Learn about qualifying accounts
Performance Chequing Account
Plus, enjoy no-fee daily banking*90 for anyone in your household when they join your Everyday Banking Account.
New to Canada?
Features
Get accounts for family members without paying an additional monthly fee*86- Get up to a promo interest rate when you add a Savings Amplifier Account†
- Up to $40 rebate on the annual fee for eligible BMO credit cards*15
- OnGuard®† Identity Theft Protection at no charge*74
- Unlimited transactions*52
- No-fee Global Money Transfer transactions to up to 50 countries*103
Features
- Get accounts for family members without paying an additional monthly fee*86
- Get up to a promo interest rate when you add a Savings Amplifier Account†
- Up to $150 rebate on the annual fee for an eligible BMO credit card*10
- Preferred U.S. foreign exchange rate*35
- Unlimited transactions*52 and worldwide for non-BMO ATM withdrawals*53 at no cost
- OnGuard®† Identity Theft Protection at no charge*74
- No-fee Global Money Transfer transactions to up to 50 countries*103
Just want the basics?
Earn a * bonus when you open a Practical Plan Chequing Account online!
Earn $700 when you:
- Open and fund a new BMO Performance or Premium premium chequing account by August 6, 2026
- Set up a recurring direct deposit of at least $500 by September 30, 2026
- Complete 1 additional qualifying action by September 30, 2026. You can either:
- Make two bill payments of $50 or more to two different payees through online or mobile banking
- Set up two pre-authorized debits of $50 or more from two different payees
Earn $150 when you:
- Open a Savings Amplifier Account by August 6, 2026
- Deposit $10,000 or more within 30 days
- Maintain your deposit for 120 days to enjoy a promo rate**
- Maintain your deposit for another 90 days to earn your cash bonus
Earn $50 when you:
- Apply 1 Goal and 1 Strategy in the My Financial Progress plan by September 30, 2026
Get a Walmart+ membership for up to 12 monthsstar when you:
- Open and fund a new BMO chequing account by August 6, 2026
- Sign up for or update your existing Walmart+ Membership by September 30, 2026, and select Debit Mastercard as the payment option
footnote star For complete offer details, please review the terms and conditions.
*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.
Plus, for a limited time, get a Walmart+ membership for up to 12 monthsdouble dagger
Open and fund a new Chequing Account with the Practical, Plus, Performance, or Premium Bank Plan then complete the qualifying criteria to get a Walmart+ membership for up to 12 months. Offer ends August 6, 2026.
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 offer FAQs
If you meet the eligibility criteria, the Chequing Account and My Financial Progress offer cash bonus will be credited to your account by October 31, 2026 and the Savings Account cash bonus will be credited by April 30, 2027.
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 May 21, 2025 – August 6, 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 May 21, 2025 – August 6, 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.
Yes, the $900 cash bonus is a part of the total $1,400 value. Please refer to Terms and Conditions.
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 Blue Rewards 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 Corp. Used under license.