4/5
Our Rating
Best for: Best overall student chequing account
BMO Student Chequing Account
Your tuition is expensive enough. The BMO Student Chequing Account gives you unlimited everyday transactions with no monthly fee — so your bank account isn't another bill to worry about. Focus on school. We'll handle the rest.
Earn up to a $200 Tech reward from Best Buy*
BMO Student Chequing Account
4/5
Our Rating
Your tuition is expensive enough. The BMO Student Chequing Account gives you unlimited everyday transactions with no monthly fee — so your bank account isn't another bill to worry about. Focus on school. We'll handle the rest.
Earn up to a $200 Tech reward from Best Buy*
Account Details
Offer Headline
Earn up to a $200 Tech reward from Best Buy*
Monthly Fee
$0
Our Rating
4/5
Account Type
Chequing
Account Category
Student
Institution
BMO
Offer Details
- Open a new BMO Student Chequing Account and get a tech reward from Best Buy worth up to $200*
- Offer expires November 3, 2026
How to redeem Best Buy rewards
Follow these three easy steps:
- Open an account: Open a Student Chequing Account and make sure you are enrolled in a university, college or vocational school.
- Meet eligibility: Complete the required steps to unlock your reward.
- Redeem your reward: Receive an email within 3 weeks with your reward options and make your selection.
Fees
Account Fees
Monthly Fee
$0
Credit Card Rebate
Up to $40
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Canadian ATMs
$2
USA
$5
International
$5
International & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$5
Overdraft Interest
21% annually (if used)
Bank Draft
$9.95
Highlights
- $0 monthly fee while you're a full-time student, and for up to one year after graduation
- Unlimited everyday transactions, including debit purchases and INTERAC e‑Transfers
- One free non-BMO ATM withdrawal per month in Canada; $2 for additional withdrawals
- Unlimited free Global Money Transfers
- Up to $40 annual rebate on eligible BMO credit card annual fees
- Overdraft protection available for $5/month per linked account
- No minimum balance required
Legal
*The Student Back to School Campaign is available until November 3, 2026
To qualify for the Student Back to School Campaign you must be:
• a student residing in Canada and open any of the following accounts at any
BMO branch or online at bmo.com during the Offer Period; or
• an international student who opens a Canadian Dollar Primary Chequing Account
with the Practical Plan under the Pre-arrival International Student Program
(“Pre-arrival Account”) and activate your Pre-Arrival Account as a Student
Chequing Account (defined below) during the Offer Period.
Full offer details and terms and conditions are below: https://www.bmo.com/pdf/student-offer-terms-and-conditions-en.pdf