BMO Relationship Checking

We automatically place your account in the silver, gold, platinum or premier Relationship Package based on your Quarterly Combined Balance across all your Eligible Deposit Accounts and Eligible Investment Balances. The tiers start with silver and move up to premier.

You can open a Relationship Checking account with as little as $25.

The monthly maintenance fee for the Relationship Checking account is $25. But we’ll waive the fee if you meet any of the following requirements:

• The minimum daily Ledger Balance in your account is $10,000 or more for the previous calendar month.
• You have a Monthly Combined Balance of $25,000 for the previous calendar month.
• You’re a client of our employee benefits program, Best of BMO U.S., and have requested the waiver from your BMO Banker.

To get the benefits of our tiered Relationship Packages, you just need a BMO Relationship Checking account ^{footnote 11}. We’ll automatically place you in a package based on your Quarterly Combined Balance across your Eligible Deposit Accounts and Eligible Investment Balances.

You’ll have the opportunity to move to a different tier every calendar quarter. Your Relationship Package may change on the first day of each calendar quarter (January 1, April 1, July 1, and October 1) when the Quarterly Combined Balance is recalculated for quarterly placement ^{footnote 11}.

If you change your account type or close your account, your fee rebates and interest rate increases may be affected. Here’s what you need to know:

For Relationship Checking account fee rebates:

• Account type changes: If you change your account type and a fee was assessed while the account was a Relationship Checking account, you’ll still get a rebate.
• Closed accounts: If you close your account and a fee was assessed while the account was a Relationship Checking account, you will not get a rebate.

For Relationship Plus Money Market account rate increases:

If you close your Relationship Checking account or change the account type, the Relationship Package interest rate paid on the Relationship Plus Money Market account(s) will continue through the end of the calendar quarter.