BMO Premium Chequing Account

The BMO Premium Chequing Account is an eligible plan under BMO's Summer 2026 Everyday Banking Offer, which pays up to $900 in cash bonuses when you open the account by November 2, 2026.

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 Premium Chequing Account carries a monthly fee of $30.95, the highest among BMO's everyday chequing plans.

You can have the fee waived entirely by maintaining a minimum daily balance of $6,000 throughout the month.

Beyond the monthly fee, day-to-day banking is covered, as the plan includes unlimited transactions.

As BMO's top-tier chequing plan, the Premium Chequing Account layers extra perks on top of unlimited banking.

You'll get unlimited debit transactions and unlimited free Interac e-Transfers, plus an annual rebate of up to $150 on the fee of an eligible BMO credit card, the largest rebate of any BMO chequing plan.

The plan also includes no-fee overdraft protection and no-fee global money transfers, which sets it apart from the cheaper plans in BMO's lineup.

Deposits are eligible for CDIC coverage.