Manulife Bank announced on June 10 the launch of its new digital All-In Banking Package, which the bank says is aimed at helping Canadians develop better financial habits and improve their financial wellbeing.
The All-In Banking Package “wraps innovative saving and daily banking tools, personalized insights, and a virtual financial assistant into a simple and clear mobile experience,” stated Manulife Bank in an announcement.
The banking package includes: an unlimited transaction, everyday bank account; a high-interest savings account; no-fee cash back credit card and travel insurance.
The package costs $10 per month or customers can have this fee waived entirely by increasing their savings by $100 in any one month, says Manulife Bank.
"There are thousands of financial products and hundreds of voices out there telling Canadians what to do with their money," said Rick Lunny, President and CEO, Manulife Bank. "There is frustration with lack of transparency, high fees and minimum balances. Customers are demanding clarity, simplicity and value from their bank that goes beyond just a simple chequing or savings account. That's what we deliver with the Manulife All-In Banking Package."