|Minimum balance to waive fee 4|
|12||Transactions per month included 20|
|Unlimited||Interac e-Transfer®§ transactions43|
A low fee chequing account for basic banking needs, including 12 transactions per month20
See special rates for kids, teens, seniors and more
Get free banking for children under 13 years old.
Receive Performance Plan free for 12 months if you have moved to Canada within the last 5 years. Visit a BMO branch to add this discount.
Beneficiaries of a Registered Disabilities Savings Plan receive special rates. Visit a BMO branch to add this discount.
Enjoy free banking or discounts on fees with the Performance Plan or Premium Plan starting at age 55.
Other plan discounts start at age 60.
Enjoy free banking or discounts on fees if you’re 60 or older
Non-BMO ATM withdrawals
|$2.00 for each Non-BMO ATM withdrawal|
|Unlimited Interac e-Transfer®§ transactions43|
Transactions in excess of monthly plan limit
|$1.25 each for transactions in excess of monthly plan limit|
|One eStatement or paper statement per month|
Included with monthly fee
Number of accounts you can add
|One Premium Rate Savings Account|
Premium Rate Savings Account
|Comes with a Premium Rate Savings Account|
Recognized for Excellence in Digital Banking for third year in a row
Live Agent & Automated Telephone Banking (Big Five Banks) award winner
BMO Named to the Global 100 Most Sustainable Corporations in the World for Third Straight Year
Ready to bank with us?
Open an account online
Add a Savings Account at no additional cost
You're opening Practical Plan - good choice. Make it even better and open an everyday savings account for free!
Earn daily interest, access your funds whenever you need them
Keep it simple
Life can get busy, but we can help you simplify things.
If you don’t do a lot of banking, why not save some money? The Practical Plan is a low-cost option that offers 12 transactions per month, and only costs $4.00 if that’s all you use. Even better – there’s no monthly fee if you keep a monthly balance of at least $2,000 minimum balance to waive plan fee1.
The BMO difference
Learn more about switching to BMO