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Business Builder 2

Your business requires you to use your bank regularly throughout the month, both online and at your local branch. BMO Business Builder 2 is a comprehensive plan that offers good value plus advanced digital banking solutions.

$45

Monthly fee

No Minimum

balance required

70

Transactions per month26

2

Interac e-Transfer®‡* transactions16

Unlimited

Moneris®‡ Transactions22

Terms and Conditions

  1. Subject to interruptions in telecommunications or online systems or in power supply or any other factor or event beyond the control of Bank of Montreal.
  2. Mobile Banking is only available for customers registered for Online Banking.
  3. N/A
  4. Assisted transactions refer to those completed at a BMO branch or with the assistance of a Customer Contact Centre associate.
  5. Although BMO will not charge any fees in addition to your monthly Plan or account fees to access Mobile Banking, additional service fees may be charged by your service provider. Check with your service or hardware provider if you have questions about your specific device.
  6. Applies to all deposits posted by Moneris to your BMO business account in connection with your acceptance of Mastercard, Visa*, Interac, Discover* or Union Pay* branded cards and American Express* transactions that are settled by Moneris - including deposit of settlement funds, terminal rental fee, and any other fees. American Express credit card transactions that are not settled through Moneris are not included in unlimited Moneris transactions, and are subject to separate terms and conditions. Standard transaction fees apply. Refer to Moneris Solutions for complete details. All other debit or credit transactions posted to your BMO account related to any other brand of card processed using Moneris services, are not included and may be subject to transaction limits associated with your Plan and/or excess per-item transaction fees. (* Visa, Discover, American Express and Union Pay are trademarks of their respective owners.)
  7. Transactions include cheques negotiated and other debit or credit transactions to the account, including deposits (except cash and coin), withdrawals, electronic credits and debits, bill payment debits or debit card debits and credits. Cash and/or coin deposits are subject to deposit content fees of $2.25 per each $1,000 for cash and $2.25 per each $100 for coin.
  8. There are no daily or monthly transaction fee limits. A $5.00 per item fee will apply to each transfer.
  9. Overdraft limits range from $500 to a maximum of $2,499.99 and are subject to credit qualification.
  10. Available in Canadian dollars only.
  11. Interest is calculated on the daily overdrawn balance at prevailing overdraft interest rates and charged to the account on the last business day of each month.
  12. A $5.00 per item fee will apply to each debit transaction that creates or increases the overdraft up to your approved limit.
  13. There are no daily or monthly transaction fee limits. A $5.00 per item fee will apply to each debit transaction that creates or increases the overdraft.
  14. This fee is in addition to any applicable transaction fees.
  15. You are required to provide initial setup instructions for this service.
  16. Interac e-Transfer service may be restricted based on BMO Debit Card for Business privileges.
  17. Interac e-Transfers can only be sent from a Canadian dollar business account. Sending an Interac e-Transfer is considered an electronic debit to the account. Excess item or account per item fees may apply. The Interac e-Transfer fee is non-refundable, this includes cancellations. The AgriInvest Account and Business Premium Rate Savings Account are restricted from sending Interac e-Transfers.
  18. Interac e-Transfers can only be credited to a Canadian dollar account. There is no additional charge to receive an Interac e-Transfer. Receiving an Interac e-Transfer is considered an electronic credit to the account. Excess item or account per item fees may apply.
  19. Your Interac e-Transfer send limit may be lower than the posted daily limit depending on the Bill Payment Limit assigned to your BMO Debit Card for Business.
  20. BMO self-serve channels include BMO Online, Mobile and Tablet Banking, BMO Online Banking for Business, Telephone Banking (when using the interactive voice response (IVR) sytem and BMO ATMs.
  21. Speak to your tax professional for tax advice.
  22. Moneris payment processing fees still apply. Applies to all deposits posted by Moneris to your BMO business account in connection with your acceptance of Mastercard, Visa*, Interac, Discover* or Union Pay* branded cards and American Express* transactions that are settled by Moneris - including deposit of settlement funds, terminal rental fee, and any other fees. American Express credit card transactions that are not settled through Moneris are not included in unlimited Moneris transactions, and are subject to separate terms and conditions. Standard transaction fees apply. Refer to Moneris Solutions for complete details. All other debit or credit transactions posted to your BMO account related to any other brand of card processed using Moneris services, are not included and may be subject to transaction limits associated with your Plan and/or excess per-item transaction fees. (* Visa, Discover, American Express and Union Pay are trademarks of their respective owners.)
  23. Customers are allowed one Canadian Dollar Business Account included in the Business Banking Plan. Interest-Bearing Business Current Accounts (existing customers) are not eligible for Bank Plan benefits.
  24. The $1.50 per-item fee is waived for the first two Interac e-Transfer transactions sent each month. Sending and receiving money with Interac e-Transfer counts as an electronic transactions. Electronic excess or per-item transaction fees may apply.
  25. Access to BMO Online Banking for Business is subject to individual agreements and applicable fees. Fees subject to change.
  26. The monthly Business Banking Plan transaction limit includes cheques negotiated and other debit and credit transactions to the account including deposits, withdrawals, electronic credits and debits, bill payments or BMO Debit Card for Business purchases and refunds, and excludes customer initiated transfers between Business Bank Accounts. Cheques debited and transactions completed in branch or with an associate at the Customer Contact Centre count towards the monthly transaction limit first. Customer initiated transfers between Business Bank Accounts and account transaction histories completed through BMO Online Banking for Business, BMO Online Banking, BMO Mobile or BMO Tablet Banking do not count towards the monthly transaction limit.
  27. The monthly Business Banking Plan transaction limit includes cheques negotiated and other debit or credit transactions to the account including deposits, withdrawals, electronic credits and debits, bill payment debits or debit card debits and credits.
  28. Standard deposit contents fees will be waived on each month’s deposits up to these limits.
  29. The monthly Business Banking Plan fee can be eliminated by maintaining the minimum monthly balance at all times in a Business Account. Customers are responsible for all other fees relating to any transactions, services and products not included in the Business Banking Plan. The minimum balance waiver is only eligible for customers with the Business Builder 3 and 4 Business Banking Plan

