To open an account at Manulife Bank, it is necessary to contact one of its financial advisers as the bank does not offer online account applications. To find a financial adviser, use the search feature on the Manulife Bank website, which searches for advisers by postal code.
There are two personal account options from Manulife Bank: the Advantage account, which is a high-interest checking account, and the $US Advantage account. The Advantage account offers flexibility and a number of features, including bill payment, online or telephone transfers, the ability to pre-authorize checking transactions, and debit card access. If this account has more than $5,000 in it, the customer gets unlimited checking at no charge.
The $US Advantage account is a savings account that offers a high rate of interest, no tiers and no minimum deposit for Canadian customers who have U.S. cash. There are options for withdrawing the money from this account, but there are fees associated with this. Additionally, when writing a check or making an online transfer, the currency must be the same. For instance, the transfer must occur between two Canadian-dollar accounts or two U.S. dollar accounts. Checks that come from a U.S. account may have to go through a 30-day hold before clearing.