BMO Premium Chequing Account

The BMO Premium Chequing Account is an eligible plan under BMO's Summer 2026 offer, which pays up to $900 in cash bonuses, one of the largest everyday banking offers among the Big Five banks.

It's worth noting that the full $900 is a bundled offer. Along with opening an eligible chequing plan, you'll need to set up a recurring direct deposit and pre-authorized payments, and open a linked Savings Amplifier Account.

To qualify, you'll need to open the account by September 30, 2026.

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 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.