BMO promotions and offers

Explore the latest BMO new account promotions and offers available now.

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Emma Balmforth's headshot

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Chelsey Hurst

&

Emma Balmforth

Updated

Fact checked

BMO promotions give you a bonus or incentive for you to switch from another bank and sign up with BMO. Historically, we’ve seen offers worth hundreds of dollars as a cash bonus and a high savings interest rate when you sign up for a new BMO chequing and savings account.

We’ve compiled lists of BMO promotions currently available for chequing accounts, savings accounts, investments, credit cards and newcomers. Easily compare your options below.

BMO promotions and offers for chequing accounts on now

We’ve gathered the latest BMO promotions available now so you can easily browse through current BMO account offers and compare deals.

BMO Performance Chequing Account

Get up to $700

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BMO Premium Plan Chequing Account

Get up to $700 in bonuses. Get a $700 welcome bonus, plus a Walmart Delivery Pass subscription for up to 12 months when you open a Premium Plan Chequing Account and Savings Amplifier Account.* Valid until March 2, 2026. Plus, earn a 4.60% promo rate with a new Savings Amplifier Account. *Terms apply.

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BMO New to Canada Performance Chequing Account

Earn up to a $700 welcome bonus and get a $50 Walmart Canada eGift card. Valid until March 2, 2026. Plus, pay no monthly plan fees for 2 years.

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BMO Practical Chequing Account

Earn up to a 4.60% promo interest rate when you open a new AIR MILES Chequing Account and Savings Amplifier Account. Valid until November 30, 2025

BMO Plus Chequing Account

Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until March 2, 2026.

BMO AIR MILES Chequing Account

Earn up to a 4.60% promo interest rate when you open a new AIR MILES Chequing Account and Savings Amplifier Account. Valid until January 1, 2026 . Plus, get up to 7,000 AIR MILES Bonus Miles. Valid until January 30, 2026.

BMO high interest savings account promotion

BMO offers a number of savings accounts that often come with new account promotions of a higher interest rate a number of months when you open an account.

These BMO high interest savings account promotions are often very competitive compare to other banks, but beware that after the promo period ends, the ongoing standard interest rate can be much lower.

BMO InvestorLine promotion

BMO frequently offers promotions when you sign up for InvestorLine — its user-friendly online trading platform. With BMO InvestorLine, you can put your investments in registered and non-registered accounts. Plus, an InvestorLine Self-Directed account can enable you to make your own investment decisions.

BMO InvestorLine promotions typically offer a cash bonus amount dependent on the amount you invest. So, for example, if you invest $5,000 – $24,999, you could get a $300 bonus, but if you invest $1,500,000+, you could get a $3,500 bonus.

BMO InvestorLine

Get 0.5% cash back when you deposit $5,000 or more with promo code SDCASH.

BMO credit card offers

We’ve seen BMO credit card offers for higher cash back rates, balance transfer deals and bonus point collection promotions.

BMO CashBack Mastercard

Get up to 5% cashback in your first 3 months.

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BMO Preferred Rate Mastercard

Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee.

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BMO Ascend World Elite Mastercard

Get up to 90,000 points and get the $150 annual fee waived by your first anniversary.

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BMO offers for newcomers

BMO offers a newcomers banking package, the NewStart Program, where immigrants can get access to a wide range of perks to help get their finances set up.

This program offers savings valued at more than $2,100 on a chequing account, credit card, mortgage, investment opportunities and more.

BMO New to Canada Performance Chequing Account
8.7 Great
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BMO New to Canada Performance Chequing Account

Earn $700
Bonus Offer
$17.95
Monthly Account Fee
unlimited
Free Transactions
Eligibility: Must be 18 or older (or the age of majority), have a SIN and a Canadian address. To qualify for the NewStart Program, you must be a permanent resident or foreign worker who arrived in Canada within the last five years.
Perks: Fee-free international transfers for the first year, bonus cash back with with an eligible credit card, account opening cash bonus, additional cash bonus when you rent a safety deposit box.
Credit card (yes/no): Yes
  • No monthly fee (conditions apply)
  • Unlimited fee-free BMO Global Money Transfers for 1 year
  • Rebates and cash bonuses available
  • Must have a minimum balance of $4,000 to avoid a monthly fee of $17.95 after first year
Monthly Account Fee $17.95
Free Transactions unlimited
Interac e-Transfer Fee $0
In-Network ATM Fee $2
Foreign Transaction Fee 2.5%
CDIC Deposit Insurance $100,000
Bonus Offer Earn $700

Is it worth switching banks for a BMO promotion?

