Manulife USD Account Overview

You can benefit from a great interest rate and no need to have a minimum balance. Keep reading to find out more!

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Manulife Bank USD Account
Manulife bank started the USD Advantage Account, which is available to Canadians with a USD at a Canadian Financial Institution. The account is for those with US dollars who want to earn interest and get attractive rates during currency exchange.

The account offers a reasonable interest rate but works differently than a regular USD account. Learn more about the account and how you can get maximum benefits.
How to Create a USD Account With Manulife USD

If you are not an existing client of Manulife bank, you will need to first register. Here is the procedure you will need to follow:

Step 1.
Fill in your name, date of birth, Social insurance number, and contact details.
Step 2.
You will then create a registration code.
Step 3.
The registration code will help you sign into online and mobile banking for the first time.

Key features


Opening a Manulife USD account means your dollars earn more money.

Here are some key features of this account:
  • ⬤ Keep the most of your interest earned as there are no fees.
  • ⬤ Not charged fees when you transfer money from your USD account to another Canadian bank and deposit it to Manulife USD.
  • ⬤ No charges when you mail a USD cheque from another Canadian bank.
  • ⬤ No charges when you transfer money to your USD account in another Canadian bank.

    • Monthly Fees & Interest Rate & Minimum Balance


    Monthly fees:

    No monthly fees.

    Interest rate:

    An interest rate of $0.20% on every dollar deposited into the account.

    Minimum Balance:

    No minimum balance.

    Offers


    If you have excess money in your dollar account or would like to earn good interest, transfer them to your Manulife USD Advantage Account.

    You also enjoy some great benefits, as you shall see below:
  • ⬤ You deposit money into your account by transferring funds online or telephone banking from your other account or by emailing in a cheque.
  • ⬤ Withdraw your money by transferring it to another Canadian account online, via telephone banking, or via mobile.
  • ⬤ Allows you to earn interest on your idle USD.
  • ⬤ Your money is eligible for coverage through Canada Deposit Insurance Corporation (https://www.canada.ca/en/financial-consumer-agency/services/banking/deposit-insurance.html)

    • Currency Exchange Using USD Account

    01
    Create your free account

    If you don’t have a RemitBee account, you’ll need to create one (https://www.remitbee.com/signup)

    Step 1 image
    02
    Go to the menu

    After signing up, go to the menu and select exchange currency. Enter the details of your currency exchange. You can move to the next step if no further verification is required.

    Step 2 image
    03
    Connect your accounts

    You can now link your CAD and Manulife USD account.

    Step 3 image
    04
    Confirm your details

    Choose the amount and confirm your exchange rate. The transaction occurs between the two accounts via EFT.

    Step 4 image
    05
    You’re almost done!

    Convert your money.

    Step 5 image

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