Banking Fees
Pay-per-use Fees
The following account transaction fees apply to all personal accounts. These fees are not applicable if one of the Everyday Bank Plans is selected.
| Service | Interest Chequing1 | Premium Rate Savings | Smart Saver2 and Savings Builder2 |
| Self-serve | |||
| Electronic (per item) | |||
| Pre-Authorized Payments | $1.00 | $1.00 | Not available |
| Debit card purchase3 | $1.00 | Not available | Not available |
| Interac®‡ Online | $1.00 | Not available | Not available |
| ATM (per item) | |||
| Withdrawal | $1.00 | $5.00 | $5.00 |
| Funds transfer | $1.00 | $1.00 | $5.004 |
| Electronic bill payment | $1.00 | Not available | Not available |
| Account history inquiry | $1.00 | $1.00 | $0.85 |
| BMO Telephone Banking (per item)5 | |||
| Funds transfer | $1.00 | $1.00 | $5.004 |
| Bill payment | $1.00 | Not available | Not available |
| Account history inquiry | $1.00 | $1.00 | $0.856 |
| BMO Mobile and BMO Online Banking (per item) | |||
| Funds transfer | $1.00 | $1.00 | $5.004 |
| Bill payment | $1.00 | Not available | Not available |
| Account history inquiry | Free | Free | Free |
| Cheque drawn on account (per item) | $1.00 | Not available | Not available |
| Assisted-Service | |||
| Branch/Customer contact agent (per item) | |||
| Withdrawal | $1.00 | $5.00 | $5.00 |
| Funds transfer | $1.00 | $1.25 | $5.004 |
| Bill payment7 | $1.00 | Not available | Not available |
| Account history inquiry | $1.00 | $1.25 | Free |
| Other services | |||
| Paper statement8 (per statement/per month) | $2.00 | $2.00 | $2.00 |
| eStatement | Free | Free | Free |
U.S. Dollar
Fees funded from U.S. Dollar accounts will be collected in U.S. dollars.
Additional Services & Fees
The following fees are in addition to any applicable account transaction fees and monthly Everyday Bank Plan fees. Some of these fees may be covered by one of our Everyday Bank Plans.
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| Accounts | Per item or Transaction |
| Bill payment handling charge (Assisted-service) | $1.50 |
| Certificate of account balance | $10.00 |
| Interim statement of account Picked up at branch, mailed or faxed | $5.00 |
| Search and/or copy of personal account item (eg.statements,vouchers,cheque tracing, transaction receipts ) | $5.00 |
| Account closed within 90 days of opening | $20.00 |
| Dormant account notice | |
| If notice is acknowledged within 60 days | No charge |
| After 60 days: 2 year notice of dormant account | $20.00 |
| After 60 days: 5 year of dormant account | $30.00 |
| Unclaimed Balances 10 year transfer to Bank of Canada | $40.00 |
| Post-dated item held for deposit | $3.00 |
| Transfer/payment arrangements (in addition to any debit transaction fees) | |
| Set up or amend instructions for standing orders (regular payments/transfers from or between accounts in the same currency), except for Continuous Savings Plan9 | $4.50 |
| Telephone instructions accepted by branch10 | $4.00 |
| Your account balance to another financial institution | $20.00 |
| Cheques12 | Per item |
| Cheque image return (per month) | $2.50 |
| Certified cheque | |
| Requested by issuer | $20.00 |
| Requested by non-issuer | $30.00 |
| Stop payment | |
| Single cheque | $12.50 |
| Series of cheques (in sequence, per request) | $20.00 |
| Cheque negotiated for customer without a Personal Account (excluding Government of Canada cheques) | $5.00 |
| Foreign currency cheque13 | |
| Item deposited to Canadian dollar account (excluding American Express Travellers Cheques) | $5.00 |
| Item drawn on a Canadian dollar account | $20.00 |
| Items returned non-sufficient funds (NSF) (cheque or pre-authorized bill payment/debit) | $48.00 |
| Items sent on collection14 | |
| Cheques up to $250.00 CDN | $15.00 |
| Cheques over $250.00 CDN ($25.00 min. and $200 max. charge) | 0.125% |
| Overdraft Protection Services | Fees |
| Overdraft Transfer Service | |
| Per transfer15 | $5.00 |
| Overdraft Protection16 | |
| Standard (monthly fee and no per-item fees) | $4.00 |
| Occasional (no monthly fee)17 | $5.00 |
| Overdraft per item charge (OPIC) | |
| For each item that creates or increases overdraft18 Does not apply to amounts within Overdraft Protection - Standard limit | $5.00 |
| Sending Money to Others | Per item |
| Send an Interac e-Transfer®‡ | $1.00 |
| Cancel Interac e-Transfer on same day | No charge |
| Cancel an Interac e-Transfer on a different day18 | $5.00 |
| Interac e-Transfer®‡ (Smart Saver Account and Savings Builder Account) | $5.00 |
| Money orders or drafts (all available currencies)19,20,21,22 | $7.50 |
| Official cheque | $5.00 |
| American Express Gift Cheques | |
| Commission on total purchase | 3.00% |
| Wire payments23 | |
| Incoming (3rd party bank charges are the responsibility of the sender) | $14.00 |
| Outgoing (of wire value) | 0.20% |
| Minimum charge | $15.00 |
| Maximum charge | $125.00 |
| Plus: Communication charge | $10.00 |
| Financial Services for Travellers | Per item |
