Terms & Conditions
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*1. The Practical Plan allows you to have one Canadian
or U.S. Dollar Primary Chequing Account or Interest
Chequing Account (existing customers) and one Premium
Rate Savings Account under the Plan. All other Bank
Plans allow you to have up to a total of 20 eligible
accounts in Canadian or U.S. dollars, any combination of
Primary Chequing Accounts, Premium Rate Savings
Accounts, and Interest Chequing Accounts (existing
customers only) under the Plan.
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*2. Per-item fees will apply when you exceed the number
of transactions included in your Plan.
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*3. You can have up to twenty (20) Canadian or U.S. Dollar
Primary Chequing, Premium Rate Savings or Interest Chequing
Accounts (for existing customers only) excluding Savings
Amplifier Accounts, Smart Saver Accounts (for existing
customers only) and Savings Builder Account under one (1)
Plan. One (1) account must be designated as the lead account.
The lead account is the one you designate to pay any fees
required by your Bank Plan, for example, your monthly Plan
fees and transaction fees. If you select a U.S. dollar account
as the lead account, all Plan and transaction fees will be
charged in U.S. dollars. All accounts covered by the Plan
are subject to the monthly transaction limit(s) for the
selected Plan
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*4. The monthly Bank Plan fee (excluding the AIR MILES Plan
and Practical Plan) can be eliminated by maintaining the
minimum daily balance indicated at all times throughout the
calendar month in a Primary Chequing account, which has been
designated as the lead account for your Bank Plan. The lead
account is the one you designate to pay any fees required
by your Bank Plan for example, your monthly Plan fees and
transaction fees. You are responsible for all transactions,
services and product fees not included in the Bank Plan.
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*5. You are responsible for all fees relating to any
transactions, services and products not included in your
Bank Plan.
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*6. The monthly Plan fee is waived. You are responsible
for all transaction, service and product fees not
included in your Bank Plan.
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*7. This account is no longer available with pay-per-use
pricing and must now be included in an Everyday Bank
Plan. This information is for existing customers without
an Everyday Bank Plan.
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*8. Your Primary Chequing Account or Interest Chequing
Account (for existing customers) must be your lead
account. The lead account is the one you designate to
pay any fees required by your Bank Plan, for example,
your monthly Plan fees and transaction fees. Get AIR
MILES Reward Miles when you make debit card purchases
minus refunds from your Primary Chequing Account. The
number of Miles will be rounded down to the nearest
whole number. Fractions of Miles will not be awarded.
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*9. Award of AIR MILES reward miles is made for debit
card purchases minus refunds from your Primary Chequing
Account when your Primary Chequing Account or Interest
Chequing Account (existing customers) is the lead
account for the AIR MILES Plan. The lead account is the
one you designate to pay any fees required by your Bank
Plan, for example, your monthly Plan fees and
transaction fees. The number of Reward Miles will be
rounded down to the nearest whole number. Fractions of
Reward Miles will not be awarded.
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*10. You will receive a rebate on the credit card annual
fee if you are the primary cardholder of an eligible BMO
credit card and a lead accountholder of a Premium Plan.
A rebate of $150 (the “Rebate”) will apply to the BMO Ascend World Elite Mastercard and a $120 rebate (the “Rebate”)
will apply to the BMO AIR MILES World Elite Mastercard,
BMO CashBack World Elite Mastercard or BMO eclipse Visa
Infinite Card (each a “BMO Credit Card”). You will
receive this rebate each year with a BMO Premium Plan
provided you continue to meet the Terms and Conditions.
Limit of one Rebate per Premium Plan, per person. If the
lead account is joint, and both accountholders have a
BMO Credit Card, the Rebate will be applied to the BMO
Credit Card with the higher annual fee. Credit Cards
issued through BMO Nesbitt Burns and BMO Private Banking
are not eligible for the Rebate. Your BMO Credit Card
account and your BMO Account must be in good standing at
the time the Rebate is applied. Full details are
available online at
bmo.com/PremiumRebate.
