Combine your banking to get the flexibility of a chequing account with the high interest of a savings account.
High interest on your money
Watch your money grow faster with high interest on every dollar in your account, no minimum balance required.
Bank anywhere, anytime
View your balances, deposit cheques, send Interac e-Transfers®2, and pay bills with online and mobile banking.
No-fee banking
Get free, unlimited transactions when you keep at least $1,000 in your Advantage Account and enjoy free bank-to-bank transfers.
Your money is protected
With Manulife Bank, your money is eligible for coverage through the Canada Deposit Insurance Corporation.3
Easy access to cash
Withdraw money at thousands of ATMs across Canada and get cash back with debit card purchases at participating retailers.
Here when you need us
Whether your need help with telephone banking or customer service, we're here to help 365 days a year.
Manulife Bank Advantage Account |
Traditional chequing account |
Traditional savings account |
|
|---|---|---|---|
| Free unlimited banking | Bank for free when you keep just $1,000 in your account | Minimum balance of $1,500 to $4,000 required to waive fees | Pay per transaction |
| Monthly fee | No monthly fee | Up to $16.95 | No |
| High interest on every dollars | Yes | No | Minimal interest with different rates based on your balance. |
| Minimum balance to earn highest rate | No minimum balance required | Not applicable, no interest offered | Required balance up to $250,000 |
| ATM access | Thousands of ATMs across Canada | Yes | Limited |
| Virtual financial assistant | Yes | Some banks | Some banks |
Video: Four great things about the Advantage Account
Many banks make you choose between a great interest rate, no fees, and the ability to bank your way. With the Advantage Account, you get it all. Here are four things you might not know about the Advantage Account.
Rates
Our Advantage Account offers a high interest rate on all your money.
Fees
With our Advantage Account, there are no monthly fees, and no fees to deposit or transfer money. Other services and fees include:
Deposit Service Fees |
|
|---|---|
Services |
Fees |
| Transferring money from your account at another Canadian bank | No charge |
| Direct deposit | No charge |
| ATM deposits | No charge |
| Mobile cheque deposit | No charge |
These fees are waived when you maintain a balance of $1,000.
Withdrawal Service Fees |
|
|---|---|
Services |
Fees |
| Transferring money to your accounts at another Canadian banks | No charge |
| Pre-authorized withdrawal | No charge |
| ATM withdrawals in Canada* | $1.50 |
| ATM withdrawals outside of Canada* | $3.00 |
| Debit card purchases in Canada | $1.00 |
| In-store cash back at participating retailers** | No charge |
| Bill payment | $1.00 |
| Sending an Interac e-Transfer2 | $1.00 |
| Writing cheques | No charge |
|
*ATMs that aren't part of THE EXCHANGE® Network may charge their own convenience fees for withdrawals. **No additional charge when you get in-store cash back with a debit card purchase. |
Additional services such as wire transfers and official cheques (in lieu of certified cheques) are also available. Please review our Services and Fee Guide for a complete list of all services and associated fees.
1 Interest is calculated on the closing daily balance and paid monthly.
2 ®Trade-mark of Interac Inc. Used under license. Fiserv EFT is the owner of THE EXCHANGE® trademark and its associated rights. Fiserv EFT has granted FICANEX® the exclusive right to use, market and sublicense THE EXCHANGE® trademark and the intellectual property rights associated with the operation of THE EXCHANGE® Network throughout Canada. Manulife Bank of Canada is an authorized user of the mark.
3 Manulife Bank is a member of the Canada Deposit Insurance Corporation (CDIC), which means your deposits are eligible for CDIC deposit insurance protection. Visit cdic.ca for information on eligible deposits.
