BMO: Get Up To $600 When Opening A BMO Banking Package

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Alexandrine Bertrand
Alexandrine Bertrand

Alexandrine Bertrand

Alexandrine Bertrand
A passionate solo traveler, Alexandrine is an expert on loyalty programs such as Aeroplan, Avios, AIR MILES, Flying Blue and Marriott Bonvoy. With a budget-conscious approach, she helps travelers maximize their points and miles for low-cost, off-the-beaten-path getaways. A food lover, she enjoys discovering the local flavors and culinary traditions that enrich her adventures.
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BMO Bank Accounts
To the point For a limited time, get up to a $600 cash bonus with certain BMO banking packages (chequing accounts)!

Are you looking for information on a BMO chequing account and want to know if BMO is the bank for you? In this guide, you will learn all about BMO:

Best BMO Bank Account Offers - Bank of Montreal

BMO offers several levels of chequing accounts with fixed monthly fees ranging from $0 to $30:

In addition, BMO offers the BMO Family Bundle. This package allows your loved ones to enjoy free everyday banking services: one household, one monthly fee!

BMO Performance Chequing Account

With the BMO Performance Chequing Account, you can earn up to a $600 cash bonus:

  • $400 for opening a Performance or Premium account with a deposit before March 3, 2025.
  • $150 for opening a Savings Amplifier Account with a deposit of $10,000 or more before March 3, 2025, and maintaining this balance for 90 days.
  • $50 to invite a family member to open an account before March 3, 2025.

Also enjoy a promotional interest rate of 4.75% with a BMO Savings Amplifier Account.

Other benefits :

  • Unlimited banking transactions
  • Up to $40 off annual fees on eligible BMO credit cards
  • Free money transfers to 50 countries

All for $17.95 a month, or free if you maintain a minimum balance of $4,000.

BMO Premium Chequing Account

With the BMO Premium Chequing Account, you can manage your finances easily and efficiently with BMO. Right now, you can get up to a $600 in cash bonus:

  • $400 for opening a Performance or Premium account with a deposit before March 3, 2025.
  • $150 for opening a Savings Builder Account with a deposit of $10,000 or more before March 3, 2025, and maintaining this balance until March 31, 2025.
  • $50 to invite a family member to open an account before March 3, 2025.

Also enjoy a promotional interest rate of 4.75% with a BMO Savings Amplifier Account.

In addition, you can benefit from:

  • Unlimited ATM withdrawals from other financial institutions worldwide
  • Up to $150 rebate on the annual fee for an eligible BMO credit card
  • Preferred U.S. foreign exchange rate when you transfer funds between your Canadian and U.S. dollar accounts (in both directions)

You can get it all for $30.95 a month—or no monthly fee if you maintain a minimum balance of $6,000.

BMO credit card online
BMO credit card

BMO Performance Chequing Account for Students

With the BMO Student Performance Chequing Account, you can save on your banking fees with BMO.

Right now, when you open a BMO Student Performance Chequing Account, you can get a $100 welcome bonus and 6 months of pizza from Domino’s!

In addition, you can benefit from:

  • Unlimited number of current banking transactions
  • Up to $40 off the annual fee for eligible BMO credit card
  • No monthly fees during your studies and up to one year after graduation

BMO Bank of Montreal Performance Chequing Account for Newcomers

With the BMO Performance Chequing Account for Newcomers, you can earn up to a $600 cash bonus:

  • $400 for opening a Performance or Premium account with a deposit before March 3, 2025.
  • $150 for opening a Savings Builder Account with a deposit of $10,000 or more before March 3, 2025, and maintaining this balance until March 31, 2025.
  • $50 to invite a family member to open an account before March 3, 2025.

You can also get up to a 5.50% promo interest rate when you add a BMO Savings Amplifier Account.

In addition, you can benefit from:

  • Unlimited number of current banking transactions
  • Up to $40 off the annual fee for eligible BMO credit card
  • No Fee Global Money Transfer: Send funds quickly and securely to up to 50 countries (regions) in multiple currencies.

Get it all at no cost for one year!

BMO Bank of Montreal Canadian Defence Community Banking - Performance Chequing Account

With the BMO Performance Chequing Account – Canadian Defence Banking, you can manage your personal finances with BMO at no monthly cost:

  • Save up to $491 a year with a Performance chequing account.
  • Unlimited number of current banking transactions
  • Up to $40 off the annual fee for eligible BMO credit card
  • No Fee Global Money Transfer: Send funds quickly and securely to up to 50 countries (regions) in multiple currencies.
  • No monthly fees

BMO Practical Chequing Account

Discover the BMO Practical Chequing Account, which is perfect for those who want to manage their finances without breaking the bank.

With a low monthly fee of $4, enjoy up to 12 transactions per month and reduced fees for additional transactions. Get free access to BMO ATMs and unlimited Interac transfers.

Easily manage your account with online banking and the mobile application. What’s more, optional overdraft protection and free direct deposits add to the convenience.

BMO Plus Chequing Account

Discover the BMO Plus Program Chequing Account, ideal for those who make up to 25 transactions a month.

For just $11.95 a month, enjoy unlimited Interac transfers, free access to BMO ABMs, and overdraft protection – or no monthly fee if you maintain a minimum balance of $3,000.

