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5 Star Program Terms and Conditions

  • To qualify for the 5 Star Program, you must have a minimum asset level of $250,000 CAD footnote 1 or make at least 15 online stock, ETF or option trades over a three month period. Clients are included into the 5 Star Program the day following Program requirements being met.

  • For option assignment and exercises, and CNQ market trades, the regular commission schedule applies.

  • All trades are charged on a per order basis and are not bundled for discounts. For example, where multiple trades are made on the same account, for the same security, on the same exchange on the same side of the market on the same day, each trade is charged the applicable commission rate.

  • Commissions are charged in the currency of the security traded.

  • Preferred interest rates do not apply to registered accounts, which receive standard interest rates.

  • BMO InvestorLine will reimburse transfer fees based on standard industry rates, to a maximum of $200 (CDN) per transfer, and may limit this offer at its discretion.

  • To qualify for the annual administration fee waiver, clients must belong to the 5 Star Program at the time the RRSP administration fee is being charged (December 31 of each year).

  • Level II quotes (market depth) are only available for NASDAQ, the Toronto Stock Exchange and TSX Venture markets.

  • For accounts to be combined to qualify for the 5 Star Program, they must be owned and/or co-owned by the same client; or they may be linked to a single User ID registered under the 5 Star Program. If you use Client ID to access your accounts, then the combined value will be based on all the accounts under your Client ID. If there is more than one Client ID user in a household residence, then all the assets under those Client IDs will be combined to qualify for the 5 Star Program.

  • If your Client ID includes Self-Directed & adviceDirect accounts, the assets in your adviceDirect accounts will be included for qualification in the 5 Star Program.

  • This Program is not open to Investment Club and Partnership accounts. BMO InvestorLine reserves the right to exclude accounts at any time.

  • The regular commission schedule applies for non-qualifying clients. All commission rates and services are subject to change.

Notes:

  1. For accounts to be combined to qualify for the 5 Star Program based on asset level, they must be owned and/or co-owned by the same client; or they may be linked to a single User ID registered under the 5 Star Program. For accounts to be combined to qualify for the 5 Star Program based on trade volume, they must be owned and/or co-owned by the same client. If you use Client ID to access your accounts, then the combined value will be based on all the accounts under your Client ID. If there is more than one Client ID user in a household residence, then all the assets under those Client IDs will be combined to qualify for the 5 Star Program.

  2. Program evaluation dates for probation and program exclusion are March 31, June 30, Sept. 30 and Dec. 31.