Your Manulife One account works the hardest for you when you get all of your income working to help reduce your debt every day.
Make the most of your Manulife One account.
Set up recurring income deposits2 into your Manulife One account within 60 days of your Manulife One account being opened and we’ll give you up to $4,000 cashback to get your debt reduction off to a flying start!
Set up a recurring income deposit to get up to $4,000 cashback. This offer runs until June 30 and the amount of cash back will vary depending on the mortgage value at time of funding:
How much could you be eligible for?
- Mortgage amount advanced: $250,000 - $499,000 | Cashback: $1,000
- Mortgage amount advanced: $500,000 - $749,000 | Cashback Value: $3,000
- Mortgage amount advanced: $750,000+ | Cashback Value: $4,000
You can set up income deposits with your Manulife One account by contacting your employer and/or pension provider to change where your income is deposited.
In many cases, you can set up a direct deposit of your regular income into your Manulife One account by following these steps:
- Sign in to your account and print a void cheque.
- Download this direct deposit form (PDF).
- Submit both to your income provider, which could be your employer, pension provider or benefits provider.
Make sure to set up your income deposit within 60 days of your Manulife One account being opened to get your cashback. We'll deposit the cashback into your account within 60 days from when you qualify. To qualify, apply3 for a Manulife One account between March 27 and June 30, 2023; have at least $250,000 or more in debt in your Manulife One account at the time of funding; must fund by July 14, 2023.
Want even more tips on how to make the most of your Manulife One account? Watch this video:
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- 1 This offer is subject to the general terms and operating agreement of your Manulife One account. To qualify for the offer, you must apply for a Manulife One account between March 27, 2023 and June 30, 2023; have at least $250,000 or more in debt in your Manulife One account at the time of funding; fund by July 14, 2023; and set up a recurring income deposit within 60 days of funding the mortgage. Eligible recurring income deposits include payroll from your employer, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance. This offer may change or be withdrawn at any time without notice. Cashback will be deposited only if the account is active and in good standing. If the mortgage is discharged, refinanced, ported or transferred from Manulife Bank within five (5) years of activation for any reason, you must repay the entire cashback amount to Manulife Bank. The maximum total cashback per Manulife One account is $4,000. See the full Terms & Conditions (PDF) for more information.
- 2 Eligible recurring income deposits include payroll from your employer, pension direct deposits, old age security, disability payments, and governmental deposits, such as employment insurance.
- 3 Subject to credit approval