Savings Strategy: Save Over $700 With This Limited-Time BMO Offer
Loading article…
BMO Performance Program
BMO Offer – Savings Strategy
Performance Chequing Account Package
To receive the $500 bonus associated with the chequing account, you must complete two of the following actions:
- Set up a recurring direct deposit; and/or
- Make two eligible online bill payments of at least $50 to different payees; and/or
- Set up two eligible pre-authorized debits of at least $50 with different payees
Please note that these conditions must be met in order to proceed to step 2, which is the bonus associated with the Savings Amplifier Account.
Savings Amplifier Account and Interest Rate
You can earn $150 when you open a Savings Amplifier Account before March 2, 2026, and deposit $10,000 or more within the first 30 days of opening. You must maintain this balance of at least $10,000 at all times for an additional 90 calendar days.
Currently, the Savings Amplifier Account offers a promotional interest rate of 4.60%, and this rate is guaranteed for up to 120 days after the account opening date.
Minimum Balance to Avoid Monthly Chequing Account Fees
By maintaining a minimum balance of $4,000 in your Performance chequing account, you save on monthly fees of $17.95, which can save you up to $215.40 per year.
Double Up with a Credit Card
Do you have a Bank of Montreal credit card? By participating in this Performance account offer, you could get a $40 discount on your credit card annual fees. Here are some of the cards that are eligible for this offer:
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 | |||
| $0 |
You can therefore select the eligible credit card that suits you and take advantage of welcome offers to earn a large number of BMO Rewards points, AIR MILES miles, or cash back that can be used for your next trips or to lighten your expenses.
Consult our page on the best BMO credit card offers to choose the one that best suits your needs:
Important Terms and Conditions
To keep the welcome offer, you must ensure that your eligible chequing and savings accounts remain open until March 2, 2027. If you close your accounts before this date, BMO reserves the right to withdraw your bonus.
Exclusions: carefully review the exclusion list, as you may not be eligible for this offer if you are currently a BMO client or have been recently.
Take the time to read the terms and conditions carefully to ensure you meet them and are eligible for this limited-time offer.
Conclusion
Do you want to save and enjoy a bonus? The BMO Performance Program and its chequing account offer will reward your efforts by giving you up to $700, in addition to offering a promotional rate of 4.60% on your savings account, fee exemption by maintaining a minimum balance in your account, a discount on credit card annual fees, and a $50 Walmart gift card.
This is one of the best offers on the Canadian market, but it is for a limited time. So now is the best time to take advantage of it, whether to save for your next travel project, renovations, or for any other reason.
To discover other banking offers, visit our page on the best account offers.
How to avoid monthly fees for the BMO Performance account?
Maintain a minimum daily balance of $4,000 to avoid the $17.95 monthly fee.
Is the BMO Performance account available across Canada?
The BMO Performance account is accessible in all provinces and territories of Canada.
How does the BMO Performance account differ from other BMO accounts?
This account is positioned between the Practical and Premium accounts, offering a good balance between benefits and fee exemption conditions.
