Value Plan
Monthly Plan Fee: from $15.00
If your business primarily uses ATMs, Direct Banking by phone, and Online Banking to access your Canadian dollar business current account, this plan can minimize your banking fees.
Take advantage of different transaction2 levels to suit your specific business banking needs.
What you get every month
- FREE when you keep a minimum monthly balance1 in your account.
- Unlimited account balance and account history inquiries
- Unlimited customer initiated transfers
- 2 deposit items returned unpaid (chargebacks) per month
- Monthly statement with cheque / image return
- Around-the-Clock Deposit service access setup fee
- Access to your account through our electronic channels
- BMO® Debit Card for Business
- Cheque and cash deposits (within specified limits)
- Bank confirmation slips and loan-interest certificates (for your records and tax filing)
- New Business Start-Up Package: New businesses (in first nine months of operation) pay no plan fee for the first three months
Options for different transaction levels
| Option | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Monthly Plan fee | $15 | $24 | $34 | $44 | $85 | $125 |
| Monthly transactions2 included | 20 | 35 | 50 | 75 | 125 | 200 |
| Monthly in-branch deposits included | 0 | 0 | 0 | 0 | 0 | 0 |
| Maximum monthly ATM deposits | 25 | 25 | ||||
| Monthly items on deposit included (e.g. cheque, draft etc) | 10 | 20 | 30 | 50 | 70 | 100 |
| Monthly notes (currency) on deposit included | $1,000 | $3,000 | $5,000 | $7,000 | $10,000 | $15,000 |
| Minimum monthly balance1 required to waive Plan fee | $5,000 | $9,000 | $13,000 | $17,000 | $32,000 | $45,000 |
| Excess fees - in addition to monthly plan fee (per item) | ||||||
| Transactions2 over plan limit | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| Notes (currency) on deposit (per $1,000) | $2.25 | $2.25 | $2.25 | $2.25 | $2.25 | $2.25 |
| Coin on deposit (per $100, USD accepted at CDN $ par) | $2.25 | $2.25 | $2.25 | $2.25 | $2.25 | $2.25 |
| Items on deposit (per item, e.g. cheque) | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
Everyday Banking for Business Plans are available for Canadian Dollar Business Current Account only.
Our Everyday Banking for Business calculator can help you choose the right plan for your business.
