Offers

Welcome Bonus

Customers who open a new BMO Performance Chequing account can earn up to $750 in value:

• Earn $500: Open a BMO Performance Chequing account and make a deposit by September 30, 2025. Complete 2 of the 3 requirements listed below by November 28, 2025:
  • Set up a recurring direct deposit of at least $500
  • Make two bill payments of at least $50 to different billers
  • Set up two pre-authorized debits of at least $50 to different billers
• Earn a $50 Walmart Canada eGift Card: Open a Savings Amplifier Account by September 30, 2025, and deposit any amount by October 31, 2025.
• Earn $150: Open a Savings Amplifier Account by September 30, 2025, and deposit a total of $10,000 within 30 days of opening the account; and maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days past that initial month.
• Earn $50: When you invite a family member as part of a BMO Family Bundle and have them open their account by September 30, 2025.
• Receive a 4.75% promotional interest rate when you add a BMO Savings Amplifier Account.

FlyerFunds Rebate

Plus, if you apply for the BMO Performance Chequing Account through Frugal Flyer and are approved, you can receive an additional $50 paid directly to you.

Account Features

The BMO Performance Chequing account offers unlimited debit and unlimited Interac e-Transfer transactions.

Account holders are eligible to receive free withdrawals at BMO ATMs and up to one free withdrawal at a non-BMO ATM in Canada per month. Past that, ATM withdrawals are charged at a rate of $2 each in Canada, $5 each in the United States, and $5 each outside Canada and the United States.

Performance account holders also receive free BMO Global Money Transfers when sending funds quickly and securely to up to 50 countries (regions) in multiple currencies.

Performance Chequing account holders who also hold an eligible BMO personal credit card (including the BMO AIR MILES World Elite Mastercard, BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, BMO AIR MILES World Mastercard, BMO CashBack World Mastercard, or BMO eclipse Visa Infinite card) are eligible to receive a $40 annual fee rebate each calendar year. This annual fee rebate will occur once, even if you hold multiple BMO credit cards.

Fees

Monthly Fees

The BMO Performance Chequing account has a monthly fee of $17.95, which is waived if you hold a minimum balance of $4,000 in your BMO bank account at all times. The Initial deposit is $0.