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*11. Subject to the Monthly Plan Limit.
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*12. Interest is calculated on the daily account closing
balance and paid monthly on the last business day of the
month. Interest is paid in the same currency as the
account. Interest rates are calculated on a per annum
basis. Interest rates and balance tiers are subject to
change without advance notice. Interest rates are
available online at
bmo.com/rates, at all BMO
branches where deposit accounts are kept
and by calling 1-877-225-5266.
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*13. Interest is calculated on the daily account closing
balance and paid monthly on the last business day of the month.
Interest is paid in the same currency as the account. Interest
rates are calculated on a per annum basis. The bonus interest
rate & posted rate may change any time without any prior notice.
Posted rate to be applied on Savings Amplifier Account after
the offer period.
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*14. When comparing the BMO Savings Builder Account with
other savings accounts available on the public websites
of CIBC, TD Canada Trust, RBC Royal Bank, Scotiabank,
Tangerine, PC Financial as of March 15, 2017.
Each additional transfer is $5.00. Bill payments,
Pre-Authorized Payments, debit card purchases,
Interac e-Transfer,
Interac Online purchases and cheques are
not permitted on this account.
The interest rate of
is comprised of a base
interest rate of
plus a regular
bonus interest rate of
. The base
interest rate applies to the entire balance in your
Savings Builder Account (“Account”). The bonus interest
rate applies to your Account balance up to $250,000 each
month in which you increase your monthly Account balance
by $200.00 or more. To determine if you are eligible for
bonus interest in a month, we will calculate the
difference between the closing balance on the last
business day of the previous month and the closing
balance on the last business day of the current month
excluding base interest from the current month, bonus
interest and any promotional interest credited from the
previous month and any withdrawal or transfer fees, and
that difference must be at least $200.00. The base
interest is calculated on the daily closing balance and
paid monthly on the last business day of the month. The
bonus interest is calculated on the daily closing
balance and paid monthly on the second business day of
the following month. The bonus interest is calculated
from the first business day of the month, regardless of
which day you may have qualified for bonus interest. The
base interest rate and bonus interest rate and balance
tiers may be changed at any time without notice. Current
interest rates are available at BMO branches where
accounts are serviced, at
bmo.com/rates
and by calling 1-877-225-5266.
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*15. You will receive an annual credit card fee rebate
up to $40 (the “Rebate”) if you are the primary
cardholder of an eligible BMO credit card and a lead
accountholder of a Performance Plan. A rebate of $40
will apply to the following eligible credit cards: BMO
AIR MILES World Elite Mastercard; BMO CashBack World
Elite Mastercard; BMO Ascend World Elite Mastercard; BMO AIR
MILES World Mastercard; BMO CashBack World Mastercard;
BMO Affinity AIR MILES World Mastercard; BMO Affinity
CashBack World Mastercard or BMO eclipse Visa Infinite
Card and rebate of $29 will apply to the BMO Preferred
Rate Mastercard (each a “BMO Credit Card”). You will
receive this rebate each year with a Performance Plan
provided you continue to meet the Terms and
Conditions. Limit of one Rebate per Performance Plan,
per person. If the lead account is joint, and both
accountholders have a BMO Credit Card, the Rebate will
be applied to the BMO Credit Card with the higher annual
fee. BMO employee Credit Cards and Credit Cards issued
through BMO Nesbitt Burns and BMO Private Banking
clients are not eligible for the Rebate. Your BMO Credit
Card account and your BMO Account must be in good
standing at the time the Rebate is applied. Full details
are available online at
bmo.com/PerformanceRebate.
