BMO · Business chequing
Business account
$5.00 a month with unlimited transactions.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- $5.00
- In-branch transaction
- $5.00
- Extra electronic transaction
- $0.00
What is included
- Transactions each month
- Unlimited transactions
- Interac e-Transfers
- 6 a month
- Fee per e-Transfer beyond that
- $1.50
- Cash deposits free each month
- $0
- Cash deposit fee after that
- $2.50 per $1,000
Who can open it
- US dollar account
- No
Deposit protection
- Insured by
- CDIC
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.bmo.com
- Fees and terms
- Published fee schedule
Notes
Unlimited electronic/ATM transactions and unlimited Moneris transactions. In-branch transactions cost $5 each, the steepest teller charge in the big six. Zero cash deposit allowance: every $1,000 of cash costs $2.50. Items deposited over limit $0.25 each.
Where the institution contradicts itself
A machine read of the Better Business Banking Guide PDF returned $51 for this plan; the product page states $5 per month. The product page figure is used.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.