Limited time offer: get a year of Amazon Prime
One year of Amazon Prime is yours when you use your All-In Banking Package. Already an Amazon Prime member? Your next year is on us.3
To qualify, simply make 5 or more purchases or bill payments (excluding credit card bill payments) in each of the first two full months after you open your account.6
For example, if you open your account in June – whether it’s June 1st or 30th – you just have to make 5 purchases in both July and August.
Here’s what the package includes:
- Everyday Banking Account: unlimited e-Transfers, debit purchases, bill payments, and withdrawals
- High-Interest Savings Account: earn interest on every dollar you save
- Innovative savings tools: reach your financial goals with automated savings tools and a virtual financial assistant
- Travel insurance: stay covered while you’re abroad with $10,000 of annual travel disruption insurance7
- Secured overdraft: in case you face any unexpected expenses, secured overdraft can help you avoid NSF fees2
|Savings Account rate: 0.15%5|
|Everyday Banking Account rate: 0%|
|Secured overdraft rate: 15%2|
Monthly fee: $10
At the end of every month, if your High-Interest Savings Account balance is $100 higher than it was on the last day of the previous month, we’ll waive the monthly fee.
Other services and fees include:
|Transferring money from your account at another Canadian bank||No charge|
|Direct deposit||No charge|
|ATM deposits||No charge|
|Mobile cheque deposit||No charge|
|Sending Interac e-Transfers®8||No charge|
|Debit card purchases in Canada||No charge|
|Withdrawals in Canada at ATMs that are part of THE EXCHANGE® Network||No charge|
|Withdrawals in Canada at ATMs that aren't part of THE EXCHANGE® Network*||$1.50|
|ATM withdrawals outside of Canada*||$3.00|
|Pre-authorized withdrawals||No charge
|Transferring money to your account at another Canadian bank||No charge
|Bill payments||No charge|
*ATMs that aren't part of THE EXCHANGE® Network may charge their own convenience fees for withdrawals.
Savings Sweeps can make it easier for you to reach your savings goals. Simply choose how much money you want to keep in your everyday banking account and the rest will be moved to your savings account at the end of each day. Remember, if you grow the balance of your savings account by $100 each month, we’ll waive your monthly banking fee!
When you don’t have enough available cash in your Everyday Banking account, but you do have money in your High-Interest Savings Account (HISA), secured overdraft can help you avoid non-sufficient funds (NSF) charges if you forget about an automatic withdrawal or an unexpected expense pops up.
Your secured overdraft limit is 75% of the balance in your HISA. For example, if you have $1,000 in your HISA, you can overdraw your Everyday Banking Account by up to $750. The maximum secured overdraft limit is $5,000, with a 15% interest rate that’s calculated daily. However, there are no daily or per use fees.
Here are the default daily limits for different transaction types:
- ATM withdrawals: $1,200/day
- Point of sale/debit transactions, including in-store cash back: $3,000/day
- Outgoing transfers: $50,000
- Interac e-Transfers: $3,000/transfer, $3,000/day, $10,000/week, and $20,000/month
These apply to most people, however, there are situations where individual limits may be different. Our limits are in place for your protection and to comply with regulations. If you have questions about your transaction limits or need to exceed that limit, give us a call.
- Fees are subject to change with at least 30 days of prior written notice.
- All fees are presented on a per item basis, unless otherwise stated.
- Additional convenience fees may apply when you make direct-payment purchases with your debit card.
1 Unlimited transactions, including Interac direct payments (debit), Interac e-Transfers, bill payments, and ATM cash withdrawals on THE EXCHANGE® Network, are covered in the monthly fee. At the end of every month, if the balance in your High Interest Savings Account is $100 higher than the balance on the last day of the previous month, we’ll waive the monthly package fee. Other fees may apply.
2 As at June 9, 2019, the Annual Interest Rate for the secured overdraft is 15%. It is calculated on the total daily closing balance and charged monthly. Rates are subject to change without notice.
3 You must redeem your Amazon Prime Membership Code and agree to the Amazon Prime Terms and Conditions to qualify for Amazon Prime membership. The membership codes are good for one-time use only and must be redeemed by December 31, 2021. Your Amazon Prime membership automatically renews for the membership fee in effect at the time of renewal plus applicable taxes. Currently, the Amazon Prime membership fee is $7.99/month or $79/year plus applicable taxes. You may cancel at any time by visiting Your Account and adjusting your membership settings. Valid credit card required at time of registration if Amazon does not have one on file. Amazon Prime Membership Codes cannot be transferred or resold. For more information about Amazon Prime, visit amazon.ca/prime. Amazon.com is not a sponsor of this promotion. All Amazon ®, TM, & © are IP of Amazon.com, Inc. or its affiliates.
4 At the end of every month, if the balance in your High-Interest Savings Account is $100 higher than the balance on the last day of the previous month, we’ll rebate the monthly fee.
5 Interest is calculated on the closing daily balance and paid monthly. Rate subject to change without notice.
6 For example, if your banking package was opened in June – whether it’s June 1st or June 30th – you’ll have July and August to make the 5 qualifying purchases or bill payments per month. If you qualify, we’ll email you an Amazon claim code with instructions on how to redeem it.
7 Conditions and exclusions apply. Underwritten by The Manufacturers Life Insurance Company (Manulife) and First North American Insurance Company, a wholly owned subsidiary of Manulife. Manulife, P.O. Box 670, Stn Waterloo, Waterloo, Ontario, N2J 4B8.
8 ®Trade-mark of Interac Inc. Used under license. Fiserv EFT is the owner of THE EXCHANGE® trade mark and its associated rights. Fiserv EFT has granted FICANEX® the exclusive right to use, market and sublicense THE EXCHANGE® trade mark and the intellectual property rights associated with the operation of THE EXCHANGE® Network throughout Canada. Manulife Bank of Canada is an authorized user of the mark.
ManulifeMONEY+ Visa* credit cards available separately.
*Trademark of Visa Int., used under license.
Manulife, Manulife Bank & Stylized M Design, ManulifeMONEY+, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
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