Is your money working as hard as you are?
The Business Advantage Account is the perfect complement to traditional bank accounts, allowing business owners like you to earn high interest on your excess or idle cash. You'll also get:
- High interest on every dollar in your account
- Easy access to your money with online and mobile banking
- Free deposits and bank-to-bank transfers between your accounts at other Canadian banks
Is our Business Advantage Account right for you?
Yes, if you:
- Own a small or medium-sized business
- Have a primary operating account at another Canadian bank
- Want to earn high interest on your idle cash without locking it in
Rates & fees
Earn high interest rate on all your money:
No monthly fees, and no fees to deposit or transfer money. Other services and fees include:
|Trannsferring money from your account at another Canadian bank||no charge|
|Direct deposit||no charge|
|Mobile cheque deposit||no charge|
|Receiving an Interac e-Transfer®2||no charge|
|Mail in cheque||no charge|
|Transferring money to your account at another Canadian bank||no charge|
|Pre-authorized withdrawal||no charge|
|Sending an Interac e-Transfer||$1.00|
Additional services such as wire transfers, stop payments, and official cheques (in lieu of certified cheques) are also available. Please review our Services and Fee Guide (PDF) for a complete list of all services and associated fees.
- Fees are subject to change with at least 30 days of prior written notice. If you don’t receive paper statements, you can find all fee information online.
- All fees are presented on a per item basis, unless otherwise stated.
- Charges are automatically applied to your account.
1Interest is calculated daily on the total daily balance and paid monthly. Rate is subject to change without notice.
2® Trade-mark of Interac Inc. Used under licence. Please review our Interac e-Transfer® limits.
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.
Here's how to deposit money into your account:
- Transferring money from your account at another Canadian bank with online, mobile, or telephone banking
- Depositing a cheque with our mobile banking app
- Sending a cheque by mail
- Depositing money at a Royal Bank branch via NDDS slips
- Receiving money with Interac® e-Transfers
Here's how to withdraw money from your account:
- Transferring money to your account at another Canadian bank with online, mobile, or telephone banking
- Paying bills with online or telephone banking
- Setting up pre-authorized payments
- Writing a cheque
- Sending money with Interac® e-Transfers
The following business types are eligible:
- Associations, Societies, or Lodges
- Community accounts (i.e., hockey clubs, etc.)
- Condominium corporations
- Trade or labour unions
- Charities, unincorporated charitable organizations, or not-for-profit organizations
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