Offer
- Earn up to $700 welcome bonus* when you open a chequing account:
- Get $450 when you open a BMO Performance or BMO Premium chequing account and make a deposit of any amount by July 2, 2025.
- Earn $200 when you open a Savings Amplifier Account and make a deposit of $10,000 or more by July 2, 2025.
- Family Bundle Offer: Get a $50 cash bonus when you have a family member open a new Primary Chequing Account before July 2, 2025.
- Get a promotional interest rate of up to 4.80% when you add a Savings Amplifier Account.
- No monthly plan fees for one year*
- Protect your documents in a safety deposit box and get a $60 cash bonus
- Unlimited transactions*
- Get accounts for family members without paying an additional monthly fee
- Up to $40 rebate on the annual fee 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 $700 in welcome bonus*
Monthly Fee
$0
Monthly Fee Waiver (Details)
No plan fees for one year
Unlimited Transactions
Overdraft protection monthly fee
$5
eStatement
Statement by mail
$2
ATM Withdrawals per month
1
ATM Fee (Institution)
$2
ATM Fee (International)
$5
Insufficient fund fee
$5
Bank draft cost
$9.95
Interac e-Transfer Unlimited
Credit Card Rebate
$40
Our review
With the BMO Performance Chequing Account for Newcomers, you can earn up to $700 in cash bonus:
- $450 for opening a Performance or Premium plan and make a deposit before July 2, 2025.
- $200 for opening a Savings Amplifier Account with a deposit of $10,000 or more before July 2, 2025
- $50 to invite a family member to open a chequing account before July 2, 2025.
You can also benefit from a promotional interest rate of 4.80% when you add a BMO Savings Amplifier Account.
In addition, you can benefit from:
- Unlimited number of current banking transactions
- Up to $40 off the annual fee for eligible BMO credit card
- No Fee Global Money Transfer: Send funds quickly and securely to up to 50 countries (regions) in multiple currencies.
Get it all at no cost for one year!
Alternative bank accounts
Alternative Cards
Legal
* Conditions apply.