BMO Premium Chequing Account
Monthly fee
$31/mo ($30.95 per month)
$6,000
- Transactions: Unlimited Transactions
- Interac e-Transfers: Not included
- ATM access: Unlimited ATM withdrawals at other financial institutions worldwide
- Fee waiver
- $6,000
- Minimum balance
- $6,000 to waive monthly fee
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Monthly fee
- $31/mo ($30.95 per month)
- Minimum balance
- $6,000 to waive monthly fee
- Transactions
- Unlimited Transactions
Account details
- Monthly fee
- $31/mo ($30.95 per month)
- Fee waiver
- $6,000
- Minimum balance
- $6,000 to waive monthly fee
- Transactions included
- Unlimited Transactions
- Interac e-Transfers
- Not included
- E-statements
- Included
- ATM access
- Unlimited ATM withdrawals at other financial institutions worldwide
- Eligibility
- Open account by Nov 2, 2026; set up recurring direct deposit of $500+ by Dec 31, 2026; complete eligible banking activities
- Other benefits
- Discount of up to $150 on annual fees for eligible credit cards; Preferred USD exchange rates
Welcome offer: Up to $900 cash bonus plus up to 12 months Walmart Delivery Pass (November 2, 2026).
Pros & cons
Pros
- Fee waived with $6,000 minimum balance
- Unlimited transactions
- E-statements available
Cons
- Monthly fee of $30.95
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.
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Cite this page
“BMO Premium Chequing Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/bmo-premium-chequing-account, updated August 19, 2026.