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*16. The base interest rate applies to the entire
balance in a Savings Builder Account (“Account”). You
will earn bonus interest on your Account balance up to
$250,000.00, each month in which you increase your
monthly Account balance by $200 or more. To determine if
you are eligible for bonus interest in a month, we will
calculate the difference between the closing balance on
the last business day of the previous month and the
closing balance on the last business day of the current
month (excluding base interest from the current month,
bonus interest credited from the previous month and any
withdrawal or transfer fees); that difference must be at
least $200. The base interest is calculated on the daily
closing balance and paid monthly on the last business
day of the month. The bonus interest is calculated on
the daily closing balance and paid monthly on the second
business day of the following month. The bonus interest
is calculated from the first business day of the month,
regardless of which day you qualified for bonus
interest. The base interest rate and bonus interest rate
each may be changed at any time without notice. Current
interest rates are available at BMO branches where
accounts are serviced, at
bmo.com/rates
and by calling 1-877-225-5266.
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*17. We may change the monthly Account balance increase
amount required to earn Bonus Interest at any time.
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*18. Paid on the entire balance once the minimum balance
is reached.
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*19. Paid on the portion of the balance within this
tier.
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*20. Subject to credit approval. Interest will be
calculated on the daily overdraft balance at prevailing
overdraft interest rates and charged to the account on
the last business day of the month.
The Overdraft
Protection Standard monthly fee is waived if you have
selected the Premium Plan.
Overdraft Protection
fees apply individually to each account with an
authorized limit within the Plan.
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*21. Subject to credit approval. Interest will be
calculated on the daily overdraft balance at prevailing
overdraft interest rates and charged to the account on
the last business day of the month.
The Overdraft
Protection Occasional per-item fee is waived if you have
selected the Premium Plan.
Overdraft Protection
fees apply individually to each account with an
authorized limit within the Plan.
The Overdraft per-item fee applies to each item that
creates or increases overdraft. For cheques and
pre-authorized debits, we process debit transactions
against accounts in the order in which we receive them
via the clearing system. Overdraft per item charges will
be incurred in the same order as items are received from
the clearing system.
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*22. You are required to provide initial set-up
instructions for this service. The Overdraft Transfer
Service fee is in addition to any debit transaction
fees. Per transfer fee is waved if you have selected the
Premium Plan and for customers with the Student and
Recent Graduate or Seniors Discounted Banking Program.
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*23. Fee will apply for each additional transfer and for
each withdrawal. Refer to
Agreements, Bank Plans and Fees for Everyday Banking.
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*24. You are required to provide initial set-up
instructions for this service.
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*25. Bill payments, point-of-sale transactions, and cheques are
not permitted on this account.
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*26. This account cannot be included as part of an
Everyday Bank Plan.
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*27. A bill payment handling fee of $1.50 may also apply
where applicable.
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*28. Additional fees may be charged by the merchant for
use of point-of-sale devices.
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*29. One free funds transfer out of the account to
another BMO account via BMO ATM, BMO Telephone Banking,
BMO Digital Banking, at a branch, with a customer
contact associate or by automatic transfer out of the
account to another BMO account is allowed per month. A
$5.00 fee applies for each additional transfer.
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*30. These fees apply when you complete transactions
through the interactive voice response (IVR) system.
Assisted-service fees will apply when transactions are
completed with a customer contact associate.
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*31. Passbooks are no longer offered and are only
available to existing customers who have this service.
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*32. There is no charge to access BMO Mobile Banking.
Transactions completed through BMO Mobile Banking may be
subject to transaction fees depending on your bank
account or Bank Plan. Your mobile carrier or service
provider may charge fees when you access BMO Mobile
Banking. Check with your mobile carrier or hardware
provider if you have questions about your specific
device.
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*33. BMO Online Banking and BMO Mobile Banking may not
be available in all countries.
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*34. You must be registered for BMO Online Banking
before you can use BMO Mobile Banking.
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*35. Preferred exchange rate for U.S. dollar transfer(s)
using BMO Digital Banking services (up to US$5,000
daily)
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*36. Subject to interruptions in telecommunications or
online systems or in power supply or any other factor or
event beyond the control of BMO.
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*37. Transaction limits apply to orders placed by BMO
Telephone Banking and BMO Online Banking.
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*38. Recipients will receive an email notification when
an Interac e-Transfer is available. There
may be a delay between sending and receiving the money.
Funds are credited to the recipient’s bank account
immediately after they complete the transaction if they
deposit the money online into a bank account at one of
the participating financial institutions in Canada.
