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Newcomers to Canada

At BMO, we know the journey to a new life in Canada can be hard, so we’re helping to make your arrival easier.
The BMO NewStart Programii offers the accounts and services you’ll need to get started here in Canada.
Start by getting FREE1 unlimited chequing in our Performance Plan and a free1 small safety deposit box2 for 12 months!

Performance Plan

FREE!for a yearii
UnlimitedInterac® e-transfersiv
FREE!Small Safety Deposit Box2

What we offer

No Annual Fee Credit Card
The no annual fee BMO® CashBack Mastercard®* gives you 1% back on your credit card purchases. You have options on when and how you redeem your CashBack rewards. We’re here to help you get your cash back your way.3
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Mobile/Online Banking
Manage your money wherever you are!

With the BMO® Mobile Banking app, completing everyday transactions is quick and easy so you can get on with your day, your way.
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Great Mortgage Rates
Your first home in Canada. We can help.

You could win a year of mortgage-free living!*
We’ll guide through the process, from pre-approval, down payment and everything in between.
Worldwide Money Transfer in Minutes!
Available through BMO Online Banking, the Western Union® ** Money Transfer® ** service allows you to safely and quickly send money to more than 200 countries and territories connected to the Western Union network.
BMO Alerts
Your account information right at your fingertips!

Stay on top of your credit card and bank accounts with BMO Alerts. Get timely account updates and reminders by email or text message.
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High Earning Investments
We can help you grow your savings with a 1.00% bonus interest rate on select eligible 1 Year BMO GICs**

  • Already in Canada
    Already in Canada
    Permanent Residents | Foreign Workers

    We welcome you as your journey unfolds in your new chosen home or place of work. At BMO, we have what you need to help you get started, get settled and prepare for your future.

    The BMO NewStartTM program features competitive rates for new Canadians and foreign workers. As Canada’s oldest bank, we have the history and resources to help you make the right choices for your financial needs.

    Use our branch locator to find Canadian locations that speak your native language.
  • Moving to Canada
    Moving to Canada
    As your application process nears its completion, consider having your money waiting for you when you arrive in Canada. You can make one international wire transfer into your new BMO account. Open a Canadian bank account at any BMO branch or by completing and mailing five completed forms.

    Complete forms to open a BMO bank account by mail.

    Open an account from Hong Kong or China at a Bank of Montreal, Hong Kong or Bank of Montreal (China) Co. Ltd., branch. Use our branch locator to find Canadian locations that speak your native language.
  • International Student
    International Student
    As you begin your academic life in Canada, we welcome you to your new home. We have what you need to help you get started, get settled, and prepare for your future.

    BMO offers free banking during school and for 12 months after graduation!i .

    Plus, learn how you can get a FREE SPC Card®† for discounts at hundreds of Canadian retailers, open a credit card and more!

    Find out more about BMO Student Banking

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New to Canada?

If you’re a permanent resident or foreign worker that arrived in Canada within the last 5 years, you’re eligible for the NewStart discounted banking program!

To open a chequing account with the NewStart discount banking program, visit any branch and bring the following:

1. Canadian Permanent Resident Card or Confirmation of Permanent Residence (IMM 5292 or IMM 5688) or work permit (IMM 1442)


2. One piece of valid, government issued, photo identification such as a passport or a Canadian driver’s licence.

More information on valid Photo Identification
®† Trade-mark/registered trade-mark of Student Price Card Ltd.
®§ Interac, Interac e-Transfer and the Interac logo are trademarks of Interac Inc. Used under license.
®** The Western Union name, logo and related Trademarks and Service Marks are owned by Western Union Holdings Inc., are used with permission.
* ‘One-year mortgage free living’ is the interest and principal payments on a mortgage of $500,000 with a 25-year amortization period and interest rate of 3.49% which equals 12 monthly payments of $2,493.71. No purchase necessary. The Contest begins on September 1, 2018, at 12:00 a.m. Eastern Time (ET) and ends on October 31, 2018 at 11:59 p.m. ET. Open to residents of Canada who have reached age of majority in their province or territory at the time of entry. There are (5) cash prizes of C$30,000 available to be won and may not equal winner’s actual mortgage payments. A correctly answered mathematical skill testing question is required before being declared a winner. Terms and conditions apply. Odds of winning depend on the number of eligible entries received. For full contest details, including methods of entry, visit
** Limited time offer. 1.00% bonus is applied to the posted rate for the non-redeemable 1-year BMO Guaranteed Investment Certificate at the time of purchase and is not applicable to any other term or product, and cannot be combined with any other special rate offer. Posted and Bonus rates may be changed or withdrawn at any time. GIC must be purchased at any BMO branch from September 1, 2018 to October 31, 2018.
1. BMO Performance Plan for New Canadians monthly fee waived for 12 months ($191.40) and annual fee waiver for a small safety deposit box ($55) for the first year. You are responsible for all transaction, service, and product fees not included the Plan.
2. Please check with your local BMO branch for availability. Receive a discount of $55 from the annual safety deposit box fee for the first year. The discount can be applied to any size safety deposit box. Not all sizes are available at all BMO branches.
3. Offer is cumulative over the statement period. Award of CashBack rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) and is subject to the CashBack Rewards Terms and Conditions and your BMO Mastercard Cardholder Agreement. The number of CashBack rewards will be rounded down to the nearest cent. Please note, in some cases, approval for a credit card may require a deposit or other collateral worth the full amount of the credit card.
i. Applies to the Kids, Teens, Students and Recent Graduates discounted banking programs in the Plus Plan when a Primary Chequing or Premium Rate Savings account is opened. For the Students discounted banking program, annual proof of full-time registration in a post-secondary university or college or registered vocational school due by December 24, of each year you're enrolled. Recent Post-Secondary School Graduates are eligible for one year of free banking under the Student discounted banking program. Proof of graduation from post-secondary education is due by December 24, of the year you graduate; otherwise the full monthly Plan fee will be applied automatically. Additional fees paid before eligibility is confirmed may not be refunded. You are responsible for all transaction, service and product fees not included in the Plus Plan.
ii. To qualify for any special offer pertaining to the BMO NewStart program as set out above, a customer must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years. Proof that status was obtained within the last five (5) years is required as evidenced by their Canadian Permanent Resident Card, Confirmation of permanent residency or work permit (IMM 1442). The Bank Plan offer included in the BMO NewStart program applies to the Performance Plan only. (Other Bank Plans are available but are not included in the free banking offer). You are eligible to receive the full monthly Plan fee rebated for a twelve (12) month period and are responsible for all transaction, service and product fees not included in your Bank Plan. After the twelve (12) months of being enrolled in the BMO NewStart program, eligibility for the monthly Bank Plan fee waiver ends and the full monthly Bank Plan fee ($15.95/month) will be applied to your account automatically.
iii. Includes everyday banking transactions at a BMO branch, BMO ATM, BMO Telephone, BMO Online and BMO Mobile and Tablet Banking, debit card purchases, cheques drawn on your account and Pre-Authorized Debits.
iv. The $1.00 service fee that may have applied when you use Interac e-Transfer has been eliminated for customers with an Everyday Bank Plan. The monthly Plan fee may still apply. Other transaction fees may apply if you have a Bank Plan that does not include unlimited everyday banking transactions. A cancellation fee may still apply when you cancel the transaction. Interac e-Transfer transactions are subject to maximum transfer dollar amounts.