Chequing account · Manulife Bank
Advantage Account (chequing & savings): fees and true cost
Manulife Bank’s Advantage Account (chequing & savings) charges no monthly fee, with none included (each one is charged) transactions. For our “Everyday” example that comes to $504 a year, #31 of 33 chequing accounts offered nationwide.
CDICOffered in all ten provinces
Fees retrieved November 1, 2026
What it would cost you in a year
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $222 | No monthly fee; extra transactions $18.50/mo | 26 of 33 |
| Everyday Household account, a few e-Transfers | $504 | No monthly fee; extra transactions $40.50/mo | 31 of 33 |
| Heavy Lots of card, bill and e-Transfer payments | $948 | No monthly fee; extra transactions $76.00/mo | 27 of 33 |
| Branch and cheques Teller visits, cheques, paper statement | n/a | Can’t do: branch transactions | — |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | None included (each one is charged) |
| Debit purchase in Canada (beyond included) | $1.00 |
| Online or mobile bill payment | $1.00 |
| Interac e-Transfer | $1.00 |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | $1.50 |
| Withdrawal at another institution’s ATM | $1.50 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $3.00 |
| Debit purchase in the United States | $1.00 |
| In-branch withdrawal | Not available |
| Bill payment in branch | Not available |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | $2.00 |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | Not available |
| Overdraft protection, per use | Not available |
| Overdraft interest | 21% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 and up | 1.5% |
Notes from the institution
Combine your banking to get the flexibility of a chequing account with the high interest of a savings account. •High interest on every dollar in your account, with no minimum balance required •Free unlimited everyday banking transactions when you keep just $1,000 in your account •Easy access to your money from more than 3,500 ABMs, plus online and mobile banking
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Cheaper for everyday use, at other institutions
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- Personal Account (EQ Bank) — $0 a year
- Neo Chequing account (Essentials) (Neo Financial) — $0 a year
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · Manulife Bank’s product page
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