BMO Chequing

by Anshul & Rachel Yuan
a blue credit card on a table
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 $1100 Cash Bonus available until March 1, 2027*, plus a Walmart+ membership for up to 12 months*
    • Step 1 – Chequing Account Offer:
      • Earn $800 when you open a new BMO Performance or Premium Plan Chequing Account by March 1, 2027.
      • Complete the following criteria by April 30, 2027:
        • Set up a recurring direct deposit of at least $500, with the first deposit appearing by April 30, 2027.
        • Complete one of the following by April 30, 2027;
          • Make two eligible online bill payments of at least $50 to two different payees; and/or
          • Set up two eligible pre-authorized debits of at least $50 from two different payees.
    • Step 2 – Savings Account Offer:
      • Earn $200 when you open a Savings Amplifier Account by March 1, 2027
      • Complete the following:
        • Deposit $10,000 or more within 30 days of opening the account
        • Maintain a daily closing balance of $10,000 or more for 120 calendar days from the date of deposit to earn the 5.00% promotional interest rate** on balances up to $1,000,000;
        • After the initial 120-day promotional period, continue to maintain a daily closing balance of $10,000 or more for an additional 90 calendar days to qualify for the $200 cash bonus.

          You must complete Step 1 to qualify for Step 2

    • Step 3 – Credit Card Offer:
    • Earn $100 when you:
      • Open a Chequing Account in a Performance, Premium or Practical Plan and make any deposit by March 1, 2027
      • Open a Savings Amplifier Account and make any deposit within 30 days of opening your Chequing Account
      • Apply for and be approved for an Eligible Credit Card within 30 calendar days of opening your Chequing Account.
      • Plus, pay no annual fee in your first year
  • Walmart+ membership for 12 months* when you:
    • Open and fund a new Performance, Premium, Practical and Plus chequing account by March 1, 2027.
    • Sign up for or update your existing Walmart+ membership by April 30, 2027. You’ll have to select Debit Mastercard as the payment option and enter your new BMO debit card number
  • Account features:
    • Get accounts for family members without paying an additional fee*
    • Get a promo interest rate when you add a Savings Amplifier Account*
    • Up to $150 rebate on the annual fee for an eligible BMO credit card*
    • Preferred U.S. foreign exchange rate*
    • Unlimited transactions and worldwide for non-BMO ATM withdrawals at no cost*
    • OnGuard®† Identity Theft Protection Included†*
    • No-fee Global Money Transfer transactions to up to 50 countries*

If you meet the eligibility criteria, the Chequing Account and Savings Account cash bonus will be credited to your account by October 30, 2027. The Credit Card cash bonus will be credited by June 30, 2027. Unfortunately, if you already have a chequing account with us from November 3, 2025 to March 1, 2027, you are not eligible for this promotion. If you close your account before March 1, 2028, you will not be eligible for this promotion. Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill, it has to be paid to different account numbers to be counted as 2 different bill payments.

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

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 $1100 Cash Bonus available until March 1, 2027*, plus a Walmart+ membership for up to 12 months*
    • Step 1 – Chequing Account Offer:
      • Earn $800 when you open a new BMO Performance or Premium Plan Chequing Account by March 1, 2027.
      • Complete the following criteria by April 30, 2027:
        • Set up a recurring direct deposit of at least $500, with the first deposit appearing by April 30, 2027.
        • Complete one of the following by April 30, 2027;
          • Make two eligible online bill payments of at least $50 to two different payees; and/or
          • Set up two eligible pre-authorized debits of at least $50 from two different payees.
    • Step 2 – Savings Account Offer:
      • Earn $200 when you open a Savings Amplifier Account by March 1, 2027
      • Complete the following:
        • Deposit $10,000 or more within 30 days of opening the account
        • Maintain a daily closing balance of $10,000 or more for 120 calendar days from the date of deposit to earn the 5.00% promotional interest rate** on balances up to $1,000,000;
        • After the initial 120-day promotional period, continue to maintain a daily closing balance of $10,000 or more for an additional 90 calendar days to qualify for the $200 cash bonus.

          You must complete Step 1 to qualify for Step 2

    • Step 3 – Credit Card Offer:
      • Earn $100 when you:
        • Open a Chequing Account in a Performance, Premium or Practical Plan and make any deposit by March 1, 2027
        • Open a Savings Amplifier Account and make any deposit within 30 days of opening your Chequing Account
        • Apply for and be approved for an Eligible Credit Card within 30 calendar days of opening your Chequing Account.
        • Plus, pay no annual fee in your first year
  • Walmart+ membership for 12 months* when you:
    • Open and fund a new Performance, Premium, Practical and Plus chequing account by March 1, 2027.
    • Sign up for or update your existing Walmart+ membership by April 30, 2027. You’ll have to select Debit Mastercard as the payment option and enter your new BMO debit card number
  • Account features:
    • Get accounts for family members without paying an additional monthly fee*
    • Get a promo interest rate when you add a Savings Amplifier Account*
    • Up to $40 rebate on the annual fee for an eligible BMO credit cards*
    • Unlimited transactions*
    • OnGuard®† Identity Theft Protection Included†*
    • No-fee Global Money Transfer transactions to up to 50 countries*

If you meet the eligibility criteria, the Chequing Account and Savings Account cash bonus will be credited to your account by October 30, 2027. The Credit Card cash bonus will be credited by June 30, 2027. Unfortunately, if you already have a chequing account with us from November 3, 2025 to March 1, 2027, you are not eligible for this promotion. If you close your account before March 1, 2028, you will not be eligible for this promotion. Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill, it has to be paid to different account numbers to be counted as 2 different bill payments.

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