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No, I would like to stay on the Canadian site
Small Business Banking Plan
Monthly Plan Fee: $9.50
If you need the flexibility to access your Canadian dollar business current account both electronically and in-branch, this simple, cost-effective plan could be the one for you.
What you get every month
- FREE when you keep a minimum monthly balance1 of $4,000 in your account
- 15 monthly transactions2
- Access to your account in-branch and through all our electronic channels
- 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
- Distinct deposit options for either cash-based or cheque-based businesses
- BMO® Debit Card(s) for Business
- Cheque and cash deposits (within specified limits)
- Option to add a Business Premium Rate Savings Account3
- Bank confirmation slips and loan-interest certificates (for your records and tax filing)
- New Business Start-Up Package: New businesses (in first nine months of operation) pay no plan fee for the first three months
Additional options for cash or cheque based businesses
| More Cheques | More Cash | |
|---|---|---|
| Monthly Plan fee | $9.50 | $9.50 |
| Monthly transactions2 included | 15 | 15 |
| Monthly items on deposit (e.g. cheque, draft etc) | 20 | 10 |
| Monthly notes (currency) on deposit included | $1,000 | $4,000 |
| Minimum monthly balance1 required to waive Plan fee | $4,000 | $4,000 |
| Excess fees — in addition to monthly plan fee (per item) | ||
| Transactions2 over plan limit | $1.00 | $1.00 |
| Notes (currency) on deposit (per $1,000) | $2.25 | $2.25 |
| Coin on deposit (per $100, USD accepted at CDN $ par) | $2.25 | $2.25 |
| Items on deposit (per item, e.g. cheque) | $0.20 | $0.20 |
Everyday Banking for Business Plans are available for Canadian Dollar Business Current Account only.
Our Everyday Banking for Business calculator can help you choose the right plan for your business.
