BMO Premium Chequing Account 2026 Review

Monthly Fee
CA$30.95
Welcome Bonus
$500 cash bonus
Apply Now →on BMO's website
Transaction limit:Unlimited transactions
Minimum Deposit:CA$6,000 to waive monthly fee

Interest Rate:

N/A

Welcome Bonus: $500 cash bonus

Earn $500 when you open and fund a new BMO Performance or Premium Plan Chequing Account by June 1, 2026.

Monthly Fee:

CA$30.95

Minimum Deposit:

CA$6,000 to waive monthly fee

Transaction Limits:

Unlimited transactions

What sets the BMO Premium Chequing Account apart is its additional perks, including worldwide ATM fee waivers and credit card fee rebates, making it ideal for frequent travelers. While it comes with a higher monthly fee, the benefits provided can justify the cost for those who utilize them.

Pros:

  • Unlimited transactions
  • Premium perks

Cons:

  • Higher monthly fee
learn more about this bank account on BMO's website →

In conclusion, the BMO Premium Chequing Account is well-suited for frequent travelers seeking added convenience and savings on international transactions, making its higher monthly fee worthwhile for those who can take advantage of its extensive perks. However, for customers who don't travel often, it may be more beneficial to explore other account options with lower fees.

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