Manage your finances with ease with online banking and the mobile app. Moreover, take advantage of fee refunds for international transactions and free direct deposits.

BMO AIR MILES Chequing Account

With the BMO AIR MILES Chequing Account, you can earn AIR MILES Reward Miles with your banking transactions with BMO:

  • Earn 1 mile for every $30 in purchases made with your BMO Debit Card.
  • Earn 25 bonus miles every month if you are also a BMO® AIR MILES® World Elite®* Mastercard®* holder.
  • Unlimited number of transactions
  • Transfers Interac no charge

Get it all for $17.95 a month.

BMO Family Bundle

Bank of Montreal offers the BMO Family Bundle. Three steps to benefit from it:

  1. Open an eligible account (Performance or Premium)
  2. Invite a family member
  3. Ask him to complete the account opening

With the BMO Family Bundle, you get benefits for the whole family:

  • Save on banking fees: Since family members won’t have to pay monthly fees, the Family Bundle is a great way to save.
  • Unlimited No Fee Everyday Banking: You and your family can enjoy unlimited free transactions, including Interac e-Transfer transactions.
  • Private accounts: The accounts of each member remain confidential. You only have access to accounts registered in your name.

Our review on BMO

In Quebec and elsewhere in Canada, BMO offers many banking services for its customers. With a BMO Debit Card, you can access BMO Online Banking.

Other services are offered by BMO:

  • View your BMO chequing or savings accounts online
  • Manage your BMO loans and mortgages online
  • BMO Smartphone Online Application for Smartphone to manage your accounts from anywhere
  • Sending money from your BMO Online Account with Interac
  • And more!

BMO’s online banking offer is complete, particularly in Quebec, with the presence of numerous BMO branches. This makes the Bank of Montreal an excellent choice.

BMO Bank Accounts
BMO

BMO's Online Services

As a BMO customer, you can enjoy many benefits:

  • 24/7 access to BMO Online Banking
  • Online payments of your transactions and bills
  • Send money quickly to the person of your choice with an Interac e-Transfer
  • Receive government assistance in the BMO account of your choice with CRA Direct Deposit
  • Deposit cheques anywhere with the BMO mobile app
  • Download a sample BMO cheque
  • In the event of loss or theft, block, unblock or replace your credit card in your BMO Online Banking.

Also, be aware that BMO has special offers for newcomers, students, members of the Canadian Defence community, children and youth, seniors, and doctors and dentists.

Frequently asked questions about BMO

What's the difference between a chequing account and a BMO Savings Account?

A BMO chequing account is a type of bank account that allows you to deposit money (such as your paycheque, cheque or direct deposit) or make withdrawals for everyday expenses such as groceries, meals, gas and other essentials. You can also pay bills, make Interac transfers, withdraw money at the ABM and more.

A BMO Savings Account is a good place to put money aside to earn interest and grow over the long term. You can use it to weave a safety net or save for big expenses, like a well-deserved vacation.

How do I get my BMO debit card?

Your BMO Debit Card debit card is given to you when you open your chequing account. You’ll be able to set your personal Identification number (PIN) at the branch ABM. If there is no ABM at your branch, you will receive your card and PIN by mail.

I lost my BMO Debit Card: What do I do?

If your card is lost, stolen, misused or retained by an ATM, contact BMO immediately at 1-800-361-3361.

You can also report a lost or stolen card with BMO Banking:

  • Sign in to Online Banking.
  • Go to My Accounts and select the desired card from the left menu.
  • From the left menu, select Report a lost or stolen card .

Or with BMO mobile services:

  • Sign in to Mobile Services.
  • Select your credit card , then Manage credit card s on the credit card information page (gear icon).
  • Select Replace stolen or lost card .

How do I get a sample cheque from the Bank of Montreal?

There are two ways to get a free BMO cheque sample:

Write SPECIMEN across a cheque linked to your BMO account. If you do not have a paper cheque for your BMO personal account, you can download a digital copy in PDF format by following the steps below:

  • Click My Accounts.
  • Select your bank account.
  • Click Specimen Check.

Or simply complete the direct deposit form and send it to the payer.

Be sure to include a void cheque or your BMO account number, financial institution number and branch direct debit number. To find this information:

  • Click My Accounts.
  • Select your bank account. You will find this information in the blue section.

How do I contact the BMO?

You can reach BMO in a number of ways:

  • With secure messaging from your BMO Online Account
  • By visiting any BMO branch
  • By calling 1 877 225-5266

What are BMO's credit cards?

Bank of Montreal offers many credit cards. Check out our page dedicated to the best BMO credit card offers.

Come to discuss that topic in our Facebook Group!
Jean-Maximilien Voisine

Jean-Maximilien Voisine

Jean-Maximilien Voisine
Jean-Maximilien, President and Founder of Milesopedia, is a recognized expert in rewards programs, credit cards, and travel in Canada and France. Approaching forty and a father of two, he has travelled to over 100 countries, half of them with his children and his wife, Audrey. Specializing in top loyalty programs like Aeroplan, American Express Membership Rewards, and Marriott Bonvoy, he guides travellers to maximize their benefits across North America and Europe.
All posts by Jean-Maximilien Voisine

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