Earn up to $660 in cash bonuses and rewards Footnote 1 Footnote 2
Personalized banking built around you
New personal checking clients in select eligible states can earn up to a $600 cash bonus footnote 1 when you open a new checking account and complete qualifying activities. Earn up to $60 in savings rewards Footnote 2 with a Savings Builder account.
Up to a $600 cash bonus footnote 1
$0 monthly maintenance fee
No minimum balance required Footnote 3- Fee-free transactions at more than 40,000 Allpoint® ATMs nationwide
- Bank on the go with BMO Digital Banking Footnote 4 – Pay your bills, transfer money and more
- Access to Mastercard ID Theft Protection® with your BMO Debit Mastercard® Footnote 5
- Get an extra day to avoid Overdraft Fees Footnote 6
Up to a $600 cash bonus footnote 1
$5 monthly maintenance fee or $0 if you're under age 25
- No minimum balance required Footnote 3
- Fee-free transactions at more than 40,000 Allpoint® ATMs nationwide
- Bank on the go with BMO Digital Banking Footnote 4 – Pay your bills, transfer money and more
- Access to Mastercard ID Theft Protection® with your BMO Debit Mastercard® Footnote 5
- No Overdraft Fees Footnote 7 for added peace of mind
Up to a $600 cash bonus footnote 1
$25 monthly maintenance fee or $0 if waived
- Relationship Packages Footnote 8 that offer more perks the more you bank with BMO
- Unlimited Non-BMO ATM Transactions Footnote 9
- Surcharge rebates for ATM fees charged by other banks (up to $25 per monthly statement period)
- Interest earned on your checking balance
- Access to Mastercard ID Theft Protection® with your BMO Debit Mastercard® Footnote 5
- Get an extra day to avoid Overdraft Fees Footnote 6
Earn up to $60 in savings rewards with Savings Builder
Open a new Savings Builder account and earn a $5 reward every month you grow your balance by $200 or more for the first year. Footnote 2
- Enjoy no monthly maintenance fee.
- Start saving with a low minimum opening deposit of just $25.
- Automate your savings with recurring transfers footnote 11 from your checking account.
How to claim our checking offer and savings rewards
Stay in control with next day grace
When you need it, BMO gives you an extra day to cover account overdrafts and avoid Overdraft Fees Footnote 6 because peace of mind is priceless.
Enjoy exclusive fan benefits
Repping your favorite team comes with perks – show your spirit with BMO's Fan Card Debit Mastercard® and get in on exclusive rewards!
Prefer to apply in person or on the phone?
Complete this form to receive your promo code to use when applying at a BMO financial center or by phone.
By providing your contact information, you agree to be contacted by a BMO banker about opening your BMO account and related banking opportunities.
Ready to apply?
Once you receive your promo code, have it ready to provide when applying in person or over the phone.
Give us a call
Our team is available to help.
Visit us in person
Drop by your nearest financial center and we'll help you get set up.
Footnote 1 details Offer is limited to one per client and account (including trustees, signers, and joint account owners). Offer is not available for existing BMO personal checking clients (including trustees, signers, and joint account owners) or those who have closed a BMO personal checking account within the past 12 months.
This offer is only available for accounts where the primary applicant (first person listed on the account) resides in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Minnesota, New Mexico, Nevada, Oregon, Utah, Washington, or Wisconsin at the time of application. Proof of address may be required.
To take advantage of the new personal checking account cash bonus offer, you must open your account between September 9, 2026 and December 15, 2026, and use the promo code. You may open your account at a BMO financial center, online, or by calling 1-800-546-6101.
- To apply for a checking account online, click through to the personal checking account cash bonus offer page, select “OPEN IN MINUTES,” for the checking account of your choice and we’ll automatically apply the promo code for you.
- To apply at a financial center or by phone for a checking account, click through to the personal checking account cash bonus offer page, enter your information, and select “SEND MY PROMO CODE” to receive the promo code you must use when opening your account.
Accounts opened online on December 15, 2026 must have their applications submitted and approved prior to 9:00 p.m. Central Time. If you open your account by calling 1-800-546-6101, we must receive your opening deposit and all signed account opening documents by December 15, 2026.
Personal checking new account cash bonus of up to $600:
Earn a $100 cash bonus per month (up to $600 for 6 months) when you open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account and have qualifying activities.
To receive the personal checking new account cash bonus of up to $600:
- Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account; and
- The primary applicant (first person listed on the account) must reside in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Minnesota, New Mexico, Nevada, Oregon, Utah, Washington, or Wisconsin at the time of application; and
- Beginning the month following account opening, earn a $100 cash bonus each consecutive month you have a cumulative total of $1,000 or more in qualifying direct deposits post to your account.
Business Days are Monday through Friday excluding any holiday on which the Bank and/or the Federal Reserve are closed for processing. Transactions received or occurring on a day other than a Business Day will be posted the next Business Day.
Qualifying direct deposits are deposits of regular income from an employer or similar third party - such as your salary, paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into the account - using your account number and BMO’s routing number that you provide to them. Non-qualifying examples include: teller deposits, wire transfers, ATM transfers or deposits, BMO Digital Banking transfers or deposits, deposits processed as a debit card credit or real-time credit, transfers from any bank or brokerage account, Account to Account or Peer to Peer (e.g. Zelle®, Venmo) transfers, and deposits received via merchant payment platforms (such as Square®). We reserve the right to request documentation, such as a pay stub or statement of earnings, that the direct deposits qualify.