Visit
interac.ca
for a list of participating institutions.
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*39. Interac e-Transfer transactions are
subject to maximum send and receive dollar amounts. For
Bank Plans that do not include unlimited transactions,
excess transaction fees may apply if you perform an
Interac e-Transfer transaction over and
above the number of transactions allowed for the Plan. A
cancellation fee may still apply when you cancel the
transaction.
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*40. This fee is charged if you cancel an
Interac e-Transfer unless you cancel it on
the same day it is sent (Eastern Time). It is also
charged when the Bank reverses an
Interac e-Transfer regardless of whether
you asked us to reverse it or not. This fee is in
addition to the non-refundable
Interac e-Transfer fee that may apply when
you send an Interac e-Transfer, if
applicable.
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*41. Digital Banking Includes Mobile and Online Banking.
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*42. BMO Alerts may not be available outside of Canada.
Standard messaging and data charges may apply.
BMO Alerts may be delayed or prevented because of a
variety of factors. We do not guarantee the delivery or
the accuracy of the contents of any alert. By using BMO
Alerts, you also agree that we will not be liable for
any of the following: (i) any delays, failure to
deliver, or misdirected delivery of any alert; (ii) for
any errors in the content of an alert; or (iii) for any
actions taken or not taken by you or any third party in
reliance on an alert. BMO Alerts received as text
messages on your mobile access device may incur a charge
from your mobile access service provider.
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*43. Terms, conditions and restrictions apply.
Identification and proof of purchase required.
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*44. Cheque images are not available with eStatements.
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*45. You will be able to view, save and print cheque
images from the previous three months through BMO Mobile
Banking and BMO Online Banking. If in the future you
require any copies of cheques that are no longer
available through BMO Mobile Banking and BMO Online
Banking you may request a copy at a BMO branch or by
calling 1-877-225-5266. A per-item fee may apply.
Cheques made payable to you or to cash, and cashed at
any BMO branch, may not be returned but are described on
your statement.
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*46. One paper statement is included with the Practical
Plan, Kids discounted banking program and Senior Plan
(discontinued Bank Plan) at no charge. This fee will
apply for each additional account statement.
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*47. Fee is in addition to any debit transaction fees.
The set-up fee is not applicable where the transfer is
for automatic savings or regular contributions to a
mutual fund, RSP or savings account.
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*48. You must have a signed verbal/facsimile agreement
with your branch before instructions can be accepted by
telephone.
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*49. Cost of personalized cheque orders for personal
deposit accounts will depend on quantity and type
selected.
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*50. You are not able to put a stop payment on
Pre-Authorized Debit for BMO credit products such as
loans, mortgages, credit cards, lines of credit.
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*51. Foreign currency items deposited and subsequently
returned may incur a foreign currency loss due to rate
fluctuations.
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*52. Includes everyday banking transactions at a BMO
branch, BMO ATM, BMO Telephone Banking, BMO Online
Banking, BMO Mobile Banking, debit card purchases,
cheques drawn on your account and Pre-Authorized Debits.
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*53. Some non-BMO ATMs may charge you a convenience fee.
The convenience fee is not a BMO fee and is added to the
total amount of your withdrawal. You are responsible for
the convenience fee that may be applied to your
transaction.
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*54. We and/or other financial institutions may charge
additional fees for refunds or replacements of lost or
stolen money orders or drafts. The receiving financial
institution may charge associated fees. U.S. dollar
money orders and drafts are available at no cost when
purchased through a U.S. Dollar personal account.
Foreign currency drafts are subject to sanctions
compliance regulations and payee names are screened
against persons listed under international sanctions.
Depending on the result of that screening, a payee might
not be able to cash a foreign currency draft.
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*55. Applies to purchases made outside of Canada on the
Maestro and Mastercard networks. Other transaction or
network fees may apply.
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*56. Five (5) monthly debit transactions using non-BMO
ATMs on the Cirrus Network and unlimited monthly direct
payment purchases at merchants using Maestro service.
