BMO promotions and offers

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.

How to qualify for the BMO promotion

You’ll have to complete several steps by certain deadlines to qualify for the current BMO promotion. Earn up to $900

Earn $700 when you open and fund a new BMO Performance Chequing Account by August 6, 2026 and complete two qualifying tasks by September 30, 2026.

Earn $150 when you open a Savings Amplifier Account, deposit a total of $10,000 or more, and maintain a daily closing balance of $10,000 or more for 7 months.

Earn $50 when you create one Goal and apply one Strategy in the My Financial Progress Plan by September 30, 2026.

Plus, get a Walmart+ membership for up to 12 months when you open and fund a new BMO Chequing Account by August 6, 2026, and sign up for or update your existing Walmart+ membership by September 30, 2026 by selecting Debit Mastercard as the payment option for the monthly transaction fee.

*Terms apply.

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 compared 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 Self-Directed

Get up to $10,000 + 150 free trades. Offer ends August 31, 2026.

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 0% introductory interest rate on balance transfers for 18 months with a 2% transfer fee. Plus, get the $29 annual fee waived for the first year.

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BMO Ascend World Elite Mastercard

Get up to 100,000 points, Mastercard Travel Pass & 4 Complimentary Lounge Passes, NEXUS Statement Credit and get the $150 annual fee waived in the first year. Plus, get a 0% introductory interest rate on balance transfers for 12 months with a 2% transfer fee. That's up to $1,600 in value.

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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.

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BMO New to Canada Performance Chequing Account

Earn $900
Bonus Offer

$17.95
Monthly Account Fee

unlimited
Free Transactions

• Info
• Pros + Cons
• More Details

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 $900

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:

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.

Do Canadians consider bank promotions?

Canadians are deal hunters when it comes to banking and comparing promotional offers like BMO’s. Almost two-thirds (65.45%) consider a bank’s promotional offer when choosing a new account, according to the Finder: Consumer Sentiment Survey March 2026, with half of Canadians (49.19%) saying that sign-up bonuses play a role in their decision to open an account.

BMO Performance Chequing Account

• Earn up to an $900 bonus
• Exclusive: Get an extra $175 reward from Finder
• Enjoy up to 4.65% promo interest

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Frequently asked questions about BMO promotions

• How do you get the $300 promotion from BMO?

  Use one of our deal codes above to take advantage of a signup offer. While the previous $300 promo is no longer active, you can earn up to $900 when you open a BMO Performance Chequing Account. Certain conditions will apply.

• How do I get free money from BMO?

  If you're not currently a BMO client, you could open a chequing account in order to take advantage of a welcome bonus. Some accounts that offer high welcome offers include the BMO Performance Chequing Account and the BMO Premium Plan Chequing Account.

  If you're looking to get a mortgage, you can also take advantage of a cashback offer.

• What was the recent BMO deal?

  BMO welcome offers on chequing accounts change all the time. You can view and apply for the best BMO deals above.