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 November 3, 2025.
    • Step 1:
      • Earn $500 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by November 3, 2025. Complete two of the following by December 31, 2025:
        • 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 $50 Walmart Canada eGift Card when you open a Savings Amplifier Account by November 3, 2025, and deposit any amount by November 28, 2025.
      • Earn $150 when you open a Savings Amplifier Account by November 3, 2025 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)
      • Earn an extra $50 when you invite a family member as part of a BMO Family Bundle and have them open their account by November 3, 2025.
  • Perks and Benefits:
    • Unlimited Debit Transactions†
    • Unlimited INTERAC e-Transferã 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 family bundle cash bonus will be credited to your account by January 30, 2026, the Walmart eGift card by February 27, 2026, and the Savings cash bonus will be credited by March 30, 2026. Note that if you already have a BMO chequing account, or if you closed one between October 1, 2024, and November 3, 2025, 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 

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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 November 3, 2025
    • Step 1:
      • Earn $500 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by November 3, 2025. Complete two of the following by December 31, 2025:
        • 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 $50 Walmart Canada eGift Card when you open a Savings Amplifier Account by November 3, 2025, and deposit any amount by November 28, 2025.
      • Earn $150 when you open a Savings Amplifier Account by November 3, 2025 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)
      • Earn an extra $50 when you invite a family member as part of a BMO Family Bundle and have them open their account by November 3, 2025.
  • Perks and Benefits:
    • Unlimited Debit Transactions†
    • Unlimited INTERAC e-Transferã 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 family bundle cash bonus will be credited to your account by January 30, 2026, the Walmart eGift card by February 27, 2026, and the Savings cash bonus will be credited by March 30, 2026. Note that if you already have a BMO chequing account, or if you closed one between October 1, 2024, and November 3, 2025, 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.