Offers
Welcome Bonus
Customers who open a new BMO Student Performance Chequing Account can earn up to $175 in cash:
- Open a BMO Student Performance Chequing Account and make a deposit by Mar 2, 2026. Complete 2 of the 3 requirements listed below within 30 days of opening the account:
- Send or receive at least two INTERAC e-Transfer®§ transactions of at least $50
- Make one bill payment through BMO Online Banking or the BMO Mobile Banking app to a biller of at least $50
- Set up (1) pre-authorized debit
Plus, eligible account holders will receive no monthly plan fees while in school and one year after graduation*.
FlyerFunds Rebate
Plus, if you apply for the BMO Student Performance Chequing Account through Frugal Flyer and are approved, you can receive an additional $80 paid directly to you.
Account Features
The BMO Student Performance Chequing Account offers unlimited debit and 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, non-BMO ATM withdrawals are charged at a rate of $2 each in Canada, $5 each outside of Canada.
Student Performance Chequing 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 Student 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. Minimum annual spend requirement applies. Additional terms and conditions apply.
BMO credit cards that are eligible for this rebate include:
- BMO eclipse Visa Infinite card
- BMO CashBack® World Elite®* Mastercard®
- BMO Ascend World Elite®* Mastercard®*
- BMO VIPorter Mastercard®∗
- BMO VIPorter World Elite®* Mastercard®*
- BMO AIR MILES®† World Elite®* Mastercard®
Fees
Monthly Fees
The BMO Student Performance Chequing Account has no monthly fee for full-time students^.
Legal
* Terms & Conditions apply; for more details on this offer, click here.
^ Refer to terms and conditions for details surrounding the monthly fee waiver here.
®§ INTERAC e-Transfer is a registered trademark.
®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
®†Trademarks of AM Royalties Limited Partnership used under license by AIR MILES Loyalty Inc. and Bank of Montreal.