BMO Performance Chequing Account

BMO is currently offering up to $900 in cash bonuses when you open a new Performance Chequing Account by November 2, 2026, one of the largest everyday banking offers among the Big Five banks.

It's worth noting that the full $900 is a bundled offer:

• $700 for opening the account, making a deposit by November 2, 2026, and by December 31, 2026, receiving a recurring direct deposit of $500 or more from your employer, the government or your pension, plus either making two bill payments of $50 or more or setting up two pre-authorized debits of $50 or more, to two different payees
• $150 for also opening a Savings Amplifier Account by November 2, 2026, depositing $10,000 or more within 30 days, and keeping a balance of at least $10,000 for a further 180 days
• $50 for setting up a savings goal in My Financial Progress

Keep in mind that the Savings Amplifier Account must stay open until November 2, 2027, or you'll lose the savings bonus. BMO pays the bonuses by June 30, 2027.

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

You pay no monthly fee when you keep a minimum monthly balance of $4,000.

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.