In order to be eligible for the Cash Back Amount (defined below), you must meet the following criteria (subject to the exclusions immediately below):
1. Apply and be approved for a new BMO mortgage with a fixed rate closed term of five (5) years (a “BMO Mortgage”) between July 5th, 2018 – Aug 31st, 2018 (the “Offer Period”);
2. Your application must be submitted during the Offer Period and funded within 130 days of application date;
3a. Open a BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a Practical, Plus, Performance, AIR MILES®†, Premium or Bank Unlimited Plan (each an “Eligible Plan”) and set up the Chequing Account as the funding account for the BMO Mortgage;
3b. Set up an existing Chequing Account with an Eligible Plan as the funding account for the BMO Mortgage.
The following customers are not eligible for the offers:
All applications are subject to meeting Bank of Montreal’s usual credit criteria.
The cash back amount is 1% of the value of the BMO Mortgage up to CAD$30,000 (the “Cash Back Amount”). The Cash Back Amount varies according to the amount of the mortgage loan. Please see the illustrative table below.
|Mortgage Amount||Cash Back Amount|
If all conditions are met, the Cash Back Amount will be deposited into your Chequing Account on the loan disbursement date. You must maintain your BMO Mortgage for the duration of the term; otherwise you will be required to reimburse a pro-rated portion of the Cash Back Amount you received, in proportion to the remaining term of the mortgage.
This offer cannot be combined with any other mortgage offer. This offer may be changed, withdrawn or extended at any time without notice.
®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal