Banking offers for Indian newcomers moving to Canada

¹ More time may be required for processing the application for applicants from China. This is because additional documents may be required for the application.

² Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. For current rates and fees, visit your branch; or, for Mastercard products call the Customer Contact Centre at 1-800-263-2263, for the BMOB M O eclipse Visa Infinite^* Card call 1-833-256-7136, for the BMOB M O eclipse Visa Infinite Privilege^* Card call 1-833-256-7137. To review current rates and fees for the BMOB M O Prepaid Mastercard, visit bmo.com/rates-fees-prepaid, for all other credit cards visit bmo.com/rates-fees.

³ A fee of $5 per transaction will be charged unless the transaction is completed from an account with the Premium Plan, or Performance Plan. Transfer limits apply. Fees charged on U.S.U . S . dollar accounts are charged in U.S.U . S . dollars. There is no charge when sending funds from your BMOB M O Canada account to a BMOB M O U.S.U . S . bank account. Bank Plans that do not include unlimited transactions may be subject to excess transaction fees in addition to the transfer fee when you exceed the number of transactions in your Bank Plan.

⁴ Students at a full-time university, college or registered private vocational school are eligible to receive the Performance Plan with no monthly Plan fee or receive a discount equivalent to the Performance Plan fee from the Premium Plan fee. Recent Graduates from a full-time university, college or registered private vocational school are eligible to receive the Performance Plan with no monthly Plan fee or receive a discount equivalent to the Performance Plan fee from the Premium Plan fee for up to one year after graduation. You are responsible for all fees relating to any transactions, services, and products not included in your Bank Plan. Proof of eligibility is required.

For the Students discounted banking program, you must provide proof of registration. We may require proof of expected program completion, up to a maximum of four years, otherwise you may be required to provide annual proof of eligibility. Program benefits will end in the year in which you are scheduled to graduate (maximum of four years). To continue your eligibility for the Program, you must provide proof of expected program completion date or proof of registration by November 30 of the year in which your Program benefits end. Plan and other fees paid prior to confirming eligibility may not be refunded.

⁵ Includes everyday banking transactions at a BMOB M O branch, BMOB M O ATMA T M, BMOB M O Telephone Banking, BMOB M O Online Banking, BMOB M O Mobile Banking, debit card purchases, cheques drawn on your account and Pre-Authorized Debits.

⁶ INTERAC e-Transfer^® transactions are subject to maximum send and receive dollar amounts. For Bank Plans that do not include unlimited transactions, 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 may still apply when you cancel the transaction.

⁷ To qualify for any special offer pertaining to the BMOB M O NewStart^® Program as set out above, a customer must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years. Proof that status was obtained within the last five (5) years is required as evidenced by their Canadian Permanent Resident Card, Confirmation of permanent residency or work permit (IMMI M M 1442). The Bank Plan offer included in the BMOB M O NewStart^® Program applies to the Performance Plan only. Other Bank Plans are available but are not included in the free banking offer. You are eligible to receive the full monthly Plan fee rebated for a twelve (12) month period and are responsible for all transaction, service and product fees not included in your Bank Plan. After the twelve (12) months of being enrolled in the BMOB M O NewStart^® Program, eligibility for the monthly Bank Plan fee waiver ends and the full monthly Bank Plan fee ($16.95/month) will be applied to your account automatically.

⁸ We guarantee your interest rate for the selected fixed rate mortgage type and term for up to 130 days from the rate guarantee start date. If the mortgage is not funded within the 130-day period, the interest rate guarantee expires. Applicable to residential mortgages only and subject to Bank of Montreal standard lending criteria for residential properties. Longest rate guarantee of any major Canadian bank as of February 1, 2024.

⁹ At present the BMOB M O International Student GICG I C program offers a GICG I C in the amount of $20,635, which reflects the financial requirements for study permit applicants who intend to study outside the province of Quebec. For details, please refer to the IRCC website.

¹⁰ BMOB M O NewStart^® Pre-Arrival account opening program won two global awards for Newcomer Digital Experience in 2023: BAI Global Innovation Award for embracing digital innovation to transform the customer experience, and is the Gold winner in the Qorus Banking Innovation Awards 2023 for ‘Core Offering Innovation’. Visit B A I G l o b a l I n n o v a t i o n A w a r d f o r e m b r a c i n g d i g i t a l i n n o v a t i o n t o t r a n s f o r m t h e c u s t o m e r e x p e r i e n c e , a n d i s t h e G o l d w i n n e r i n t h e Q o r u s B a n k i n g I n n o v a t i o n A w a r d s 2 0 2 3 f o r ‘ C o r e O f f e r i n g I n n o v a t i o n ’ . V i s i t  https://newsroom.bmo.com/2023-11-29-BMO-Wins-Two-Global-Awards-for-Newcomer-Digital-Experience for more details.

^®* Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.

^* Trademark of Visa International Service Association and used under license.