BMO promotions give you a bonus or incentive for you to switch from another bank and sign up with BMO. Historically, we’ve seen offers worth hundreds of dollars as a cash bonus and a high savings interest rate when you sign up for a new BMO chequing and savings account.
We’ve compiled lists of BMO promotions currently available for chequing accounts, savings accounts, investments, credit cards and newcomers. Easily compare your options below.
We’ve gathered the latest BMO promotions available now so you can easily browse through current BMO account offers and compare deals.
BMO Performance Chequing Account
Get up to $700 in cash bonuses. Earn $450 when you open a new BMO Performance Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until March 3, 2025. Also earn a 4.75% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.
BMO Premium Plan Chequing Account
Get up to $700 in cash bonuses. Earn $450 when you open a new BMO Premium Plan Chequing Account and $200 when you open a Savings Amplifier Account. Plus, earn an additional $50 when you add a second member and make it a BMO Family Bundle. Valid until March 3, 2025. Also earn a 4.75% bonus interest rate when you add a Savings Amplifier Account.
BMO New to Canada Performance Chequing Account
Earn up to a $700 welcome bonus. Valid until January 31, 2025. Plus, enjoy no monthly plan fee banking for one year, and send unlimited BMO Global Money Transfers with no fee.
BMO Plus Chequing Account
Earn $100 when you open an account and setup recurring deposits and bill payments. Valid until March 3, 2025.
BMO AIR MILES Chequing Account
Earn up to a 4.75% promo interest rate when you open a new AIR MILES Chequing Account and Savings Amplifier Account. Valid until February 28, 2025
In order to qualify to get $700 from the BMO promotional offer, you’ll need to complete 3 steps:
Open one of these two BMO chequing accounts, and deposit money into that account, by March 3, 2025:
After you’ve opened and deposited money into your new BMO chequing account, you’ll need to set up two of the following by April 30, 2025:
After you’ve completed this step, you’ll earn $450.
You’ll then need to open a BMO Savings Amplifier Account by March 3, 2025. Then you’ll have to complete the following tasks in this order:
After you’ve completed this step, you’ll earn $200.
Next, you simply need to invite a family member to sign up as part of the BMO Family Bundle and open their account by March 3, 2025. After you’ve completed this last step, you’ll earn $50.
BMO offers a number of savings accounts that often come with new account promotions of a higher interest rate a number of months when you open an account.
These BMO high interest savings account promotions are often very competitive compare to other banks, but beware that after the promo period ends, the ongoing standard interest rate can be much lower.
BMO Savings Amplifier Account
Earn 4.75% interest when you open both a BMO Performance Chequing Account and a BMO Savings Amplifier Account. Plus, earn up to a $600 opening bonus with the chequing account. Valid until February 28, 2025 .
BMO frequently offers promotions when you sign up for InvestorLine — its user-friendly online trading platform. With BMO InvestorLine, you can put your investments in registered and non-registered accounts. Plus, an InvestorLine Self-Directed account can enable you to make your own investment decisions.
BMO InvestorLine promotions typically offer a cash bonus amount dependent on the amount you invest. So, for example, if you invest $5,000 – $24,999, you could get a $300 bonus, but if you invest $1,500,000+, you could get a $3,500 bonus.
BMO InvestorLine
Get up to $3,500 cash back (use BMO promo code, SDCASH).
We’ve seen BMO credit card offers for higher cash back rates, balance transfer deals and bonus point collection promotions.
BMO CashBack Mastercard
Get 5% cash back on all eligible purchases in the first three months (up to a maximum spend of $2,500).
BMO Preferred Rate Mastercard
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived by your first anniversary.
BMO Ascend World Elite Mastercard
BMO offers a newcomers banking package, the NewStart Program, where immigrants can get access to a wide range of perks to help get their finances set up.
This program offers savings valued at more than $2,100 on a chequing account, credit card, mortgage, investment opportunities and more.
| Min. Age | N/A |
|---|---|
| Account Fee | $16.95 |
| Overdraft Fee | $5 |
| U.S. ATM Fee | $5 |
| International ATM Fee | $5 |
That depends on your current finances and financial goals. BMO, or the Bank of Montreal, is the third-largest bank in Canada by market capitalization and the eighth-largest bank in North America.
BMO offers a wide range of banking and investment services including bank accounts, credit cards, mortgages, loans, GICs, stock trading and insurance options. In addition to being one of the Big Five banks in Canada, BMO is well-known for its good customer service.
That said, consider the fees and features of any bank account before signing up to ensure you’re getting the right value for your money.
For example, if you’re looking for a simple, no-fuss chequing account, instead of opting for one of BMO’s offers, you may be better off signing up for a chequing account from one of Canada’s digital banks — like Simplii or EQ Bank — which tend to offer no-fee accounts, unlimited monthly transactions and competitive signup bonuses.
Although BMO offers competitive bonus promotions, other Big Banks, digital banks and credit unions are offering competitive promotions right now too. Here are some other bank promo options you can compare with BMO new account offers:
RBC Signature No Limit Banking Account
Get $450 when you open an RBC Signature No Limit Banking Account. Apply by February 10, 2025.
RBC VIP Banking Account
Simplii No Fee Chequing Account
Earn $500 when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends February 28, 2025.
National Bank The Total Chequing Account
Get $150 towards an eligible National Bank credit card you activate after opening a National Bank The Total Chequing Account.
National Bank Connected Account
Get $30 cashback when you get an eligible National Bank credit card you activate after opening a National Bank Connected Account.
BMO Performance Student Chequing Account
Earn a $125 cash bonus and up to 12 months of Domino’s Pizza (worth $95, one pizza per month) when you open a new BMO Student Chequing Account. Valid until February 28, 2025.
KOHO Earn Interest
Earn up to 5.00% interest with a high interest savings account. Pick a KOHO plan and opt-in to Earn Interest.
Simplii High Interest Savings Account
Earn 6.00% interest for 5 months on up to $1,000,000 in savings. Apply by January 31, 2025.
EQ Bank Personal Account
Mydoh Smart Card
$15 bonus for new accounts
TD High Interest Savings Account
Earn up to $2000 in cash with certain deposits on new or existing accounts. Offer ends January 31, 2025. T&Cs apply.
You can explore more options from the Big Five banks, digital banks, credit unions and prepaid cards in our full guide to the best bank promotions in Canada.
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