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Why you should consider in 2019

The Manulife One Account

About Manulife One

Manulife One simplifies your banking by combining your mortgage, personal loans and lines of credit with your income and short-term savings into one, easy-to-manage account. The more money you deposit into your account, the less you’ll pay in interest charges – and the faster you’ll pay down your debt.

What Happens Each Month

Money Flows In

Every deposit you make reduces your debt until you withdraw money, up to your borrowing limit. You have several easy, convenient ways to deposit money into your account.

  • Have your income automatically deposited.
  • Use our mobile banking app to deposit cheques.
  • Use an automated bank machine (ABM).
  • Transfer money from an account at another Canadian financial institution.Q Accept Interac e-Transfers.
  • Mail us a cheque that’s payable to you.
  • Use deposit slip with an RBC Royal Bank teller.
Money Flows Out

Whether you want to make a purchase or you need to cover your living expenses, you always have easy access to the money in your account.

Here’s how you can make withdrawals when you need to:

  • Find an ABM.
  • Write a cheque.
  • Make a debit purchase.
  • Make a pre-authorized payment.
  • Transfer funds to an account at another Canadian financial institution.
At The End Of The Month

An interest charge is calculated on your closing account balance each day. Then, on the last day of the month the net interest amount is either debited from or credited to your account. Your monthly account fee is also debited from your account on the last day of the month.

Your monthly account statement includes these details. You can view your account statement by signing into online banking.

Talk to a Homefund Mortgage Broker today and find out if a Manulife One Account is the right option for you