Pay-per-use Fees

The following account transaction fees apply to all personal accounts. These fees are not applicable if one of the Everyday Bank Plans is selected.

Service Primary Chequing Interest Chequing1 Premium Rate Savings Smart Saver2
Self-serve        
Electronic (per item)        
Pre-Authorized Payments $1.00 $1.00 $1.00 $5.00
Debit card purchase3 $1.00 $1.00 Not available Not available
Interac®‡ Online $1.00 $1.00 Not available Not available
ATM (per item)        
Withdrawal $1.00 $1.00 $5.00 $5.00
Funds transfer $1.00 $1.00 $1.00 $5.004
Electronic bill payment $1.00 $1.00 Not available Not available
Account history inquiry $1.00 $1.00 $1.00 $0.85
BMO Telephone Banking (per item)5        
Funds transfer $1.00 $1.00 $1.00 $5.004
Bill payment $1.00 $1.00 Not available Not available
Account history inquiry $1.00 $1.00 $1.00 $0.856
BMO Mobile and BMO Online Banking (per item)        
Funds transfer $1.00 $1.00 $1.00 $5.004
Bill payment $1.00 $1.00 Not available Not available
Account history inquiry Free Free Free Free
Cheque drawn on account (per item) $1.00 $1.00 Not available Not available
Assisted-Service        
Branch/Customer contact agent (per item)        
Withdrawal $1.00 $1.00 $5.00 $5.00
Funds transfer $1.00 $1.00 $1.25 $5.004
Bill payment7 $1.00 $1.00 Not available Not available
Account history inquiry $1.00 $1.00 $1.25 Free
Other services        
Paper statement8 (per statement/per month) $2.00 $2.00 $2.00 $2.00
eStatement Free Free Free Free

U.S. Dollar

Fees funded from U.S. Dollar accounts will be collected in U.S. dollars.

Additional Services & Fees

The following fees are in addition to any applicable account transaction fees and monthly Everyday Bank Plan fees. Some of these fees may be covered by one of our Everyday Bank Plans.

