Benefits
Everyday banking with great perks
Up to $100 cash bonus
Get a welcome cash bonus of up to $100 for being a new customer*
Canadian and U . S . dollar Savings Account
Get a Canadian and U.S. dollar Savings Account to use at no additional cost
Digital banking features at your fingertips
Get access to award-winning digital banking features to help you with your everyday banking needs
Compare
Explore the bonuses, features, and fees for our chequing accounts
Plus $11.95 per month or $0 with a $3,000 minimum balance | Performance $17.95 per month or $0 with a $4,000 minimum balance
| Premium $30.95 per month or $0 with a $6,000 minimum balance
| |
---|---|---|---|
Welcome bonus* | $100 | $700 cash + $50 Walmart Canada eGift card | $700 cash + $50 Walmart Canada eGift card |
Family Bundle bonus*86 | X | ✓ | ✓ |
Savings Amplifier Account promotional interest rate** | Up to | Up to | Up to |
Transactions per month*52 | 25 | Unlimited | Unlimited |
INTERAC e-Transfer®§ transactions*39 | Included | Included | Included |
B M O A T M withdrawals*53 | $0 | $0 | $0 |
OnGuard Identity Theft Protection*74 | - | Included | Included |
Family Bundle*86 | - | Available with this account | Available with this account |
- | $40 | $150 | |
Additional accounts | Canadian dollar and US dollar Savings Account at no cost*3 | Canadian dollar and US dollar chequing and savings account at no cost*3 | Canadian dollar and US dollar chequing and savings account at no cost*3 |
Additional features |
| No fee for select Cheques*54 No fee for Stop Payments*50 Safety Deposit Box Annual $12 Discount*64Preferred exchange rate for U.S dollar*35 | |
Monthly Plan fee*4 | $11.95 OR $0/month with min. $3,000 balance | $17.95 OR $0/month with min. $4,000 balance | $30.95 OR $0/month with min. $6,000 balance |
Non-B M O A T M withdrawals per month*53 | $2 each in Canada, $5 each outside of Canada | 1 Canadian withdrawal included per month, then $2 each in Canada, $5 each outside Canada | Unlimited worldwide, no B M O fees |
Standard Overdraft protection*20 | $5/month | $5/month | No monthly fee |
Global Money Transfer*98 | $5 per transfer | No fee | No fee |
Compare chequing accounts to find the right one for you
Choose a BMO chequing account that meets your unique needs.
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Plus Chequing Account FAQs
The Plus Chequing Account is a low monthly fee chequing account that offers a high transaction limit, making it perfect for everyday banking.
Manage your pre-authorized payments with BMO Powerswitch
With BMO Powerswitch, we make switching to BMO easy. Simply transfer your pre-authorized payments from another financial institution to your new BMO bank account online in minutes. Current BMO customer can also use BMO Powerswitch to manage pre-authorized payments.
Resources

Understanding Chequing Accounts in 2025
We examine the ubiquitous chequing account – its versatility, benefits, types and more – and why it’s so popular.

How to find the best chequing account for your lifestyle
Why settle for a generic chequing account when you can find one that fits your lifestyle?

What’s the difference between a chequing and savings account?
Compare chequing vs. savings accounts and learn how you can use them both to your advantage.