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BMO Student Chequing Account
$75
BMO Student Chequing Account
Bank Account · Apply through Finly
Cash back
$75
Finly rebate
$75
Get $75 rebate** + $175 cash bonus* 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.
Paid via INTERAC e-Transfer
Secure & private
$561,000+ paid out to Canadians
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 first time BMO student account signups
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.
How to earn the 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 June 1, 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 June 1, 2026; and
- Make a deposit of any amount to the Student Chequing Account by June 1, 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 & 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
$75 is yours when you apply through Finly.
We e-Transfer your rebate via Interac after the financial institution confirms your sign-up. No portals, no points — just real cash.
How you get paid
From offer to bank deposit
The financial institution approves your application — we handle the rest. No claims to file, no portals to log into.
01
Sign in to Finly
Create an account or sign in. Add your Interac e-Transfer email so we can pay you out.
02
Click the offer
We track your application via your Finly account — no codes needed. Don't switch devices or use ad-blockers.
03
Apply with the financial institution
Complete the financial institution's application as usual on their site. Get approved on their schedule.
04
Wait for verification
The institution reports your sign-up to us within a few days to a few weeks. We'll email you when it's confirmed.
05
Get paid via Interac
Once verified, we e-Transfer your rebate within 10 days. The cash lands directly in your bank account.
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.
What Our Members Say
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Legal & disclosures
Disclosures from the issuing institution. Always confirm product terms directly with the issuer before applying.
Product legal content
*The Student Back to School Campaign is available between November 4, 2025 – June 1, 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