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BMO Student Chequing Account
$75
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Rebate Offer Terms
*/** Terms and conditions apply.
Only valid for eligible first time BMO student account signups
Product Welcome Bonus
- 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.
Overview
- $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
How to Get the Rebate
- 1.Sign in or create a new FinlyWealth account.
- 2.Click the offer link provided in order to be redirected to the merchant's page.
- 3.Make sure to add your INTERAC e-Transfer email to your Finly profile for us to process payments.
- 4.Complete your application process in one go.
- 5.Once approved, the institution will report the transaction to us based on their reporting schedule, which can vary from 3-5 days to 1-2 months. Your Finly cashback profile will reflect that as soon as we receive a status update.
- 6.Rebate payments are generally processed within 10 days of receiving transaction confirmations, however it may vary depending on payment processing times.
Payments & Privacy
- •We take privacy serious and believe in keeping your information the way it's meant to be - private. We ask for minimal information to reduce exposure and secure any personal information stored using the latest industry standards.
- •Payments are sent via INTERAC e-Transfer through our secure automated payment system. If your INTERAC requires a password to accept payments, you can find your unique passcode in your Finly account page, otherwise the cash payment will be auto-deposited directly into your bank account.
Helpful Tips
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Read eligibility criteria
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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