$4
Monthly fee
A low-cost chequing plan with 12 monthly debits and unlimited free e-Transfers.
The BMO Practical Chequing Account carries a monthly fee of $4.00, the lowest in BMO's chequing lineup.
It's worth noting that there's no balance-based waiver on this plan, so you'll pay the $4 every month regardless of how much you keep in the account.
The plan includes 12 debit transactions per month, while Interac e-Transfers are free and unlimited.
The Practical Chequing Account is BMO's entry-level plan, aimed at people with light banking needs.
You'll get 12 debit transactions each month, plus access to BMO's ATM network across Canada.
Notably, Interac e-Transfers are unlimited and free, and they don't count against your 12 monthly debits.
Deposits are eligible for CDIC coverage.
Terms and conditions apply. The information for the BMO Practical Chequing Account has been collected independently by Prince of Travel and is not provided or reviewed by BMO. Offers, rates, and fees are subject to change — always confirm details on the financial institution's website before applying.
Last updated: July 8, 2026
Savings