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Pros & Cons

Pros

  • +No monthly fee
  • +Unlimited transactions
  • +E-statements available

Cons

Current Promotion

With the BMO Performance Plan Chequing Account, you can manage your personal finances without monthly plan fees:

  • Save up to $491 a year with a Performance Plan chequing account
  • Unlimited number of everyday banking transactions*
  • Up to $40 rebate for eligible BMO credit card*
  • No-Fee BMO Global Money Transfers: Send funds quickly and securely to 70 destinations in multiple currencies.
  • No monthly fees

Account Features

  • E-StatementIncluded
  • Unlimited TransactionsIncluded
  • Unlimited Interac e-TransfersNot included

Special Offer

Monthly fees waived for members of the Canadian Defence Community (Canadian Armed Forces, veterans and their families). No limited-time welcome bonus is currently available.

Terms and conditions

  • Save up to $491 per year with a Performance Plan Chequing Account
  • Unlimited transactions, including INTERAC e-Transfer®§ transactions
  • Enjoy banking with no monthly plan fees*
  • Keep the same accounts, no matter how many times you relocate
  • Complimentary OnGuard Identity Theft Protection Service*

Related Accounts

*Conditions apply.

Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Tori Points may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 BMO. All trademarks are property of their respective owners.