BMO Bank Fees: 2023 Fee Schedule & Breakdown

Montreal Jul 09, 2026

When it comes to managing your finances, understanding the fee structure of your bank is crucial. BMO, or Bank of Montreal, offers a wide range of banking services, each with its own set of fees. Let's delve into the BMO fee schedule to help you navigate their services and make informed decisions.

Budget plan for college students
Budget plan for college students

BMO's fee structure is designed to cater to a diverse range of customers, from personal banking to business services. Understanding the fee schedule can help you choose the right account type, avoid unexpected charges, and maximize your banking experience.

Employee Schedule Templates | PDF, Word and Excel
Employee Schedule Templates | PDF, Word and Excel

BMO Personal Banking Fees

BMO offers a variety of personal banking accounts, each with its own fee structure. Here's a breakdown of their most popular accounts:

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an image of a cartoon character with a toothbrush in his mouth on the ground

BMO Smart Saver Account

  • No monthly fee with a minimum balance of $2,000
  • Otherwise, a monthly fee of $4.95
  • Unlimited day-to-day transactions
an image of a blue car in the woods
an image of a blue car in the woods

BMO Plus Account

The BMO Plus Account is designed for frequent transactors and offers a comprehensive suite of features:

  • No monthly fee with a minimum monthly balance of $5,000
  • Otherwise, a monthly fee of $14.95
  • Unlimited day-to-day transactions
  • Includes access to BMO's premium banking services
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a green and white calendar with an image of a cat in the middle of it

BMO Premium Banking

BMO's premium banking services cater to high net worth individuals and offer exclusive benefits:

  • No monthly fee with a minimum monthly balance of $100,000
  • Otherwise, a monthly fee of $30
  • Access to BMO's private banking services
  • Exclusive offers and rewards
an animated face with two black eyes and one green nose, on a light green background
an animated face with two black eyes and one green nose, on a light green background

BMO Business Banking Fees

BMO provides a range of business banking services tailored to meet the needs of small to medium-sized enterprises. Here's an overview of their business banking fees:

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Study plan
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an image of a game screen with the names and numbers for different games on it
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bmo
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a blue car sitting on top of a lush green forest
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an image of a game boy playing with a bee
4:00 A.M. Ultimate Productivity Monthly & Daily Planner Template
4:00 A.M. Ultimate Productivity Monthly & Daily Planner Template
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BMO
Work Schedule Types Explained
Work Schedule Types Explained
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a cartoon character is laying on the ground next to a box with an emoticive message
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bel
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a cartoon character with a moustache on his face
Lenna JPEG - Graphic Designer in Argentina
Lenna JPEG - Graphic Designer in Argentina
MWF Schedule
MWF Schedule
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a cartoon character sitting on top of a wooden table
Simple Weekly Schedule, Time Blocking Printable - Instant Download - Etsy
Simple Weekly Schedule, Time Blocking Printable - Instant Download - Etsy
free for you
free for you
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Bmo✧˖°。
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bmo

BMO Business Advantage Account

  • No monthly fee with a minimum monthly balance of $5,000
  • Otherwise, a monthly fee of $9.95
  • Unlimited day-to-day transactions
  • Access to BMO's business banking tools and services

BMO Business Performance Plan

This plan is designed for growing businesses with more complex banking needs:

  • No monthly fee with a minimum monthly balance of $100,000
  • Otherwise, a monthly fee of $49.95
  • Unlimited day-to-day transactions
  • Access to BMO's premium business banking services

As you navigate BMO's fee schedule, it's essential to consider your banking habits, transaction frequency, and account balance to choose the plan that best suits your needs. Regularly reviewing your account activity and understanding the fee structure can help you optimize your banking experience and avoid unexpected charges.

BMO offers a variety of tools and resources to help you manage your finances effectively. By staying informed and engaged, you can make the most of BMO's services and achieve your financial goals. So, take the time to understand the BMO fee schedule, and let it guide you towards the right banking solutions for you.