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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Accounts and Plans No Longer Offered

Information on these accounts and services is for existing account holders only. Please visit your nearest BMO Bank of Montreal branch to see how our current suite of products may provide a better solution to your banking needs.

Download detailed information concerning Accounts and Plans (76 KB - PDF) that are no longer offered.

Interest Chequing

The Interest Chequing Account is no longer offered to new customers. Customers with an existing Canadian or U.S. dollar4 Interest Chequing account have cheque writing privileges, and their account can be used for ATM withdrawals, bill payments, debit card purchases, and for a Continuous Savings Plan. Existing accounts are not transferable between BMO branches.

Interest is calculated on the daily account closing balance, and paid monthly on the last business day of the month.

Individual account transaction fees apply or the account can be attached to a Bank Plan at a fixed monthly fee.

Fee waivers

The following changes apply only to existing accounts that offer fee waivers based on minimum monthly balances. This waiver will be lost if the account becomes part of a Bank Plan or is changed to another type of account.

Account Minimum balance
Interest Chequing1 $1,500

Account maintenance fee waivers

The following applies only to existing accounts that offered a $200 account maintenance fee waiver2. This waiver will be lost if the account becomes part of a Bank Plan or is changed to another type of account.

Account Minimum balance
Interest Chequing1 $200

Plan fee waivers

The following applies only to existing accounts that offer Plan fee waivers on the Standard and Enhanced Plans, based on minimum monthly balances. This waiver will be lost if the Banking Plan is changed or the account is changed to another type of account.

Plan Type Interest Chequing1
Standard3 $10,000
Enhanced3 $15,000

1Only for Interest Chequing accounts that used to be Investment Chequing Account, Chequable Savings Account, True Savings Account and Investment Savings Account.
2Accounts that do not meet the minimum monthly balance requirement will be charged a $1.00 monthly account maintenance fee.
3These Banking Plans are no longer offered.
4USD deposits are not eligible.

USD deposits are not eligible for CDIC deposit insurance.
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