Your complete guide to Manulife wire transfers in Canada

Manulife Bank, Canada’s first branchless bank¹, has been helping customers manage their finances since 1993. Manulife offers wire transfers for moving large sums of money domestically and internationally. Like many wire transfer services, they can be pricey, with hidden fees and lengthy processing times adding to the frustration.

In this article, we’ll help you learn how to make and receive your first transfer with Manulife and see if Wise could be a better option for you. Always get minimal transfer fees and the mid-market exchange rate with Wise.

How to send a wire transfer with Manulife from Canada

You can send a wire transfer through the Manulife Bank mobile app - up to $50,000 CAD per transfer² ; or by calling 1-877-765-2265². Follow these steps to get started:

Option 1. Sending wire transfers within Canada

Log in to your Manulife Bank mobile app or call 1-877-765-2265 and provide the following details:

• Your Manulife Bank account number, transfer amount, currency (CAD), and reason for the transfer.
• Recipient’s name, address (no P.O. boxes), relationship to you, and phone number (if available).
• Recipient’s bank name, address (no P.O. boxes), account number, institution number, and transit number.

Option 2. Sending wire transfers to the United States

Log in to the Manulife Bank mobile app or call 1-877-765-2265 and provide the following details:

• Your Manulife Bank account number, transfer amount, currency (USD), and reason for the transfer.
• Recipient’s name, address (no P.O. boxes), relationship to you, and phone number (if available).
• Recipient’s bank name, address (no P.O. boxes), account number, and ABA routing number or SWIFT code.
• If applicable, intermediary bank details, including name, address, and SWIFT or ABA code.

Option 3. Sending wire transfers to other countries

Log in to the Manulife Bank mobile app or call 1-877-765-2265 and provide the following details:

• Your Manulife Bank account number, transfer amount, currency, and reason for the transfer.
• Recipient’s name, address (no P.O. boxes), relationship to you, and phone number (if available).
• Recipient’s bank name, address (no P.O. boxes), account number, and SWIFT or IBAN code.
• For country-specific requirements, include: CLABE (Mexico), Cuenta Cliente (Costa Rica), or Purpose Code (India)
• Intermediary bank details (if applicable), such as name, address, and SWIFT code.

Does Manulife have limits on sending wire transfers from Canada?

Manulife imposes a limit of $50,000 CAD per wire transfer³ when using the Manulife Bank mobile app. For higher amounts or more complex transactions, you can contact Manulife’s customer service directly at 1-877-765-2265.

Looking to send higher amounts without the extra hassle? Wise uses the mid-market exchange rate to send high amount transfers as well, with discounts in fees.

Meet Wise - your international money transfer alternative

If you want a cost-effective and flexible way to send money internationally, consider Wise. With Wise, you can send up to 1.5 million CAD using wire transfers, all at the mid-market exchange rate and with minimal fees starting from 0.48%⁴. What’s more, it’s completely free to open an account, and there are no monthly or annual fees. And thanks to transparent pay-as-you-use pricing, you’ll only pay for what you need.

With a Wise multi-currency account, you can:

• Send money to over 160 countries.
• Get account details in over 10 currencies, including CAD, USD, JPY and EUR.
• Use the Wise multi-currency card to spend like a local wherever you go—perfect for travel or everyday spending in Canada and abroad.

How to receive wire transfers with Manulife in Canada

Receiving a wire transfer into your Manulife Bank account⁵ requires specific details depending on the currency being transferred. Here’s what you need to do:

1. Receiving a wire transfer in Canadian dollars or any currency other than USD

Provide the following information to the sender:

• Bank ID Code: 00300002
• Beneficiary Bank Name: Royal Bank of Canada
• Beneficiary Bank Address: Main BR-Toronto, 200 Bay St-Main Floor, Toronto, ON, M5J 2J5
• Beneficiary Credit Account: 000021183326
• Beneficiary Account Name: Manulife Bank of Canada, 500 King St N, Waterloo, ON, N2J 4C6
• Beneficiary Bank Swift Code: ROYCCAT2
• Reason for Payment/Transfer: Include the purpose of the transfer
• Reference/Further Credit to: Client Name and Client Account at Manulife Bank

2. Receiving a wire transfer in US dollars

Provide the following information to the sender:

• Bank ID Code: 00300002
• Beneficiary Bank Name: Royal Bank of Canada
• Beneficiary Bank Address: Main BR-Toronto, 200 Bay St-Main Floor, Toronto, ON, M5J 2J5
• Beneficiary Credit Account: 000024026225
• Beneficiary Account Name: Manulife Bank of Canada, 500 King St N, Waterloo, ON, N2J 4C6
• Beneficiary Bank Swift Code: ROYCCAT2
• Correspondent Bank SWIFT Code: CHASUS33
• Correspondent Bank Name: JP Morgan Chase Bank NA
• Correspondent Bank Address: 270 Park Ave, New York, NY, USA
• Reason for Payment/Transfer: Include the purpose of the transfer
• Manulife Bank Client Name: Full account holder name
• Manulife Bank Account Number: Include your Manulife account number

You must also provide confirmation of the transfer amount, source of funds, and date of the wire either via fax to 1-877-565-2265 or by calling 1-877-765-2265.

What are the wire transfer fees at Manulife in Canada?

Here’s a breakdown of the fees⁶ for sending, receiving, and cancelling wire transfers with Manulife Bank, as well as costs related to currency conversion:

How long does a Manulife wire transfer take?

Manulife wire transfer times vary based on the location of the receiving financial. Here’s a breakdown of typical processing times⁷:

Once the wire transfer is complete, it will appear as a withdrawal in your account’s transaction history. If any issues arise with your transfer, Manulife will reach out to you at the phone number you provided.

Final thoughts on wire transfers with Manulife

Manulife Bank offers secure and straightforward wire transfer services, allowing you to send and receive large sums domestically and internationally. With options to handle transfers in Canadian dollars, U.S. dollars, and other foreign currencies, Manulife is a good choice for account holders with transfer needs. However, these services can come with significant fees, currency conversion markups, and longer processing times that may not suit every situation.

If you’re looking for an alternative, the Wise multi-currency account is an efficient and cost-effective way to send money to over 160 countries. With the mid-market exchange rate, minimal fees starting from 0.48%, and no hidden costs, Wise makes it easier to pay, get paid and manage your money globally.

Sources:

1. Manulife Bank
2. Manulife Bank
3. Manulife Bank
4. Wise
5. Manulife Bank
6. Manulife Bank
7. Manulife Bank
   Soures verified on 21 February 2025