Combine your banking to get the flexibility of a chequing account with the high interest of a savings account.

Advantage Account rate1

You'll also get:

  • High interest on every dollar in your account, with no minimum balance required
  • Free unlimited everyday banking transactions when you keep just $1,000 in your account
  • Easy access to your money from thousands of ATMs and in-store cash back, plus online, mobile, and telephone banking


Girl tablet on staircase.

Here's what makes our Advantage Account different

  Manulife Bank Advantage Account Traditional chequing account Traditional savings account
Free unlimited banking Bank for free when you keep just $1,000 in your account Minimum balance of $1,500 to $4,000 required to waive fees Pay per transaction
Monthly fee No monthly fee Up to $16.95 No
High interest on every dollar Yes No Minimal interest with different rates based on your balance.
Minimum balance to earn highest rate No minimum balance required Not applicable, no interest offered Required balance up to $250,000
ATM access Thousands of ATMs across Canada Yes Limited

Many banks make you choose between a great interest rate, no fees, and the ability to bank your way. With the Advantage Account, you get it all. Here are four things you might not know about the Advantage Account.


Our Advantage Account offers a high interest rate on all your money:

Advantage Account rate1


With our Advantage Account, there are no monthly fees, and no fees to deposit or transfer money. Other services and fees include:

Deposit Service Fees
Services Fees
Transferring money from your account at another Canadian bank No charge
Direct deposit No charge
ATM deposits No charge
Mobile cheque deposit No charge

These fees are waived when you maintain a balance of $1,000.

Withdrawal Service Fees
Services Fees
Transferring money to your accounts at other Canadian banks No charge
Pre-authorized withdrawal No charge
ATM withdrawals in Canada* $1.50
ATM withdrawals outside of Canada* $3.00
Interac® Debit card purchases in Canada $1.00
In-store cash back at participating retailers** No charge
Bill payment $1.00
Sending money using Interac e-Transfer1 $1.00
Writing cheques No charge

*ATMs that aren't part of THE EXCHANGE® Network may charge their own convenience fees for withdrawals.

**No additional charge when you get in-store cash back with a Interac Debit card purchase.

Additional services such as wire transfers and official cheques (in lieu of certified cheques) are also available. Please review our Services and Fee Guide for a complete list of all services and associated 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-Transfer service limit: $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.

Bank to bank fund transfers are a quick and easy way to move money to and from your accounts with other Canadian banks. 

To make bank-to-bank transfers, you'll need link your Manulife Bank account with your other accounts. If you provided a void cheque or initial deposit when you opened your Advantage Account, that link has been established. If you don’t already have the account linked, print, complete, sign, and send us this fund transfer agreement (PDF) to connect your accounts. Once your accounts are linked, you can transfer funds using online, mobile, or telephone banking.

All your everyday transaction fees are waived when you maintain an account balance of just $1,000. If you don't keep the minimum balance, some transaction fees will apply (though bank-to-bank transfers are always free!)

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