Offers
Welcome Bonus
Customers who open a new BMO Performance Chequing account can earn up to $800 in cash:
- Earn $500: Open and fund a new BMO Performance Chequing account by June 1, 2026. Complete two qualifying criteria by July 31, 2026:
- Set up a recurring direct deposit of at least $500
- Make two eligible online bill payments of at least $50 to different billers
- Set up two eligible pre-authorized debits of at least $50 to different billers
- Earn $100: Set up a recurring direct deposit of $500 or more by July 31, 2026 and maintain it for one year.
- Earn a Walmart Delivery Pass subscription for up to 12 months: Open a Savings Amplifier Account by June 1, 2026, and deposit any amount by June 30, 2026.
- Sign up for or update your existing Walmart Delivery Pass by July 31, 2026, here and select Debit Mastercard as the payment option for the monthly transaction fee and enter your sixteen-digit BMO Debit Card number along with any other valid payment details as required.
- Earn $150: Open a Savings Amplifier Account by June 1, 2026, and deposit a total of $10,000 or more within 30 days of opening the account; and maintain a daily closing balance of $10,000 or more at all times for 3 months.
- Earn $50: When you access My Financial Progress and complete the following:
- Create one goal in My Financial Progress Plan by July 31, 2026
- Go to the Planning Tab and apply one strategy to the plan by July 31, 2026
- Plus, receive a 4.50% promotional interest rate when you add a BMO Savings Amplifier Account.
FlyerFunds Rebate
Plus, if you apply for the BMO Performance Chequing Account through Frugal Flyer and are approved, you can receive an additional $150 paid directly to you.
Account Features
The BMO Performance Chequing account offers unlimited transactions, including unlimited Interac e-Transfer transactions.
Account holders are eligible to receive free withdrawals at BMO ATMs and up to one free withdrawal at a non-BMO ATM in Canada per month. Past that, ATM withdrawals are charged at a rate of $2 each in Canada, $5 each in the United States, and $5 each outside Canada and the United States.
Performance account holders also receive free BMO Global Money Transfers when sending funds quickly and securely to up to 50 countries (regions) in multiple currencies.
BMO Performance Chequing account holders who also hold an eligible BMO personal credit card can receive up to a $40 annual fee rebate each calendar year. This annual fee rebate will occur once, even if you hold multiple BMO credit cards.
Credit cards that are eligible for this rebate include the BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, BMO CashBack World Mastercard, BMO Affinity CashBack World Mastercard, BMO eclipse Visa Infinite card, BMO VIPorter Mastercard, BMO VIPorter World Mastercard, or the BMO VIPorter World Elite Mastercard.
Fees
Monthly Fees
The BMO Performance Chequing account has a monthly fee of $17.95, which is waived if you hold a minimum balance of $4,000 in your BMO bank account at all times.
Legal
Terms & Conditions apply; for more details, click here.
Eligibility criteria (open account or switching eligibility): If you meet the eligibility criteria, the Chequing Account and My Financial Progress cash bonus will be credited to your account by August 31, 2026. The Direct Deposit offer cash bonus will be credited one month after maintaining the direct deposit for twelve consecutive months. The Savings Account cash bonus will be credited by October 31, 2026.
Unfortunately if you already have a chequing account with us you are not eligible for this promotion. If you closed your account between February 10, 2025 – June 1, 2026, you aren’t eligible for this promotion.
Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill it has to be paid to different accounts numbers to be counted as 2 different bill payments.