BMO Accounts

by Anshul
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Premium Chequing Account – Apply Now
  • Monthly Fees: $0* or $30.95 (*No fee with a minimum monthly balance of $6,000)
  • Welcome Bonus: Up to $700 Cash Bonus available until March 2, 2026.
    • Step 1:
      • Earn $500 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by March 2, 2026. Complete two of the following by April 30, 2026:
        • Set up a recurring direct deposit of at least $500; and/or
        • Make two eligible online bill payments of at least $50 to different billers; and/or
        • Set up two eligible pre-authorized debits of at least $50 to different billers.
      • Step 2: (You must complete Step 1 to qualify for Step 2)
        • Earn Walmart Delivery Pass Subscription for up to 12 months when you open a Savings Amplifier Account by March 2, 2026, and deposit any amount by March 31, 2026. Then sign up for or update your existing Walmart Delivery Pass by April 30, 2026 (https://www.walmart.ca/en/dp/landing-page) and complete one action required.
        • Earn $150 when you open a Savings Amplifier Account by March 2, 2026 and complete the following:
          • Deposit a total $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the Savings Amplifier Account
          • After the initial 30-day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days.
      • Step 3: (You must complete Step 1 to qualify for Step 3)
        • My Financial Progress Offer Earn an extra $50 when you sign in to BMO Online Banking or BMO Mobile Banking to access My Financial Progress and complete the following:
          • Create one (1) Goal in My Financial Progress Plan by April 30, 2026
          • Go to the Planning Tab and apply one (1) Strategy to the plan by April 30, 2026
    • Perks and Benefits:
      • Unlimited Debit Transactions†
      • Unlimited INTERAC e-Transfer Transactions†
      • Unlimited free Global ATM withdrawals†
      • No-fee Global Money Transfer†
      • No Overdraft Protection fee†
      • Up to $150 rebate on annual fee for eligible credit cards†
      • OnGuard Identity Theft Protection Included†
      • No-fee daily banking with Family Bundle†
      • Canadian dollar and US dollar chequing and saving accounts at no cost†

When opening a BMO Premium Chequing account or switching to one, it’s important to ensure you meet the eligibility criteria to receive the promotional bonuses. If you qualify, the chequing and My Financial Progress cash bonus will be credited to your account by May 29, 2026 and the Savings cash bonus will be credited by July 31, 2026. Note that if you already have a BMO chequing account, or if you closed one between November 4, 2024, and March 2, 2026, you won’t be eligible for this promotion. Additionally, for the bill payments requirement, each payment must be made to a different biller account number — for example, paying the same phone bill twice won’t count.

* A detailed list of benefits and perks of the account is listed here 

a blue credit card with a popsicle and a yellow and red sign

Performance Chequing Account – Apply Now 
  • Monthly Fees: $0* or $17.95 (*No fee with a minimum monthly balance of $4,000)
  • Welcome Bonus: Up to $700 Cash Bonus available until March 2, 2026
    • Step 1:
      • Earn $500 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by March 2, 2026. Complete two of the following by April 30, 2026:
        • Set up a recurring direct deposit of at least $500; and/or
        • Make two eligible online bill payments of at least $50 to different billers; and/or
        • Set up two eligible pre-authorized debits of at least $50 to different billers.
      • Step 2: (You must complete Step 1 to qualify for Step 2)
        • Earn Walmart Delivery Pass Subscription for up to 12 months when you open a Savings Amplifier Account by March 2, 2026, and deposit any amount by March 31, 2026. Then sign up for or update your existing Walmart Delivery Pass by April 30, 2026 (https://www.walmart.ca/en/dp/landing-page) and complete one action required.
        • Earn $150 when you open a Savings Amplifier Account by March 2, 2026 and complete the following:
          • Deposit a total $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the Savings Amplifier Account
          • After the initial 30-day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days.
      • Step 3: (You must complete Step 1 to qualify for Step 3)
        • My Financial Progress Offer Earn an extra $50 when you sign in to BMO Online Banking or BMO Mobile Banking to access My Financial Progress and complete the following:
          • Create one (1) Goal in My Financial Progress Plan by April 30, 2026
          • Go to the Planning Tab and apply one (1) Strategy to the plan by April 30, 2026
    • Perks and Benefits:
      • Unlimited Debit Transactions†
      • Unlimited INTERAC e-Transfer Transactions†
      • 1 Canadian withdrawal included per month, then $2 each in Canada, $5 each outside of Canada†
      • No-fee Global Money Transfer†
      • Up to $40 rebate on annual fee for eligible credit cards†
      • OnGuard Identity Theft Protection Included†
      • No-fee daily banking with Family Bundle†
      • Canadian dollar and US dollar chequing and saving accounts at no cost†

When opening a BMO Performance Chequing account or switching to one, it’s important to ensure you meet the eligibility criteria to receive the promotional bonuses. If you qualify, the chequing and My Financial Progress cash bonus will be credited to your account by May 29, 2026 and the Savings cash bonus will be credited by July 31, 2026. Note that if you already have a BMO chequing account, or if you closed one between November 4, 2024, and March 2, 2026, you won’t be eligible for this promotion. Additionally, for the bill payments requirement, each payment must be made to a different biller account number — for example, paying the same phone bill twice won’t count.

* Terms and conditions apply. A detailed list of benefits and perks of the account is listed here.