BMO 2026 Fall Mortgage Cash Back Offer – Terms and Conditions

See below for terms and conditions of the BMO Mortgage Cash Back Offer and the BMO Everyday Banking Cash Back Offer, as applicable.

BMO Fall Mortgage Cash Back Offer – Terms and Conditions

From September 4 to December 11 (the “Mortgage Cash Back Offer Period”), receive up to $4,100 in cash back (the “Mortgage Cash Back Offer”) when you obtain a qualifying BMO Mortgage during the Mortgage Cash Back Offer Period and satisfy the eligibility requirements below.

A “qualifying BMO Mortgage” means a Fixed Rate Closed Term Mortgage, a Variable Rate Closed Term Mortgage, or a Homeowner ReadiLine (Installment), with a minimum principal amount (or, in the case of a Homeowner ReadiLine, installment balance) of $100,000 and an initial mortgage term of at least three (3) years.

To be eligible for the Mortgage Cash Back Offer, you must:

1. Obtain a qualifying BMO Mortgage during the Mortgage Cash Back Offer Period, either:

   1. to purchase a property; or
   2. by switching or refinancing a mortgage from another financial institution.
2. Fund your qualifying BMO Mortgage within one hundred and 130 days of the rate guarantee start date; and
3. Have a qualifying Canadian BMO Chequing Account and, at the time your qualifying BMO Mortgage is funded, deposit the mortgage proceeds into that account, where applicable.

A “qualifying BMO Chequing Account” means either:

• a new Canadian Dollar Primary Chequing Account with a Practical, Plus, Performance, Blue Rewards, or Premium Plan; or
• an existing Canadian Dollar BMO Chequing Account with one of those plans.

Mortgage Cash Back Offer Amount:

The amount of the Mortgage Cash Back Offer is based on the principal amount (or in the case of a Homeowner ReadiLine, installment balance) of your qualifying BMO Mortgage:

Mortgage Cash Back Retention Period:

A qualifying BMO Mortgage must have an initial mortgage term of at least 3 years to be eligible for the Mortgage Cash Back Offer. The Mortgage Cash Back Offer amount is also subject to a 5-year retention requirement:

• If you receive a Mortgage Cash Back Offer in connection with a Fixed Rate Closed Term Mortgage or a Variable Rate Closed Term Mortgage, you must maintain your qualifying mortgage in good standing with BMO for at least 5 years following the initial mortgage funding date in order to retain the full Mortgage Cash Back Offer amount.
• This may be satisfied by renewing your mortgage with BMO at maturity.
• If you do not satisfy this requirement, you will be required to repay a pro-rated portion of the Mortgage Cash Back Offer amount received.

Additional Conditions:

• The Mortgage Cash Back Offer is not available to customers who renew, refinance, port, or readvance an existing BMO Mortgage.
• All mortgage applications remain subject to BMO’s standard lending criteria and approval requirements.
• Only 1 Mortgage Cash Back Offer may be paid in respect of a qualifying BMO Mortgage, regardless of the number of borrowers.
• Changes to the mortgage interest rate, mortgage product, or mortgage term made after the Mortgage Cash Back Offer Period may result in the Mortgage Cash Back Offer no longer applying.
• The Mortgage Cash Back Offer amount will be paid within 5 business days after the qualifying BMO Mortgage is funded.
• This Mortgage Cash Back Offer cannot be combined with any other mortgage offer or promotion unless expressly stated otherwise.
• BMO reserves the right to change, withdraw or extend this Mortgage Cash Back Offer at any time without notice, subject to applicable law.
• Other conditions, limitations and restrictions may apply. Contact BMO for details.

Blue Rewards and the Blue Rewards logo are trademarks of Bank of Montreal, used under license by BMO Blue Rewards, Inc.

2027 Winter Everyday Banking Offer

The 2027 Winter Everyday Banking Offer (“Everyday Banking Offer”) is available from November 3, 2026 – March 1, 2027 (“Offer Period”). You can earn up to $1,000.00 in total cash bonuses when you open a new Canadian Dollar Primary Chequing Account with the Performance or Premium Bank Plan (each a “Chequing Account”) and open a new Savings Amplifier Account (“Savings Account”) at any BMO Bank of Montreal branch or online at bmo.com/cash.

Chequing Account Bonus Offer – up to $800

To qualify for the Chequing Account Bonus Offer, you must:

1. Open a new Chequing Account with an Eligible Bank Plan during the Offer Period, November 3, 2026 – March 1, 2027;

AND

2. Provide a valid email address^{1footnote 1}​ at the time of opening the Chequing Account. If the Chequing Account is a joint account, this requirement is met if one of the account holders provides a valid email address^{1footnote 1}​;

AND

3. Make a deposit of any amount to the Chequing Account by March 1, 2027;

AND

4. Set up one (1) recurring direct deposit of $500 or more from your employer, the government, or your pension, and have the first deposit appear in the Chequing Account by April 30, 2027; 

AND

5. Complete one (1) of the following Eligible Transactions (defined below) from the Chequing Account and have the transaction appear in the Chequing Account by April 30, 2027:

1. 1. Make two (2) bill payments of $50 or more to two (2) different payees through BMO Online Banking or the BMO Mobile Banking app;
   2. Set up two (2) pre-authorized debits (PADs) of $50 or more from two (2) different payees.

Eligible Transactions

• Bill payment: Make two (2) bill payments of $50 or more to two (2) different payees through BMO Online Banking or the BMO Mobile Banking app from your Chequing Account by April 30, 2027.  

