BMO Elite Business Checking
Relationship Packages

Definitions of Capitalized Terms

^{Footnote 1 details1}We may offer higher interest rates when you are an Account Owner of both an existing Elite Business Money Market and BMO Elite Business Checking account. See the BMO Elite Business Checking account disclosure for details about Relationship Packages.

^{Footnote 2 details2}To access the benefits in a particular Relationship Package, you must have a BMO Elite Business Checking account. Each BMO Elite Business Checking account is placed in its own Relationship Package based on the Quarterly Combined Business Balance. Except for the paper statement fee waiver, benefits begin when the BMO Elite Business Checking Account is placed in a Relationship Package and continue through the calendar quarter, regardless of any change in Account balances.

A BMO Elite Business Checking account is placed in a Relationship Package on the first calendar day of the month after the Account opening (or the account type change) occurs. Your Relationship Package may change on the first day of each subsequent calendar quarter (January 1, April 1, July 1, and October 1) when the Quarterly Combined Business Balance is recalculated for quarterly placement (“Quarterly Placement”). You will receive a welcome communication with the first Relationship Package placement and a quarterly communication with each subsequent Quarterly Placement.

^{Footnote 3 details3}Elite Business Money Market is no longer for sale as of May 4, 2025. The terms below will still apply for customers who already have an existing Elite Business Money Market and a BMO Elite Business Checking account. We may offer higher variable interest rates based on a Relationship Package. For current interest rates, ask your BMO Banker for a current Interest Rate Sheet or call 1-888-340-2265. Interest rates earned on Elite Business Money Market are based on Relationship Package placement. If the Account Owners’ BMO Elite Business Checking Accounts are placed in different Relationship Packages, the best Relationship Package will determine the interest rates earned on the Elite Business Money Market Account. Initially, the Elite Business Money Market Account earns standard interest rates. The Elite Business Money Market Account earns Relationship Package interest rates beginning on the first Business Day of the month after the Account opening (or the account type change) occurs through the end of the calendar quarter. At each Quarterly Placement, the Elite Business Money Market Account earns Relationship Package interest rates beginning on the first Business Day of the calendar quarter through the end of the calendar quarter.

^{Footnote 4 details4}Certain terms, conditions and exclusions apply. For complete coverage terms and conditions call 1-800-MASTERCARD.

^{Footnote 5 details5}Foreign Transaction Fees will apply at Allpoint^® ATMs located outside of the United States.

^{Footnote 6 details6}Message and data rates may apply. Contact your wireless carrier for details. Mobile Deposit is available using the BMO Digital Banking 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/en-us/legal

^{Footnote 7 details7}BMO Incentive for Elavon Merchant Services Users: Receive a credit from BMO based on your use of Elavon Merchant Services referred by BMO Bank N.A. Incentive is calculated monthly based on the total ACH credits posted from Elavon bank card sales settlements during the prior calendar month and your Relationship Package level: Elite Silver Relationship Package 0.045% of prior month's settlements; Elite Gold Relationship Package 0.05% of prior month’s settlements; Elite Platinum Relationship Package 0.06% of prior month’s settlements; Elite Diamond Relationship Package 0.08% of prior month’s settlements. Incentive will be credited by BMO to your BMO Elite Business Checking Account by the fifth Business Day of the following month. Incentive is limited to $100 per month per BMO Elite Business Checking Account. If you change your Account type, the incentive for that month will be based on ACH credits posted from Elavon bank card sales settlements while the Account was a BMO Elite Business Checking Account. If the BMO Elite Business Checking Account is closed, the incentive will not be paid.

^{Footnote 8 details8}BMO Elite Business Checking account fee rebates are based on the Relationship Package assigned to your BMO Elite Business Checking account when the fee is assessed. Rebates will post to your BMO Elite Business Checking account by the third Business Day of the following month (e.g., a fee assessed in February will be rebated on the third Business Day in March). If you change your Account type and a fee was assessed while the Account was a BMO Elite Business Checking account, you will still receive a rebate. If you close your Account and a fee was assessed while the Account was a BMO Elite Business Checking account, you will not receive a rebate.

^{Footnote 9 details9}BMO Elite Business Checking Account paper statement fee will be waived for the calendar quarter following Quarterly Placement. If you change your Account type during the calendar quarter, the fee will only be waived when the Account is a BMO Elite Business Checking Account.

Merchant Services are made available by Elavon, Inc. and its affiliated entities which may be involved in providing any portion of the service (together, “Elavon”). BMO Bank N.A. (BMO) and Elavon are separate legal entities, which are not affiliated companies by common ownership, management, or control. BMO makes no representations or warranties either express or implied, of any kind with respect to the Merchant Services or any other products and services made available by Elavon, including, without limitation, those of merchantability and fitness for a particular purpose. Products and services made available by Elavon are subject to its management and credit approval. Elavon’s governing agreements contain the complete terms and conditions that apply to Elavon’s products and services. All product and service features are subject to change at any time without notice. Elavon is a registered trademark in the United States and/or other countries.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.