Checking Accounts

A checking account is a type of bank account that gives you easy access to your money, so it’s commonly used for everyday expenses. Your checking account will allow you to access the money in your account in a variety of ways, including:

• Withdrawing cash from an ATM or bank teller
• Making purchases using a debit card
• Writing checks
• Sending money to friends and family using Zelle^{® footnote 77}

Checking accounts are used to carry out your daily expenses and keep your money secure. They give you quick access to your funds. Here are some common uses for checking accounts:

• Paying by debit for regular purchases, like groceries, gas and takeout
• Paying your bills, including utilities, phone and rent
• Receiving direct deposits, including your paycheck
• Paying off your credit card balance

Opening a new account online is quick and easy. All you need is:

• Your phone number, email address and U.S. residential address
• Your date of birth and Social Security Number (SSN)
• U.S. citizenship (if you aren’t a U.S. citizen, don’t worry – you can apply by phone or in person at a BMO branch)
• A routing and account number so that you can start adding money to your checking account

You can open a checking account online in just a few minutes, which saves you the time spent traveling to a branch. Here are the steps you’ll need to take to open a new account online:

• Choose the account that’s right for you: Compare checking accounts and choose one that suits your needs.
• Submit your online application: Fill out your online application, including your contact information, personal details and employment status.
• Wait for confirmation: We’ll review your application, verify your identity and reach out to you when we’ve opened your new checking account. Then, we’ll send you your new debit card and account info by mail. The full process usually takes a few business days.
• Fund your account and get banking: Once you deposit your opening balance, you’ll be all set to make purchases, pay bills and get paid through your new checking account!

If you’re opening an account online, the application process takes less than five minutes. We’ll then verify your information and send you your new debit card by mail within a few business days.

If you prefer to open a checking account in person at a branch, the application process should take about 30 minutes. You’ll receive your debit card on the spot, so you can start using your account right away!

Switching to a BMO checking account is easy – you can make the change in three simple steps:

1. Set up direct deposit so your paychecks and other regular payments go directly to your new account.
2. Transfer your automatic payments over to your new account, so you don’t miss a bill payment.
3. Close your old account We’ll review your application, verify your identity and reach out to you when we’ve opened your new checking account. Then, we’ll send you your new debit card and account info by mail. The full process usually takes a few business days.

Looking for a detailed rundown of making the switch to BMO? Check out our Switch Kit