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3.9/5
Our Rating
BMO Premium Chequing Account
BMO's best, with nothing held back. The BMO Premium Chequing Account is built for those who want the full package — unlimited transactions, free ATM withdrawals anywhere in the world, no overdraft fees, a credit card annual fee rebate, and a preferred U.S. exchange rate. One account that handles everything, wherever life takes you.
Earn up to a $800 cash bonus*
BMO Premium Chequing Account
3.9/5
Our Rating
BMO's best, with nothing held back. The BMO Premium Chequing Account is built for those who want the full package — unlimited transactions, free ATM withdrawals anywhere in the world, no overdraft fees, a credit card annual fee rebate, and a preferred U.S. exchange rate. One account that handles everything, wherever life takes you.
Earn up to a $800 cash bonus*
Account Details
Offer Headline
Earn up to a $800 cash bonus*
Monthly Fee
$30.95
Waived with a minimum balance of $6,000
Our Rating
3.9/5
Account Type
Chequing
Account Category
Personal
Institution
BMO
Offer Details
Earn up to a $800 cash bonus*
Plus a Walmart Delivery Pass subscription for up to 12 months*
STEP 1
Chequing Account Offer
Earn $500 when you:
- Open and fund a new BMO Performance or Premium Plan Chequing Account by June 1, 2026
- Complete 2 qualifying criteria by July 31, 2026
STEP 2
Direct Deposit Offer
Earn $100 when you:
- Set up a recurring direct deposit of $500 or more by July 31, 2026 and maintain it for one year
STEP 3
Savings Account Offer
Earn a Walmart Delivery Pass Subscription for up to 12 months when you:
- Open a Savings Amplifier Account by June 1, 2026
- Deposit any amount by June 30, 2026
- Sign up for or update your existing Walmart Delivery Pass by July 31, 2026
Earn $150 when you:
- Open a Savings Amplifier Account by June 1, 2026
- Deposit $10,000 or more within 30 days of opening and maintain that balance for 3 months
STEP 4
My Financial Progress Offer
Earn $50 when you:
- Apply 1 Goal and 1 Strategy in My Financial Progress Plan by July 31, 2026
Eligibility criteria (open account or switching eligibility)
If you meet the eligibility criteria, the Chequing Account and My Financial Progress cash bonus will be credited to your account by August 31, 2026. The Direct Deposit offer cash bonus will be credited one month after maintaining the direct deposit for twelve consecutive months. The Savings Account cash bonus will be credited by October 31, 2026.
Unfortunately if you already have a chequing account with us you are not eligible for this promotion.
If you closed your account between February 10, 2025 - June 1, 2026, you aren’t eligible for this promotion.
Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill it has to be paid to different accounts numbers to be counted as 2 different bill payments.
Fees
Account Fees
Monthly Fee
$30.95
Fee Waiver: Minimum Balance Waiver
$6,000 min. balance
Maintain a monthly balance of $6,000 to waive the full monthly fee
Credit Card Rebate
Up to $150
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Other Canadian ATMs
$0
USA
$0
International
$0
International & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$10
Overdraft Protection
$0/month
Overdraft Interest
21% annually (if used)
Bank Draft
$0
Highlights
Account Features | |
|---|---|
Transaction fees | $0.00 per use |
INTERAC e-Transfer fee | $0.00 per use |
Number of self-serve transactions | N/A |
Number of INTERAC e-Transfers | Unlimited |
Global Money Transfer | $0.00 per use |
ATM withdrawals | Unlimited worldwide |
Credit card fee rebate | $150.00 |
Rewards scheme | N/A |
Interest on savings | Savings Amplifier Account promotional interest rate 4.50%. Terms apply. |
Bank draft cost | $0 |
Overdraft fee & interest | $0 |
Paperless & Mailed monthly statement | $2.25 per month |
Service features (digital/in-person) | Easy, secure digital banking |
- Get accounts for family members without paying an additional monthly fee
- Get a promo interest rate when you add a Savings Amplifier Account
- Up to $150 rebate on the annual fee for an eligible BMO credit card
- Preferred U.S. foreign exchange rate
- Unlimited transactions and worldwide for non-BMO ATM withdrawals at no cost
- OnGuard®† Identity Theft Protection at no charge
- No-fee Global Money Transfer transactions to up to 50 countries