Manulife Bank

Manulife Bank Advantage Account

A $0-monthly-fee combined spending and savings account with conditional transaction-fee waivers.

Normal monthly fee$0
Transactions0 monthly
Interac e-Transfers0 monthly
InterestSee details
Institution
Manulife Bank
Official website
https://www.manulifebank.ca/personal-banking/bank-accounts/high-interest-chequing-savings/advantage-account.html ↗

Overview

The account has no recurring monthly fee, but ordinary transactions can be pay-per-use. A qualifying balance can waive transaction fees and does not change the normal monthly fee.

Features and access

Monthly cost and transactions

Normal monthly fee
$0The normal recurring monthly fee is $0; conditional transaction-fee waivers are separate.
Transactions
0 monthlyEveryday transactions are pay-per-use unless the published qualifying-balance condition waives those transaction fees.

Transfers

Interac e-Transfers
0 monthlyTransfer charges are conditional rather than an unconditional unlimited inclusion.

Card and payments

Payment card
YesDebit-card payment access is supported.

ATM and branch access

ATM access
YesATM access is supported; transaction and network charges can apply.
Branch access
NoThe account is offered through digital and support channels rather than a Manulife Bank retail branch network.

Cheques and ownership

Cheque support
YesCheque services are supported and transaction charges can apply.
Joint account
UnknownJoint-account support was not established by the reviewed material.

Interest

Interest rate
See detailsThe account pays a variable rate and can publish balance or activity conditions; current rates should be confirmed with Manulife Bank.

Deposit protection

Eligible deposits are held directly at Manulife Bank of Canada; a CDIC member; subject to CDIC limits and categories.