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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Community Account

This Unique Account is Our Way of Recognizing the Good Work You're Doing.

Saving on bank charges can free up funds for your good cause. This interest-bearing deposit account is designed to provide lower-cost banking for local not-for-profit organizations like yours.

Convenient account features included FREE of charge

  • 20 monthly transactions1 - including 5 in-branch deposits
  • Easy account access through ATMs, Direct Banking by phone or Online Banking
  • Unlimited chargebacks (unpaid or returned donations or pledges; bounced cheques)
  • Around-the-Clock Depository – ideal for special events (includes coin wrappers)
  • Personal-size Securitone cheques
  • Quarterly paper statement (with Cheque Images held in safekeeping) or eStatement
  • Cheque and cash deposits (within specified limits)
  • BMO® Debit Card for Business
  • Interest Paid Monthly
  • Available in Canadian dollars only

Currency of account, interest and fees payable in Canadian dollars.

Your Account Includes (Free of Charge):

  • 20 transactions per month (includes a maximum of 5 in-branch deposits)
Excess of free transactions1 fees
Deposit fee per transaction1 (includes branch, ATM & electronic2 credits) $1.00
Cheque $1.00
Electronic2 debit $1.00
Withdrawal $1.00
Bill payment $1.00
Notes (currency) on deposit (per $1,000) $2.25
Coin on deposit (per $100, USD accepted at CDN $ par) $2.25
Items on deposit (per item, e.g. cheque) $0.20
Fee (per statement cycle) if statement produced more frequently than account standard $5.00

Terms and Conditions