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We’re making changes to some of our Bank Plans and Fees for Everyday Banking, effective May 1, 2024. Learn more. 

Performance Chequing Account

Our everyday chequing account for all your banking needs.

Get a cash bonus of up to $600!*

Overview

Everyday banking with great perks

Monthly plan fees

per month

OR

$0 

Per month*

*when you maintain the minimum monthly balance of 

Up to $600 cash bonus for new customers*

Up to a  interest rate on a savings account**

 transactions and Interac e-Transfer®Section*52

OnGuard® Identity Theft Protection at no charge*74

Get the BMO Advantage

3,300 + no fee ATMs

Bank at BMO ATMs across Canada for no fee.

Award-winning digital banking

Explore features like BMO CreditView® , BMO Savings Goals, and BMO QuickPay.

Personalized support

Connect with us in person at over 900 branches across Canada.

Fees

Let’s break down the fees and bonuses for this account

  • Fees

  • Monthly plan fee*4

    /month

    or

    $0/month with min  balance 

  • Transactions per month*52

  • Interac e-Transfer®section transactions*39

  • BMO ATM withdrawals

  • Non-BMO ATM withdrawals

  • Standard Overdraft protection*20

    $/month

  • Global Money Transfer*98

    No Fee

  • Earn a bonus!

  • Opening bonus for new customer*

    $600

  • Savings Amplifier Account promotional interest rate**

  • Bonus interest rate on a GIC*95

    Visit a branch to learn your special rate.

  • BMO credit card rebate*15

Full disclosure for the BMO Performance Chequing account.

More details

Compare chequing accounts to find the right one for you

Choose a BMO chequing account that meets your unique needs.

Compare chequing accounts

Banking for

Benefits for students, seniors, newcomers, and more

  • Students

    Enjoy no monthly Plan fee** while you’re in school and up to 12 months after you graduate.*65 *78

  • Newcomers to Canada

    Enjoy no monthly fee banking for one year,*69 no-fee BMO Global Money Transfers,*96 and more.

  • Seniors

    Everyday banking solutions designed for seniors with various account options including a no monthly fee*83 chequing plan.

  • Indigenous

    Enjoy banking with no monthly plan fee for a year*93 and preferred rates on other banking products.

  • Kids & teens

    Provide your children with a head start in financial well being and independence by opening a Chequing account with no monthly fees.*71 *72

  • Family

    One household, one monthly plan fee with the BMO Family Bundle.

  • Canadian Defence Community

    Enjoy banking with no monthly fee*80 and flexible mortgage options.

  • Business owners

    Find the business bank account that fits your needs whether you’re just starting out, growing or established.

Open a bank account online in minutes

step one

Choose an account

Find the right account for you or let us help you choose.

step two

Complete the online application

Our online application is fast, easy, and accessible.

step three

Sign up for BMO Online Banking

Register for BMO Online Banking and start using the BMO mobile banking app.

Mobile

Easy, secure digital banking

Click to download on the Apple StoreClick to download on Google Play
  • “Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”

  • “Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”

  • “My favourite part is how you can check your credit score any time you want with a single click!”

  • “Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”

  • “Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”

  • “My favourite part is how you can check your credit score any time you want with a single click!”

  • “Easy to use and always at my fingertips. I like being able to do my banking on the go and this app provides just that.”

  • “Makes banking, tracking, budgeting, and quick analysis of personal trends easy. Highly recommend!”

  • “My favourite part is how you can check your credit score any time you want with a single click!”

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Reviews have been edited for spelling and punctuation.

Award-winning mobile banking

Recognized for Excellence in Digital Banking for a third year in a row.

Honoured for digital money management features and account alerts.

Awarded for BMO CashTrack, an artificial intelligence (AI) driven capability.

Performance Chequing Account FAQs

  • A chequing account can be used to store your daily spending money. You can do everyday transactions with a chequing account, such as depositing your paycheques, paying bills and expenses, transferring money to other accounts, and making ATM withdrawals.

  • A chequing account is a great option for managing your everyday transactions, such as paying your rent or mortgage, doing in-store debit card purchases, or sending money online. With the BMO Performance Chequing Account, you get unlimited transactions *52  and Interac e-Transfer®Section,*39 making it that much easier for you to bank day to day. 

    A savings account is ideal if you’re trying to set money aside for a big purchase or financial move, such as a vacation, a car purchase, buying property, or completing a home renovation. With a savings account like BMO Savings Amplifier, you get access to competitive interest rate to encourage you to save and earn interest on your deposits. 

  • Open a chequing account at BMO in three simple steps.  

    1. Choose the account you’d like to open. We offer several chequing accounts, including the Performance Chequing Account, Premium Chequing Account, and Plus Chequing Accounts. 
    2. Complete the online application. You’ll need to provide basic information like your name, address, employment information, and Social Insurance Number (SIN). 
    3. Sign up for BMO Online Banking. Register for BMO Online Banking and start using the BMO mobile banking app. 
  • With the BMO Performance Chequing Account, you get unlimited transactions*52 per month.  

    When you move money out of your account – like an ATM withdrawal, bill payment or pre-authorized payment – that counts as a transaction. Money coming into your account – like payroll direct deposits or cash deposits at an ATM – don’t count as transactions.

  • Compare chequing accounts at BMO with our Help Me Choose Tool. This tool makes it easy and fast to determine which chequing accounts best fit your financial plans. You can also compare all our chequing accounts online to help you decide which option works for you.

  • Can I have multiple chequing accounts at BMO?

    Yes, you can open multiple chequing accounts at BMO, or add additional chequing accounts to your existing account, through BMO online banking. Learn more about adding another BMO chequing account.

    When you open a BMO Performance Chequing Account and a BMO Savings Amplifier Account at the same time online, you get access to a bonus interest rate on your savings account. 

    What is the best chequing account with no monthly plan fee at BMO

    The BMO Performance Chequing Account is a great option, as there is no monthly plan fee when you maintain the minimum monthly balance of .*4 You also get a $450 opening bonus* and unlimited transactions per month.  

    The BMO Premium Chequing Account is also another good option, with no monthly plan fee when you maintain the minimum monthly balance of .*6 You also get a $450 opening bonus* and unlimited transactions per month.*52 

Manage your pre-authorized payments with BMO Powerswitch

With BMO Powerswitch, we make switching to BMO easy. Simply transfer your pre-authorized payments from another financial institution to your new BMO bank account online. Current BMO customer can also use BMO Powerswitch to manage pre-authorized payments.

Resources

How to find the best chequing account for your lifestyle

Why settle for a generic chequing account when you can find one that fits your lifestyle?

What’s the difference between a chequing and savings account?

Compare chequing vs. savings accounts and learn how you can use them both to your advantage.

How to manage your money with multiple bank accounts

If you're having trouble managing your money, using multiple bank accounts can make it easier.

Ready to get started?

  • Open an account online

    Apply for an account online in as little as 7 minutes.

  • ®†OnGuard is a registered trademark of Sigma Loyalty Group Inc.
  • ®Identity Guard is a registered trademark of Intersections Inc.
  • ®†/™† Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Bank of Montreal.
  • ®* Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
  • ®§ Interac e-Transfer is a registered trademark of Interac Inc. Used under license.
  • ± Trademark of Visa International Service Association and used under license.