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Little changes can save you thousands on banking

Take advantage of our great promotional offers that could put thousands more dollars in your pocket with Manulife Bank1

Earn 2.85% on all your money

Your hard-earned money could be working harder.

The Globe & Mail called the Advantage Account “the most useful savings account in Canada”.

  • George Brown Alumni get our best promotional interest rate
    • Earn 2.85% on every dollar for the first 5 months2, and 1.25% after3
  • No monthly account fee
  • FREE unlimited transactions with a balance of $1,0004
  • Easy access to your money at 3700 ABMs and online
  • 5 minutes to open an account online
Open an account

Turn little purchases into 10% cash back

ManulifeMONEY+™ Visa Infinite* Card:

Get cash back plus extensive travel benefits5.

  • $99 annual fee waived in 1st year6 (19.99% purchase rate, 22.99% cash advance)
  • 10% cash back at grocery stores for 3 statements7, 3% after8
  • 2% cash back on travel (airlines, hotels and cruises)8
  • 1% cash back on everything else8

ManulifeMONEY+™ Visa* Platinum Card:

Get cash back rewards with no annual fee (19.99% purchase rate, 22.99% cash advance)

  • 5% cash back at grocery stores for 3 statements9, 2% after10
  • 1% on everything else10

OR

DOWNLOAD the form

Pay off your mortgage faster

Save thousands in interest

Manulife One is an all-in-one mortgage, line of credit and bank account that could help you become debt-free faster!

  • Get $1,000 cash back upon mortgage funding11
  • Mortgage setup fees covered up to $1,50012
  • Every deposit you make immediately reduces your debt and saves you interest
  • Consolidate your debt, save thousands and become debt free sooner
Get started

 

 

Contact Manulife Bank

Manulife Bank provides the banking benefits listed above. If you have any questions about banking benefits, please contact Manulife Bank directly.

For Advantage Account or Manulife One questions

1-888-444-6604

manulife_bank@manulife.com

For ManulifeMONEY+ Visa questions

1-844-668-6672

*Trademark of Visa Int., used under license.

Table of great banking offers & benefits

The savings examples here illustrate the potential first year savings of each Manulife Bank offer for Alumni.

Savings Category Spending / Requirements Cash Back Annual Savings/Waiver
Manulife One
Cash Back on Funding Min $100,000 mortgage must be advanced $1,000 deposited to new Manulife One Account  
No-charge Switching from existing mortgage to Manulife One Must use Manulife Bank’s title insurance program  

Up to $1,500 in fees covered by Manulife Bank

VISA Infinite

10% cash back promotion on grocery spend for first 3 statements

$600 / month

10% $180
Grocery Store spend: 4th and future statements

$600 / month

3% $162
Travel

$5,000 / year

2% $100
All Other Spending

$1,500 / month

1% $180
First Year Annual Card Fee Waiver

 

  $99
First Year Manulife One Fee Waiver

 

  $203
Manulife Bank’s Advantage Account
No Fee Chequing and Free Banking (min $1000 balance) & 5-month promotional interest rate Based on a $3000 Balance  

$201**

$27**
------
$228** savings & promotional interest

Total First Year Value     $3,652 (first year)

** $228 in savings using Manulife’s Advantage Account. The example below shows clients with $3,000 that were distributed between a chequing and savings account at an FI other than Manulife Bank, and shows the potential savings that could be achieved if those same funds were deposited into a Manulife Bank Advantage Account. Clients can also earn an additional $27 during the 5 months they receive the variable annual promotional rate of 1.60%.

Current banking information   Interest earned 1st  year
Chequing account: Balance $1,000.00 Manulife Bank $37.76
Chequing account: Monthly growth $0.00 Current Bank $20.09
Chequing account: Interest rate

0.00%

Manulife Bank Advantage Account $17.62
Chequing account: Monthly fees (total)

$15.95

Fees charged 1st year
Savings account: Balance

$2,000.00

Manulife Bank $0.00
Savings account: Monthly growth $0.00 Current bank $-191.40
Savings account: Interest rate

1.00%

Manulife Bank Advantage Account $191.40
Manulife Bank Advantage Account

Balance

1st year  
Balance $3,000.00 Manulife Bank

$3,037.72

Monthly growth $0.00 Current Bank $2,828.69
Interest rate 1.25% Manulife Bank Advantage Account $209.02
Number of withdrawals per month 0    

2.85% promotional rate is for a new personal, non-registered, Canadian-dollar Advantage Account. The promotional interest rate is made up of the regular posted annual variable interest rate of 1.25% and the variable annual promotional rate of 1.60%.   Interest is calculated daily and paid monthly on net new deposits for the first 150 days (5 months) after account opening to a maximum of $100,000. Any change to the regular interest rate will result in a corresponding change to the promotional interest rate. The offer is limited to one account per client and cannot be combined with other offers. The offer and rates are as of July 26, 2019 and subject to change without notice.  Click  here for full Terms and Conditions and for our current rates visit manulifebank.ca/rates.

1.25%: Interest is calculated on the closing daily balance and paid monthly. Rate as of July 26, 2019. Rate is subject to change without notice. View our current rates for more details.

Free Banking with minimum balance: Everyday banking fees for ABM cash withdrawals, Interac direct payments (debit), Interac e-Transfer and bill payments are waived when the account balance is $1,000 or more. All other everyday withdrawal and deposit transactions are free at any balance. Other convenience fees may apply to withdrawals made at ABMs that are not part of THE EXCHANGE® Network. Visit manulifebank.ca for additional details.