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*57. Per-transaction and cumulative limits may apply.
Upon request, this feature can be deactivated.
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*58. For purchases made through the Mastercard network,
a hold may be put on your bank account in the amount of
your purchase in Canadian dollars. The hold will be
removed when the transaction is debited from your bank
account. The exchange rate for converting foreign
currency transactions to Canadian dollars is the rate
charged to us by Mastercard International on the date
the transaction is posted to your account, plus 2.5% for
purchases and minus 2.5% for refunds. For foreign
currency transactions other than U.S. dollars, the
amount is first converted to U.S. dollars and then to
Canadian dollars.
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*59. Subject to the terms and conditions of your
agreement for banking services. For complete details of
your reporting obligations and responsibilities:
personal banking customers should refer to the
Electronic Banking Services Agreement part of the
Agreements, Bank Plans and Fees for Everyday Banking;
and business banking customers should refer to the BMO
Debit Card for Business and Telephone Banking/Online
Banking section of the Agreement for Business Banking.
Both agreements are available online at
bmo.com
and at your local BMO branch.
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*60. Fee does not apply for use of BMO Harris ATMs or Allpoint branded ATMs in the United States on the Cirrus network. Non-BMO ATMs in Canada and ATMs outside of Canada (excluding BMO Harris ATMs or Allpoint branded ATMs in the United States) may charge a convenience fee. The convenience fee is not a BMO fee and is added to the total amount of your withdrawal. You are responsible for the convenience fee that may be applied to your transaction. Per-item fees will apply when you exceed the number of transactions included in your Plan.
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*61. Other financial institutions may have associated
fees for incoming and outgoing wire transfers.
Inquiries/traces etc. may be subject to fees other than
those collected by BMO. Inquire in branch for details.
When an investigation is requested, an investigation fee
may be collected.
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*62. 0.25% bonus is applied to the posted rate for non-redeemable
1-year to 5-years 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. The GIC must be purchased at a BMO branch. Offers
may be changed, withdrawn, or extended at any time without notice.
Investment professional refers to Personal Bankers, Financial Planners, Investment
and Retirement Planning and Investment Specialists that are representatives of BMO
Investments Inc.
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*63. Please check with your local BMO branch for availability.
Receive a $60 cash bonus with the BMO NewStart Program when you
open a Primary Chequing Account in the Performance Plan under the
BMO NewStart Program and rent a safety deposit of any size. Not all
sizes are available at all BMO branches.
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*64. All sizes may not be available at all BMO branches.
Fees for related services will be debited from your BMO
deposit account. Sizes are measured in inches.
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*65. For the Students discounted banking program, you must provide proof of registration. We may require proof of expected program completion, up to a maximum of four years, otherwise you may be required to provide annual proof of eligibility. Program benefits will end in the year in which you are scheduled to graduate (maximum of four years). To continue your eligibility for the Program, you must provide proof of expected program completion date or proof of registration by November 30 of the year in which your Program benefits end. Plan and other fees paid prior to confirming eligibility may not be refunded.
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*66. The Senior Discounted Banking Program provides you
with a monthly discount that can be applied to the
Practical, Plus, Performance, AIR MILES or Premium Plan.
To qualify for the Senior Discounted Banking Program you
must be 60 years of age or older; or, if your account is
joint, one of the accountholders is 60 years of age or
older. The Senior discounted banking program will be
applied automatically the month after you turn 60 if
proof of age is on file and you are in an eligible Plan.
The discounted banking program is not eligible on Plans
no longer offered.
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*67. If you are the beneficiary of an RDSP or, if you
open the Plan to hold account(s) in trust for the
beneficiary, you are eligible to receive a discount to
the Premium, Performance, AIR MILES, Plus or Practical
monthly Plan fee. To qualify, you are required to
provide proof of eligibility before the discount will be
applied to the monthly Plan fee. Additional fees paid
before eligibility is confirmed may not be refunded.
