Terms and Conditions

 Footnote 1 details 1. Electronic transactions include electronic credits and debits, bill payments or BMO Debit Card for Business purchases and refunds. Electronic transactions exclude client-initiated transfers between Business Bank Accounts, cheques deposited through Mobile Cheque Deposit and transactions completed at a BMO branch or with the assistance of a Customer Contact Centre associate, Interac e-Transfers^{®§​section}​​ (beyond plan limits), and cheques debited on the account.

 Footnote 2 details 2. Interac e-Transfer service may be restricted based on BMO Debit Card for Business privileges. Interac e-Transfers can only be sent and received from and to a Canadian dollar account, excluding AgriInvest and Business Premium Rate Savings Accounts. Sending Interac e-Transfers count as electronic transactions. Interac e-Transfer transactions are subject to maximum send and receive dollar amounts. Excess transaction fees may apply if you perform an Interac e-Transfer transaction over and above the number of transactions allowed for the Plan. A cancellation fee of $5.00 may still apply when you cancel the transaction. The time used for determining if an Interac e-Transfer is cancelled the same day is 12 a.m. ET. All Interac e-Transfers sent on or after 12 a.m. ET and cancelled before 12 a.m. ET the same day, will not be charged the cancellation fee. This fee is in addition to the non-refundable $1.50 Interac e-Transfer fee, if applicable.

 Footnote 3 details 3. Moneris payment processing fees still apply. Unlimited Moneris transactions means all deposits posted by Moneris to your BMO business account in connection with your acceptance of Mastercard, Visa*, Interac, Discover* or Union Pay* branded cards and American Express* transactions that are settled by Moneris – including deposit of settlement funds, terminal rental fee, and any other fees. American Express credit card transactions that are not settled through Moneris are not included in unlimited Moneris transactions, and are subject to separate terms and conditions where standard transaction fees apply. Refer to Moneris Solutions for complete details. All other debit or credit transactions posted to your BMO account related to any other brand of card processed using Moneris services are not included and may be subject to transaction limits associated with your Plan and/or excess per-item transaction fees. (*Visa, Discover, American Express and Union Pay are trademarks of their respective owners.)

 Footnote 4 details 4. BMO processes Next Day Settlement files daily. Fund accessibility is dependent on system close times confirmed with Moneris between the Merchant and Moneris during client onboarding. For transactions processed during the weekends, funds are accessible the next day (subject to the system close times) but the date reflected in the client’s statement will be the next business day.

 Footnote 5 details 5. The monthly Business Bank Plan transaction limit includes cheques negotiated and other debit or credit transactions to the account including deposits, withdrawals, electronic credits and debits, bill payments or BMO Debit Card for Business purchases and refunds, and excludes client-initiated transfers between Business Bank Accounts and cheques deposited through Mobile Cheque Deposit. Cheques debited and transactions completed at a BMO branch or with an associate at the Customer Contact Centre count towards the monthly transaction limit first, followed by electronic transactions. Client-initiated transfers between Business Bank Accounts, account transaction histories completed through BMO Online Banking for Business, BMO Online Banking or BMO Mobile Banking and cheques deposited through Mobile Cheque Deposit do not count towards the monthly transaction limit. In-branch bill payments are not part of transactions limits and are charged separately. Deposit transactions are subject to deposit contents fee.

 Footnote 6 details 6. In-branch transactions refer to those completed at a BMO branch or with the assistance of a Customer Contact Centre associate. Cheques drawn on the account and in-branch transactions count towards the Business Bank Plan transaction limit first, followed by electronic transactions.

 Footnote 7 details 7. Standard deposit contents fees are waived on each month’s deposits up to these limits. Deposit contents include cash and coin deposited, as well as items deposited (including, but not limited to, cheques, money orders, bank drafts, and certified cheques).

 Footnote 8 details 8. If you have the Enhanced or Elite Business Bank Plan, the monthly Plan fee will be waived if you maintain the minimum monthly balance in your account at all times. You are responsible for all other fees relating to any transactions, services and products not included in the Business Banking Plan.

 Footnote 9 details 9. Rounded up to the nearest $1,000 for notes deposited.

 Footnote 10 details 10. Access to BMO Online Banking for Business is subject to additional individual agreements and applicable fees. Fees subject to change. Savings shown are as of the time of publication of the Better Business Banking Guide and are only for illustration purposes.

 Footnote 11 details 11. BMO was named Best Commercial Bank by World Finance Magazine for the 11th consecutive year in 2025.

 Footnote 12 details 12. BMO was recognized by Digital Banker for Innovation & Customer Experience in 2024.

 Footnote 13 details 13. Enjoy 4 months of no monthly fees when you open a qualifying business chequing account online.

Open a new qualifying Essential, Everyday, Enhanced or Elite Business Banking Plan through BMO's online account opening platform at BMO.com between November 2, 2026 and November 24, 2026 (the "Offer Period") and receive a waiver of the applicable monthly Plan Fee for November 2026, December 2026, January 2027 and February 2027 (the "Offer").

The following monthly Plan Fees will be waived during the promotional period:

Standard Plan Fees shall apply beginning in March 2027. The first monthly Plan Fee charge will be assessed and billed on March 31, 2027.

Fees for transactions, services, or items that exceed those included in the applicable Business Banking Plan are not waived and will continue to apply during the Offer Period. Please refer to the Better Business Banking Guide for details regarding excess item fees and other applicable account fees.

Eligibility
To be eligible for this Offer:

• The account must be a new Essential, Everyday, Enhanced, or Elite Business Banking Plan opened directly through BMO.com during the Offer Period.
• The account must be fully opened, activated and in good standing in accordance with BMO’s account opening requirements at the time the monthly fee waiver is applied.
• The Offer is available only for Canadian Business Banking accounts.
• The Offer is limited to one (1) qualifying account per business client, regardless of the number of accounts opened during the Offer Period.
• The Offer is only available to new Canadian Business Banking clients.

Exclusions
The Offer is not available:

• On Business Banking Plan conversions, migrations, or Plan changes from an existing BMO business account.
• On accounts opened prior to November 2, 2026 or after November 26, 2026.
• Where the account holder changes the eligible Plan type during the promotional fee waiver period.
• In combination with any other offer, promotion, rebate, incentive, or fee waiver program unless expressly stated by BMO.
• Accounts opened through a BMO branch, Business Banking representative, Relationship Manager, or any channel other than BMO.com are not eligible for the Offer.
• For greater certainty, businesses with an existing Business Banking Plan as of November 1, 2026 are not eligible for this Offer.

General Terms

• The Offer has no cash value, is non-transferable, and may not be assigned, sold, or substituted.
• BMO reserves the right, in its sole discretion, to cancel, modify, suspend, extend, or terminate this Offer at any time without prior notice.
• BMO reserves the right to refuse, limit, revoke, or recover any promotional benefit where it determines, acting reasonably, that a customer has engaged in fraudulent activity, misrepresentation, abuse of the Offer, or any activity that undermines the fairness, integrity, or intended operation of the Offer. 
• BMO reserves the right to correct any errors in the application of the Offer.
• All account openings remain subject to BMO's standard account opening requirements, policies, procedures, and approval criteria.
• In the event of a conflict between these Offer terms and the applicable account agreement, the terms of the Offer govern solely with respect to the Offer.