Reviewed by the CreditCardGuru Editorial Team
Account details
- Monthly fee
- $18/mo with no monthly plan fees for two years*
- Transactions included
- Unlimited transactions
- Interac e-Transfers
- Not included
- E-statements
- Included
- Eligibility
- Newcomers can get up to $900* in bonus cash
- Other fees
- Send BMO Global Money Transfer with no fee
- Other benefits
- OnGuard Identity Theft Protection at no charge; $60 cash bonus when you rent a safety deposit box
Welcome offer: Up to $900 cash plus up to 12 months of a Walmart+ membership (Ends Nov 2, 2026).
Pros & cons
Pros
- Unlimited transactions
- E-statements available
Cons
- Monthly fee of $17.95
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but BMO can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on BMO's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and BMO's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with BMO. Trademarks belong to their respective owners.
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Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
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Cite this page
“BMO Performance Chequing Account for Newcomers Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/bmo-performance-chequing-account-for-newcomers, updated August 19, 2026.