Pros & Cons
Pros
- +Fee waived with $4,000 minimum balance
- +Unlimited transactions
- +E-statements available
Cons
- –Monthly fee of $17.95
Current Promotion
With the BMO Performance Chequing Account, you can get up to $900 in cash* and up to 12 months of Walmart Delivery Pass subscription*:
- $700 for opening a BMO Performance or Premium Chequing Account by August 6, 2026, setting up a recurring direct deposit of $500 or more by September 30, 2026, and completing eligible banking activities.
- $150 for opening a Savings Amplifier Account by August 6, 2026 with a deposit of $10,000 or more within 30 days of opening the account and maintaining an eligible balance to receive the promotional interest rate of 4.65%.
- An additional $50 by creating a goal and applying a strategy in My Financial Progress by September 30, 2026.
- Up to 12 months of Walmart Delivery Pass subscription when you open and fund an eligible BMO account and use your debit card as the payment method.
Also enjoy a promotional interest rate of 4.75% with a BMO Savings Amplifier Account.
Other Benefits:
- Unlimited banking transactions*
- Family members in your household get no fee daily banking with the BMO Family Bundle*
- Up to $40 rebate for eligible BMO credit cards*
- OnGuard®† Identity Theft Protection at no charge*
All for $17.95 a month, or free if you maintain a minimum balance of $4,000*.
Ends Aug 6, 2026
Account Features
- E-StatementIncluded
- Unlimited TransactionsIncluded
- Unlimited Interac e-TransfersNot included
Special Offer
Ends Aug 6, 2026
Terms and conditions
Get up to $900 in cash* + up to 12 months of Walmart+ membership* :
- Earn $700 when you:
- Open and fund a new BMO Performance or Premium Plan Chequing Account by August 6, 2026*
- Set up a recurring direct deposit of $500 or more from your employer, the government, or a pension plan into your new chequing account by September 30, 2026*
- Complete one of the following by September 30, 2026* :
- Make two bill payments of at least $50 to two different payees through BMO Online Banking or the BMO Mobile Banking app*
- Set up two pre-authorized debits of at least $50 with two different payees*
- Earn $150 when you:
- You must complete Step 1 to be eligible for Step 2.*
- Open a Savings Amplifier Account by August 6, 2026*
- Deposit $10,000 or more within 30 days of opening the account and maintain a daily closing balance of $10,000 or more for 120 calendar days from the deposit date to receive the 4.65% promotional interest rate on balances up to $1,000,000*
- Then maintain a daily closing balance of $10,000 or more for an additional 90 calendar days to be eligible for the $150 cash bonus*
- Earn $50 when you:
- You must complete Step 1 to be eligible for Step 3.*
- Create a goal and apply one (1) strategy in My Financial Progress by September 30, 2026*
- Get up to 12 months of Walmart+ membership* :
- Open and fund a new BMO Performance, Premium, Practical, or Plus Plan Chequing Account by August 6, 2026*
- Sign up for Walmart+ or update your existing membership to Walmart+ by September 30, 2026 and select your debit card as the payment method*
- Get a 4.75% promotional interest rate on balances up to $1,000,000 when you add a Savings Amplifier Account.*
- Unlimited transactions*
- Family members in your household get no fee daily banking with the BMO Family Bundle*
- Up to $40 rebate for eligible BMO credit cards*
- OnGuard®† Identity Theft Protection at no charge*
Related Accounts
* Conditions apply. Visit bmo.com/cashbonus.
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. Ratesopedia 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.