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Business Builder 3


Business Builder 3
  • A comprehensive Plan for only $80/month
  • No minimum balance required
  • 120 transactions per month7
  • C$8,000 cash deposits
  • 65 items deposited
  • Send 2 Interac e-Transfer®‡ transactions16
  • Unlimited Moneris®†** transactions6
  • Unlimited transfers to your other BMO account (customer initiated)



Best for

Enjoy even greater flexibility than most bank plans and get the monthly plan fee waived if you maintain a balance of $35,000 or more throughout the month.

Business Builder 3 is best for:
  • Those with a moderate to high volume of transactions per month
  • Those who maintain a balance of $35,000 or more throughout the month
  • Business owners looking for advanced electronic banking solutions
  • Business owners who use the branch as well as electronic channels

Features & Benefits

  • Flexibility to change any time at no cost
  • Additional savings when you bank electronically
  • Access to BMO® Online Banking for Business and Digital Smart Pack.
  • Monthly eStatement with cheque images
  • Cheque and cash deposits (within specified limits)
  • Unlimited account balances and account transaction histories when you use your BMO Debit Card and BMO self-serve channels20

Get more with no-monthly or annual fee services:


Business Premium Rate Savings Account

Put your extra cash to work for you, earning interest for your business.

Learn more

BMO CashBack MasterCard for Business

Get CashBack from every purchase

Learn more

Not sure where to start?

 

Let us help you find what you need by telling us a bit about your business.

 

Number of years in business

 

Annual revenue

 

Number of employees

 

 

Where You’re At

Starting Out

 

Sounds like you’re getting your business started. We have products, tips and tools that can help you get your business off the ground.

 

 

Growing Your Business

 

Looking to grow your business? We can help you build on what you’ve established, with services and solutions designed to take your business to the next level.

 

Managing Your Business

 

We can help you run your business more efficiently with cash flow, payroll and payment solutions that will make your day-to-day operations easier.

 

Transitioning

 

We can help you get the most out of what you put into your business, with succession and retirement planning services to suit your needs.

 

 


Banking with Us

We have bank accounts and plans designed to suit the needs of your business. Find the best match for you.


Credit Cards

Looking to separate your business and personal expenses? Explore our selection of Business Credit Cards.


Business Borrowing

Whether you’re looking to expand or to simply improve your cash flow, we have loans and lines of credit that can help.


Commercial Borrowing

We offer flexible borrowing solutions designed to help larger businesses grow and operate more efficiently.


Accepting Payments

Enjoy access to innovative, industry-leading payment solutions that make it easier for your customers to pay you.


Payroll Services

We can help make payday easier, with payroll solutions that ensure your employees are paid and taxed accurately.


Paying Taxes

We can help you file and pay government taxes online, including payroll source deductions, corporate income tax, GST and PST.


Cash Management

Our extensive cash management solutions can help you efficiently manage your payables, receivables, liquidity and risk.


Corporate Cards

Looking to simplify, control and monitor employee spending? Explore our wide range of corporate card options.



More information to help you choose


All plan options and fees

Plan options and fees

Service Business
Start
Business
Builder 1
Business
Builder 2
Business
Builder 3
Business
Builder 4
Monthly Plan fee $6 $20 $45 $80 $120
Transactionsi 7 35 70 120 160
Items Depositedii 0 25 45 65 90
Cash Deposited $0 $2,500 $4,000 $8,000 $12,000
Minimum balance to waive plan feeiii Not Available Not Available Not Available $35,000 $80,000
Additional features and overdraft protection

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:

 

  1. Fixed Fee
    • Overdraft protection readily available
    • $4.00 per month fee applies11
  2. Pay-per-use
    • Only pay for overdraft when you need it
    • $5.00 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 applies 13,14,15

 

Interac e-Transfers for your Business
Send or receive money using Interac e-Transfer®‡* 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-Transfer1: $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

Additional fees

The following per-item fees apply in addition to the monthly Plan fee for excess transactions above plan limits.
Electronic transactions3 $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

Next steps


Switch to BMO

Switch to BMO easily & seamlessly

Whether you’re switching to BMO, or already bank with us, we’ll assist you with transferring your pre-authorized payments and deposits to BMO.

 

Visit one of our branches, give us a call, or make an appointment to get started. The transfer generally takes four to six weeks to complete, and after that, you’ll be good to go.

Ways to bank

Ways to bank from in-person, to online or mobile or tablet

Count on hassle-free access to your business accounts

 

Bank online, by phone or using your mobile device 24 hours a day, 7 days a week, 365 days a year1, 2.

 

Take advantage of over 900 BMO® branches across Canada offering a full range of financial services.

 

Access your money, make deposits, transfer funds, get account balances and pay bills at any BMO ATM.

Use your BMO Debit Card for Business to make purchases anywhere you find the Interac®‡ Direct Payment in Canada and the Maestro®* network anywhere else in the world.

 

Call us seven days a week (8 a.m. – 8 p.m. ET), we're here to help. For questions, call the Customer Contact Centre – Commercial Service at 1-877-262-5907 or TTY 1-866-859-2089.

Banking Agreements

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

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

 

  • Trade Name Registration
  • Master Business License
  • Identification

 

 

Identification Requirements

 

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

 

  • Trade Name Registration
  • Master Business License

 

If your business is a Limited Partnership, the following:

 

  • Limited Partnership Agreement
  • Certificate of Limited Partnership/Declaration of Limited Partnership/Application for Registration of a Limited Partnership

 

 

Identification Requirements

 

  • 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

For 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 not formally established, bring:

 

  • Letter from the organization disclosing who has the authority to open and operate the account

 

 

Identification Requirements

 

  • 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

Not sure which Plan is right for you?

Let us help you

Related products

Moneris Payment Solutions

 

Moneris®†** Payment Solutions

 

Enhance your cash flow. With Moneris, you can accept credit and debit card payments on location, online, or on the go.

 

Learn more

 

 

Cash Management

 

We can help you quickly capture and convert sales and enhance your cash flow with cash management solutions.

 

Learn more

 


®†**MONERIS and MONERIS SOLUTIONS & Design, PAYD and Design are registered trade-marks of Moneris Solutions Corporation. PAYD Pro is a trademark of Moneris Solutions Corporation.

®‡ Interac, the Interac logo, and Interac e-Transfer are registered trademarks of Interac Inc. Used under license.

®* MasterCard, the MasterCard Brand Mark, Cirrus and Maestro are Registered trademarks of MasterCard International Incorporated. Used under license.

 

iThe 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.

 

iiStandard deposit contents fees will be waived on each month’s deposits up to these limits.

 

iiiThe 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 Plans.

 

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 Electronic transactions exclude transactions completed at a BMO branch or with the assistance of a Customer Contact Centre associate.

 

4 Assisted transactions refer to those completed with 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.

 

 

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