BMO Digital Business Checking Account
Unlimited free incoming ACH transactions and incoming wire payments make this account a great fit for businesses that do most of their banking online.
Open an account in minutes!Product Disclosure and Fees (PDF, 288 KB)
Enjoy great perks and tools to grow your business
Get unlimited free incoming transactions and incoming wire payments
Use BMO Digital Banking footnote 1 to stay on top of payments. It's fast and simple.
Enjoy fee-free banking at 40,000+ BMO and Allpoint® ATMs nationwide footnote 2 and deposit up to $1,000 in cash per statement period with no fee
Bank anytime with our mobile app: footnote 1 deposit checks, footnote 3 pay bills and move money, from wherever your business takes you, using Zelle® footnote 4
You’ll pay no monthly maintenance fee with an Average Collected Balance of $500 or more, otherwise it’s $10/month
Open a checking account online in 3 simple steps
Check that you're eligible
Corporations (S and C), limited liability corporations (LLCs), and sole proprietors can apply for some accounts online.
Apply in minutes
Apply online in minutes and get a decision on the spot. Get ready to apply with our Business Documentation Checklist.
Verify your ID with a selfie
To finalize your application, we may ask you to take a photo of your ID and snap a selfie to verify your identity without a branch visit.
Let's take a closer look at fees and how to avoid them
Account Fees | Fee Description |
|---|---|
$10 montly maintenance fee | Waived with an Average Collected Balance of $500 or more for the statement period |
ACH transactions & incoming wire transfers | FREE |
Cash deposits over $2,000 per statement period | $0.25 for every additional $100 deposited |
BMO and Allpoint® ATM transactions footnote 2 | FREE |
Non-BMO ATM transactions footnote 5 | $3 |
Paper Statement Fee/Check Images Fee | $3 for paper statements. $3 for check images. FREE if enrolled in paperless statements. |
Get a full breakdown of fees in the Product Disclosure and Fees (PDF, 544 KB)
Interested in exploring other checking accounts?
We've got one that meets your unique business needs.
Everything you need to know about your account
Get the full terms and agreements and learn what you need to apply.
BMO Digital Business Checking FAQs
To open your account, you’ll need to provide some identification and supporting business documentation. Our Business Documentation Checklist includes everything you’ll need to open your new account.
If you’re opening an account online, you’ll also need to verify your identity. We may do this by asking you to take a photo of your ID and snapping a selfie.
It takes around 10 minutes to complete your application, and you’ll receive a decision within 2 minutes.
We’ll waive the $10 monthly maintenance fee when you maintain an Average Collected Balance of $500 or more for the statement period.
Resources to help support your business
Benefits of a business bank account
It might seem easier to use your personal bank account for business transactions, but there are plenty of benefits to opening a business account. Check them out.
Business plan template (Microsoft Word, 49.3 KB)
Use this professional template to help you structure your ideas, define clear goals and plan for the future.
Video: 3 reasons you need a business checking account
Learn how a business bank account can simplify your finances, streamline your bookkeeping and make your business look professional.
Take the next step toward better business banking
Call us
Give us a call to apply or ask questions.
Apply online
Open an account in minutes!
Visit us
Meet with a BMO Business Banker to talk about how we can help your business.
- Footnote 1 detailsMessage and data rates may apply. Contact your wireless carrier for details.
- Footnote 2 detailsForeign Transaction Fees will apply at Allpoint® ATMs located outside of the United States.
- Footnote 3 detailsMobile Deposit is available using the BMO Digital Banking app. This service may not function on older devices. Users must be a BMO Digital Banking customer with a BMO account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, please see the BMO Digital Banking Agreement found at bmo.com/uslegal
- Footnote 4 detailsTo send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience
- Footnote 5 detailsA Non-BMO ATM Transaction is any transaction conducted at a Non-BMO ATM, including, for example, a withdrawal, transfer, or balance inquiry. We charge this fee for each Non-BMOATM Transaction, except for a balance inquiry. The ATM owner or operator may also charge you a surcharge fee for a withdrawal, transfer, or balance inquiry.
- Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.