| Buying/selling currency | |
| U.S. currency for non-BMO customers | $2.50 |
| Purchasing foreign currency – Express delivery to a Canadian Branch | $10.00 |
| Purchasing foreign currency (other than U.S.$) – Delivered to a Canadian Address | $10.00 |
| Cashing Travellers Cheques | |
| Travellers cheques cashing fee for non-BMO customers (excluding American Express Travellers Cheques) | $3.00 |
| Courier fees when purchasing foreign currency using Online Banking | |
| Delivered to a Canadian address | $10.00 |
| Access to Accounts through non-BMO Bank of Montreal Channels25 | Per item |
| Withdrawal at non-BMO ATMs | |
| Inside Canada (Interac network) | $2.00 |
| Inside U.S.26 | $3.00 |
| Cash withdrawals using their BMO Debit Card at our newly expanded network of 1,350 BMO Harris BankSM ATMs in nine U.S. states, including Florida and Arizona27 | No additional fee |
| Outside Canada and U.S.26 (Cirrus and Maestro networks) | $5.00 |
| Debit card purchase | |
| Outside Canada | No additional fee |
| Ability to make debit card purchases at merchants outside of Canada28 | No additional fee |
| Non-BMO Customers Fees | Per item or Transaction |
| Cashing a cheque drawn on a BMO Bank of Montreal branch 29,30 | $5.00 |
| Cashing a Government of Canada Cheque30,31 | No Charge |
| Using BMO ATMs | |
| On the Interac network | $3.00 |
| On the Cirrus network32 | $3.00 |
| Buying or selling U.S. currency | $2.50 |
| Cashing Travellers Cheques33 | |
| Traveller cheques cashing fee (excluding American Express Travellers Cheques) | $3.00 |
| Using the Coin Counter (on the entire amount)11 | 8% |
| Safety Deposit Boxes34 | Annual Rental Fee |
| Small (1½ x 5 x 24) | $55.00 |
| Medium (2½ x 5 x 24)(3¼ x 5 x 24)(3 x 5 x 24) | $80.00 |
| Large (2½ x 103/8 x 24)(3 x 10 x 24)(5 x 5 x 24) | $150.00 |
| Extra Large (5 x 103/8 x 24) | $250.00 |
| Super Large (10 x 103/8 x 24) | $350.00 |
| Drilling of box and replacement of lost keys is charged at cost | |
| Note: Where applicable, PST/GST/HST is extra. BMO Bank of Montreal GST/H Number: R100390095. QST Number: 1000042494. |
|
Registered Plans
A fee of $50 (plus applicable taxes) may be applied to a registered plan account if you redeem it or transfer it, in whole or in part, to another institution.
Service Charges
If there are to be any increases, a list of personal account fee changes will be sent to statement account customers 30 days in advance of the increase. Notice of changes will be posted in branches and at ATM machines 60 days in advance of the increase.
Taxes
Services are identified which are subject to federal Goods and Services Tax and/or provincial sales tax. The tax paid will be indicated separately on statements, receipts, etc.
Deposit Interest Rates
Rates are subject to change from time to time. Up-to-date information is available online, at any BMO Bank of Montreal branch or by calling BMO Direct at (800) 363-9992. Interest rates are per annum.
U.S. Dollar
Fees funded from U.S. Dollar accounts will be collected in U.S. dollars.
Banking Agreements
Accounts and Plans No Longer Offered
Information on these accounts and services is for existing account holders only. Please visit your nearest BMO Bank of Montreal branch to see how our current suite of products may provide a better solution to your banking needs.
Download detailed information concerning Accounts and Plans (81 KB - PDF) that are no longer offered.
Interest Chequing
The Interest Chequing Account is no longer offered to new customers. Customers with an existing Canadian or U.S. dollar35 Interest Chequing account have cheque writing privileges, and their account can be used for ATM withdrawals, bill payments, debit card purchases, and for a Continuous Savings Plan. Existing accounts are not transferable between BMO branches.
Interest is calculated on the daily account closing balance, and paid monthly on the last business day of the month.
Individual account transaction fees apply or the account can be attached to a Bank Plan at a fixed monthly fee.
Fee Waivers
The following changes apply only to existing accounts that offer fee waivers based on minimum monthly balances. This waiver will be lost if the account becomes part of a Bank Plan or is changed to another type of account.
|
Account |
Minimum balance |
|
Interest Chequing36 |
$1,500 |
Account Maintenance Fee Waivers
The following applies only to existing accounts that offered a $200 account maintenance fee waiver.37 This waiver will be lost if the account becomes part of a Bank Plan or is changed to another type of account.
|
Account |
Minimum balance |
|
Interest Chequing36 |
$200 |
Plan Fee Waivers
The following applies only to existing accounts that offer Plan fee waivers on the Standard and Enhanced Plans, based on minimum monthly balances. This waiver will be lost if the Banking Plan is changed or the account is changed to another type of account.
|
Plan Type |
Interest Chequing36 |
|
Standard38 |
$10,000 |
|
Enhanced38 |
$15,000 |