Business checking accounts
Our checking accounts simplify your banking, so you can get down to business. Find an account that’s tailored to your needs, whether your company is new, growing or established.
Open a business checking account today
Budget-friendly
$0 monthly maintenance fee with a $100 - Up to 100 free transactions footnote 2 per
- Up to $2,000 free cash deposits footnote 4 per statement period
- Free BMO and Allpoint ATM Transactions in the United States
Popular
- $0 monthly maintenance fee with a $1,500 Average Collected Balance
- Up to 200 free transactions footnote 2 per statement period
- Up to $5,000 free cash deposits footnote 4 per statement period
- Free BMO and Allpoint ATM Transactions in the United States
Earns interest footnote 1
- $0 monthly maintenance fee with a $10,000 Average Collected Balance or $25,000 Monthly Combined Business Balance
- Up to 500 free transactions footnote 2 per statement period
- Up to $20,000 free cash deposits footnote 4 per statement period
- Free BMO and Allpoint ATM transactions in the United States
Digital
- $0 monthly maintenance fee with a $500 Average Collected Balance
- Unlimited free incoming ACH transactions footnote 3 and incoming wire payments
- Up to $1,000 free cash deposits footnote 4 per statement period
- Free BMO and Allpoint ATM transactions in the United States
Checking accounts for businesses with unique needs
Business Checking Analyzed
For large businesses with complex banking needs
Non-Profit Small Business Checking
No monthly maintenance fee for non-profits
Open a checking account online in 3 simple steps
Check that you’re eligible
Corporations (S and C), limited liability corporations (LLCs), and sole proprietors can apply for some accounts online.
Apply in minutes
Apply online in minutes and get a decision on the spot. Get ready to apply with our Business Documentation Checklist.
Verify your ID with a selfie
To finalize your application, we may ask you to take a photo of your ID and snap a selfie to verify your identity without a branch visit.
Business checking accounts FAQs
To open a business checking account, you’ll need to provide some identification and supporting business documentation. Our Business Documentation Checklist includes everything you’ll need to open your new account.
If you’re opening an account online, you’ll also need to verify your identity. We may do this by asking you to take a photo of your ID and snapping a selfie.
There are many benefits of having a business checking account that’s separate from your personal account. A business account can help you:
- Keep your personal and business finances separate, for easier bookkeeping
- Track your business expenses more easily for tax purposes
- Accept card payments to give your customers more payment options
The size and unique needs of your business will help determine the best checking account for you. Here are a few questions to ask yourself when you’re choosing a business bank account:
- What are the service fees associated with the account, and how can they be waived?
- What balance do I plan to carry in the account?
- How many transactions (deposits, withdrawals, checks, etc.) does my business generate?
- Does my business need to deposit large amounts of cash?
- Does the account earn interest?
- What digital banking features are available?
A personal checking account holds your own money, and can be used to pay bills, make transfers and more.
A business checking account is meant to only hold money that you’ve earned through your business, like the money a customer pays for your goods or services. A business account can also help you organize your finances and can be used for business transactions like paying bills and payroll.
Every business has unique needs. You might choose to open multiple checking accounts to separate your different expenses or easily track revenue at different business locations. As long as your applications are approved, you can open multiple business checking accounts.
We make digital banking simple and safe
Manage your business banking from anywhere with our easy-to-use digital banking tools.
Streamline your payments processUse BMO Digital Banking footnote 5 to stay on top of payments. It's fast and simple.
Move your money easilyTransfer money footnote 6 between your business and personal accounts to manage all your finances with BMO Digital Banking footnote 5
Manage all your accountsSimplify your banking with Total Look. Manage all your accounts in one place, create budgets and track expenses.
- Bank from wherever work takes you
Skip the bank trip and send money through Zelle® footnote 7 or deposit checks using your smartphone footnote 8 or Remote Deposit.
We’ve got all your business banking needs covered
Simplify purchases, keep your personal expenses separate and earn rewards.
Get the funding you need to make your business goals a reality.
Make it easy for your customers to pay by accepting card payments anytime, anywhere.
Take the next step toward better business banking
Let us contact you
We’ll reach out by phone or email, whichever you prefer.
Visit us
Meet with a BMO Business Banker to talk about how we can help your business.
Call us
Give us a call to apply or ask questions.
Definitions of Capitalized Terms
Footnote 1 details Please read Interest Rates and Calculations for information on interest on deposit accounts.
Footnote 2 details Each additional transaction is $0.40. Transactions means non-ATM deposits, checks deposited, checks paid, and ACH credits and debits.
Footnote 3 details $0.40 for each check presented for payment against the account. Deposits made at a branch, by mail, by lockbox or as a “check deposit package”: $0.40, plus an additional $0.40 for each check included in the deposit.
Footnote 4 details A charge of $0.25 per $100 will be charged when coin and currency deposit threshold is exceeded.
Footnote 5 details Message and data rates may apply. Contact your wireless carrier for details.
Footnote 6 details If you make an Internal Transfer on a weekend or holiday, we'll credit the payment the same day, but we'll post the payment on the next Business Day.
Footnote 7 details U.S. checking or savings account required to use Zelle®. At BMO we require you to enroll in a checking account to use Zelle® for your small business. Transactions between enrolled users typically occur in minutes. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience. Zelle® should only be used to send money to people and businesses you trust. Zelle® does not offer protection for authorized payments, so money you send may not be recoverable. For additional details, see the BMO Digital Banking Agreement found at bmo.com/uslegal
Footnote 8 details Mobile Deposit is available using the BMO Digital Banking Mobile App. This service may not function on older devices. Users must be a BMO Digital Banking customer with a BMO account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, please see the BMO Digital Banking Agreement found at bmo.com/uslegal
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.