Advantage Account

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Earn high interest on every dollar…every day!

Open an Advantage Account online and build your savings faster—earn high interest on every dollar you deposit and never pay a monthly fee.

Advantage Account rate1

With an Advantage Account, you get:

  • High interest on every dollar in your account, no minimum balance required
  • Easy access to your money with personal online banking, mobile and telephone banking, as well as thousands of ATMs
  • All the features of a chequing account–you can deposit a cheque using mobile deposit, send or receive money using Interac e-Transfer®, make Interac® Debit card purchases, pay bills and more!
  • Unlimited free everyday banking transactions – when you keep $1,000 in your account.2
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Compare features

Here's what makes the 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

When you open an account, many banks make you choose between a great interest rate, no-fee banking, a full suite of banking features and easy access to cash. With the Advantage Account you get it all.

Watch this video to learn more about how the Advantage Account can help make your personal banking easier.

4 things you didn’t know about your Advantage Account – Manulife Bank

Download a transcript (PDF)

Rates & fees


The Advantage Account is a high-interest savings account that helps you grow your money with no minimum balance required. At Manulife Bank, we work hard to offer you the best interest rate possible so you can build your savings faster.

Advantage Account rate1


With the Advantage Account, there are no monthly fees and there is never a charge to deposit money into your account. Plus, when you keep a balance of just $1000 in your account, all your everyday banking transactions are free.2

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-Transfer $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.

The Advantage Account offers additional services such as wire transfers, personal cheques and official cheques (in lieu of certified cheques). Our Services and Fee Guide covers all of our services and any associated fees. 



Opening a bank account online is easy and can take as little as five minutes! If you’re new to Manulife Bank, you’ll typically need to provide two pieces of ID to verify your identity, one of which being your Social Insurance Number (SIN). Banks are required by law to ask for your SIN when you open a savings account. Not to worry – the application is simple and we walk you through everything step by step.

Once your Advantage Account is open, you’ll enjoy the benefits of a high-interest savings account that also offers all the features of a chequing account.

And because we’re a digital bank, we focus on offering easy-to-use and convenient online and mobile banking options. 

Yes! First, both of you need to open an individual Advantage Account online so we can verify your identity. Then you can call us at 1‑877‑765‑2265 and request a joint account. You’ll both need to be available for the call.

You can link your new Advantage Account to your account at another Canadian bank or credit union to easily transfer money between your accounts. This type of transfer is always free.

When you opened your Advantage Account and provided a void cheque or your banking information, we automatically created this link for you. To link another account, perform the following steps:

1. Sign into online banking.

2. Under Money Transfers in the left-side menu, click Link an External Account.

3. Select Get Started and follow the steps to log in and authenticate with your financial institution using Flinks.

4. Once connected, select the account you would like to link.

5. Review the agreement and click Link Account.

6. Your account is now linked. Visit One Time Transfer to make a money transfer.

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