The Interac logo and Interac e-Transfer are registered trade-marks of Interac Corp. used under license. THE EXCHANGE® is a registered trademark owned by Fiserv Inc., licensed for use in Canada by FICANEX Services Limited Partnership. Manulife Bank of Canada is an authorized user of the mark.

ManulifeMONEY+ Visa Infinite Card 

Visa Infinite – General Terms & Conditions: you must be an eligible Visa Infinite cardholder with a valid Visa Infinite Card to take advantage of the Visa Infinite benefits and services. Discounts and benefits are non-transferable and discounts cannot be combined with any other offer or discount. Visa reserves the right to modify or cancel offers at any time and without notice. Neither Visa nor the Issuer is responsible for any claims or damages arising from use of any benefits or services provided by a third party. All offers, benefits and services are subject to complete terms and conditions, including third-party suppliers' terms and conditions. The Visa Infinite  privacy policy applies to all benefits and services that require enrolment through, or are otherwise provided by, the Visa Infinite Concierge or the Visa Infinite website. The collection, use and disclosure of cardholders' personal information by third-party suppliers of services and benefits to Visa Infinite Cardholders are subject to such third parties' own privacy policies.

5 Travel Insurance Coverage: Insurance is underwritten by The Manufacturers Life Insurance Company (Manulife) and First North American Insurance Company, a wholly owned subsidiary of Manulife, P.O. Box 670 Stn Waterloo, ON, N2J 4B8.

Fees and interest charges: Annual card fee of $99 will be waived in the first year only based on your account opening date. 19.99% Purchase Rate; 22.99% Balance Transfer and Cash Advance Rate.

10% cash back on grocery spend for first 3 statements: You will earn a bonus of an additional 7% cash back, for a total of 10% cash back on the first $2,500 in purchases at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411) when those purchases are posted to your account beginning on your account opening date and ending three statements after your account opening date. Purchases may take a few days or more to post to your account depending on the merchant. Purchases made but not yet posted within the three-statement promotional period are not eligible for the bonus. You will earn regular cash back of 3% on purchases at merchants classified as Grocery Stores & Supermarkets after the three-statement promotional period. All other terms of the Manulife Bank Rewards Terms and Conditions that apply to your account continue to apply during this promotional offer. Offer may be changed or extended and cannot be combined with any other offer.

Cash back: You will earn 3% cash back on the first $25,000 you spend annually at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411). You will earn 2% cash back on the first $25,000 you spend annually at merchants classified in the Visa network as Hotels, Airlines, or Cruise Lines (Merchant Code: 3000-3298, 3501-3833, 3835, 4411, 4511, 4722, 5962, 7011, 7012). All other purchases earn 1% cash back. The $25,000 annual spending limits will reset to zero on each anniversary of the date you opened your credit card account. Terms, conditions and eligible merchants/merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, service/transaction charges, balance transfers and payments.

ManulifeMONEY+ Visa Platinum Card

9 5% cash back on grocery spend for first 3 statements:  You will earn a bonus of an additional 3% cash back, for a total of 5% cash back on the first $2,000 in purchases at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411) when those purchases are posted to your account beginning on your account opening date and ending three statements after your account opening date. Purchases may take a few days or more to post to your account depending on the merchant. Purchases made but not yet posted within the three-statement promotional period are not eligible for the bonus. You will earn regular cash back of 2% on purchases at merchants classified as Grocery Stores & Supermarkets after the three-statement promotional period. All other terms of the Manulife Bank Rewards Terms and Conditions that apply to your account continue to apply during this promotional offer. Offer may be changed or extended and cannot be combined with any other offer.

10 Cash back:  You will earn 2% cash back on the first $15,000 you spend annually at merchants classified in the Visa network as Grocery Stores & Supermarkets (Merchant Code: 5411). All other purchases earn 1% cash back. The $15,000 annual spending limit will reset to zero on each anniversary of the date you opened your credit card account. Terms, conditions and eligible merchants/merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, interest, fees, service/transaction charges, balance transfers and payments.

Manulife One 

Get out of debt sooner: A sample calculation on how Manulife One works can be found here.

11 Cash back offer: To qualify for the $1000 cash back, you must:
 

  • Have a minimum initial borrowing amount of $100,000 at the time your account funds.
  • Open a new Manulife One account in the first-position (primary lien on the property).
     

Not eligible are:
 

  • Manulife One accounts opened in a “second position”, where it is not the primary lien on the property;
  • small business owner accounts or
  • investment properties;
  • a roll-in from second to first position;
  • a transfer from an existing Manulife One to a new property;
  • an increase to an existing Manulife One account;
  • a transfer from another existing Manulife Bank mortgage;
  • Manulife Bank Select Account / Manulife One for Business Account / Commercial Amortizing Mortgage.
     

All promotions are subject to the general terms and operating agreement of your Manulife One account. Promotions and offers may change or be withdrawn at any time without notice. If the mortgage is discharged, refinanced, ported or transferred from Manulife Bank within two (2) years of funding for any reason, you must repay the entire $1,000 cash back amount to Manulife Bank. Limit one cash back offer per mortgage term; offer cannot be combined with any other bonus or offer. Other conditions may apply; ask for details.

12 Mortgage set up fee: Property appraisal costs may be covered when you setup a new mortgage with Manulife Bank. Manulife Bank covers the lender title insurance fees involved in switching to a Manulife One account when you use our title insurance program. This does not apply to purchase transactions.  Ask your Manulife Bank representative for details (excludes any penalties or discharge fees).