Benefits
Get unlimited transactions, an annual credit card rebate and more
One household, one monthly fee
No-fee daily banking for family members with the BMO Family Bundle*86
Identity theft support at no charge
Save over $150 a year*74 with OnGuard® Identity Theft Protection
Unlimited transactions and Interac e-transfer®§ transactions
Enjoy no-fee everyday banking transactions*52
Up to a $40 rebate on a credit card
Get up to $40 rebated annually on an eligible BMO credit card*15
Compare
Explore the bonuses, features and fees for our chequing accounts
Performance $17.95 per month or $0 with a $4,000 minimum balance | Premium $30.95 per month or $0 with a $6,000 minimum balance | Plus $11.95 per month or $0 with a $3,000 minimum balance | |
|---|---|---|---|
Welcome cash bonus* | $700 | $700 | $100 |
Family Bundle bonus*86 | ✓ | ✓ | X |
Savings Amplifier Account bonus interest rate** | |||
Transactions per month*52 | Unlimited | Unlimited | 25 |
Interac e-Transfer®§ transactions per month*39 | Included | Included | Included |
BMO ATM withdrawals | $0 | $0 | $0 |
OnGuard Identity Theft Protection*74 | Included | Included | - |
Family Bundle*86 | Available with this account | Available with this account | - |
$40 | $150 | - | |
Additional accounts | CAD and US dollar chequing and savings account at no cost*3 | CAD and US dollar chequing and savings account at no cost*3 | CAD and US dollar chequing and savings account at no cost*3 |
Additional features | - | No fee for select Cheques*54 No fee for Stop Payments*50 Safety Deposit Box Annual $12 Discount*64 Preferred exchange rate for U.S dollar*35 | - |
Monthly plan fee*4 | $17.95 OR $0/month with min. $4,000 balance | $30.95 OR $0/month with min. $6,000 balance | $11.95 OR $0/month with min. $3,000 balance |
Non-BMO ATM withdrawals*53 | 1 Canadian withdrawal included per month, then $2 each in Canada, $5 each outside Canada | Unlimited worldwide no BMO fees | $2 each in Canada, $5 each outside of Canada |
Standard overdraft protection*20 | $5/month (when used) | No monthly fee | $5/month (when used) |
Global money transfers*98 | No fee | No fee | $5 per transfer |
Compare chequing accounts to find the right one for you
Choose a BMO chequing account that meets your unique needs.
Get the BMO Advantage
3,300 + no fee ATMs
Bank at BMO ATMs across Canada for no fee.
Award-winning digital banking
Explore features like BMO CreditView® , BMO Savings Goals, and BMO QuickPay.
Personalized support
Connect with us in person at over 900 branches across Canada.
Business owners
Find the business bank account that fits your needs whether you’re just starting out, growing or established.
Open a bank account online in minutes
Choose an account
Find the right account for you or let us help you choose.
Complete the online application
Our online application is fast, easy, and accessible.
Sign up for BMO Online Banking
Register for BMO Online Banking and start using the BMO mobile banking app.
Mobile
Easy, secure digital banking
“Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”
“Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”
“My favourite part is how you can check your credit score any time you want with a single click!”
“Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”
“Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”
“My favourite part is how you can check your credit score any time you want with a single click!”
“Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”
“Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”
“My favourite part is how you can check your credit score any time you want with a single click!”
Reviews have been edited for spelling and punctuation.
Award-winning mobile banking
Recognized for Excellence in Digital Banking for a third year in a row.
Honoured for digital money management features and account alerts.
Awarded for BMO CashTrack, an artificial intelligence (AI) driven capability.
Performance Chequing Account FAQs
A chequing account can be used to store your daily spending money. You can do everyday transactions with a chequing account, such as depositing your paycheques, paying bills and expenses, transferring money to other accounts, and making ATM withdrawals.
A chequing account is a great option for managing your everyday transactions, such as paying your rent or mortgage, doing in-store debit card purchases, or sending money online. With the BMO Performance Chequing Account, you get unlimited transactions *52 and Interac e-Transfer®Section,*39 making it that much easier for you to bank day to day.
A savings account is ideal if you’re trying to set money aside for a big purchase or financial move, such as a vacation, a car purchase, buying property, or completing a home renovation. With a savings account like BMO Savings Amplifier, you get access to competitive interest rate to encourage you to save and earn interest on your deposits.
Open a chequing account at BMO in three simple steps.
- Choose the account you’d like to open. We offer several chequing accounts, including the Performance Chequing Account, Premium Chequing Account, and Plus Chequing Accounts.
- Complete the online application. You’ll need to provide basic information like your name, address, employment information, and Social Insurance Number (SIN).
- Sign up for BMO Online Banking. Register for BMO Online Banking and start using the BMO mobile banking app.
With the BMO Performance Chequing Account, you get unlimited transactions*52 per month.
When you move money out of your account – like an ATM withdrawal, bill payment or pre-authorized payment – that counts as a transaction. Money coming into your account – like payroll direct deposits or cash deposits at an ATM – don’t count as transactions.
Compare chequing accounts at BMO with our Help Me Choose Tool. This tool makes it easy and fast to determine which chequing accounts best fit your financial plans. You can also compare all our chequing accounts online to help you decide which option works for you.
Can I have multiple chequing accounts at BMO?
Yes, you can open multiple chequing accounts at BMO, or add additional chequing accounts to your existing account, through BMO online banking. Learn more about adding another BMO chequing account.
When you open a BMO Performance Chequing Account and a BMO Savings Amplifier Account at the same time online, you get access to a bonus interest rate on your savings account.
What is the best chequing account with no monthly plan fee at BMO?
The BMO Performance Chequing Account is a great option, as there is no monthly plan fee when you maintain the minimum monthly balance of .*4 You also get a $450 opening bonus* and unlimited transactions per month.
The BMO Premium Chequing Account is also another good option, with no monthly plan fee when you maintain the minimum monthly balance of .*6 You also get a $450 opening bonus* and unlimited transactions per month.*52
Manage your pre-authorized payments with BMO Powerswitch
With BMO Powerswitch, we make switching to BMO easy. Simply transfer your pre-authorized payments from another financial institution to your new BMO bank account online. Current BMO customer can also use BMO Powerswitch to manage pre-authorized payments.
Resources
How to find the best chequing account for your lifestyle
Why settle for a generic chequing account when you can find one that fits your lifestyle?
What’s the difference between a chequing and savings account?
Compare chequing vs. savings accounts and learn how you can use them both to your advantage.
How to manage your money with multiple bank accounts
If you're having trouble managing your money, using multiple bank accounts can make it easier.
Ready to get started?
Open an account online
Apply for an account online in as little as 7 minutes.
Come in and chat with us
Drop by your nearest branch to get personalized support.
- ®†OnGuard is a registered trademark of Sigma Loyalty Group Inc.
- ®Identity Guard is a registered trademark of Intersections Inc.
- ®†/™† Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Bank of Montreal.
- ®* Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
- ®§ Interac e-Transfer is a registered trademark of Interac Inc. Used under license.
- ± Trademark of Visa International Service Association and used under license.