BMO BMO: Get Up to $400 When You Open a New BMO Banking Account Get Up to $400 with New BMO Banking Accounts!

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Start the year with a new banking deal from BMO, where you'll earn up to a $400.00 bonus when you open a new BMO Chequing Account.

This offer is only available to new or eligible customers who open a Performance Chequing Account or Premium Chequing Account. Simply enroll in either account before January 31 and make a deposit of any amount, then complete any two of the following to qualify for a $350.00 bonus:

  • Make two separate bill payments of at least $50.00 through BMO Online Banking or the BMO Mobile App
  • Set up one recurring direct deposit from your employer, the government or pension
  • Set up two separate pre-authorized debits of at least $50.00

You can also earn an additional $50.00 bonus if invite a family member as part of a BMO Family Bundle before January 31. Once complete, all eligible bonuses will be deposited into your account by April 30.

This offer is available to new or eligible BMO customers until January 31 – click here to read the complete terms and conditions of this offer.

Showing 11 Most Recent Comments

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  • TTRMND
    • So I assume a bimonthly PAD doesn’t work? It doesn’t say anywhere that it should be monthly though, or does it?
    • Report Post
  • MrBungal
    • Do you know if the PAD needs to be monthly or is bimonthly ok too?
      If it's at least once a month you're good.
    • Report Post
  • TTRMND
    • So now BMO is 2 PAD's and 2 Bill payments, up from 1 each for the promo that ended in Oct last year. Still better than CIBC's mandatory DD that must be maintained for 1 year.
      Do you know if the PAD needs to be monthly or is bimonthly ok too?
    • Report Post
  • MrBungal
    • Yup, I ignore anything that requires keeping the account open more than 4 months. This is an easy churn considering I can overpay my cell phone bill to hit the $50 minimum bill payment and carry forward the balance. If you can't do PAD, just switch your direct deposits or get your up coming tax refunds deposited as they count.
      Well this is not for you because BMO always had 1 year from the end of promotion to keep the account open.

      Only CIBC and Scotia didn't. Now with CIBC making DD mandatory and Scotia being the biggest scum bank that will fight tooth and nail to give you the bonus even though all the conditions have been met, I'm afraid the chequing account churning era is coming to a close.
    • Report Post
  • bran2540
    • Make sure you read the TOS.

      The Chequing Account must remain open in an
      Eligible Plan until January 31, 2024. Customers who close their
      Chequing Account or change to a plan other than an Eligible
      Plan before January 31, 2024, will no longer qualify for any
      cash bonus. If you close the Chequing Account or change to a
      plan other than an Eligible Plan and the cash bonus has been
      paid, we reserve the right, in our sole discretion, to withdraw
      the full value of the cash bonus from the Chequing Account or
      send you an invoice for any amount outstanding.
    • Report Post
  • jfmartel
    • The Chequing Account must remain open in an Eligible Plan until January 31, 2024
    • Report Post
  • StergMTL
    • So now BMO is 2 PAD's and 2 Bill payments, up from 1 each for the promo that ended in Oct last year. Still better than CIBC's mandatory DD that must be maintained for 1 year.
      Yup, I ignore anything that requires keeping the account open more than 4 months. This is an easy churn considering I can overpay my cell phone bill to hit the $50 minimum bill payment and carry forward the balance. If you can't do PAD, just switch your direct deposits or get your up coming tax refunds deposited as they count.
    • Report Post
  • SK1701
    • Has anyone been able to open the newcomer account online? Moneygenius is offering an additional 75$ rebate on the newcomer performance plan, but the online application errors out and says I need to go to a branch. There's also an extra 100$ rebate on the regular performance plan from Moneygenius.
    • Report Post
  • Rekognize
  • MrBungal
    • So now BMO is 2 PAD's and 2 Bill payments, up from 1 each for the promo that ended in Oct last year. Still better than CIBC's mandatory DD that must be maintained for 1 year.
    • Report Post
  • StergMTL
    • ATTENTION IMMIGRANTS:
      Enjoy no monthly fees for a year*69 when you open a Performance chequing account
      *69- a customer must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years.
      https://www.bmo.com/popups/main/persona ... #sixtynine

      "New commers" can avoid the minimum daily balance requirements for the first year
    • Report Post

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