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*.
Earn $500 when you open a new BMO Performance Chequing Account, make a deposit of any amount by March 2, 2026 and complete two qualifying tasks by April 30, 2026.
Plus, get a Walmart Delivery Pass subscription for up to 12 months* when you open a new Savings Amplifier Account by March 2, 2026, and sign up for or update your existing Walmart Delivery Pass by April 30, 2026 by selecting Debit Mastercard as the payment option for the monthly transaction fee.
Earn $150* when you deposit a total of $10,000 or more in to your Savings Amplifier Account and maintain a daily closing balance of $10,000 or more at all times for the specified period.
Earn $50* when you create one goal and apply one strategy in My Financial Progress Plan by April 30, 2026.
The monthly account fee is waived if you maintain a minimum daily balance of at least $4,000.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
monthly fee is waived for members of the Canadian Defence Community
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.
No fee for first year. Monthly account fee waived with min. $4,000 balance.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
N/A
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
Monthly fee
$4
Interest rate
0%
Transactions
12/month
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
12 free transactions per month and unlimited Interac e-Transfers
BMO Plus Chequing Account
Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until March 2, 2026.
Monthly fee
$11.95
Waiver
If you keep at least $3,000 in your account each month, you can get the monthly fee waived.
Interest rate
0%
Transactions
25/month
Interac e-transfers
$0
Non-network ATM in Canada
$2
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.
Monthly fee
$17.95
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
awarded 1 AIR MILES point for every $25 spent using the BMO Debit Card on your everyday purchases
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 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.
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.
The monthly account fee will be waived if you have at least $4,000 in your account at all times.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
Unlimited debit transactions & Interac e-Transfer transactions One free non-Scotiabank ABM withdrawal per month in Canada First year annual fee waiver (up to $139) on select credit cards Pay just $1.99 for each Scotia International Money Transfer Preferred rates on select GICs Earn Scene+ points and redeem for various rewards
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.
Monthly account fee waived if you have at least $6,000 in your account at all times or a combined balance of $30,000 across your Ultimate Package and a MomentumPLUS Savings Account.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
Unlimited debit transactions & Interac e-Transfer transactions Unlimited free Global non-Scotiabank ABM withdrawals (terms apply) Up to $139 annual fee waiver each year on select credit cards No monthly Overdraft Protection fee Special rates on select GICs Earn Scene+ points and redeem for rewards 10 free equity trades at Scotia iTRADE in your first year (approximately $100 value), and 5 free equity trades every year after Free personalized cheques and drafts $60 annual fee waiver (equivalent to a small safety deposit box)
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.
Sign up for the Scotiabank MomentumPLUS Savings Account and you may be eligible to earn three different types of interest totaling . The first is a base rate of 0.40% that you'll earn on your entire balance, plus a package interest rate boost of 0.10% for Ultimate Package holders and a 0.05% rate for Preferred Package holders.
The second is a premium interest rate of 0.45%, which is earned when you choose 360-day premium period (or earn lower rates with 90, 180 and 270 periods). A longer premium period earns a higher premium period interest rate, provided you don't make any withdrawals within the selected period. Premium period interest is calculated daily and paid at the end of the applicable premium period.
The third is a welcome bonus interest rate of 4.05% for 3 months, calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account.
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.
Earn $125 when you refer a friend to Simplii and they set up an account (they'll earn $50, provided you both meet certain eligibility criteria).
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.
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.
You'll pay a reduced monthly fee of $8.50 if you maintain a minimum balance of $4,000 at all times, or if you’re either 25 or younger or 59 or older.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2.50
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.
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.
Monthly fee
$16.95
Waiver
Through RBC's Value Program Rebate, pair this account with other eligible RBC accounts and save up to $11.95 per month. Only pay $10.95/month for this account with 2 other eligible RBC products.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
5 free cross-border debits per month ($1.00 each afterwards)
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.
Monthly fee
$30
Waiver
Through RBC’s Value Program Rebate, pair this account with 2 other eligible RBC accounts and get cashback for some or all of your monthly fees—for example, only pay $19.95/month for this account.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
free cross-border debit transactions, free RBC VIP Style personalized cheques and up to 2 additional Canadian dollar accounts and 1 U.S. dollar account
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.
Monthly fee
$16.95
Waiver
The monthly fee is waived if you have a minimum of $4,000 in your CIBC chequing account. You also won't have to pay a monthly fee if you opt for Tier 2 where, if you hold $40,000 to $99,999 in combined average monthly CIBC eligible balances, you'll be eligible for rebates on select ATM fees. If you opt for Tier 3 by holding $100,000 or more in combined eligible CIBC balances, you will also get credit card fee rebates and free overdraft protection.
Transactions
unlimited
Interac e-transfers
Free
Non-network ATM in Canada
$2
Highlights
Unlimited transactions cost $16.95 or $0, depending on the Tier option you opt for.
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.
Monthly fee
$0
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
N/A
Highlights
Unlimited transactions
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.
Monthly fee
$17.95
Waiver
maintain a $4,000 minimum balance to receive a monthly fee rebate.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
Earn up to $750 when you open a new chequing account and set up direct deposit.
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.
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%.
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 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
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 $700 when you open a BMO Performance Chequing Account. Certain conditions will apply.
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.
BMO welcome offers on chequing accounts change all the time. You can view and apply for the best BMO deals above.
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.
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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.
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