BMO: Earn Up to $750 with a Chequing and a Savings Account

Updated Oct 1, 2025
Fact checked by
Alexandrine Bertrand
Alexandrine Bertrand Alexandrine Bertrand
An avid solo traveller, Alexandrine is an expert on loyalty programmes such as Aeroplan, Avios, AIR MILES, Flying Blue and Marriott Bonvoy. With a budget-conscious approach, she helps travellers make the most of their points and miles to experience affordable, off-the-beaten-path getaways. She also shares a love of gastronomy and enjoys exploring local flavours and culinary traditions.
All posts by Alexandrine Bertrand
BMO
To the point Until November 3, 2025, get up to a $700 bonus with select BMO banking plans (checking accounts), plus a $50 Walmart digital gift card.

Are you looking for information on a BMO chequing account and want to know if BMO is the bank for you? This guide will tell you all you need to know about BMO:

Best BMO Chequing Account Offers

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 $700 welcome bonus and receive a Walmart Delivery Pass for up to 12 months.

  • $500 for opening a Performance account with a deposit before March 2, 2026.
  • $150 for opening a Savings Amplifier Account before March 2, 2026 + a deposit of $10,000 or more within the first 30 days of account opening, and maintaining this balance for 90 days.
  • An additional $50 by accessing My Financial Progress and completing eligible activities before April 30, 2026.

Get a promotional interest rate when you add a Savings Amplifier Account*

Other Benefits:

  • Unlimited banking transactions
  • Up to $40 off annual fees on eligible BMO credit cards
  • Free money transfers to 70 destinations

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. Currently, you can get up to $700 as a welcome bonus and a Walmart Delivery Pass for up to 12 months:

  • $500 for opening a Performance account with a deposit before March 2, 2026.
  • $150 for opening a Savings Amplifier Account before March 2, 2026 + a deposit of $10,000 or more within the first 30 days of account opening, and maintaining this balance for 90 days.
  • An additional $50 by accessing My Financial Progress and completing eligible activities before April 30, 2026.

Get a promotional interest rate when you add a Savings Amplifier Account*

Plus, enjoy:

  • Unlimited ATM withdrawals from other financial institutions worldwide
  • A rebate of up to $150 on annual fees, each year, 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 Performance Chequing Account for Students, you can save on your banking fees with BMO.

Right now, by opening a BMO Performance Student Chequing Account, you can get up to $175 as a welcome cash bonus.

Plus, enjoy:

  • Unlimited number of everyday banking transactions*
  • Up to $40 rebate for eligible BMO credit card*
  • No monthly fees during your studies and up to one year after graduation*

BMO Performance Chequing Account for Newcomers

With the BMO Performance Chequing Account for Newcomers, you can receive up to $700 as a welcome bonus and a Walmart delivery pass for up to 12 months.

  • $500 for opening a Performance account with a deposit before March 2, 2026.
  • $150 for opening a Savings Amplifier Account before March 2, 2026 + a deposit of $10,000 or more within the first 30 days of account opening, and maintaining this balance for 90 days.
  • An additional $50 by accessing My Financial Progress and completing eligible activities before April 30, 2026.

Get a promotional interest rate when you add a Savings Amplifier Account*

Plus, enjoy:

  • 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 nearly 70 destinations in multiple currencies.

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

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

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

The Bank of Montreal offers the BMO Family Package. 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 any monthly fees, the Family Package is an excellent 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 a wide range of banking services for its customers. With a BMO debit card, you can access BMO banking services online.

Several online services are offered by the Bank of Montreal:

  • 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 comprehensive, particularly in Quebec, thanks to the presence of numerous BMO branches. The Bank of Montreal is 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 services
  • 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.

BMO also has special offers for newcomers, students, members of the Canadian defence community, children and teenagers, 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, a 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 cash from ATMs 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 can choose your personal identification number (PIN) on the spot, directly at the counter. If there is no ATM at your branch, a card and PIN will be mailed to you.

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-hand menu.
  • In the left-hand 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 can I obtain a specimen 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?

The Bank of Montreal offers a wide range of credit cards. See our page dedicated to the best BMO credit card offers.

Come to discuss that topic in our Facebook Group!
Marie-Ève Leclerc
Marie-Ève Leclerc
Marie-Ève, Web Director at Milesopedia, is an expert in budget travel and a slow travel enthusiast. Specializing in Aeroplan, Scene+, and Marriott Bonvoy programs, she spends nearly six months a year abroad, making travel her way of life. Constantly seeking the best waves to surf, excellent coffee, and strategies to extend her travels, she is often found in coworking spaces with fellow digital nomads or by the sea, watching the sunset.
All posts by Marie-Ève Leclerc

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