BMO Relationship Checking
Make the most of your money and get more rewards as your relationship grows with us. Open a Relationship Checking account and make real financial progress.
Enjoy our Relationship Checking benefits
The more you bank, the more you get with BMO Relationship Checking–Relationship Packages footnote 1 . The Relationship Silver package provides all the great benefits of the Relationship Checking account and a Relationship Package benefit.
Want to see all the benefits of Silver?
Build your balances to get even more benefits
Get more benefits the more you save across all your Eligible Deposit Accounts & Eligible Investment Balances. We’ll automatically place you in one of our four Relationship Packages based on your total balances. footnote 1  And when you reach a new level, we’ll adjust your rewards automatically, too.
Want to see all the benefits of Relationship Checking?
Reward yourself – Open an account online in minutes
Earn interest on your Relationship Checking account
Check out your rate!
Minimum balance to get Annual Percentage Yield (APY)footnote 7 | Interest rate (%) | APY (%)footnote 7 |
---|---|---|
$0.01 to $4,999.99 | X.X% | X.X% |
$5,000.00 to $9,999.99 | X.X% | X.X% |
$10,000.00 or more | X.X% | X.X% |
BMO Relationship CheckingFrequently Asked Questions
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 1 . 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 1 .
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.
We make banking easy
Manage all your banking needs, whenever and wherever you like. Bank from anywhere with our simple online and mobile8 tools or find a no-fee ATM close to you.
Over fourty thousandfee-free ATMs across the U.S.
Unlimited fee-free transactions at over 40,000 BMO and Allpoint®ATMs nationwide.9
Transfer money from anywhere, the fast way
Send, request and receive money from friends and family with Zelle®10 -- all with no user fees from us.
Account protection for added peace of mind
Bank with confidence knowing your deposits are FDIC insured and you’re protected by our Digital Banking Guarantee.11
Ready to get started?
Open an account online in less than 5 minutes or get in touch if you have any questions
Open an account online
Apply for an account online in less than 5 minutes. This application is safe and secure.12
Call us
Give us a call if you have any questions or you're ready to open an account.
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Come in to one of our branches to open your account in person.
Mastercard and Mastercard ID Theft Protectionâ„¢ and the circles design are registered trademarks of Mastercard International Incorporated.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Footnote 1 detailsTo access the benefits in a particular Relationship Package, you must have a BMO Relationship Checking account. See the Deposit Account Disclosure for details.
Footnote 2 detailsA Non-BMO ATM Transaction is any transaction conducted at a Non-BMO ATM, including, for example, a withdrawal, transfer, or balance inquiry. No BMO fee; however, the ATM owner or operator may charge you a surcharge fee for a withdrawal, transfer, or balance inquiry.
Footnote 3 detailsCertain 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.
Footnote 4 detailsSee the  Full Benefits Table for details.
5 Auto Pay Interest Rate Discount: To receive a 0.125% rate discount, you must authorize BMO at origination to withdraw your loan payment each month from your BMO consumer checking account. Housing Finance Agency, FHA, VA, and State Bond Program loans are not eligible for the interest rate discount but will receive a $500 closing cost discount if eligible. 6 To receive a 0.25% rate discount, you must authorize BMO at origination to withdraw your Home Equity Line of Credit or Home Equity Loan payment each month from a BMO personal checking account using Auto Pay. The discount can only be applied to a new Home Equity Loan or a new Home Equity Line of Credit.
7All Interest Rates and Annual Percentage Yields (APY) are accurate as of the effective date shown above. For variable rate accounts interest rates and APYs may change after the account is opened. At our discretion we may change the interest rate on these accounts daily. For accounts that have more than one tier, the interest rate corresponding to the highest tier into which the collected balance falls will be paid on the entire collected balance. 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. Fees or withdrawals will reduce earnings. These rates apply to our Illinois and Northwest Indiana locations, excluding locations in South Beloit, Roscoe and St. Clair County in Illinois.
8Message and data rates may apply. Contact your wireless carrier for details.
9Foreign Transaction Fees will apply at BMO and Allpoint® ATMs located outside of the United States.
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10Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. For details see the BMO Digital Banking Agreement found at bmo.com/en-us/legal/
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11Certain conditions and limitations apply. The Digital Banking Guarantee applies to personal accounts. Please see the BMO Digital Banking Agreement found at bmo.com/en-us/legal/ for details.
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12Visit the BMO Security Center for details.