BMO Practical Chequing Account (Practical Plan)

BMOChequing

BMO · Chequing

$4.00 a month with 12 transactions included.

Monthly fee$4.00
Transactions included12
Interest rateNone published
Welcome offer$150

Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research

What it costs

Monthly fee
$4.00
How the waiver works
No minimum-balance waiver for this plan. $0.00/month for seniors 60 and older.
Each transaction over the limit
$1.25
NSF fee
$10.00
Overdraft protection, monthly
$5.00

What is included

Transactions each month
12 transactions a month
Interac e-Transfers
Included with no separate fee
ATM network
BMO, Interac
ATM outside the network
$2.00

Who can open it

Senior discount
$4.00 a month

Current offer

Welcome bonus
$150
What it requires
$150 cash: open a new account during the offer period (August 7, 2026, November 2, 2026) with a valid email, make any deposit by November 2, 2026, set up one recurring direct deposit of $500 or more appearing by December 31, 2026, and complete two bill payments of $50+ or two pre-authorized debits of $50+ by December 31, 2026. New customers only; account must stay open and in good standing through November 2, 2027.

Deposit protection

Insured by
CDIC

Where these figures come from

Figures checked on
August 19, 2026
Source page
www.bmo.com

Notes

BMO's cheapest plan at $4/month for 12 transactions, and free for anyone 60 or older.

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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.