Business High-interest Deposit Accounts



	BANK HOME

	BANK ACCOUNTS
		ABM Locator

		Deposit Insurance


	INVESTMENTS

	LOANS

	MORTGAGES

	MANULIFE TRUST

	CREDIT CARD

	TODAY'S RATES

	SERVICES AND FEES

	PROFESSIONAL ADVICE

	CUSTOMER CENTRE

	ONLINE SECURITY

	CAREERS

Business High-interest Deposit Accounts

Deposit and withdrawal options

Contact your financial advisor to open any of these accounts today. If you don't have a financial advisor, we can help you get the professional advice you need to make well-informed choices about your financial future.

Business Advantage Account
How hard is your short-term cash working? This account is designed to complement a traditional operating account by allowing business owners to transfer excess cash into it online or over the phone and earn a high rate of interest¹ on every dollar. Then they can easily access the cash again when they need it, using online or telephone transfers, pre-authorized bill payments or cheques.

$US Business Advantage Account
Use the $US Business Advantage Account to complement your traditional operating account. Business owners can transfer excess $US cash into the $US Business Advantage Account online or over the phone and earn a high rate of interest on every dollar. Then they can easily access the cash again when they need it, using online or telephone transfers.

Investment Savings Account
With Investment Savings Account, you earn the high rate of interest on every dollar in the account, without having to worry about or manage maturity dates as you would with other investments such as Treasury Bills or GICs. It is available for registered and non-registered investments, including RRSPs, TFSAs, RRIFs, DPSPs, LIFs, LRIFs, PRIFs and RESPs. Canadian residents or Canadian-registered businesses may purchase the account within a "Nominee Name" account, which is a trust account offered through their financial advisor (chequing, ABM withdrawals, debit purchases and client-initiated online transactions cannot be done).

To top

Deposit and withdrawal options for business accounts

You have a number of choices for making deposits and withdrawals with these high-interest accounts. This chart outlines what you can do with your Canadian and U.S. dollar Business Advantage Accounts. For the fees associated with these services, visit the "Service charges for deposit accounts and lines of credit" page.

Making deposits to your account	Business Advantage Account	$US Business Advantage Account
Online transfers from other Canadian financial institutions.	*	*
Telephone system (IVR) transfers or with the help of a Banking Service Representative from other Canadian financial institutions.	*	*
Send us a cheque payable to the account holder, with the destination account number written on the back.	*	*
Use special deposit slips at a Royal Bank branch.	*
Withdrawing from your account	Business Advantage Account	$US Business Advantage Account
Online transfers to other Canadian financial institutions.	*	*
Telephone system (IVR) transfers or with the help of a Banking Service Representative to other Canadian financial institutions.	*	*
Pay bills online.	*
Pay bills over the phone.	*
Set up pre-authorized bill payments.	*
Write a cheque.	*

When making online transfers and writing cheques, the currency must be consistent. Transfers may be between two Canadian-dollar accounts or between two U.S.-dollar accounts only. Cheques from a U.S.-based financial institution will be subject to a 30-day holding period.

¹ The variable rate of interest is applied to all funds in the account. Interest is calculated on the total daily closing balance and paid monthly. Rate is subject to change. Manulife Bank's posted deposit rates are good for new initial deposit amounts of up to $2 million. For amounts greater than $2 million or for more information, please contact Manulife Bank at 1-877-765-2265 or (fax) 1-877-565-2265.

To top