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Pros

  • Fee waived with $6,000 minimum balance
  • Unlimited transactions
  • E-statements available

Cons

  • Monthly fee of $30.95

Current Promotion

With the BMO Privilege Chequing Account, you can get up to $900 in cash* and up to 12 months of Walmart Delivery Pass subscription*:

  • $700 for opening a BMO Performance or Premium Chequing Account by August 6, 2026, setting up a recurring direct deposit of $500 or more by September 30, 2026, and completing eligible banking activities.
  • $150 for opening a Savings Amplifier Account by August 6, 2026 with a deposit of $10,000 or more within 30 days of opening the account and maintaining an eligible balance to receive the promotional interest rate of 4.75%.
  • An additional $50 by creating a goal and applying a strategy in My Financial Progress by September 30, 2026.
  • Up to 12 months of Walmart Delivery Pass subscription when you open and fund an eligible BMO account and use your debit card as the payment method.

Also enjoy a 4.75% promotional interest rate with a BMO Savings Amplifier Account.*

Plus, enjoy:

  • Unlimited ATM withdrawals at other financial institutions worldwide*
  • A discount of up to $150 on annual fees, every year, for an eligible BMO credit card*
  • A preferred exchange rate on US dollars when you transfer funds between your Canadian and US dollar accounts (in both directions)*

Get all of this for a fee of $30.95 per month—or no monthly fee if you maintain a minimum balance of $6,000*.

Account Features

  • E-StatementIncluded
  • Unlimited TransactionsIncluded

Special Offer

Up to $900 cash bonus*

Related Accounts

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