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4.6/5
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.
$175 cash bonus*
BMO Student Chequing Account
4.6/5
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.
$175 cash bonus*
Account Details
Offer Headline
$175 cash bonus*
Monthly Fee
$0
Our Rating
4.6/5
Account Type
Chequing
Account Category
Student
Institution
BMO
Offer Details
- Get a $175 with a BMO Student Chequing account.*
- Enjoy no monthy plan fees while in school and one year after graduation.*
To qualify for the Student Chequing Account Offer, you must have reached age of majority in the province or territory where you reside and be enrolled full-time in a university/college/ vocational school by March 2, 2026 and complete the following three (3) steps:
- Open a new Canadian Dollar Primary Chequing Account with a Performance Plan or Premium Plan under the Students Discounted Banking Program (“Eligible Discounted Plan”) (a “Student Chequing Account”) by March 2, 2026; and
- Make a deposit of any amount to the Student Chequing Account by March 2, 2026; and
- Complete at least two (2) of the following Eligible Transactions (defined below) to or from the Student Chequing Account within 30 days of opening the Student Chequing Account: a. Send or receive two INTERAC e-Transfer®§ transactions of at least $50; b. One (1) eligible bill payment of at least $50 through BMO Online Banking or the BMO Mobile Banking app to a payee. A transfer from your Student Chequing Account to another BMO product does not qualify as an eligible bill payment. c. Set-up one (1) pre-authorized debit.
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
Other 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 between November 4, 2025 – March 2, 2026 (the “Offer Period”).
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