BMO Plus Plan Chequing Account

The BMO Plus Plan isn't the plan to open for BMO's Summer 2026 Everyday Banking Offer. The offer pays its cash bonuses on the Practical, Performance and Premium plans, and BMO's terms exclude the Plus Plan from the direct deposit, savings and My Financial Progress bonuses.

If the cash bonus matters to you, the Practical Plan pays $150 and the Performance Plan up to $900, both for accounts opened by November 2, 2026.

The BMO Plus Plan Chequing Account carries a monthly fee of $12.95, which is waived if you maintain a minimum monthly balance of $3,000.

Seniors, Indigenous customers, and RDSP beneficiaries pay a reduced fee of $7.95 per month.

The plan includes 25 free transactions per month. Keep in mind that Interac e-Transfers count toward that 25, so heavy e-Transfer users can burn through the allowance quickly.

The Plus Plan sits in the middle of BMO's chequing lineup, built for people who don't need unlimited banking.

You'll get 25 free transactions each month, with e-Transfers counting toward that total, along with access to BMO's ATM network across Canada.

Plus, debit purchases for transit are free and don't eat into your monthly allowance.

Deposits are eligible for CDIC coverage.