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Student banking

Make the most of your school year with:

Tools and advice for student life

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Student budget calculator
Figure out your expenses for the school year and if you have enough to cover them.
Mobile banking
Bank anywhere, anytime with the BMO Mobile Banking app. Send e-transfers, pay bills and more.
BMO Alerts
Keep tabs on your bank account and credit card activity. Get timely updates and reminders by text or email.


  • What is SPC, exactly?
    SPC is Canada’s exclusive loyalty card that provides students with discounts and deals at thousands of stores and restaurants across Canada.
  • How do I get discounts with my BMO SPC Mastercard?
    Enjoy discounts from SPC Card stores and restaurants when you use your BMO SPC Mastercard. When paying with your BMO SPC Mastercard, let the cashier know BEFORE paying that you qualify for the discount. Make sure your discount has been applied at the point of sale. At places that do not accept Mastercard, just show your BMO SPC Mastercard for the discount and then pay with cash or debit.
  • What kind of SPC card discounts can I get?
    Savings on fashion, dining, sporting, beauty, lifestyle and more. Show your SPC Card at thousands of participating locations to receive instant discounts every time you shop. Offers vary but the most common are 10% to 15% off. Download the SPC mobile app to find all SPC locations, discounts, deals and offers.

    The SPC card is accepted at thousands of locations across Canada. Plus, there are hundreds of local stores in your area offering you additional savings.
  • How can I get free student banking?
    It’s easy to get FREE1 student banking when you bank with BMO. You can save some serious cash – more than $130 a year on Plan fees2!

    To enjoy FREE1 banking for the length of your school program3, just pop into your closest branch before the December 244 deadline and update your student status. If you don’t update your status, regular Plan fees will apply starting January. Confirm that you’re enrolled full-time in an academic program5 and your expected graduation date, and your student status will be valid for the length of your program.
    And if you’re a recent grad you can still get free1 banking for an additional year! All you have to do is drop by a branch and confirm that you’ve graduated.
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  1. Students are eligible to receive the Plus Plan for no monthly fees or the Performance or Premium Plan at a discounted monthly fee. You are responsible for all fees relating to any transactions, services, and products not included in your Bank Plan.
  2. You are required to validate your status by providing proof of eligibility by December 24, of the current year otherwise the full monthly Plan fee will be applied starting January the following year. Plan fees paid prior to confirming eligibility may not be refunded. If a student has not validated their status by the December 24th deadline, regular account fees will apply starting January of the next calendar year.
  3. Up to a maximum of 4 years. If you are enrolled in a program which is longer than 4 years, you must update your enrollment status after the 4th year to maintain eligibility.
  4. Proof of full-time registration in a post-secondary university, college, or private vocational school required.
  5. Savings of $131.40 per year equals a savings of $10.95 per month in Plan fees over 12 months, for Students or Recent Graduates in the Plus, Performance or Premium Plan.
  6. Approval and credit limit are subject to meeting BMO s usual credit requirements. Must be a Canadian citizen or landed immigrant enrolled in a Canadian or non-Canadian post-secondary school or university. Co-signer may be required. Subject to credit availability and verification of identity.
  7. Continued access during residency is subject to the following limits: up to seven (7) years for Medical students and up to three (3) years for Dental students.