Your checking account is eligible for up to 6 consecutive cash bonuses. Tracking begins the first calendar day of the month following account opening. Each month you meet offer requirements listed above, a $100 cash bonus will be paid to your account approximately 10 days after the beginning of the next month. The last $100 cash bonus can be earned 6 months after tracking begins. If your account does not meet the offer requirements outlined above in a particular month, you will not be disqualified for subsequent months. For example, you open your account in November and tracking begins December 1. In December you have $1,000 in qualifying direct deposits; the first $100 cash bonus will be paid to your account in January. In January you have $900 in qualifying direct deposits; you will not be paid the second $100 cash bonus in February. In February you have $1,000 in qualifying direct deposits; the third $100 cash bonus will be paid to your account in March.
You are only eligible for one checking account cash bonus offer; you cannot open multiple checking accounts and receive multiple cash bonus offers. The promo code is applied to the first Smart Money Checking, Smart Advantage Checking, or Relationship Checking account that is opened between September 9, 2026 and December 15, 2026.
Cash bonus(es) may be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. Offer can be changed or canceled without notice at any time and cannot be combined with any other offer. If your balance is zero, we may close your account. Your account must be open, in good standing, must have a balance greater than zero, and must be Smart Money Checking, Smart Advantage Checking, or Relationship Checking when the cash bonus(es) is paid.
Minimum opening deposit of $25 is required for BMO personal checking accounts. BMO Relationship Checking is a variable rate account. Interest rates and Annual Percentage Yields (APYs) may change daily after the account is open. Interest rates and APYs offered within two or more consecutive tiers may be the same. In this case, multiple tiers will be shown as a single tier. The following standard collected balance tiers and corresponding APYs are effective as of ERROR API VALUE NOT FOUND and are subject to change at our discretion at any time: 0.01% for all balances. Interest is calculated on the entire collected balance daily at the rate in effect for that balance tier. You must maintain the required minimum collected balance for each tier in order to earn the APYs disclosed. A periodic rate is applied on the collected balance in the account daily. Interest is compounded daily on the collected balance and credited to the account monthly on the statement period date. Checks you deposit into your account begin to earn interest on the Business Day we receive credit for them. Fees and withdrawals may reduce earnings. For account and fee information or current interest rates, visit bmo.com.
For every month your Savings Builder account balance grows by at least $200, we will credit the account with a $5 savings reward within 5 calendar days after the end of the month. To calculate if your balance has grown by $200, we will compare the Ledger Balance on the last Business Day of the previous month to the Ledger Balance on the last Business Day of the current month. Interest and savings reward payments will not count towards your balance growth. Tip: Deposits made on weekends and holidays will not be processed until the next Business Day. To ensure your deposit is counted for the current month, avoid scheduling your recurring transfer or deposits towards the end of the month.
Your account is eligible for 12 savings rewards beginning with the month your account is opened. The first savings reward is based on your savings growth from the Business Day the account is opened through the last Business Day of that month. If your initial deposit is not received until the month after account opening, the account will only be eligible for 11 savings rewards.
Your account must be open when the savings rewards are paid. Savings rewards will be reported to the IRS for tax purposes and you are responsible for any applicable taxes.
Exclusions:
- Savings rewards are available for new accounts only. An account switched into Savings Builder from a different product is not eligible for savings rewards.
- Savings rewards are limited to one Savings Builder account per customer as the Primary Account Owner. Only your first account opened is eligible for savings rewards.
- You are not eligible to receive savings rewards if you have previously opened a Savings account between February 3, 2020 and October 18, 2021 and participated in the Business Savings account – Savings Rewards offer.
Minimum opening deposit of $25 is required for Savings Builder, a variable rate account. Interest rates and Annual Percentage Yields (APYs) may change daily after the account is open. Interest rates and APYs offered within two or more consecutive tiers may be the same. In this case, multiple tiers will be shown as a single tier. The following collected balance tiers and corresponding APYs are effective as of ERROR API VALUE NOT FOUND, and are subject to change at our discretion at any time: 0.01% for all balances. Interest is calculated on the entire collected balance daily at the rate in effect for that balance tier. You must maintain the required minimum collected balance for each tier in order to earn the APYs disclosed. A periodic rate is applied on the collected balance in the account daily. Interest is compounded daily on the collected balance and credited to the account monthly on the statement period date. Checks you deposit into your account begin to earn interest on the Business Day we receive credit for them. Fees and withdrawals may reduce earnings. For account and fee information or current interest rates, visit bmo.com.
Accounts with zero balance may be closed.
Message and data rates may apply. Contact your wireless carrier for details.
Certain terms, conditions and exclusions apply. For complete coverage terms and conditions call 1-800-MASTERCARD (1-800-627-8372) for assistance. Refer to the Mastercard Guide to Benefits for more information.
For important information regarding overdraft services, please visit www.bmo.com/overdraft.
Items that overdraw the account are returned and ATM/everyday debit card transactions are declined.
To access the benefits in a particular Relationship Package, you must have a BMO Relationship Checking account. See the Deposit Account Disclosure for details.
Except for Bank of Montreal branded Participating ATMs and Allpoint® Participating ATMs, the ATM owner or operator may charge you a surcharge fee for a withdrawal, transfer, or balance inquiry. Foreign Transaction Fees will apply to all ATMs outside the United States (i.e. Non-BMO ATMs, Bank of Montreal branded Participating ATMs and Allpoint® Participating ATMs).
Please visit the FDIC website for current deposit insurance limits.
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.
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Card design and availability is subject to change without notice.
Mastercard, Mastercard ID Theft Protection® and the circles design are registered trademarks of Mastercard International Incorporated.
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