Simplify my banking
The traditional approach to money management means that each month your income goes into a chequing account and, from there, you pay bills, cover living expenses and meet any investment plans. When there’s money left over, you put it into a savings account.
That seems fairly simple but then there are your borrowing needs. This can include a mortgage, a line of credit, a car loan, and for the convenience of not carrying cash you probably have at least one credit card. Each one needs to be paid, at least in part, each month. You may even have to pull money back out of your savings to cover an unexpected expense or your monthly bills.
With the traditional approach, money management can be very complicated and expensive.
Manulife One: simple and sensible
With an all-in-one borrowing and chequing account, things are different.
Your debt is consolidated into one account at a competitive low rate(s). Your income and savings are also deposited into this all-in-one account which should immediately lower your debt and, consequently, the amount of interest you pay.
Accessing your account is easy. You live out of your account, by using cheques, a debit card and, Internet and telephone banking and our rewards program credit card. With an all-in-one account, you have a clear financial picture and that can help you save money. You will also receive a clear, comprehensive statement of your account mailed to you each month.
Interest is calculated daily. At the end of each month, you are charged the accumulated interest for the month – you only pay interest on what you owe on each day. Manulife One could save you thousands by putting your money to work… for you. Can it get any simpler?