Shrink your mortgage.

Deposit your income. You could potentially save thousands!

Ready to shrink your Manulife One debt and interest charges? Here’s how it works:

With Manulife One, you only pay interest on what you owe at the end of each day. If your goal is to shrink your debt and pay less interest, you can use your income to help keep the outstanding balance in your main account as low as possible for as many days of the month as possible.

It’s easy. Simply have your recurring income deposited directly into your Manulife One account. The longer every dollar of your income stays in your main account, the lower your debt and interest charges will be!

Get started:

In many cases, you can set up a direct deposit of your regular income into your Manulife One account by following these three quick steps:
 

  1. Sign in to your account and print a void cheque.
  2. Download this direct deposit form (PDF).
  3. Submit both to your income provider, which could be your employer, pension provider or benefits provider.

Once the change is processed by your income provider, you’ll start shrinking your debt and interest charges every time you get paid. It's as easy as that!

Exclusive offer:


Deposit your income. Walk away with $350!*
Because your Manulife One is the all-in-one mortgage, line of credit and bank account, every dollar of income you deposit instantly goes to work to help reduce your daily interest and debt. And, when you set up your recurring income to be direct deposited into your Manulife One account before February 28, 2023, you could be eligible to receive a cash bonus of $350.


Want even more tips on how to make the most of your Manulife One account? Watch this video:

How to pay off your mortgage faster - Manulife One from Manulife Bank

Download a transcript (PDF)

Ready to get started?

Sign into your account
  • During November 22, 2022 to February 28, 2023, you may qualify for a Cash Bonus of $350 when you add a new automated and recurring eligible direct deposit of income to your Manulife One account.
  • One (1) Cash Bonus deposit is available per eligible account. To qualify, you must have received an email invitation directly from Manulife Bank. Your Manulife One account must be active and in good standing during the offer period and at the time the Cash Bonus is to be deposited. The account must receive the direct deposit income within the offer period and it must continue for at least two (2) consecutive calendar months thereafter. The new direct deposit income must total a minimum of $2,500 each month and must recur weekly, bi-weekly, monthly, or twice per month. Employees of Manulife Bank and its subsidiaries are not eligible. Other conditions apply. Please see full terms and conditions here (PDF).
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    © 2022 The Manufacturers Life Insurance Company. All rights reserved.
    Accessible formats and communication supports are available upon request. Visit manulife.ca/accessibility for more information.