We’re making some exciting changes to our Air Miles Bank Plan, effective July 1, 2025! Learn more
Enjoy up to a ** promo interest rate when you also open a Savings Amplifier Account.
Benefits
Earn bonus AIR MILES with your BMO debit or credit card
Get 1 AIR MILES Reward Mile for every $30 you spend using your BMO Debit Card*9. You can also earn 25 Bonus Miles each month with a BMO AIR MILES World Mastercard® footnote star or BMO AIR MILES World Elite® footnote star Mastercard.
Get unlimited transactions and INTERAC e-Transfers
This includes unlimited pre-authorized debits, debit card purchases, bill payments, transfers, and withdrawals.*52
Compare
Explore the bonuses, features and fees for our chequing accounts
AIR MILES $17.95 per month | Performance $17.95 per month or $0 with a $4,000 minimum balance
| Plus $11.95 per month or $0 with a $3,000 minimum balance
| |
|---|---|---|---|
Welcome bonus* | - | $700 cash + $50 Walmart Canada eGift card | $100 |
Family Bundle bonus*86 | X | ✓ | X |
Savings Amplifier Account promotional interest rate** | |||
Transactions per month*52 | Unlimited | Unlimited | 25 |
INTERAC e-Transfer®§ transactions per month*39 | Included | Included | Included |
BMO ATM withdrawals*53 | $0 | $0 | $0 |
OnGuard Identity Theft Protection*74 | - | Included | - |
Family Bundle*86 | - | Available with this account | - |
Credit card rebate*15 | - | $40 | - |
Additional accounts | Canadian dollar and US dollar chequing and savings account at no cost*3 | Canadian dollar and US dollar chequing and savings account at no cost*3 | Canadian dollar and US dollar chequing and savings account at no cost*3 |
Additional features | - | - | - |
Monthly plan fee*4 | $17.95 | $17.95 OR $0/month with min. $4,000 balance | $11.95 OR $0/month with min. $3,000 balance |
Non-BMO ATM withdrawals*53 | $2 each in Canada, $5 each outside of Canada | 1 Canadian withdrawal included per month, then $2 each in Canada, $5 each outside Canada | $2 each in Canada, $5 each outside of Canada |
Standard overdraft protection*20 | $5/month | $5/month | $5/month |
Global money transfers*98 | $5 per transfer | No fee | $5 per transfer |
Compare chequing accounts to find the right one for you
Choose a BMO chequing account that meets your unique needs.
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Learn more about everyday banking, saving, investing, budgeting, home buying, and more on our interactive learning platform.
Students
Newcomers to Canada
Seniors
Everyday banking solutions designed for seniors, including a no monthly fee*83 chequing plan.
Indigenous
Enjoy banking with no monthly plan fee for a year*93 and preferred rates on other banking options.
Kids & teens
Canadian Defence Community
Bank with no monthly fees*80 and get flexible mortgage options.
Business owners
Find a business bank account that fits your needs, whether you’re just starting out, growing or established.
Open a chequing account online in minutes
Choose an account
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Complete the online application
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Mobile
Easy, secure digital banking
Award-winning mobile banking
Recognized for Excellence in Digital Banking for a third year in a row.
Honoured for digital money management features and account alerts.
Awarded for BMO CashTrack, an artificial intelligence (AI) driven capability.
AIR MILES FAQs
An AIR MILES chequing account is a bank account that allows you to collect AIR MILES Reward Miles on every transaction you make. The amount of AIR MILES Reward Miles you earn per transaction depends on the terms and conditions of the chequing account, as well as any offers or promotions related to the account.
For example, with a BMO AIR MILES®† Chequing Account, you can earn AIR MILES on purchases made with your BMO Debit card. You can also get 25 bonus miles each month when you have a BMO AIR MILES World Mastercard or BMO AIR MILES World Elite Mastercard.
You can open an BMO AIR MILES®† Chequing Account online. You do not need an existing BMO chequing or savings account to apply for a BMO AIR MILES®† Chequing Account.
You can also apply for the account in person at your nearest branch.
You do not need to keep a minimum balance in the account, as long as you pay the monthly plan fee of $17.95
With the BMO AIR MILES®† Chequing Account, you get unlimited transactions*52 per month.
When you move money out of your account – like an ATM withdrawal, bill payment or pre-authorized payment – that counts as a transaction. Money coming into your account – like payroll direct deposits or cash deposits at an ATM – don’t count as transactions.
When you open a BMO AIR MILES®† Chequing Account, you will be asked to link your existing AIR MILES Collectors Number to your chequing account so that you can continue to collect AIR MILES Reward Miles without opening a new account.
Manage your pre-authorized payments with BMO Powerswitch
With BMO Powerswitch, we make switching to BMO easy. Simply transfer your pre-authorized payments from another financial institution to your new BMO bank account online in minutes. Current BMO customer can also use BMO Powerswitch to manage pre-authorized payments.
Resources
Understanding Chequing Accounts in 2025
We examine the ubiquitous chequing account – its versatility, benefits, types and more – and why it’s so popular.
How to find the best chequing account for your lifestyle
Why settle for a generic chequing account when you can find one that fits your lifestyle?
What’s the difference between a chequing and savings account?
Compare chequing vs. savings accounts and learn how you can use them both to your advantage.
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