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Offers for newcomers to Canada

When you open a Performance chequing account with the BMO NewStart® Program, you’ll find exclusive offers. Plus with BMO NewStart®, you can enjoy other offers for credit cards, investing, overseas money transfers, and more that can make getting started here a little easier.

Open a Performance chequing account and enjoy the following:

Earn up to a $700* welcome bonus!

Performance Chequing Account

LEARN MORE

Chequing account offer FAQs

  • The BMO NewStart® Program offers banking products and services for permanent residents and foreign workers for their first five years in Canada. This program is designed to help make setting up your new life in Canada a little easier. Learn how the BMO NewStart® Program can help you.

  • For complete offer details on the cash bonus offer please review the full terms and conditions.

  • The BMO Family Bundle lets your loved ones enjoy no-fee daily banking*87 with all the benefits and privacy of separate chequing accounts. Get all the details about the BMO Family Bundle.

  • No, the maximum bonus is $50 even if you add more than one family member.

  • Bill payments need to be done through online banking or mobile banking in order to be eligible for the bonus.

  • Bill payments must be a minimum of $50 each in order to qualify for the offer.

  • Pre-authorized payments must be a minimum of $50 each in order to qualify for the offer.

  • Bill payments of at least $50 to BMO Credit Cards through Online/Mobile Banking will be considered as an eligible payment as per campaign criteria. Transfers to BMO Credit Cards through Online/Mobile Banking will not qualify as a bill payment.

Enjoy more offers from BMO

Bonus interest on GICs

Earn $275 in bonus interest when you invest in a 1-year BMO GIC.
  • Enjoy a bonus interest rate on select 1-5 year BMO GICs with the BMO NewStart® Program*69.
BOOK AN APPOINTMENT

Ready to get started? 

  • Open an account online

    Open a Performance chequing account as part the of the BMO NewStart® Program to get these offers.

  • Visit us

    Drop by your nearest branch to chat about your financial future in Canada.

    Find a branch

Footnote dagger details Subject to credit approval. To be eligible for the BMO NewStart® Program, you must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years, and you must be at the age of majority in your province or territory of residence at the time of account opening. Proof that your 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). A credit history in Canada is not required in order to be eligible for a credit card under the BMO NewStart® Program. If you don’t qualify for an unsecured BMO credit card, you may still be eligible for a credit card provided you give us a security deposit and meet BMO’s eligibility criteria.

Footnote delta details Calculation assumes the following:

  1. A balance of $50,000 is deposited into a 1-year BMO Guaranteed Investment Certificate at a 3.10% interest rate where regular rate is 2.75% and the Newstart program applies a special bonus interest of 0.35% to total rate.
  2. Note that the regular and bonus interest listed for New Canadians is subject to change or be withdrawn at any time without notice. This bonus rate is as of April 7, 2025.
  3. Interest rates are calculated on a per annum basis. Any Interest is calculated on the deposit amount and redeemed at the end of the term. Interest is paid in the same currency as the account.

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