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Advantage Account

Advantage Account is a high-interest savings account that offers a high interest rate and gives you the features and flexibility of a chequing account – all in one account. With online and telephone transfers, pre-authorized chequing and bill payments, and debit card access, you can access your money when and where you need it.  

Plus, Advantage Account now offers unlimited chequing for free when your balance is $5,000 or more!

How to open an Advantage Account

Contact your financial advisor to open an Advantage Account today. If you don't have a financial advisor, we can help you get the professional advice you need to make well-informed choices about your financial future. Find a financial advisor.

Deposit and withdrawal options for Advantage Account

Making deposits into your Advantage Account is free, and withdrawals are free when your balance is $5,000 or more at the time of transaction.

 Making deposits to your account

  • Transfer money from other $CDN accounts at Canadian financial institutions by:
    • Using our online banking system
    • Using our interactive telephone system (IVR)
    • Contacting a Bank Service Representative.
  • Use the Mobile Deposit feature of the Manulife Bank Mobile app to deposit cheques simply by taking a picture.
  • Send us a cheque payable to the account holder, with the destination account number written on the back.
  • Use special deposit slips at a Royal Bank branch.
  • Use any Canadian deposit-taking ABM with THE EXCHANGE symbol.
  • Have your income deposited directly to your account.

 Withdrawing from your account*

Free options:

  • Transfer money to other $CDN accounts at Canadian financial institutions by:
    • Using our online banking system
    • Using our interactive telephone system (IVR)
    • Contacting a Bank Service Representative.
  • Write cheques.
  • Set up pre-authorized bill payments.

Pay per use options*:

  • Pay bills online.
  • Pay bills over the phone.
  • Make direct payment purchases (debit card).
  • Use any ABM. Avoid convenience fees by using ABMs with THE EXCHANGE symbol. ABM withdrawal service charge still applies.

*When you have a balance of $5,000 or higher, you get free unlimited withdrawals. For the fees associated with these services, visit the "Service charges for deposit accounts and lines of credit" page.

When making online transfers and writing cheques, the currency must be consistent. Transfers may be between two Canadian-dollar accounts or between two U.S.-dollar accounts only. Cheques from a U.S.-based financial institution will be subject to a 30-day holding period. ABM and debit card purchases subject to daily withdrawal limits.

Have questions?