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Compare & Save

You deserve more value for your hard-earned money. Just compare some of the features of our Small Business Banking Plan with that of a competitor, and we think you'll choose BMO:

Features BMO® Small Business Banking Plan Competitor's Small Business Account
Monthly Plan fee $9.50 $6.00
Number of transactions² included per month 15 6-10³
Option to bank for free¹ YES Not Available
Bank confirmation(s) FREE $40.00 (minimum) per confirmation
Loan Interest certificate FREE $5.00 per form
Option to customize your
plan according to your
business needs
Includes:
Choose a more'cash'
or 'cheque' option
to suit your business AND Bank in-branch &/or electronically
Includes:
Choose to bank in-branch &/or electronically

Additional Free Features

In addition to providing you with the flexibility of accessing your Canadian dollar business current account both electronically and in-branch, the Small Business Banking Plan also includes these free features:

  • Unlimited account balance and account history inquiries
  • Unlimited transfers (customer initiated)
  • 2 deposit items returned unpaid (chargebacks) per month
  • Monthly statement with image return
  • Around-the-Clock Deposit service access setup fee
  • BMO® Debit Card(s) for Business4
  • Telephone Banking / Online Banking monthly fee5
  • Cheque and cash deposits (within specified limits)
  • New Business Start-Up Package: New businesses (in first nine months of operation) pay no plan fee for the first three months

Speak to us now

To learn more or to sign-up for the BMO® Small Business Banking Plan:

Visit a branch or call us directly at 1-877-448-1955 to find out how we can help you find more savings for your business.

Terms and Conditions

What's New

BMO is making $10 billion available to businesses across Canada over the next three years.

What's the best way to to save money on financial services?

Grow your business through social media.

Get 0.15% guaranteed return and the potential to earn up to 3.80% over 1 year.

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