Manulife Bank Business Account

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Manulife Bank

The Manulife Bank, was created in 1993 to offer banking solutions to Canadian customers as a subsidiary of Manulife Financial. Today, the bank has become a top provider of innovative banking solutions, focusing on delivering exceptional customer service and personalized financial advice. With an expanding network of branches and ATMs nationwide, Manulife Bank continues to expand its product offerings, enabling customers to manage their finances effectively and achieve their financial objectives.

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How To Open a Business Account with Manulife Bank?

Unlike most banking institutions in Canada, opening a business account in Manulife requires you to contact a representative/advisor, personally. Here are some tips to help you:

In Manulife Bank Business Banking, you can choose whether to open a High-Interest Savings Account or a US Dollar High-Interest Savings Account.
After choosing the right account, you will be asked a preferred location to visit.
An advisor will contact you to talk about your business's needs. After that, they will recommend the best packages/deals you can avail of.
In addition, you may also be asked for some documents to verify and assess your business.
Note that you can call from Monday to Friday from 8 am to 8 pm and Saturday to Sunday from 9 am to 5 pm.

Eligibility

Anyone with a business operation in Canada can inquire about their eligibility for a business account in Manulife Bank. However, requirements and processes can vary if you're a non-resident, as well as depending on the location of your business. For more details, you should contact a local representative/advisor.

Required Documentation

Documentation varies on the type of account, structure of business, and nature of your residency in Canada. Before opening an account, it's recommended that you prepare the following documents:

ID
Documents regarding your business's registration
Requirements can be different from one application to another. It's best to contact a local advisor near you.

Associated Fees

Here's a summary of fees that Manulife Bank charge to a business account:

High-Interest Account: 2.85% per dollar
USD High-Interest Account: 0.20% per dollar

Check the Remitbee Business Account!

With Remitbee, you can easily carry out your business's routine transactions hassle-free and affordable. Sign up for an account online and benefit from quick verification, allowing you to start making transactions immediately.

Moreover, Remitbee offers a highly favorable CAD-USD exchange rate and a nominal conversion fee ranging from 0.3% to 0.6%. As a result, customers can save up to $2,000. Discover the other benefits that Remitbee can offer to your business:

Send up to $100k
Transfer for free for transactions above $500
Instantly receive money
Competitive exchange rates
100% money-back guarantee.

Opening a Remitbee Business Account is hassle-free, like creating a personal account. All you need to do is provide evidence of your business account to authenticate your address. To learn more about setting up a business account on Remitbee, kindly visit this link.

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