Manulife Bank Transit Number — Institution 540 Direct Deposit Guide

Quick Answer: Manulife Bank Institution Number

Institution Number

540

Same for all branches nationwide

SWIFT / BIC

MANUCAT2

International wire transfers

💡 For digital banks like Manulife Bank: Your transit number is tied to the virtual branch where your account is held — always find it via the app or online banking, not from this guide, as it may be account-specific.

Transit Number Reference

Manulife Bank operates without traditional branches — all banking is digital or through advisors. Your transit number is provided through the Manulife Bank app or your account documentation. All accounts use institution 540.

City / Branch Area	Transit # (5-digit)	Institution #	EFT Format	MICR Cheque Format
Virtual / Advisor-distributed (all accounts)ON	09200	540	54009200	009200540
Manulife One (all-in-one account)ON	09200	540	54009200	009200540
Manulife HELOC (home equity line)ON	09200	540	54009200	009200540

About Manulife Bank of Canada

Manulife Bank was founded in 1993 as a subsidiary of Manulife Financial, one of Canada's largest insurance companies. Its original mandate was to provide banking services that complement Manulife's insurance and investment products.

Manulife Bank is best known for its 'Manulife One' product — an all-in-one account that combines a chequing account, savings, and a home equity line of credit (HELOC) that automatically sweeps funds to minimize mortgage interest. Institution number 540 applies to all Manulife Bank products. Unlike traditional banks, Manulife Bank primarily reaches customers through financial advisors rather than branches or self-directed online applications.

Key Fact: Manulife Financial, Manulife Bank's parent, is one of the largest life insurance companies in the world with operations across 13 countries and over 38 million customers globally.

EFT vs Interac vs Wire — Which Number Do You Need?

Transfer Type	Needs Transit #?	Speed	Best For
EFT / Direct Deposit	✅ Yes	1–3 business days	Payroll, government deposits, bill payments
Interac e-Transfer	❌ No	Minutes	Person-to-person, small amounts
Domestic Wire	✅ Yes + account	Same day	Large amounts, real estate, urgent
International Wire	SWIFT code instead	1–5 business days	Cross-border transfers

FAQ — Manulife Bank

What is Manulife Bank's institution number?

Manulife Bank's institution number is 540. All Manulife Bank products — including Manulife One, the regular chequing account, and HELOC accounts — use this institution number. The transit number is typically 09200, but always confirm through the Manulife Bank app or your account documents.

What is Manulife One and how does direct deposit work with it?

Manulife One is Manulife Bank's flagship all-in-one account that combines a chequing account, savings, and HELOC into a single vehicle. Direct deposit works exactly as with a regular bank account — provide your employer or payroll system with institution 540 + transit 09200 + your account number. Deposits automatically reduce your HELOC balance, lowering interest costs.

Does Manulife Bank have physical branches?

No — Manulife Bank operates without traditional branches. Products are distributed through Manulife financial advisors, mortgage brokers, and the Manulife Bank digital platform. Customer service is handled by phone and online banking. For in-person help, your Manulife advisor is the primary contact.

How do I get a void cheque from Manulife Bank?

Log into Manulife Bank's online banking or app, navigate to your account, and request a direct deposit form or void cheque image. The document will include your transit (09200 in most cases), institution (540), and account number in MICR format.

Is Manulife Bank's CDIC protection the same as a regular bank?

Yes — Manulife Bank is a federally chartered Schedule I bank, and deposits are protected by CDIC up to $100,000 per depositor category, the same as RBC, TD, or any other Schedule I bank. The CDIC protection is independent of Manulife Financial's insurance products.

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