BMO Performance Chequing Account for Newcomers

Offer

Newcomers can get up to $900* in bonus cash and up to 12 months of a Walmart+ membership*. Plus, they pay no monthly program fees for two years*.

Get up to $900* plus up to 12 months of Walmart+* when you meet the eligibility criteria.
Save $742.80 with no monthly fees for two years*
Get a $60 cash bonus when you rent a safety deposit box*
Send BMO Global Money Transfer with no fee*
No monthly plan fees for two years*
Unlimited 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*

Fees

Account Name BMO Performance Chequing Account for Newcomers

Public Newcomers

Special Offer Up to $900 in cash bonus*

Monthly Fee $17.95

Monthly Fee Waiver (Details) No monthly plan fees for two years*

Unlimited Transactions

eStatement

Credit Card Rebate $40

Our review

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 August 6, 2026, setting up a recurring direct deposit of $500 or more by September 30, 2026, and completing eligible banking activities.
- You must complete Step 1 to be eligible for Step 2.*
- Complete one of the following by September 30, 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 August 6, 2026 with a deposit of $10,000 or more within 30 days of opening the account, and maintaining an eligible balance to receive the 4.65% 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 4.65% 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 September 30, 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 August 6, 2026.
- Subscribe or update your existing Walmart+ membership by September 30, 2026, and select the debit card as the payment method.

Also enjoy a promotional interest rate of 4.65% 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.