Manulife Advantage Account

Bank your way with a combined savings and chequing Advantage Account

Combine your banking to get the flexibility of a chequing account with the high interest of a savings account.

You'll also get:

  • High interest on every dollar in your account, with no minimum balance required
  • Free unlimited everyday banking transactions when you keep just $1,000 in your account
  • Easy access to your money from thousands of ATMs and in-store cash back, plus online, mobile, and telephone banking

0.15%

Advantage Account rate1


Girl on Staircase

Benefits

High interest on your money

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

Bank anywhere, anytime

View your balances, deposit cheques, send Interac e-Transfers®2, and pay bills with online and mobile banking.

No-fee 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

Your money is protected

With Manulife Bank, your money is eligible for coverage through the Canada Deposit Insurance Corporation.3

Easy access to cash

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

Here when you need us

Whether your need help with telephone banking or customer service, we're here to help 365 days a year.

Here's what makes our Advantage Account different

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 & fees

Rates

Our Advantage Account offers a high interest rate on all your money:

0.15%

Advantage Account rate1


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.


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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.