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[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
Member
Sep 14, 2009
449 posts
122 upvotes
Vancouver
Crowbarfoot wrote: 50k per transaction.
Can anyone tell me if there is a daily cap other than this $50k per transaction limit?
Newbie
Apr 27, 2019
3 posts
Is the 1.85% promotional interest calculated daily on the net added deposits and paid monthly till the time promotion ends?
Deal Fanatic
User avatar
May 7, 2007
8909 posts
3105 upvotes
What's this about 50k transaction limit?

Say I want to transfer in over 50K electronically ... or deposit via ATM (a cheque) ... OR ... when promo ends in 182 days -- to pull ALL the money from Manulife's account via Tangerine, for example etc ... - is it possible or? (say 400K for example ... which would be over 50K)?
Deal Fanatic
User avatar
May 7, 2007
8909 posts
3105 upvotes
Darkman wrote: Looks like any serious money of mine gonna continue to be staying out of Tangerine ... (it's already out of there since September 2018 via various promotions - TD and BMO -- was only at Tangerine for couple of months at 3.15% at that time ... in between TD and BMO promotions).

Out of curiosity: Could bills be paid, if needed / wanted out of that Manulife account ... or that account doesn't have bill payments?

Looks like my money is going there now ... after BMO promo ends (end of April).

Thanks OP.
Looks like "Bill Payment" is possible from this account: C/P:

Services - Fees

Transferring money to your account at another financial institution - no charge
Pre-authorized withdrawal - no charge
ABM withdrawal in Canada - $1.50
ABM withdrawal outside of Canada - $3.00
Debit card purchase - $1.00
Bill Payment - $1.00
Sending an Interac e-Transfer - $1.00

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

https://www.manulifebank.ca/personal-ba ... count.html
Sr. Member
User avatar
Dec 2, 2008
683 posts
198 upvotes
So just to verify, the only way to transfer money into this account is through depositing a cheque??
Deal Fanatic
User avatar
May 7, 2007
8909 posts
3105 upvotes
Crowbarfoot wrote: 50k per transaction.
Where do you see this?

... and what kind of transaction exactly?
Deal Fanatic
User avatar
May 7, 2007
8909 posts
3105 upvotes
canadian gal wrote: So just to verify, the only way to transfer money into this account is through depositing a cheque??
Depositing a cheque through ATM ... (and hope, if the cheque is large enough, that ATM accepts the amount -- ... for example Scotiabank ATM has a Deposit limit of $99,999.99) ...

... or I think via electronic transfer as well ... (for example sending / pushing money from Tangerine to this account (after creating a link at Tangerine) ... or pulling money from, for example, Tangerine ... if it's possible to link external accounts to this Manulife Bank account.
Member
Aug 29, 2010
243 posts
191 upvotes
Darkman wrote: Looks like "Bill Payment" is possible from this account: C/P:

Services - Fees

Transferring money to your account at another financial institution - no charge
Pre-authorized withdrawal - no charge
ABM withdrawal in Canada - $1.50
ABM withdrawal outside of Canada - $3.00
Debit card purchase - $1.00
Bill Payment - $1.00
Sending an Interac e-Transfer - $1.00

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

https://www.manulifebank.ca/personal-ba ... count.html
ABM withdrawal outside Canada fee is waived as well? I can actually see potential in this then..
Deal Addict
Dec 25, 2017
1397 posts
912 upvotes
chinook79 wrote: ABM withdrawal outside Canada fee is waived as well? I can actually see potential in this then..
It’s not specific on which fees are waived, makes me very concerned what’s waived and what’s not.
Member
Aug 29, 2010
243 posts
191 upvotes
IEpicDestroyer wrote: It’s not specific on which fees are waived, makes me very concerned what’s waived and what’s not.
Found this on their website..

All your everyday transaction fees are waived when you maintain $1,000 or more in your account. If you don't keep the minimum balance, transaction fees will apply.

It seems like all fees including foreign ABM withdrawal is waived
Deal Addict
Dec 25, 2017
1397 posts
912 upvotes
chinook79 wrote: Found this on their website..

All your everyday transaction fees are waived when you maintain $1,000 or more in your account. If you don't keep the minimum balance, transaction fees will apply.

It seems like all fees including foreign ABM withdrawal is waived
Interesting... there is no mention of fees otherwise except whatever the ATM itself charges. I wonder if a fax fee is applied when ATM withdraws in foreign currency is done or POS purchases in the US with ACCEL. This would be a good alternative to something like Stack for ATM access!
Deal Fanatic
Jan 18, 2003
5450 posts
1293 upvotes
Mississauga
so basically...

open Manulife account online
then go into Tangerine and add external Link
with the branch, transit, account# info
use Tangerine to transfer $ into this new account?
Newbie
Dec 20, 2018
78 posts
94 upvotes
ulkurz wrote: How much will I earn in interest if I deposit 10k and leave it there till promotion?

If I understand correctly, I'll be paid:
  • $150 every month (regular interest) and,
  • $185 cumulated every month but paid only after the promotion ends?
Incorrect. Those would be closer if you leave 120k in.

Divide the interest rates by 12 to get aprox. monthly interest.
Newbie
Dec 23, 2015
45 posts
37 upvotes
Montr
So, did anyone clarify how deposit $10k+ without a cheque? I moved it all to Alterna for their 2.30%, now want to make sure I can easily transfer it to Manu.

I know some on here are experienced at this stuff.
Thx in advance

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