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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 deposit account is designed to provide lower-cost banking for local not-for-profit organizations like yours.

What you get every month

  • 20 monthly transactions1 - including 5 in-branch deposits
  • Easy account access through ATMs, Direct Banking by phone or Online Banking
  • 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
  • Available in Canadian dollars only

FREE when you keep a minimum monthly balance3 of $5,000 in your account.

Account1 Fees
Monthly Account Administration fee $2.50
Monthly transactions2 included
(includes a maximum of 5 in-branch deposits)
Monthly items on deposit (e.g. cheque, draft etc) 25
Monthly notes (currency) on deposit included $2,500
Monthly notes (coin) on deposit included $250
Transactions2 over plan limit $1.25
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
Quarterly paper or eStatement Included

Terms and Conditions

Prime Rate %