Frequently asked questions
Business Banking
You can withdraw money from your account by transferring funds with online or telephone banking to your US$ account at another Canadian bank. Bank-to-bank transfers are always free, but you can find more info about fees here.
You can deposit money into your account by transferring funds with online or telephone banking from your US$ business account at another Canadian bank. You can also mail in a cheque.
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
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
Manulife Bank business GICs are not affected by the ups and downs of equity or fixed-income markets. At the end of your business GIC’s term, you will receive your original investment plus interest at the rate set when you invested your money. That certainty helps you plan for the future.
It's up to you! Let us know before the maturity date if you’d like us to deposit the cash into your business bank account or reinvest your money in a new GIC with the same term or a different term.
You can request a rate guarantee on your existing business GIC up to 30 days before your business GIC matures. This way, if the rates drop, you’ll get the better of the two rates. All you need to do is call us!
We pro-rate the annual interest rate to the number of days of your short-term deposit. For example, if the annual rate is 1%, a 30-day investment would earn 30 / 365 x .01 x 100 = 0.08%. If you invested $100,000, at maturity you would receive your original investment of $100,000 plus $80 in interest.
Yes, the minimum investment is $25,000.
Give us a call. Keep in mind that if you redeem a business short-term GIC deposit before maturity, we charge a $25 early redemption fee and a rate reduction of 1.25%. If you redeem within the first 29 days, you forfeit all interest.
Ask your advisor or call us to set up regular interest payments when you invest in a new long-term business GIC. You can choose to have your interest compound annually, or receive annual, semi-annual or monthly interest payments
Yes, the minimum investment is $2,500 ($10,000 for monthly interest payments).
No, the only time a long-term business GIC can be redeemed before the maturity date is upon death.
Contact your financial advisor for more information on Investment Savings Account and to confirm that you have access to this product. 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.
No, an investment savings account does not have bank account features such as chequing, ATM withdrawals, Interac® Debit purchases, and client-initiated online transactions. Transactions must be executed by your advisor, fees may apply.
No, you can only hold an investment savings account within a dealer account (also known as a “nominee name” or ‘on-book” account), which is a trust account offered through an advisor. 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.