BMO Smart Money Checking account
Our low monthly fee checking account gives you peace of mind with no overdraft charges. footnote 1
Open an online account in 5 minutes!
Highlights of a Smart Money Checking account
- $5
Monthly maintenance fee or $0 if you're under age 25
- Unlimited
Transactions at 40,000+ ATMs across the U.S
Get the perks you need to make real financial progress
No overdraft fees footnote 1 for added peace of mind
Access to 40,000+ fee-free ATMs across the U.S., nearly as many as the two largest banks combined
Banking at your fingertips with BMO Digital Banking – pay bills, transfer money and more
Personalized support through online chat, phone and in branch
Let’s take a closer look at fees and how to avoid them
Here are some fees we want you to know about.
| Feature | Fees |
|---|---|
| Monthly maintenance fee | $5 or $0 if you’re under 25 |
| BMO and Allpoint® ATM transactions in the U.S.Footnote 2 | FREE |
| Non-BMO ATM Transaction feeFootnote 3 | $3 |
| Paper statementsFootnote 4 | $2 (fee is waived if any individual associated with your account is 65 years or older; you can also go paperless for free statements) |
| Check imagesFootnote 4 | $3 (you can opt out of check images; or go paperless statements for free check images) |
| Overdraft feeFootnote 1 | $0 |
| Minimum opening deposit | $25 |
Get a full breakdown of the account fees, terms and agreements
Interested in exploring other checking accounts?
We’ve got one that meets your unique needs.
Recognized as a low-cost checking account
This account is certified by Bank On as a safe, low-fee choice. We’re proud to offer an affordable option that’s accessible to everyone.
BMO Smart Money Checking frequently asked questions
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) or Individual Taxpayer Identification Number (ITIN)
- U.S. citizenship or status as U.S. Resident Alien
- If neither applies to you, don't worry - you can still apply for an account by visiting a branch or calling us at 1-888-340-2265
- Information to help you deposit money from your other bank, including one of the following:
- The other bank's login credentials
- Their routing and account numbers
You can open an account online in less than five minutes! You can register for BMO Digital Banking right away, and your debit card will arrive in the mail within a few business days.
- If you’re under 25 years old, we’ll waive the monthly maintenance fee on your account; otherwise, you’ll pay $5 monthly.To avoid monthly fees, open a BMO Smart Advantage Checking account and opt for paperless statements.Learn more.
We make digital banking simple
Bank safelyFootnote 5 from anywhere with our simple online and mobile banking tools.Footnote 6
Transfer money on the go with Zelle®Footnote 7Send, request and receive money from friends and family quickly and easily with Zelle® – all with no user fees from us.
Bank from anywhere with mobile check depositFootnote 8Skip the trip to the bank and deposit checks directly from your smartphone with mobile deposits.
Manage all your accounts securelyFootnote 5Simplify your banking with BMO Total Look. Manage all your accounts in one place (even if they’re not with us), create budgets and track expenses.
Choose the right debit card for you
Select the debit card you want when you start your online application.
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Explore our resources for checking accounts
What is a checking account?
Checking accounts are used for a wide range of transactions and can help you manage your income and expenses. Find out what you should know.
8 key advantages of checking accounts to know
How can a checking account help meet your financial needs? Let us count the ways.
Checking vs. savings accounts: what you should know
Learn more about these products and how they can help you reach your goals.
Ready to get started?
Call us
Give us a call if you have any questions or you’re ready to open an account.
Apply online
Open an account online in 5 minutes or less!
Visit us
Come in to one of our branches to open your account in person.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Card design and availability is subject to change without notice.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The Chicago Bulls identifications are the exclusive property of NBA Properties, Inc. and the Chicago Bulls. ®2024 NBA Properties, Inc. All rights reserved.
The Chicago Blackhawks Primary Logo is a registered trademark of the Chicago Blackhawks Hockey Team, Inc.
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The Angel City FC identifications are the exclusive property of National Women’s Soccer League, LLC and Angel City FC, LLC. All rights reserved.
Accounts are subject to approval and are provided in the United States by BMO Bank N.A. Member FDIC
Footnote 1 details Items that overdraw the account are returned and ATM/everyday debit card transactions are declined.
Footnote 2 details Foreign Transaction Fees will apply at BMO and Allpoint® ATMs located outside of the United States
Footnote 3 details A Non-BMO ATM Transaction is any transaction conducted at a Non-BMO ATM, including, for example, a withdrawal, transfer, or balance inquiry. We charge this fee for each Non-BMO ATM Transaction, except for a balance inquiry. The ATM owner or operator may also charge you a surcharge fee for a withdrawal, transfer, or balance inquiry.
Footnote 4 details The monthly fee for paper statements is automatically waived if you opt to go paperless through your BMO Digital Banking preferences or if any individual associated with your account is 65 years or older. The monthly fee for check images is automatically waived if you opt to go paperless through your BMO Digital Banking preferences.
Footnote 5 details Visit bmo.com/en-us/security for details.
Footnote 6 details Message and data rates may apply. Contact your wireless carrier for details.
Footnote 7 details Must 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.
Footnote 8 details Mobile deposit is available using the BMO Digital Banking Mobile 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.