Are self-employed

As a small business owner, you know the incredible value of an innovative idea that meets a widespread demand. Manulife One is a personal bank account that can enable you to meet your goals as an independent professional and address some of your most prevalent financial concerns. By enabling you to manage your personal finances efficiently and wisely, this account allows you to focus your energy on your business.

A smart and efficient use of your money

You know that using your money wisely to earn more will make you successful. This is the backbone of Manulife One’s innovative structure and why it is ideal for you. Manulife One combines your residential mortgage with your other debts, your chequing account and your short-term savings at one low rate, it uses your savings and income to reduce your debt. This can cut years off your debt repayment and save you thousands in interest in the process, making it a smart and efficient use of your money. Plus, while you’re using every dollar to reduce your debt immediately, you always have access to that money again when you need it, up to your borrowing limit.

The solution for variable income

Many independent business owners have a variable income – abundant one month, less so the next. However, most monthly expenses remain fairly consistent. This can mean that some months you’re finding creative solutions for meeting your financial needs – take a little out of this account, move it to that account until that payment comes in and then move it back and pay that bill a little later. This is added money management (and stress) you don’t need.

Because of its all-in-one design, Manulife One can even out your income stream and reduce the hands-on account management necessary each month.

Easy opening for small business owners

If you have successfully run your small business for at least two years, getting started with Manulife One is easy. If you have a good credit history and your income taxes are up-to-date, you could be eligible to borrow up to 65% of the appraised value of your home, without being asked to provide income verification or financial statements.

On your own terms

With Manulife One, you are the banker – you decide how much to borrow, up to your borrowing limit, and how quickly to repay your principal. Manulife One even allows you to track different portions of your debt separately with the sub-account feature. If you would like to make a significant purchase, outside of your monthly expenses, no need to apply for a loan. You simply write a cheque.