Senior Plan
$0.00/month1
The Senior Plan lets you do all your banking absolutely free when you are age 60 or over. Pay no transaction fees1 and no Banking Plan fee. After all, you've earned it.
What you get every month
- Pay no monthly Banking Plan fee1, no minimum monthly balance required
- Personalized cheques (style limited)
- 1 free statement or passbook per month
- Cheque image return2
- Assisted-service bill payments
- Unlimited account history inquiries
- 1 non-BMO ATM debit transaction on the Interac®* network/month3
- Money orders and drafts (in available currencies)
- Certified cheques and stop payments
- Deposit post-dated items at no charge
- $5.00 Safety deposit box discount and /or account history inquiries
- Certificate of confirmation of balance
Added protection
- Overdraft Transfer Service between BMO Bank Accounts in your Banking Plan
- Overdraft Protection up to $50 on U.S. Dollar chequing accounts in good standing4
- Personal Credit Reserve5 up to $2,500 upon approval6
- Occasional Overdraft Protection Service4 (OOPS!® - up to $500) on a Bank Account in your Banking Plan with no per item fee
Travel features
- Trip Protection included at no additional cost to you with your BMO Travel Medical Insurance purchase7
- 2 international debit purchases using non-BMO ATMs on the Cirrus®* network each month3
- 2 international debit purchases at merchants using Maestro®# service each month
- Preferred exchange rate when buying or selling U.S. cash (to a max of $5,000 U.S. per transaction)
- No-fee Travellers cheques (traditional style single signature and U.S. dollar Cheques for TwoTM††)
Investment savings
- 50% discount on annual fee on self-directed Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) offered by
BMO Nesbitt Burns Inc.8 - No Annual Fee on self-directed RRIF, LIF* or LRIF** and an RRSP, LIRA*** or RESP**** with a minimum account balance of $25,000 offered by
BMO InvestorLine. - No fees RRSP withdrawals
* Life Income Fund
** Locked-In Retirement Income Fund
*** Locked-In Retirement Account
**** Registered Education Savings Plan
** Locked-In Retirement Income Fund
*** Locked-In Retirement Account
**** Registered Education Savings Plan
Whether retirement is just around the corner or a few years away, your life has and will change — and so will your banking needs. With BMO, you’ll find the services and advice you need to live the life you want.
