Account (CA)
BMO Performance Chequing account review
BMO offers a plenty of chequing accounts types for you to choose which fits your needs better. Today, let us present to you the BMO Performance Chequing account review!
BMO Performance Chequing account: get unlimited everyday banking transactions at low costs!
BMO Bank features many types of accounts, credit cards, investments, loans, insurance, mortgages, financial planning, and more. You have probably heard about its services and products if you are a Canadian. It is the oldest bank in Canada, and we’re sure that equals trust and credibility. So, if you are searching for a Chequing account with a competitive price and unlimited everyday banking transactions with perks, let us present to you the BMO Performance Chequing account review.
Intro Balance Transfer APR | See terms & conditions |
Regular Balance Transfer APR | See terms & conditions |
Balance Transfer Fee | See terms & conditions |
How to get a BMO Performance Chequing account?
Enjoy the benefits when opening a BMO Performance Chequing account! Check out how to apply for it!
How does the BMO Performance Chequing account work?
The BMO Performance Chequing account is the most popular account from BMO. When opening it and adding a family member to the Family Bundle Offer option, you get a welcome cash bonus of up to $350.
Plus, the BMO Family Bundle allows you to have separate accounts with all the benefits and only one monthly fee. And all of that with no-fee daily banking transactions.
Moreover, the unlimited no-fee daily banking transactions apply for BMO Online, Mobile app, Telephone Banking, BMO branch, or ATMs.
Also, if you add a Smart Saver Account to the Performance one, you get a 1.25% interest rate for four months.
Furthermore, a Performance Plan Chequing Account provides a discount on eligible BMO credit cards annual fees.
Finally, get all these promotions and perks for only $16.95 per month. But, if you keep a minimum balance of $4,000, you won’t need to worry about monthly fees at all.
Please keep reading to find out more about its benefits!
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BMO Performance Chequing account benefits
Firstly, it offers unlimited transactions and Interac e-Transfer®§ transactions per month. Secondly, it includes one Canadian withdrawal per month, and then $2 each in Canada, $5 each in the U.S., and $5 each outside Canada and U.S.
Thirdly, it features standard Overdraft protection for only $5 per month. And free Canadian and U.S. dollar savings account.
Also, it gives some exclusive offers like Opening Account and Family Bundle bonuses, 1.25% Smart Saver Account interest rate, up to $2,500 mutual funds when start investing at BMO, 0.10% GIC bonus, and BMO credit cards annual fees rebate.
In addition, you can feel peace of mind with OnGuard Identity Theft Protection at no charge. In summary, all of that costs $16.95 per month, or $0 if you manage a minimum balance of $4,000.
Pros
- It offers many types of bonuses, promotions, and discounts when opening an account;
- It provides unlimited daily banking transactions;
- You can waive the monthly fee if you maintain a minimum balance of $4,000;
- It features a great mobile app and physical branches if needed;
Cons
- You need a high balance to waive the monthly fee;
- You have to watch out for the non-BMO ATMs, as it charges a fee of $5 per withdrawal.
How good does your credit score need to be?
All you need to apply for the Performance Chequing Account is a Social Insurance Number and a Canadian Address.
How to apply for a BMO Performance Chequing account?
Learn how to apply and open an account at BMO and get the promotions and unlimited free banking transactions right away!
How to get a BMO Performance Chequing account?
Enjoy the benefits when opening a BMO Performance Chequing account! Check out how to apply for it!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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