Features and benefits

  • Want to change plans? No problem – you can switch any time for free
  • Bank online and you can save on some of your fees
  • Keep track of everything with free monthly eStatements (cheque images included!)
  • $4,000 cash deposits
  • 45 items deposited
  • Need to check something from last week or last month? Enjoy unlimited online account balances and transaction histories20
  • This plan is available for Canadian Dollar Business Current Account only

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Get more with no-monthly or annual fee services


More details to help you choose

Plan options and fees
ServiceeBusiness PlanBusiness StartBusiness Builder 1Business Builder 2Business Builder 3Business Builder 4
Monthly fee$0$6$20$45$80$120
TransactionsUnlimited electronic transactions*73570120160
Items deposited0025456590
Cash deposited$0$0$2,500$4,000$8,000$12,000
Minimum balance to waive plan feeNo MinimumN/AN/AN/A$35,000$80,000

Additional features and overdraft protection

Overdraft Protection for Small Business

If you have a Business Current Account or an account with a Business Banking Plan, Small Business Overdraft Protection is available to support your cash flow needs. Our Small Business Overdraft Protection Service is designed for your business if you require less than $2,500 in overdraft protection9,10 There are two fee options available:

Fixed Fee

  • Overdraft protection readily available
  • $4 per month fee applies11
  • Pay-per-use

  • Only pay for overdraft when you need it
  • $5 per item fee applies11,12,13
  • Overdraft Transfer Service is available to have funds transferred from your other BMO account, BMO Small Business Mastercard®* card or your Small Business Line of Credit. A fee of $5.00 per transfer applies13,14,15

     

    Interac e-Transfer for your Business

    Send or receive money using Interac e-Transfers®‡* for your business16. Quickly, easily and securely send and receive money to and from vendors, employees and more.

    Fee per Interac e-Transfer on all accounts and Plans:

  • Sending an Interac e-Transfer17: $1.50
  • Receiving an Interac e-Transfer18: No additional charge
  • Cancel an Interac e-Transfer17: $5.00
  • Daily Interac e-Transfer limits19:

  • Sending an Interac e-Transfer Limit: 24-Hour: $3,000/7-Day: $10,000 /30-Day: $20,000
  • Receiving an Interac e-Transfer Limit: 24-Hour: $10,000/7-Day: $70,000/30-Day: $300,000
  • Additional fees

    The following per-item fees apply in addition to the monthly Plan fee for excess transactions above plan limits.

    Electronic transactions$0.60
    Branch or assisted transactions4$1.25
    Deposits contents
  • Notes (currency) on deposit (per C$1,000)
  • $2.25
  • Coin on deposit (per US $100, coin accepted at par)
  • $2.25
  • Items on deposit (per item, e.g. cheque)
  • $0.20
    Monthly Paper Statement Fee with cheque images$3.00

    What to bring to a branch meeting

    If you're a sole proprietor

    Registered documents you'll need to bring

    If operating under a registered Trade Name, bring one of the following:

  • Trade Name Registration
  • Master Business License
  • Personal identification of the owner

    For a corporation

    Registered documents you'll need to bring

    If your business has been in existence less than 18 months, bring one of the following:1

  • Complete Articles of Incorporation
  • Letters Patent/Company Charter
  • Articles of Amendment
  • Articles of Amalgamation
  • Corporate Profile Report
  • If your business has been in existence more than 18 months, in addition to the above documents, bring one of the following:

  • Annual/Statutory Return
  • Certificate of Status
  • Certificate of Compliance/Existence and any filings under the applicable provincial securities legislation, such as financial statements
  • Financial statement or annual report signed by independent accounting firm
  • Government Assessment
  • Corporate search
  • If your business operates under a registered Trade Name, bring one of the following:

  • Trade Name Registration
  • Master Business License
  • Identification
  • Please bring the following identification:

  • Name, address, and nature of primary business
  • Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
  • Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
  • Name and occupation information for any directors or officers
  • 1 Documents include the names of current directors and/or officers and outline who has the power to delegate authorities and/or borrow on behalf of the corporation (if applicable).

    If you're in a partnership

    Registered documents you'll need to bring

    If your business is a General Partnership, bring the following:

  • Partnership Registration (if applicable)
  • Partnership Agreement
  • If your business is operating under a registered Trade Name, bring one of the following:

  • Trade Name Registration
  • Master Business License
  • If your business is a Limited Partnership, bring the following:

  • Limited Partnership Agreement
  • Certificate of Limited Partnership/Declaration of Limited Partnership/Application for Registration of a Limited Partnership
  • Please bring the following identification:

  • Name, address, occupation or nature of primary business
  • Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
  • Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
  • If you run an Unincorporated Association

    Registered documents you'll need to bring

    If your business has been formally established, bring one of the following:

  • Articles of Association
  • Copy of by-laws or constitution disclosing names and titles of directors and/or officers
  • If your association isn’t formally established, bring:

  • Letter from the organization disclosing who has the authority to open and operate the account
  • Please bring the following identification:

  • Name, address, occupation or nature of primary business
  • Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
  • Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
  • Name and occupation information for any directors or officers