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eBusiness Plan

Skip the monthly fees when you do your business banking online with our eBusiness Plan.

$0

Monthly fee

No Minimum

balance required

Unlimited

electronic transactions*

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. When you sign up for a Business Start or Business Builder 1 Plan between January 1, 2018 and April 30, 2018 , the monthly Plan fee will automatically be waived for the first three months. You are responsible for all transaction, service and product fees not included in your Plan. Offer is limited, mention the PROMO CODE: SBPlans.
  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
Special offers for your small business
No plan fee for three months1

Choose either our Business Start Plan or Business Builder 1 Plan and don’t pay the monthly plan fee for the first three months2.
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Learn more
BMO Rewards Business Mastercard

Welcome Offer: Get 35,000 points after you spend $5,000 in the first 3 months. Plus we’ll waive the annual fee for the first year3.
Apply now
Learn more
Get a rebate of up to $5002 when you sign up for Moneris

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Accept debit and credit card payments any way your customers want to pay, in-store, online or on mobile.
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Free upgrade to ADP's HR Assist Portal3

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The all-in-one digital portal offers valuable HR templates and tools. Receive automatic access when you get ADP’s Small Business Payroll Solution.
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Terms and Conditions
  1. When you sign up for a Business Start or Business Builder 1 Plan between January 1, 2018 and April 30, 2018 , the monthly Plan fee will automatically be waived for the first three months. You are responsible for all transaction, service and product fees not included in your Plan. Offer is limited, mention the PROMO CODE: SBPlans.
  2. For more information on the BMO Everyday for Business Banking Plans, go to bmo.com/main/business/plans/compare
  3. BMO Rewards Business Mastercard applications must be received between January 15, 2018 and April 30, 2018 (the “Offer Period”) to be eligible for this offer. The 35,000 BMO Rewards welcome bonus points offer and the annual fee waiver in the first year is limited to new BMO Rewards Business Mastercard accounts.You will earn 35,000 BMO Rewards points when you spend $5,000 in eligible card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the first three (3) statement periods from the account open date. 35,000 BMO Rewards points will be applied to your BMO Rewards Collector Account on the statement following the eligible $5,000 spend. The annual fee of $120 for the primary owner’s card and the fee for each additional card will be waived for the first year. The annual card fees apply after the first year and will appear on your account statement twelve (12) months after the account open date. This offer is not available to current or former BMO Rewards Business Mastercard cardholders who reinstate a closed account or open a new account during the “Offer Period”. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. 35,000 BMO Rewards welcome bonus points will be applied to your BMO Rewards Collector Account following the first statement after your eligible spend. If you cancel your card within ninety (90) days of account opening, the welcome bonus will be cancelled. This offer may be withdrawn or changed without notice
  4. The promotional offer is available from January 1, 2018 and June 30, 2018 and is available only to new merchants located in Canada that meet the eligibility criteria. For details on the offer and the eligibility criteria, please visit www.moneris.com/bmooffer.
  5. Receive a HR Services Upgrade to TeamPay by ADP® Enhanced when you are referred by Bank of Montreal (“BMO”) by April 30, 2018 and sign and submit ADP's standard service agreement by May 31, 2018. Cannot be combined with any other promotions and is only available to new ADP clients in Canada with 1-49 employees that are referred by BMO and purchase TeamPay by ADP Essentials. ADP reserves the right to discontinue or modify this promotion at any time.
*Electronic transactions exclude financial transactions completed by a BMO branch representative or with the assistance of a Customer Contact Centre associate.