BMO Student Chequing Account

$50

BMO Student Chequing Account

Bank Account · Apply through Finly

Cash back

$50

Get my rebate

Finly rebate

$50

Get $50 rebate^** + Earn up to a $200 Tech reward from Best Buy* on the BMO Student Chequing Account

Apply through Finly. Get approved by the financial institution. We e-Transfer your rebate via Interac, no points or portals required. Terms and conditions apply.**

Paid via INTERAC e-Transfer

Secure & private

$1,488,000+ paid out to Canadians

Monthly fee

$0

Welcome bonus

Earn up to a $200 Tech reward from Best Buy*

Worth ~$200

Finly rating

4 / 5

Editor's score

Transactions

Unlimited

Read before you apply

Rebate eligibility & offer terms

These rules determine whether you qualify for the Finly rebate on this offer. Skim them before clicking apply.

* / ** Terms and conditions apply.

Only valid for eligible new account holders
Each client is limited to a maximum of 1 cash back bonus
There is a minimum of 3 days delay from when you complete the application and when it gets reported back for processing

The chequing account

Why 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.

Full account review

How to earn the welcome bonus

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 & limits

Monthly fee

$0

Transactions

Unlimited

Interac e-Transfers

Unlimited

ATM (own network)

$0

ATM (Canada, other)

$2

Foreign currency

2.5%

Insufficient funds

$5

Ready when you are

$50 is yours when you apply through Finly.

We e-Transfer your rebate via Interac after the financial institution confirms your approval and eligibility. No portals, no points — just real cash.

FAQ

Common questions, answered.

Still unsure? Reach out to support after signing up — we'll get back to you within a couple of business days.

Yes. The Finly rebate stacks with whatever sign-up offer or welcome bonus the institution provides. You get both.

Rebates are sent via Interac e-Transfer to the email on your Finly profile. Once your sign-up is verified, payments are typically processed within 10 days.

The financial institution reports the transaction back to us within a few days to a few weeks, depending on their reporting cadence. You can track the status from your Finly account.

Switching devices mid-application, using a VPN, ad blocker, or incognito mode can break our tracking cookies. Complete the application on a single device in one session for a smooth experience.

No — Finly rebates apply only to brand-new sign-ups. If the financial institution flags you as an existing customer for that product, the rebate won't apply.

Some accounts waive the monthly fee if you maintain a minimum balance or set up direct deposits. Any waiver options are listed in the fees & limits panel above. The financial institution makes the final approval decision.

Eligible Canadian bank deposits are insured by CDIC up to $100,000 per category. Coverage details depend on the institution — check the financial institution's site for specifics.