Account (CA)
How to start banking with BMO Bank?
Whether you are a small business owner, a student, or a person looking for a low-interest rate credit card, BMO Bank has it all. Check out how to start banking with it!
BMO Bank: a trustworthy financial institution full of products and services
The Bank of Montreal, BMO Bank, is the oldest and one of the largest banks in Canada. That’s how it offers reliability, convenience, and protection.
The list of financial products and services featured includes chequing accounts, savings, credit cards, mortgages, loans, lines of credit, investments, financial planning, insurance, and more.
Whether you need digital banking, deposit money, request money, transfer cash, send cash, pay bills, and more, BMO has it all.
So, learn now how to open an account or apply for its credit cards.
Apply for the account
Access the BMO website and select Bank Accounts. You can choose a chequing or a savings account.
Then, select one that fits your needs and goals. Also, check the requirements.
After that, click on Open an Account.
Finally, enter your personal information and submit the forms.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Apply for the credit cards
Access the BMO website and select Credit Cards. Choose one that fulfills your needs. Then, click on Apply Now.
Then, fill in the forms and submit them.
BMO Bank vs. Scotiabank
Both banks are substantial and trustworthy financial institutions. They offer a complete list of products and services so you can find one that will fit your profile.
Also, even though they charge some fees, they offer the possibility to waive them. In addition, the rates are competitive if analyzed in the market.
BMO Bank of Montreal | Scotiabank | |
Financial products and services offered | Bank accounts, credit cards, mortgages, loans, lines of credit, investments, financial planning, insurance | Accounts: chequing, savings, Senior, Student, Newcomers; Credit cards; Mortgages; Loans and Lines of credit; Investments; Insurance; Customized banking solutions for Indigenous peoples, Senior, Newcomers, Hockey unites communities, Students, and more |
Fees | All chequing accounts charge fees, but it can be waived with a minimum balance;Some credit cards don’t have fees | It charges monthly fees for accounts and annual fees for credit cards |
Minimum balance | You can maintain a minimum balance to waive fees. Each account specifies a different minimum balance | It requires a minimum balance for some types of accounts so the fees are waived, as terms and conditions apply |
How to start banking with Scotiabank?
Get all you need from a financial institution with Scotiabank! Learn how to start banking with it!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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