BMO’s personal chequing plans run from the Practical Plan through the Plus and Performance plans to the Premium Plan, with the Blue Rewards Bank Plan alongside them. Monthly fees, the balance that removes them where a plan has one, included transactions and Interac e-Transfer terms are in the table below, taken from BMO’s plans-and-fees agreement effective June 2, 2026. BMO’s NSF, overdraft, ATM and other charges have their own section, which links that agreement for the fees it leaves out.
BMO chequing plans and monthly fees
A plan’s row shows its price beside the condition that lowers it, then its transactions and e-Transfer terms.
| Account | Monthly fee | Transactions | Interac e-Transfer |
|---|---|---|---|
| Practical Plan | $4.00 a month; $0 for seniors (60 and older) and RDSP beneficiaries, and for Indigenous Peoples after their first year Waivers and overdraft | 12 debit transactions a month (unlimited at Canadian transit authorities); $1.25 for each debit transaction over the limit | Sending is included at no additional charge but counts toward the 12 monthly debit transactions |
| Plus Plan | $12.95 a month, or $0 with a minimum daily balance of $3,000; Seniors' discount brings it to $8.95 Waivers and overdraft | 25 debit transactions a month (unlimited at Canadian transit authorities); $1.25 for each debit transaction over the limit | Sending is included at no additional charge but counts toward the 25 monthly debit transactions |
| Blue Rewards Bank Plan | $17.95 a month; Seniors' discount brings it to $13.95 Waivers and overdraft | Unlimited debit transactions | Sending is included at no additional charge |
| Performance Plan | $17.95 a month, or $0 with a minimum daily balance of $4,000; Seniors' discount brings it to $13.95 Waivers and overdraft | Unlimited debit transactions | Sending is included at no additional charge |
| Premium Plan | $30.95 a month, or $0 with a minimum daily balance of $6,000; Seniors' discount brings it to $26.95 Waivers and overdraft | Unlimited debit transactions | Sending is included at no additional charge |
Sources: BMO's chequing accounts page; Agreements, Bank Plans and Fees for Everyday Banking, effective June 2, 2026 (PDF).
Fees as of June 2, 2026. Checked against BMO's pages on October 20, 2026.
BMO includes Interac e-Transfers on its everyday bank plans, but on the Practical and Plus plans each e-Transfer sent uses up one of the plan’s monthly transactions. BMO’s agreement presents the Practical Plan as its account under the low-cost and no-cost account commitment, which is explained on no-fee chequing accounts.
When does BMO waive the monthly fee?
Three plans, Plus, Performance and Premium, drop the monthly fee when the lead chequing account holds a set minimum balance every day of the month; the Practical Plan and the Blue Rewards Bank Plan are priced without a balance waiver. Seniors’ discounted pricing is applied automatically, and BMO’s no-cost and discounted banking programs bring the Practical Plan to zero for the groups listed in its expander. A plan’s waiver balance, where it has one, and its discounted price are in its Monthly fee cell above and again in its expander below, next to its overdraft terms.
Practical Plan
Monthly fee: $4.00 a month; $0 for seniors (60 and older) and RDSP beneficiaries, and for Indigenous Peoples after their first year
How the fee is waived or rebated: $0 a month on the Practical Plan through BMO's discounted banking programs, each with its own condition. Seniors: 60 or older (on a joint account, one holder 60 or older), registered at a BMO branch with proof of age. RDSP beneficiaries: registered at a BMO branch with proof of eligibility, which BMO may ask for again every three years. Indigenous Peoples: the Performance Plan is $0.00 for one year and the Practical Plan is $0.00 only after that year, registered at a BMO branch by confirming eligibility
Overdraft protection on this account: Optional Overdraft Protection (subject to credit approval): Standard, $5.00 a month (does not apply to Quebec residents), or Occasional, $5.00 per use (not available to Quebec residents); interest is charged at BMO's prevailing overdraft interest rate, which is available at BMO branches or by calling 1-877-225-5266
Source: BMO's page
Plus Plan
Monthly fee: $12.95 a month, or $0 with a minimum daily balance of $3,000; Seniors' discount brings it to $8.95
How the fee is waived or rebated: $0 with a minimum daily balance of $3,000 in the lead Primary Chequing Account for the whole month; seniors (60 or older) pay $8.95 a month through the Senior Discounted Banking Program
Overdraft protection on this account: Optional Overdraft Protection (subject to credit approval): Standard, $5.00 a month (does not apply to Quebec residents), or Occasional, $5.00 per use (not available to Quebec residents); interest is charged at BMO's prevailing overdraft interest rate, which is available at BMO branches or by calling 1-877-225-5266
Source: BMO's page
Blue Rewards Bank Plan
Monthly fee: $17.95 a month; Seniors' discount brings it to $13.95
How the fee is waived or rebated: Seniors (60 or older) pay $13.95 a month through the Senior Discounted Banking Program
Overdraft protection on this account: Optional Overdraft Protection (subject to credit approval): Standard, $5.00 a month (does not apply to Quebec residents), or Occasional, $5.00 per use (not available to Quebec residents); interest is charged at BMO's prevailing overdraft interest rate, which is available at BMO branches or by calling 1-877-225-5266
Source: BMO's page
Performance Plan
Monthly fee: $17.95 a month, or $0 with a minimum daily balance of $4,000; Seniors' discount brings it to $13.95
How the fee is waived or rebated: $0 with a minimum daily balance of $4,000 in the lead Primary Chequing Account for the whole month; seniors (60 or older) pay $13.95 a month through the Senior Discounted Banking Program
Overdraft protection on this account: Optional Overdraft Protection (subject to credit approval): Standard, $5.00 a month (does not apply to Quebec residents), or Occasional, $5.00 per use (not available to Quebec residents); interest is charged at BMO's prevailing overdraft interest rate, which is available at BMO branches or by calling 1-877-225-5266
Source: BMO's page
BMO accounts for students, seniors and newcomers
- Seniors: the discounted price for each plan is in its expander; discounts across banks are on bank accounts for seniors.
