Home » Banking » BMO Monthly Plan Fees: What You Need to Know

BMO Monthly Plan Fees: What You Need to Know

September 13, 2023 by JoyAnswer.org, Category : Banking

What are the monthly plan fees at BMO? Learn about the monthly plan fees associated with BMO (Bank of Montreal) accounts and services, helping you understand the cost structure.


BMO Monthly Plan Fees: What You Need to Know

What are the monthly plan fees at BMO?

The monthly plan fees at BMO vary depending on the type of account and the eligibility criteria. Here are the monthly plan fees for some of the most popular BMO accounts:

  • BMO Smart Advantage Checking:
  • This account has a monthly fee of $16.95, but it is waived if you keep a minimum daily balance of $4,000.
    BMO Smart Advantage Checking account
  • BMO Performance Plan Chequing: 
  • This account has a monthly fee of $16.95, but it is waived if you keep a minimum daily balance of $6,000.
    BMO Performance Plan Chequing account
  • BMO Basic Banking Plan: 
  • This account has no monthly fee.
    BMO Basic Banking Plan account
  • BMO Student Banking Plan:
  • This account has no monthly fee for students who are enrolled full-time in a post-secondary institution.
    BMO Student Banking Plan account
  • BMO Kids Banking Account: 
  • This account has no monthly fee for children under the age of 18.
    BMO Kids Banking Account

You can find more information about BMO's monthly plan fees on their website.

Here are some ways to avoid monthly plan fees at BMO:

  • Keep a minimum daily balance in your account.
  • Set up direct deposit.
  • Use your BMO debit card for at least 12 debit transactions each month.
  • Sign up for online banking and bill payments.

Tags BMO Monthly Plan Fees , Banking Costs

People also ask

  • What does a bank statement provide on it?

    A bank statement is a document that is issued by a bank once a month to its customers, listing the transactions impacting a bank account. The statement provides the following information: The beginning cash balance in the account. + The total amount of each deposited batch of checks and cash. - Funds withdrawn from the account.
    Understand the information provided on a bank statement. This article outlines the key details and transactions typically found on a standard bank statement. ...Continue reading

  • How to process bank statements?

    Upload your sample bank statement document, which acts as training data Train Docparser to parse the relevant data by creating parsing rules for each layout Set up a process to automatically fetch documents, process them, and convert to your preferred format
    Learn how to process bank statements effectively. This article provides step-by-step guidelines for reviewing and managing bank statements to ensure financial accuracy. ...Continue reading

The article link is https://joyanswer.org/bmo-monthly-plan-fees-what-you-need-to-know, and reproduction or copying is strictly prohibited.