That depends on your current finances and financial goals. BMO, or the Bank of Montreal, is the third-largest bank in Canada by market capitalization and the eighth-largest bank in North America.

BMO offers a wide range of banking and investment services including bank accounts, credit cards, mortgages, loans, GICs, stock trading and insurance options. In addition to being one of the Big Five banks in Canada, BMO is well-known for its good customer service.

That said, consider the fees and features of any bank account before signing up to ensure you’re getting the right value for your money.

For example, if you’re looking for a simple, no-fuss chequing account, instead of opting for one of BMO’s offers, you may be better off signing up for a chequing account from one of Canada’s digital banks — like Simplii or EQ Bank — which tend to offer no-fee accounts, unlimited monthly transactions and competitive signup bonuses.

BMO promotions vs. other Canadian bank offers on now

Although BMO offers competitive bonus promotions, other Big Banks, digital banks and credit unions are offering competitive promotions right now too. Here are some other bank promo options you can compare with BMO new account offers:

Scotiabank Preferred Package

Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until March 2, 2026. Plus, earn up to 4.70% interest for 3 months on your MomentumPLUS Savings Account.

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Scotiabank Ultimate Package

Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until March 2, 2026. Plus, earn up to 4.75% interest for 3 months on your MomentumPLUS Savings Account.

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Scotiabank MomentumPLUS Savings Account

Earn a savings rate of up to 4.75% for 3 months when you open a Scotiabank MomentumPLUS Savings Account and a Scotiabank Ultimate Chequing Account.

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Simplii No Fee Chequing Account

Earn $300 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends January 31, 2026.

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Simplii High Interest Savings Account

Earn 4.50% interest for 5 months on up to $200,000 in savings. Terms Apply. Offer ends January 31, 2026.

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Coast Capital Free Chequing, Free Debit, and More Account

New members can get up to $350 when they open and use a Coast Capital Free Chequing, Free Debit, and More Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

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Coast Capital Elevate Chequing Account

New members can get up to $600 when they open and use a Coast Capital Elevate Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

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Coast Capital Unlimited Chequing Account

New members can get up to $450 when they open and use a Coast Capital Unlimited Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.

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EQ Bank Personal Account

Earn 2.75% interest on your money for 12 months and 1.00% thereafter.

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RBC Signature No Limit Banking Account

Get $400 when you open your first RBC Signature No Limit Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.

RBC VIP Banking Account

Get $400 when you open your first RBC VIP Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.

CIBC Smart Account

Get a $500 cash bonus when you open a CIBC Smart Account as your first chequing account and complete the qualifying actions within 2 months.

Innovation Federal Credit Union No-Fee Chequing Account

Apply to win a $500. Open a No-Fee Bank Account and you'll be entered to win one of two draws for $500. T&Cs apply. Valid until December 31, 2025.

TD Unlimited Chequing Account

Get up to $750 when you open a TD Unlimited Chequing Account. Terms and conditions apply. Offer ends March 3, 2026.

Tangerine No-Fee Daily Chequing Account

Earn up to $250. Open a No-Fee Daily Chequing Account and switch your payroll deposits to your new Tangerine Chequing Account for 2 consecutive months to receive $250. Valid until January 31, 2026.

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Tangerine Savings Account

Open a Tangerine Savings Account to earn 4.50% for the first 5 months (on up to $1,000,000 in deposits) when you sign up by March 16, 2026. Thereafter, you'll earn 0.30%.

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You can explore more options from the Big Five banks, digital banks, credit unions and prepaid cards in our full guide to the best bank promotions in Canada.

Most Canadians would switch banks for a promotional offer

Canadians are deal hunters when it comes to banking. More than one in two (55.54%) would switch bank accounts to take advantage of a promotional offer, according to the Finder: Consumer Sentiment Survey January 2025, while more than one in four (25.87%) said a sign up bonus would play an important factor in their decision to switch.

EQ Bank

EQ Bank Personal Account

  • Earn 2.75% interest for 12 months
  • No monthly account fee
  • Earn 0.5% cashback on your purchases with the EQ Bank Card
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Frequently asked questions about BMO promotions

More banking guides from our experts

Chelsey Hurst's headshot
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Publisher

Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature. See full bio

Chelsey's expertise
Chelsey has written 123 Finder guides across topics including:
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Emma Balmforth's headshot
Co-written by

Producer

Emma Balmforth is a producer at Finder. She is passionate about helping people make financial decisions that will benefit them now and in the future. She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. Emma has a degree in Business and Psychology from the University of Waterloo. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog. See full bio

Emma's expertise
Emma has written 124 Finder guides across topics including:
  • Banking
  • Personal Loans
  • Car Loans
  • Business Loans
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