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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Small Business Banking Plan

Monthly Plan Fee: $9.50

If you need the flexibility to access your Canadian dollar business current account both electronically and in-branch, this simple, cost-effective plan could be the one for you.

What you get every month

  • FREE when you keep a minimum monthly balance1 of $4,000 in your account
  • 15 monthly transactions2
  • Access to your account in-branch and through all our electronic channels
  • Unlimited account balance and account history inquiries
  • Unlimited transfers (customer initiated)
  • 2 deposit items returned unpaid (chargebacks) per month
  • Monthly eStatement with Cheque Image return
  • Around-the-Clock Deposit service access setup fee
  • Distinct deposit options for either cash-based or cheque-based businesses
  • BMO® Debit Card(s) for Business
  • Cheque and cash deposits (within specified limits)
  • Option to add a Business Premium Rate Savings Account3
  • Bank confirmation slips and loan-interest certificates (for your records and tax filing)
  • New Business Start-Up Package: New businesses (in first nine months of operation) pay no plan fee for the first three months

Additional options for cash or cheque based businesses

More Cheques More Cash
Monthly Plan fee $9.50 $9.50
Monthly transactions2 included 15 15
Monthly items on deposit (e.g. cheque, draft etc) 20 10
Monthly notes (currency) on deposit included $1,000 $4,000
Minimum monthly balance1 required to waive Plan fee $4,000 $4,000
Excess fees — in addition to monthly plan fee (per item)
Transactions2 over plan limit $1.00 $1.00
Notes (currency) on deposit (per $1,000) $2.25 $2.25
Coin on deposit (per $100, USD accepted at CDN $ par) $2.25 $2.25
Items on deposit (per item, e.g. cheque) $0.20 $0.20
Monthly Paper Statement Fee with Cheque Images $2.00 $2.00

Everyday Banking for Business Plans are available for Canadian Dollar Business Current Account only.

Our Everyday Banking for Business calculator can help you choose the right plan for your business.

Terms and Conditions

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