Select a category

Select a category

Accounts Per item or Transaction
Bill payment handling charge (Assisted-service) $1.50
Certificate of account balance $10.00
Interim statement of account Picked up at branch, mailed or faxed $5.00
Search and/or copy of personal account item (eg.statements,vouchers,cheque tracing, transaction receipts ) $5.00
Account closed within 90 days of opening $20.00
Dormant account notice  
If notice is acknowledged within 60 days No charge
After 60 days: 2 year notice of dormant account $20.00
After 60 days: 5 year of dormant account $30.00
Unclaimed Balances 10 year transfer to Bank of Canada $40.00
Post-dated item held for deposit $3.00
Transfer/payment arrangements (in addition to any debit transaction fees)  
Set up or amend instructions for standing orders (regular payments/transfers from or between accounts in the same currency), except for Continuous Savings Plan9 $4.50
Telephone instructions accepted by branch10 $4.00
Your account balance to another financial institution $20.00
Coin Counter11  
Up to $250 Free
$250 and above (on the entire amount) 3%
Cheques12 Per item
Cheque image return (per month) $2.50
Certified cheque  
Requested by issuer $15.00
Requested by non-issuer $20.00
Stop payment  
Single cheque $12.50
Series of cheques (in sequence, per request) $20.00
Cheque negotiated for customer without a Personal Account (excluding Government of Canada cheques) $5.00
Foreign currency cheque13  
Item deposited to Canadian dollar account (excluding American Express Travellers Cheques) $5.00
Item drawn on a Canadian dollar account $20.00
Items returned non-sufficient funds (NSF) (cheque or pre-authorized bill payment/debit) $45.00
Items sent on collection14  
Cheques up to $250.00 CDN $15.00
Cheques over $250.00 CDN ($25.00 min. and $200 max. charge) 0.125%
Overdraft Protection Services Fees
Overdraft Transfer Service  
Per transfer15 $5.00
Overdraft Protection16  
Standard (monthly fee and no per-item fees) $4.00
Occasional (no monthly fee)17 $5.00
Overdraft per item charge (OPIC)  
For each item that creates or increases overdraft18 Does not apply to amounts within Overdraft Protection - Standard limit $5.00
Sending Money to Others Per item
Interac e-Transfer®‡ $1.50
Interac e-Transfer®‡ (Smart Saver Account) $5.00
Money orders or drafts (all available currencies)19,20,21,22 $7.50
Official cheque $5.00
American Express Gift Cheques  
Commission on total purchase 3.00%
Wire payments23  
Incoming (3rd party bank charges are the responsibility of the sender) $14.00
Outgoing (of wire value) 0.20%
Minimum charge $15.00
Maximum charge $125.00
Plus: Communication charge $10.00
Financial Services for Travellers Per item
Buying/selling currency  
U.S. currency for non-BMO customers $2.50
Purchasing sundry foreign currency - Delivered to a branch24 $5.00
Purchasing sundry foreign currency - Delivered to a Canadian address24 $8.50
Selling sundry foreign currency $5.00
Purchasing Travellers Cheques  
Commission (on total purchase and in the same currency of the travellers cheques purchased) 1.25%
Commission on U.S. dollar Cheques for Two™ (on total purchase) 1.75%
Minimum charge (per purchase) $3.00
Cashing Travellers Cheques  
Travellers cheques cashing fee for non-BMO customers (excluding American Express Travellers Cheques) $3.00
Courier fees when purchasing travellers cheques and foreign currency using Online or Telephone Banking  
Delivered to a Canadian address $8.50
Access to Accounts through non-BMO Bank of Montreal Channels25 Per item
Withdrawal at non-BMO ATMs  
Inside Canada (Interac network) $1.50
Inside U.S.26 $3.00
Cash withdrawals using their BMO Debit Card at our newly expanded network of 1,350 BMO Harris BankSM ATMs in nine U.S. states, including Florida and Arizona27 No additional fee
Outside Canada and U.S.26 (Cirrus and Maestro networks) $5.00
Debit card purchase  
Outside Canada No additional fee
Ability to make debit card purchases at merchants outside of Canada28 No additional fee
Non-BMO Customers Fees Per item or Transaction
Cashing a cheque drawn on a BMO Bank of Montreal branch 29,30 $5.00
Cashing a Government of Canada Cheque30,31 No Charge
Using BMO ATMs  
On the Interac network $2.00
On the Cirrus network32 $2.00
Buying or selling U.S. currency $2.00
Cashing Travellers Cheques33  
Traveller cheques cashing fee (excluding American Express Travellers Cheques) $3.00
Using the Coin Counter (on the entire amount)11 8%
Safety Deposit Boxes34 Annual Rental Fee
Small (1½ x 5 x 24) $45.00
Medium (2½ x 5 x 24)(3¼ x 5 x 24)(3 x 5 x 24) $65.00
Large (2½ x 103/8 x 24)(3 x 10 x 24)(5 x 5 x 24) $125.00
Extra Large (5 x 103/8 x 24) $200.00
Super Large (10 x 103/8 x 24) $300.00
Drilling of box and replacement of lost keys is charged at cost  
Note: Where applicable, PST/GST/HST is extra. BMO Bank of Montreal GST/H Number: R100390095. QST Number: 1000042494.

 

Registered Plans

A fee of $50 (plus applicable taxes) may be applied to a registered plan account if you redeem it or transfer it, in whole or in part, to another institution.

Service Charges

If there are to be any increases, a list of personal account fee changes will be sent to statement account customers 30 days in advance of the increase. Notice of changes will be posted in branches and at ATM machines 60 days in advance of the increase.

Taxes

Services are identified which are subject to federal Goods and Services Tax and/or provincial sales tax. The tax paid will be indicated separately on statements, receipts, etc.

Deposit Interest Rates

Rates are subject to change from time to time. Up-to-date information is available online, at any BMO Bank of Montreal branch or by calling BMO Direct at (800) 363-9992. Interest rates are per annum.

U.S. Dollar

Fees funded from U.S. Dollar accounts will be collected in U.S. dollars.

Banking Agreements

Download the Agreements, Bank Plans and Fees for Everyday Banking (289 KB – PDF) brochure, which contains all of the relevant banking agreements that apply to Personal Accounts at BMO Bank of Montreal.

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 (81 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. dollar35 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 Chequing36

$1,500


Account Maintenance Fee Waivers

The following applies only to existing accounts that offered a $200 account maintenance fee waiver.37 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 Chequing36

$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 Chequing36

Standard38

$10,000

Enhanced38

$15,000