Monthly Fee
CA$17.95
Welcome Bonus
Up to CA$900
Apply Now →on BMO's website
Transaction limit:Unlimited transactions
Minimum Deposit:CA$4,000 to waive monthly fee
Annual Percentage Yield (APY):
N/A
Welcome Bonus: Up to CA$900
You can earn a total cash bonus of up to CA$900 with the BMO Summer Everyday Banking Offer when you open a new BMO Performance Chequing Account alongside a Savings Amplifier Account.
Monthly Fee:
CA$17.95
Minimum Deposit:
CA$4,000 to waive monthly fee
Transaction Limits:
Unlimited transactions
The standout feature here is the potential for a high welcome bonus, making it an attractive option for new customers. However, the monthly fee can be a drawback unless the balance requirement is met.
Pros:
- Unlimited transactions
- High welcome bonus
Cons:
- High monthly fee
The BMO Performance Chequing Account is well-suited for individuals who can take advantage of the substantial welcome bonus and maintain the necessary balance to avoid the monthly fee. However, those who prefer no monthly charges or interest earnings may want to explore alternative options.