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.
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.
