Expired Hot Deals

[Manulife] Manulife Bank Advantage Account 1.5% with end of 3.35%/3.25% promotional period ***Updated July 17, 2019***

  • Last Updated:
  • Feb 8th, 2020 12:56 pm
Deal Addict
Oct 22, 2015
1247 posts
348 upvotes
happy camper wrote:
No....it appears you can either mail in a void cheque to them or link your external account through the mobile app by taking a pic of it and sending it in or they say they will link your first deposit if you deposit via their mobile app. There does not appear to be any other way that I could see
After the link is set up can you push/pull money out/in of Manulife?
Deal Addict
Dec 25, 2017
1397 posts
912 upvotes
If I'm reading this correctly, the bonus interest of 1.85% will be paid for 182 days from account opening, when added with the regular rate, it's 3.35% in total. The maximum amount earning the promotional interest rate is $500,000, anything excessive will earn 1.50%. There are no fees if balance is over $1,000 and I can push/pull from other banks. There are no fees on stuff like deposits, ATM withdraws, Interac E-transfers, etc over $1,000 in balance and I'm under no obligation to stay under a certain amount of time.
Deal Addict
User avatar
Jul 5, 2005
2754 posts
685 upvotes
Toronto
I just opened an account and when i go into the account details I get:

Interest rate 1.500%
Promotional rate 1.850%
Promotion end date October 26, 2019
Opened date April 27, 2019

To move money from Tangerine Savings I guess it will require a push from Tangerine as there are not Void Cheques from Tangerine?
Newbie
User avatar
Mar 20, 2007
60 posts
10 upvotes
IEpicDestroyer wrote: If I'm reading this correctly, the bonus interest of 1.85% will be paid for 182 days from account opening, when added with the regular rate, it's 3.35% in total. The maximum amount earning the promotional interest rate is $500,000, anything excessive will earn 1.50%. There are no fees if balance is over $1,000 and I can push/pull from other banks. There are no fees on stuff like deposits, ATM withdraws, Interac E-transfers, etc over $1,000 in balance and I'm under no obligation to stay under a certain amount of time.
Thanks for the summary @IEpicDestroyer - would that imply that the promo interest will be paid out on what's been in the account until the end of the promo period OR would they prorate the deposit amount for whatever the amount of days we keep the cash there but only pay it out at the end of the promo period?
Deal Addict
Dec 25, 2017
1397 posts
912 upvotes
quasilife wrote: Thanks for the summary @IEpicDestroyer - would that imply that the promo interest will be paid out on what's been in the account until the end of the promo period OR would they prorate the deposit amount for whatever the amount of days we keep the cash there but only pay it out at the end of the promo period?
I saw this in the T&C:

The Promotional Interest will be calculated daily and paid monthly beginning on the date of application and continuing 182days (“Promotional Period”) on Eligible Deposits made during the Promotional Period. Any withdrawals from the Eligible Account during the Promotional Period will be subtracted from the Eligible Deposit balance.

Basically, interest calculated daily on the account balance and paid on a monthly basis until 182 days are up.
Newbie
Nov 6, 2014
94 posts
52 upvotes
North York, ON
What is the daily or per transaction limit when an online transfer (in or out) is initiated at the Manulife bank to/from another bank?
Newbie
Dec 5, 2014
39 posts
Toronto, ON
Can anyone advise on the Manulife Bank Branch location in Toronto? Is this a safe bank?
Penalty Box
User avatar
May 15, 2016
5034 posts
1715 upvotes
How long does it take for the accounts to be linked? Can you get cheques with this?
Deal Addict
User avatar
Dec 4, 2007
3623 posts
1299 upvotes
Quebec
What's the best way to transfer 180k?

Can i deposit photo cheque to manuvie account via their app?

Or electronic fund transfert is better/faster?

NetAnt wrote: can Tangerine match this? too lazy to move money around...
I tried last week, couldn't get better than 2.3% for 6 months. No way i left my money there for such low %
Last edited by HyperTech on Apr 27th, 2019 7:16 pm, edited 1 time in total.
Newbie
Oct 9, 2018
77 posts
33 upvotes
Also wondering if this will affect my credit score, if anyone has info
Member
Jan 17, 2016
393 posts
393 upvotes
Mississauga
astroboy100 wrote: Is there a credit hit to setup?
reeepo wrote: Also wondering if this will affect my credit score, if anyone has info
2 soft pull from Equifax. No hard pull.

2019-04-19 AUTH MANULIFE BANK (877)765-2265
2019-04-19 THE MANUFACTURERS (877)765-2265

Also to add another data point, according to their rep, the first deposit will have 1 week hold, no matter how you do that, even EMT and direct deposit. So be aware and not to "freeze" all your money.
Last edited by XiaohanJ117 on Apr 27th, 2019 8:13 pm, edited 2 times in total.
Deal Addict
Jan 21, 2014
4425 posts
2069 upvotes
rokuamit wrote: Can anyone advise on the Manulife Bank Branch location in Toronto? Is this a safe bank?
Manulife has market cap of $51B and their stocks are traded on both TSX & NYSE. Its current market cap is even slightly bigger than CIBC so I would say it's pretty safe
Deal Addict
Jul 3, 2006
1960 posts
575 upvotes
I guess its best to open account on Monday so your not losing some days on the weekend lol
Sr. Member
User avatar
Oct 10, 2006
916 posts
48 upvotes
Halifax
50k per transaction.
Crowbar for a foot. Crowbarfoot.

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