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BMO Performance Chequing Account for Newcomers

Special Offer

Up to $700 in welcome bonus*

Account Type

Chequing account

Public

Newcomers

Monthly Fee

$0

No plan fees for one year

See all accounts from BMO

Updated Dec 9, 2024

Offer

Earn up to $700 welcome bonus* when you open a chequing account:
- Earn $450 when you open a BMO Performance or BMO Premium Chequing Account and make a deposit of any amount by March 3, 2025.
- Earn $200 when you open a Savings Builder Account and make a deposit of $10,000 or more by March 3, 2025, and maintain this balance at all times until March 31, 2025.
- Earn an extra $50 when you invite a family member as part of a BMO Family Bundle and have them open their account by March 3, 2025.
Get a promotional interest rate of up to 4.75% when you add a Savings Builder Account.
No monthly plan fees for one year*
Protect your documents in a safety deposit box and get a $60 cash bonus
Unlimited transactions*
Get accounts for family members without paying an additional monthly fee
Up to $40 rebate on the annual fee for eligible BMO credit cards
OnGuard®† Identity Theft Protection at no charge

Fees

Account Name BMO Performance Chequing Account for Newcomers

Public Newcomers

Special Offer Up to $700 in welcome bonus*

Monthly Fee $0

Monthly Fee Waiver (Details) No plan fees for one year

Unlimited Transactions

Overdraft protection monthly fee $5

eStatement

Statement by mail $2

ATM Withdrawals per month 1

ATM Fee (Institution) $2

ATM Fee (International) $5

Insufficient fund fee $5

Bank draft cost $9.95

Interac e-Transfer Unlimited

Credit Card Rebate $40

Our review

With the BMO Performance Chequing Account for Newcomers, you can earn up to $700 in cash bonus:

450 for opening a Performance or Privilege account with a deposit before March 3, 2025.
$200 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!

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