- Students: student bank accounts.
- Newcomers: bank accounts for newcomers.
- Children and teens: children’s bank accounts.
BMO fees: NSF, overdraft, ATM and other charges
Below, each BMO charge sits beside the condition BMO prints with it and a link to where it is stated.
| Fee | What BMO charges | Source |
|---|---|---|
| Returned item (NSF) | $10.00 (CAD accounts), $5.00 (USD accounts) No fee if the returned cheque or pre-authorized debit would have caused an unauthorized overdrawn balance of less than $10.00; only one fee if more than one item is returned on the same business day, and none more than once within two business days for the same account; a separate fee for each presentment and re-presentment of a pre-authorized debit returned for NSF | BMO's fee document (PDF) |
| Overdraft protection | $5.00/month (Standard; the fee does not apply to Quebec residents) or $5.00/use (Occasional; not available to Quebec residents); both included in the Premium Plan | BMO's fee document (PDF) |
| Overdraft interest | – | |
| Overdraft Per Item Charge (without Overdraft Protection, or beyond the Overdraft Protection limit) | From August 1, 2026, $5.00 for each business day that an item is paid and creates or increases the overdraft balance when you do not have Overdraft Protection, or exceeds the limit with Occasional Overdraft Protection; with Standard Overdraft Protection there is no charge for the first business day that an item exceeds the limit and $5.00 for each additional day; not charged to Quebec residents | BMO's fee document (PDF) |
| Overdraft transfer service | $5.00/transfer (free on the Premium Plan) | BMO's fee document (PDF) |
| Sending an Interac e-Transfer | Sending is included at no additional cost in BMO Bank Plans (the Practical Plan has a limit of 12 transactions and the Plus Plan 25); BMO's fee schedule lists $1.00 to send an Interac e-Transfer | BMO's fee document (PDF) |
| Cancelling an Interac e-Transfer | $5.00 (not charged if you cancel on the same day it was sent) | BMO's fee document (PDF) |
| Cash from another bank's ATM | $2.00 (Interac network, Canada; 1 withdrawal a month included in the Performance Plan, unlimited in the Premium Plan); $5.00 (Cirrus network, outside Canada; unlimited in the Premium Plan) | BMO's fee document (PDF) |
| Foreign currency transactions with the BMO debit card | The exchange rate is the rate charged to BMO by Mastercard International on the date the transaction is posted, plus 2.50% for purchases and less 2.50% for refunds (U.S. dollar transactions and other foreign currencies, which are converted through U.S. dollars) | BMO's fee document (PDF) |
| Stop payment | $12.50 single, $20.00 series (free on Premium) | BMO's fee document (PDF) |
| Bank draft | $9.95 (Performance/Blue Rewards/Plus/Practical Plans; free on Premium) | BMO's fee document (PDF) |
| Paper statement | $2.75 for each paper statement issued ($2.75 a month on each Bank Plan); one paper statement is included with the Practical Plan; eStatements have no charge | BMO's fee document (PDF) |
| Account closed within 90 calendar days of opening | $0.00 if closed within 14 business days; $20.00 if closed after 14 business days (within 90 calendar days of opening) | BMO's fee document (PDF) |
| Your account balance to another financial institution | $20.00 | BMO's fee document (PDF) |
| Dormant account notice | No charge if the notice is acknowledged within 60 days; after 60 days, $20.00 for the 2-year notice and $30.00 for the 5-year notice; $40.00 for the 10-year transfer of funds to the Bank of Canada | BMO's fee document (PDF) |
| Safety deposit box | $70.00 (small) to $500.00 (super large) annually, plus GST/HST/QST where applicable; the Premium Plan includes a $12.00 discount on one box per Bank Plan (subject to availability) | BMO's fee document (PDF) |
A dash means this table shows no figure for that fee.
BMO's fee document: Agreements, Bank Plans and Fees for Everyday Banking, effective June 2, 2026 (PDF).
Fees as of June 2, 2026. Checked against BMO's pages between October 19, 2026 and October 20, 2026.
BMO’s agreement says its current overdraft interest rate is available at BMO branches in Canada or by phone, and the table shows a dash in that row.
- Overdraft protection plans and how they differ by bank: overdraft protection.
- A returned cheque or payment and the NSF charge: NSF fees and bad cheques.
- BMO’s fees next to other banks’: bank fees compared.
- Wires from BMO: wire transfer fees; drafts: drafts and certified cheques.
- BMO’s daily limits: e-Transfer limits and ATM withdrawal limits.
BMO savings and US-dollar accounts
BMO’s high-interest savings account, the BMO Savings Amplifier Account, earns a regular rate of 0.45% (one rate on every balance), and BMO’s row in the high-interest savings table adds any promotional rate and the date it was checked. For US dollars, BMO has a U.S. Dollar Primary Chequing Account and a U.S. Dollar Premium Rate Savings account, both covered on US-dollar accounts.
Next steps and other banks
- BMO’s transit and institution numbers and void cheques: BMO routing numbers.
- Big-bank chequing side by side: chequing accounts compared across banks; no monthly fee at all: no-fee chequing accounts.
- Opening a bank account and switching banks.
- BMO’s chequing page lists special offers; how bank offers work is on bank account promotions.
- Business banking: business bank accounts.
- BMO’s brokerage: BMO InvestorLine review.
- Lineups at RBC, TD, CIBC, Scotiabank and Manulife Bank.
Sources
The figures and rules on this page come from these sources, last checked against them on September 14, 2026. How we check facts.