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Daily withdrawal/transaction limits ATM withdrawals: $1,200/day. Point of sale/Interac Debit transactions, including in-store cash back: $3,000/day. Outgoing transfers: $50,000. Interac e-Transfer: $3,000/transfer, $3,000/day, $10,000/week, and $20,000/month.
Withdrawals can either be in the form of cash (provided savings are not locked-in), or a transfer to an external RRSP.
Withdrawal depends on the type of policy you have. Withdrawal from Dividends and Paid-up addition will be applicable to traditional life products, while the Withdrawal from variable life funds will be used for variable life products.
Take money out of your plan by cheque or by direct deposit to your bank account. If your plan lets you withdraw online, you can take $10,000 or less. For more, use a form.
LEGAL. Upon discharge of a mortgage associated with Manulife Bank, a discharge preparation fee applies. This fee is $375 and is subject to change and provincial regulations.
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People also ask

Withdrawal. Take money out of your plan by cheque or by direct deposit to your bank account. Otherwise. Fill out a request for withdrawal form. Direct transfer to another plan at Manulife. Direct transfer to another financial institution. Online. Mail. Fax.
Withdrawal fee (equivalent to the redemption fee) If your employer allows withdrawals, your first withdrawal in a calendar year is free, and you pay a fee of $25 per subsequent withdrawal.
When we receive a withdrawal request in good order, we process it right away. You will receive your withdrawal by Electronic Funds Transfer (EFT) within 3-5 business days. If youre not set up for EFT, well write you a cheque and send it by regular mail.

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