Exclusions: A transfer from your Chequing Account to pay a BMO credit card or a BMO line of credit does not qualify as an Eligible Transaction.

• Pre-authorized debit (PAD): Set up two (2) PADs of $50 or more from two (2) different payees from your Chequing Account and have at least one (1) PAD from each payee appear in the Chequing Account by April 30, 2027. A PAD includes, but is not limited to, a pre-authorized bill payment to a service provider such as a utility bill, gym membership, or PAD to a BMO mortgage, BMO loan, BMO line of credit, or contribution to a BMO investment account.  

Exclusions: A PAD that is not paid and returned for any reason including non-sufficient fund, funds-not-clear, stop payment does not qualify as an Eligible Transaction.

Savings Account Cash Bonus Offer - $200

To qualify for the Savings Account Offer, you must:

1. Qualify for the Chequing Account Bonus Offer with the Performance Plan or Premium Plan;

AND

2. Open a Savings Amplifier Account by March 1, 2027;

AND

3. Deposit a total of $10,000 or more into the Savings Amplifier Account within the first thirty (30) calendar days of opening the Savings Amplifier Account;

AND

4. After the initial thirty- (30)-calendar day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 180 calendar days.

For example, if you open the Savings Amplifier Account on the first day of the month, you have until the 30th day of that month to make cumulative deposits totaling at least $10,000. Starting on the 30th day of the month, you must then maintain a daily closing balance of at least $10,000 in the Savings Amplifier Account for 180 consecutive calendar days. 

Exclusions:

• Chequing Accounts that are part of the Students, Medical and Dental Students, Recent Graduates, Kids and Teens, and Canadian Defense Community Banking discounted banking programs do not qualify for the Everyday Banking Offer
• Existing Customers are not eligible for the Everyday Banking Offer. An “Existing Customer” is anyone who currently has a BMO Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, Canadian or U.S. Dollar Premium Rate Savings Account, Smart Saver Account, Savings Builder Account, or Savings Amplifier Account (each an “Existing Account”) or anyone who closes their Existing Account between November 3, 2025 and March 1, 2027, and subsequently opens a new Chequing Account or Savings Account.
• If a Chequing Account or Savings Account is opened as a joint account, and any one of the account holders is an Existing Customer or if an Existing Customer closes an Existing Account between November 3, 2025 and March 1, 2027, then none of the account holders are eligible for the Everyday Banking Offer.
• Employees of Bank of Montreal and those with whom such employees are domiciled are not eligible for the Everyday Banking Offer.

Other

• Limit of one (1) Chequing Account Offer, and one (1) Savings Account Offer per customer or account if there is more than one (1) account holder on the Chequing and/or Savings Account. To be clear, no more than $1,000.00 in total cash can be earned regardless of how many account holders are associated with the Chequing Account or Savings Account.
• For the Chequing Account Offer, the cash bonus will be paid by October 30, 2027, and deposited to the Chequing Account. You have until November 30, 2027, to notify us if you believe you qualify for a cash offer and have not received a cash bonus, so that we can verify for your eligibility.
• For the Savings Account Offer, the cash bonus will be paid by October 30, 2027, and deposited to the Savings Account. You have until November 30, 2027, to notify us if you believe you qualify for a cash offer and have not received a cash bonus, so that we can verify for your eligibility
• Your Chequing Account must be open, in the Performance or Premium Bank Plan, and be in good standing at the time the cash bonuses are paid. For example, to be considered in good standing, your Chequing Account must not be in an unauthorized overdraft or in delinquent status. If you change your Bank Plan from the Performance or Premium Plan to any other Bank Plan before a cash bonus(es) are paid, you will no longer qualify for the Everyday Banking Offer.
• Your Savings Account must be open and be in good standing at the time the cash bonus is paid. For example, to be considered in good standing, your Savings Account must not be in an unauthorized overdraft or in delinquent status. If your Savings Account is not in good standing, you will no longer qualify for the Everyday Banking Offer.
• Your Chequing Account must remain open and in the Performance or Premium Plan until March 1, 2028. If you close your Chequing Account or change to any other Bank Plan before March 1, 2028, you will no longer qualify for the Everyday Banking Offer. If a cash bonus(es) has been paid, we reserve the right, in our sole discretion, to debit the Chequing Account or the Savings Account the full value of the cash bonus(es) paid to the respective accounts or send you an invoice for any amount outstanding if you no longer qualify.
• Your Savings Account must remain open until March 1, 2028. If you close your Savings Account before March 1, 2028, you will no longer qualify for the Savings Account Offer. If a cash bonus has been paid, we reserve the right, in our sole discretion, to debit the Savings Account the full value of the cash bonus paid to the Savings Account or send you an invoice for any amount outstanding if you no longer qualify.
• If the daily closing balance of your Savings Account falls below $10,000 during the 180-calendar day holding period, you will no longer qualify for the Savings Account Offer.
• We may change, shorten, extend, or withdraw the Everyday Banking Offer at any time without notice. We reserve the right, at our sole discretion, to suspend, disqualify, limit or revoke the Everyday Banking Offer for any customer we suspect of manipulating or abusing any of the offers included in the Everyday Banking Offer, or compromising the fairness, integrity or operation of the Everyday Banking offer.

 ^{Footnote 1 details 1}​ Your email will become part of your contact information and will be used in accordance with our Privacy Code which is available online at bmo.com/privacy. We may use your email to provide you with future offers tailored to your banking needs. You can unsubscribe from receiving promotional emails at any time by updating your email preferences at bmo.com/subscription-centre, by visiting your BMO branch, or by clicking the unsubscribe link contained in promotional emails.