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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
Benefits
Rates and fees
Rates
Earn high interest rate on all your money:
Fees
No monthly fees, and no fees to deposit or transfer money. Other services and fees include:
| Services | Fees |
|---|---|
| Transferring money from your account at another Canadian bank | No charge |
| Direct deposit | No charge |
| Mobile cheque deposit | No charge |
| Receiving money via Interac e-Transfer®3 | No charge |
| Mail in cheque | No charge |
| Services | Fees |
|---|---|
| Transferring money to your account at another Canadian bank | No charge |
| Pre-authorized withdrawal | No charge |
| Bill Payment | $1.00 |
| Sending money using Interac e-Transfer | $1.00 |
| Cheques | $1.50 |
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.
Resources
FAQ
Here's how to deposit money into your account:
- Transfer money from your account at another Canadian bank with online, mobile, or telephone banking
- Deposit a cheque with our mobile banking app
- Send a cheque by mail
- Deposit money at a Royal Bank branch via NDDS slips
- Receive money via Interac e-Transfer
Here's how to withdraw money from your account:
- Transfer money to your account at another Canadian bank with online, mobile, or telephone banking
- Pay bills with online or telephone banking
- Set up pre-authorized payments
- Write a cheque
- Send money using Interac e-Transfer
The following business types are eligible:
- Corporations
- Partnerships
- Trusts
- Estates
- 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
- 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.
1 Interest is calculated daily on the total daily balance and paid monthly. Rate is subject to change without notice.
2 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.
3 ®Trademark of Interac Corp. Used under licence. Please review our Interac e-Transfer transactions limits.
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