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*68. You are required to provide proof of eligibility
once every three years otherwise the full monthly Plan
fee will be applied automatically. Plan and other fees
paid prior to confirming eligibility may not be
refunded.
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*69. 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 ($16.95/month) will be applied to your
account automatically.
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*70. For any of the discounted banking plans, proof of
eligibility is required. Customer is responsible for all
the fees of any transactions, services and products not
included in the Everyday Bank Plan.
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*71. Teens discount is for 13 to 18 years of age. Teens
are eligible to receive the Plus Plan with no monthly
Plan fee or receive a discount equivalent to the Plus
Plan fee from the Performance or Premium Plan fee. You
are responsible for all fees relating to any
transactions, services and products not included in your
Bank Plan. On your 19th birthday, eligibility for the
Teens discount ends and the full monthly Plan fee will
apply.
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*72. Kids discount is for children 12 years of age and
under. Kids are eligible to receive the Plus Plan with
no monthly Plan fee or receive a discount equivalent to
the Plus Plan fee from the Performance or Premium Plan
fee. You are responsible for all fees relating to any
transactions, services and products not included in your
Bank Plan. On your 13th birthday, your eligibility for
the Kids discount ends and you will be included in the
Teens Discounted Banking Program.
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*73. Students at a full-time university, college or registered private vocational school are eligible to receive the Performance Plan with no monthly Plan fee or receive a discount equivalent to the Performance Plan fee from the Premium Plan fee. Recent Graduates from a full-time university, college or registered private vocational school are eligible to receive the Performance Plan with no monthly Plan fee or receive a discount equivalent to the Performance Plan fee from the Premium Plan fee for up to one year after graduation. You are responsible for all fees relating to any transactions, services, and products not included in your Bank Plan. Proof of eligibility is required.
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*74. Plan, transaction, service and product fees may
still apply. You’re eligible for OnGuard if you are a
BMO customer who has a lead account* with one of the
following Bank Plans: Performance Plan, Premium Plan,
Platinum Plan or Employee Plan. In addition, to qualify
for OnGuard, you must be a Canadian resident who has
reached the age of majority for your province or
territory, and you must be registered for BMO Online
Banking and/or Mobile Banking and you must have a valid
email address on your BMO profile and your lead account
must be in good standing. Customers with an eligible
Bank Plan with the Kids or Teens discounted banking
program do not qualify for OnGuard. All accountholders
of a lead account with an eligible Bank Plan qualify for
OnGuard provided they meet the above eligibility
requirements. If you switch your lead account to an
ineligible Bank Plan, then you will no longer qualify
for the OnGuard service. OnGuard retail value is $155.88
annually (charged at $12.99 per month). OnGuard is
provided by Sigma Loyalty Group and Intersections Inc.
Terms and conditions can be found at
www.bmo.com/onguard/SLGconditions.
*The lead account is the one you designate to
pay any fees required by your Bank Plan, for example,
your monthly Plan fees and transaction fees.
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*75. Must meet eligibility requirements. Refer to the
FAQs on
bmo.com/onguard
for details.
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*76. Plan, transaction, service and product fees may
still apply.
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*77. The discount will be applied to the Plan fee after
proof of eligibility is provided. Plan and other fees
paid prior to confirming eligibility may not be
refunded.
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*78. You are required to provide proof of eligibility by
November 30 of the year you graduate. If proof is not provided
by November 30, the Student Program benefits will automatically
end and the full monthly Plan fee will be applied starting in
December. Fees charged prior to providing proof of eligibility
may not be refunded.
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*79. The monthly Plan fee is waived. You are responsible
for all transaction, service and product fees not
included in your Bank Plan. Under the CDCB Kids (up to
12 years old) discounted banking program, you can
receive the Plus Plan at no cost. For the CDCB Teens
(ages 13 to 18) and CDCB Students discounted banking
program, you can receive the Performance Plan at no
cost. For the CDCB Student discounted program, the
discount will be applied to the Plan fee after proof of
eligibility is provided. Plan and other fees paid prior
to confirming eligibility may not be refunded.
