New to Canada?
Just want the basics?
Earn a * bonus when you open a Plus Plan Chequing Account online!
How to earn up to $800 in cash plus a Walmart Delivery Pass subscription for up to 12 months*
STEP 1Chequing Account Offer
Earn $500 when you:
- Open and fund a new BMO Performance or Premium Plan Chequing Account by June 1, 2026. Then, complete 2 qualifying criteria by July 31, 2026.
Earn $100 when you:
- Set up a recurring direct deposit of $500 or more by July 31, 2026 and maintain it for one year.
STEP 2Savings Account Offer
Earn a Walmart Delivery Pass Subscription for up to 12 Months when you:
- Open a Savings Amplifier Account by June 1, 2026,
- Deposit any amount by June 30, 2026
- Sign up for or update your existing Walmart Delivery Pass by July 31, 2026, and select Debit Mastercard as the payment option.
Earn $150 when you:
- Open a Savings Amplifier Account by June 1, 2026
- Deposit $10,000 or more within 30 days, and maintain that balance for 3 months
STEP 3My Financial Progress Offer
Earn $50 when you:
- Apply 1 Goal and 1 Strategy in My Financial Progress Plan by July 31, 2026
*For complete offer details, please review the terms and conditions.
Get a promotional interest rate with our Savings Amplifier Account
You’ll get a interest rate** guaranteed for up to 120 days† when you add it to a new Performance or Premium Chequing Account.
Unlimited no-fee transfersMake no-fee transfers to your other BMO accounts any time, including mobile and online transfer, and ATM.*99
Earn money when you saveBenefit from a competitive interest rate every time you save money.*12
No monthly fee or minimum depositSave money when you bank with no monthly fee and no minimum balance required.
More reasons to bank with BMO
New to Canada? Enjoy no monthly Plan fees*69 for two years with the BMO NewStart® Program
The BMO NewStart® Program includes special offers on accounts and services to help you save money and establish your financial future. Newcomers to Canada can open a Performance Plan chequing account with no monthly plan fees and get a*63 small safety deposit box for 12 months – that’s more than $260 in savings!
Bank account FAQs
If you meet the eligibility criteria, the Chequing Account and My Financial Progress cash bonus will be credited to your account by August 31, 2026. The Direct Deposit offer cash bonus will be credited one month after maintaining the direct deposit for twelve consecutive months. The Savings Account cash bonus will be credited by October 31, 2026.
Yes, this offer is available both in branch and online.
Yes! As long as neither of you have an existing chequing account with BMO or have closed an account between February 10, 2025 – June 1, 2026.
Yes, if you’re part of the following programs: Senior, BMO NewStart®, Registered Disability Savings Plan, Indigenous Banking, Bank at Work – Group Banking and PwC Bank at Work. All other discounted plans are excluded from this offer.
No, unfortunately if you already have a chequing account with us you are not eligible for this promotion. Please refer to the Terms and Conditions for more details.
If you closed your account between February 10, 2025 – June 1, 2026, you aren’t eligible for this promotion.
No, you’ll only earn a bonus on the first account that you open, assuming you meet the eligibility criteria.
Bill payments need to be done through online or mobile banking in order to be eligible for the bonus.
Bill payments must be of minimum $50 each in order to qualify for the offer.
No, each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill it has to be paid to different accounts numbers to be counted as 2 different bill payments.
Bill payments to BMO Credit Cards through Online/Mobile Banking will be considered as an eligible payment as per campaign criteria. Transfers to BMO Credit Cards through Online/Mobile Banking will not qualify as a bill payment.
No, you can only get the My Financial Progress cash bonus with either a Performance or Premium Plan.
Pre-Authorized Payments must be of minimum $50 each in order to qualify for the offer.
No, the pre-authorized payments are required to be made to different billers to qualify for the cash bonus.
Get up to $1,400 in benefits which includes a $800 cash bonus when you open a new chequing and Savings Amplifier Account plus the following savings: save on annual account fees when you maintain a minimum balance, get identity protection for free, and a bonus interest rate with a new Savings Amplifier Account. Please refer to the Terms and Conditions for more information.
When opening a new Performance or Premium Chequing Account, add a Savings Amplifier Account to earn the promotional interest rate on the new savings account. Please refer to Terms and Conditions.
Yes, you need to open both a new Performance or Premium Chequing Account and a Savings Amplifier Account to earn the bonus promo rate on the savings account. Please refer to Terms and Conditions.
Yes, to qualify for the savings offer you also need to qualify for all the requirements of the chequing offer as well. Please refer to Terms and Conditions.
Want to know more? That’s what we’re here for.
Come in and talk to us
Drop by your nearest branch to chat about your financial future.
- †We guarantee up to a promotional interest rate on balances deposited to a Savings Amplifier Account for up to 120 days from the account opening start date. This is an estimated value of $147.95 in total interest. If the Savings Amplifier Account is not funded, no interest will be earned. Promotional interest will be earned on the total balance within the Savings Amplifier Account. To qualify for the Promotional Rate, you must 1. Open a new Primary Chequing Account with the AIR MILES Plan, Performance Plan, Premium Plan, Practical Plan, or Plus Plan 2. Open a new Savings Amplifier Account 3. Make a deposit(s) into the Savings Amplifier Account. Interest is calculated on the daily account closing balance, up to a balance limit of $1,000,000, and paid monthly on the last business day of the month. For additional details please refer to Terms and Conditions.
- OnGuard®† is a registered trademark of Sigma Loyalty Group Inc.
- ®Identity Guard is a registered trademark of Intersections Inc.
- ®§ INTERAC e-Transfer is a registered trademark of Interac Inc. Used under license.
- ®†/™† Trademarks of AM Royalties Limited Partnership used under license by AIR MILES Loyalty Inc. and Bank of Montreal.