BMO Performance Chequing Account

BMO is currently offering up to $900 in cash bonuses when you open a new Performance Chequing Account, one of the largest everyday banking offers among the Big Five banks.

It's worth noting that the full $900 is a bundled offer. The bulk of the bonus is tied to the chequing account itself, while the remainder requires opening a linked Savings Amplifier Account and setting up a savings goal.

To qualify, you'll need to open the account by September 30, 2026, then set up a recurring direct deposit and pre-authorized payments.

Keep in mind that BMO requires you to keep an eligible plan open until August 6, 2027, or you'll forfeit the bonus.

The BMO Performance Chequing Account carries a monthly fee of $17.95.

You can have the fee waived entirely by maintaining a minimum daily balance of $4,000 throughout the month. BMO has also been running a promotion that waives the fee with $1,500 or more in monthly deposits.

Day-to-day banking won't cost you anything beyond that, as the plan includes unlimited transactions.

As BMO's flagship everyday chequing plan, the Performance Chequing Account is built around unlimited banking.

You'll get unlimited debit transactions and unlimited free Interac e-Transfers, plus access to BMO's ATM network across Canada.

The account also comes with an annual rebate of up to $40 on the fee of an eligible BMO credit card, which helps offset the cost of keeping a BMO card in your wallet.

Deposits are eligible for CDIC coverage.