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*80. Proof of CDCB eligibility is required. Offers may
be modified or withdrawn by BMO at any time without notice. The
monthly Performance Plan fee is waived. You, the customer,
are responsible for all transaction, service, and product
fees not included in the Plan.
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*81. Applications and the amount you can borrow are
subject to meeting BMO’s usual credit criteria. Some
conditions may apply. These special offers are not
available for the 5-year or 10-year BMO Smart Fixed
Mortgage or a Homeowner ReadiLine. To qualify for the
CDCB special rates on 5-year fixed and 5-year variable
rate mortgage, you must have a Canadian Dollar Primary
Chequing Account (Chequing Account) with a CDCB
Performance or Premium Plan; and set up the Chequing
Account as the funding account for the BMO Mortgage; and
have one (1) recurring direct deposit into the Chequing
Account.
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*82. Proof of CDCB eligibility is required. Offers may
be changed or withdrawn at any time without notice.
Applications and the amount you can borrow are subject
to meeting BMO’s usual credit criteria. You 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.
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*83. Seniors discount is for 60 years of age and older.
Seniors are eligible to receive the Practical Plan with
no monthly Plan fee or receive a discount equivalent to
the Practical Plan fee from the Plus, Performance, AIR
MILES or Premium Plan fee. You are responsible for all
fees relating to any transactions, services, and
products not included in your Bank Plan.
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*84. For illustration purposes only. The savings of $203
assumes the following: (i) one monthly Performance Plan
fee of $16.95 per month ($203.00 per year) is shared
between you and your spouse or partner, rather than each
person paying a separate monthly Plan fee of $16.95,
(ii) no other per-item or over-limit transaction fees
apply, and (iii) the account is not eligible for the
monthly balance Plan fee waiver during the twelve-month
period.
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*85. For illustration purposes only. The savings of $360
assumes the following: (i) one monthly Premium Plan fee
of $30.00 per month ($360.00 per year) is shared between
you and your family member, rather than each person
paying a separate monthly Plan fee of $30.00, (ii) no
other per-item or over-limit transaction fees apply, and
(iii) the account is not eligible for the monthly
balance Plan fee waiver during the twelve-month period.
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*86. No-fee daily banking under our Family Bundle is
available to all family members who reside at the same
household as the customer with a Lead Account on an
eligible Performance or Premium Bank Plan. The “Lead
Account” is the one you designate to pay a standard fee
per month for eligible no-fee daily banking Bank Plans
(Performance: $16.95/month, Premium: $30.00/month)
unless a minimum balance is maintained, in which case
the monthly Bank Plan fee is waived. Note that the
balance in a family member’s account does not count
toward the minimum balance for the monthly Bank Plan fee
waiver. No-fee daily banking with our Family Bundle may
be added at no additional fee and is capped at 20
accounts (held jointly or individually) in Canadian or
U.S. dollars per eligible Bank Plan. Family Bundle
option is not available on Practical Plan.
For full terms and conditions please visit
www.bmo.com/familybundle, and read our
Agreements, Bank Plans
and Fees for Everyday
Banking.
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*87. No-fee daily banking with our Family Bundle offers
an unlimited number of transactions and
Interac e-Transfers transactions per month
provided the daily Interac e-Transfer total
does not exceed $3,000. Transactions include everyday
banking transactions at a BMO branch, BMO ATM, BMO
Telephone Banking, BMO Online Banking, BMO Mobile
Banking , debit card purchases, cheques drawn on your
account and Pre-Authorized Payments. Other service and
product fees may still apply.
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*88. Some billers, including financial institutions, do
not accept the use of PowerSwitch service for transfers,
including pay cheques. Financial institutions that do,
may request confirmation of the transfer from the
customers.
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*89. Fee applies for debit transaction and/or account
history inquires in excess of monthly transaction limit.
Account histories completed through BMO Mobile, BMO
Online Banking and the telephone interactive voice
response (IVR) system do not count towards the monthly
transaction limit.
