Best Bank of Montreal Chequing Accounts in Canada - October 2026

With the BMO Privilege Chequing Account, you can get up to $900 in cash* and up to 12 months of Walmart Delivery Pass subscription*:

• $700 for opening a BMO Performance or Premium Chequing Account by November 2, 2026, setting up a recurring direct deposit of $500 or more by December 31, 2026, and completing eligible banking activities.
• $150 for opening a Savings Amplifier Account by November 22, 2026 with a deposit of $10,000 or more within 30 days of opening the account and maintaining an eligible balance to receive the promotional interest rate of 5.00%.
• An additional $50 by creating a goal and applying a strategy in My Financial Progress by December 31, 2026.
• Up to 12 months of Walmart Delivery Pass subscription when you open and fund an eligible BMO account and use your debit card as the payment method.

Also enjoy a 5.00% promotional interest rate with a BMO Savings Amplifier Account.*

Plus, enjoy:

• Unlimited ATM withdrawals at other financial institutions worldwide*
• A discount of up to $150 on annual fees, every year, for an eligible BMO credit card*
• A preferred exchange rate on US dollars when you transfer funds between your Canadian and US dollar accounts (in both directions)*

Get all of this for a fee of $30.95 per month—or no monthly fee if you maintain a minimum balance of $6,000*.

With the BMO Performance Chequing Account, you can get up to $900 in cash* and up to 12 months of Walmart Delivery Pass subscription*:

• $700 for opening a BMO Performance or Premium Chequing Account by November 2, 2026, setting up a recurring direct deposit of $500 or more by December 31, 2026, and completing eligible banking activities.
• $150 for opening a Savings Amplifier Account by November 2, 2026 with a deposit of $10,000 or more within 30 days of opening the account and maintaining an eligible balance to receive the promotional interest rate of 5.00%.
• An additional $50 by creating a goal and applying a strategy in My Financial Progress by December 31, 2026.
• Up to 12 months of Walmart Delivery Pass subscription when you open and fund an eligible BMO account and use your debit card as the payment method.

Also enjoy a promotional interest rate of 5.00% with a BMO Savings Amplifier Account.

Other Benefits:

• Unlimited banking transactions*
• Family members in your household get no fee daily banking with the BMO Family Bundle*
• Up to $40 rebate for eligible BMO credit cards*
• OnGuard^®† Identity Theft Protection at no charge*

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

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. Enjoy free access to BMO ATMs and unlimited Interac e-Transfers.

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

The BMO Plus Chequing Account includes up to 25 eligible transactions per month, including Interac e-Transfers. These share the same monthly allowance; additional transaction fees may apply when you exceed it.

The monthly fee is $12.95, waived when you maintain a minimum daily balance of $3,000 throughout the calendar month. Access your account through online and mobile banking and use BMO ATMs without a BMO withdrawal fee, within your plan’s transaction allowance.

Non-BMO ATM withdrawals cost $2 each in Canada and $5 each outside Canada, including the United States. ATM operator fees may also apply. Standard overdraft protection is available for $5 per month, subject to approval and applicable interest. The standard overdraft monthly fee does not apply to Quebec residents.

With the BMO Student Performance Chequing Account, students can enjoy a bank account with no monthly fees while studying and for up to one year after graduation.

Right now, students get up to $800 in value, including a $200 tech reward from Best Buy.

Plus, enjoy:

• Unlimited transactions and Interac e-Transfer^® transactions*
• Up to $40 rebate for eligible BMO credit cards*
• Enjoy no monthly plan fees while in school and up to one year after graduation.

With the BMO Newcomers Performance Chequing Account, you can get up to $900 welcome bonus* and up to 12 months of a Walmart+ membership*:

• $700 for opening a BMO Performance or Premium Plan chequing account by November 2, 2026, setting up a recurring direct deposit of $500 or more by December 31, 2026, and completing eligible banking activities.
  • You must complete Step 1 to be eligible for Step 2.*
  • Complete one of the following by December 31, 2026*:
    • make two (2) bill payments of at least $50 to two (2) different payees through BMO Online Banking or the BMO Mobile Banking app;
    • set up two (2) automatic payments of at least $50 to two (2) different payees.
• $150 for opening a Savings Amplifier Account by November 2, 2026 with a deposit of $10,000 or more within 30 days of opening the account, and maintaining an eligible balance to receive the 5.00% promotional interest rate.
  • Maintain a daily closing balance of $10,000 or more for 120 calendar days from the deposit date to receive the promotional interest rate of 5.00% 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 be eligible for the $150 cash bonus.
• An additional $50 by creating a goal and applying a strategy in My Financial Progress by December 31, 2026.
• You must complete Step 1 to be eligible for Step 3.*
• Up to 12 months of Walmart+* when you open and fund an eligible BMO account and use your debit card as the payment method on Walmart.ca.
  • Open and fund a new BMO Performance, Premium, Practical, or Plus chequing account by November 2, 2026.
  • Subscribe or update your existing Walmart+ membership by December 31, 2026, and select the debit card as the payment method.

Also enjoy a promotional interest rate of 5.00% with a BMO Savings Amplifier Account*.

Plus, enjoy:

• Unlimited everyday banking transactions*
• Up to $40 rebate* on eligible BMO credit cards
• Send BMO Global Money Transfer with no fee*: send funds quickly and securely in multiple currencies to nearly 50 destinations.

With the BMO Performance Plan Chequing Account, you can manage your personal finances without monthly plan fees:

• Save up to $491 a year with a Performance Plan chequing account
• Unlimited number of everyday banking transactions*
• Up to $40 rebate for eligible BMO credit card*
• No-Fee BMO Global Money Transfers: Send funds quickly and securely to 70 destinations in multiple currencies.
• No monthly fees