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*90. No-fee daily banking with our Family Bundle offers
an unlimited number of transactions and
Interac e-Transfer transactions per month
provided the daily Interac e-Transfer total
does not exceed $3,000. Transactions include everyday
banking transactions at a BMO branch, BMO ATM, BMO
Telephone Banking, BMO Online Banking, BMO Mobile
Banking, debit card purchases, cheques drawn on your
account and Pre-Authorized Payments. Other service and
product fees may still apply.
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*91. For illustration purposes only. The savings value
displayed assumes the following: (i) one monthly
Performance Plan fee of $16.95 per month ($203.00 per
year) is shared between you and your family member(s),
rather than each person paying a separate monthly Plan
fee of $16.95, (ii) no other per-item or over-limit
transaction fees apply, and (iii) the account is not
eligible for the monthly balance Plan fee waiver during
the twelve-month period.
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*92. For illustration purposes only. The savings value
displayed assumes the following: (i) one monthly Premium
Plan fee of $30.00 per month ($360.00 per year) is
shared between you and your family member(s), rather
than each person paying a separate monthly Plan fee of
$30.00, (ii) no other per-item or over-limit transaction
fees apply, and (iii) the account is not eligible for
the monthly balance Plan fee waiver during the
twelve-month period.
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*93. 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 Performance Plan chequing account. After the twelve (12)
months of opening a new Performance Plan chequing account and
being enrolled in the BMO Indigenous Personal Banking program,
eligibility for the monthly Performance Plan chequing account
fee waiver ends and the full monthly Performance Plan chequing
account fee ($16.95/month) will be applied to your account
automatically.
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*94. Interest will be calculated on the daily overdraft
balance and charged to the account at the end of the
month. Interest rates are available online at
bmo.com/rates, at all BMO
branches where deposit accounts are kept
and by calling 1-877-225-5266.
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*95. The bonus interest rate is applied to the posted rate at the time of purchase of a non-redeemable 1- year up to a 5-year BMO Guaranteed Investment Certificate (GIC) and is not applicable to any other term or product, and cannot be combined with any other special rate offer. Posted and bonus interest rates may be changed at any time. The GIC must be purchased at a BMO branch or with an associate at the Customer Contact Centre. Offers may be changed, withdrawn or extended at any notice.
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*96. The transfer fee is waived when the transaction is completed through an eligible account with the Premium Plan or the Performance Plan in the BMO NewStart Program.
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*97. In most instances, transactions are completed within two to five business days. As with any wire transfer-like transaction, funds may be rejected, held, or delayed because of incomplete or inaccurate information submitted; and for regulatory, legal, fraud, and/ or anti-money laundering/ anti-terrorist financing screening processes. The timing of the deposit and availability of funds by the recipient may vary with each receiving institution. These circumstances and delays are outside of the control of BMO.
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*98. A fee of $5 per transaction will be charged unless the transaction is completed from an account with the Premium Plan, Bank at Work Programs, or the Performance Plan that is part of the NewStart Discounted Banking Program. Transfer limits apply. Fees charged on U.S. dollar accounts are charged in U.S. dollars. There is no charge when sending funds from your BMO account to a BMO Harris Bank account in the United States. Bank Plans that do not include unlimited transactions may be subject to excess transaction fees in addition to the transfer fee when you exceed the number of transactions in your Bank Plan.
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*99. There is no fee charged for transfers from your Saving Amplifier Account to your other BMO account through BMO Mobile and Online Banking, at a BMO ATM, or when using the BMO Telephone Banking interactive voice response (or self-serve). A fee applies for each pre-authorized debit, cash withdrawal, and transfers from your Savings Amplifier Account to your other BMO account when performed at a branch or with a Customer Contact Centre associate.
Refer to Agreements, Bank Plans and Fees for Everyday Banking.
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*100. To open a new Premium Rate Savings account online, you are required to have a Primary Chequing Account with a Bank Plan. New customers can open a Premium Rate Savings Account at a local BMO branch without the requirement to have a Primary Chequing Account.
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®§ Interac e-Transfer is a registered trademark