We’ve enhanced our BMO NewStart^® program to meet the immediate banking needs for newcomers from Ukraine. Learn more.

Newcomer Bank Accounts

New to Canada within the last 5 years? Enjoy a few perks on us! It’s our way of welcoming you home.

Enjoy unlimited monthly transactions with no monthly Plan fee for one year with the performance plan
Send unlimited BMO Global Money Transfers with no fee
Protect your documents in a safety deposit box and get a $60 cash bonus
Get personalized financial advice at a branch near you
Explore our financial wellness tool,
BMO SmartProgress™
New

Earn up to $700^* cash bonus and a $100^** Walmart Canada eGift card!

Earn up to a $700^* cash bonus, enjoy no monthly plan fee banking for one year, and get a $100^** Walmart Canada eGift card with the BMO NewStart^® Program!

Let's find you the right bank account

Featured chequing account
Performance
Our most popular account is free for you
Free^*69 for one year through the BMO NewStart^® Program

Free^*69 safety deposit box for one year

Up to $40 rebate on the annual fee for BMO Credit Cards^*15

Unlimited transactions^*52 including Interac e-transfersfootnote registered sign section sign
What’s a transaction?
Transactions include debit card purchases, bill payments, transfers, Interac e-Transferfootnote registered sign section sign transactions and withdrawals.

OnGuardfootnote registered sign Identity theft
protection^*74
You’ll get an alert if any personal info you choose to monitor (like your credit card number) is found online.
for one year
or $0
With a minimum balance of $4,000^*4
transactions
Learn more
Plus
Get flexible banking at a low monthly fee
What’s a transaction?
Transactions include debit card purchases, bill payments, transfers, Interac e-Transferfootnote registered sign section sign transactions and withdrawals.
^*52

Unlimited Interac e-Transferfootnote registered sign section sign transactions^*39

Free Premium Rate savings account^*3

Monthly fee
or $0
With a minimum balance of $3,000^*4
transactions per month
Learn more
Premium
Truly unlimited banking – around the world
Unlimited worldwide non-BMO ATM withdrawals^*53

Unlimited transactions^*52 including unlimited Interac e-Transferfootnote registered sign section sign transactions^*39
What’s a transaction?
Transactions include debit card purchases, bill payments, transfers, Interac e-Transferfootnote registered sign section sign transactions and withdrawals.

Free cheques, drafts and money orders

Preferred U.S. dollar exchange rate^*35

OnGuardfootnote registered sign Identity theft
protection^*74
You’ll get an alert if any personal info you choose to monitor (like your credit card number) is found online.
Monthly fee
or $0
With a minimum balance of $6,000^*4
transactions
Learn more

Slide 1 of 1

table shows benefits and features of available bank accounts
	Premium	Performance	Plus
Opening Cash Bonus
Family Bundle bonus	Available	Available	Unavailable
Monthly Plan fee^*4	$0 with min. $6,000 balance	$0 with min. $4,000 balance	$0 with min. $3,000 balance
Transactions per month^52 What’s a transaction?* Transactions include debit card purchases, bill payments, transfers, Interac e-Transferfootnote registered sign section sign and withdrawals.
Annual BMO Credit Card fee rebate	Up to $150 rebate on the annual fee for an eligible BMO credit card^*10	Up to $40 rebate on the annual fee for eligible BMO credit cards^*15	N/A
Interac e-Transferfootnote registered sign section sign transactions per month^*39	Unlimited ($3,000 daily maximum)	Unlimited ($3,000 daily maximum)	Unlimited ($3,000 daily maximum)
Non-BMO ATM withdrawals per month^*53	Unlimited worldwide^*53 No BMO fees	1 Canadian withdrawal included Then $2 each in Canada, $5 each in U.S., $5 each outside Canada and U.S.	$2 each in Canada, $5 each in U.S., $5 each outside Canada and U.S.
Standard overdraft protection^*20

Get to know the BMO Family Bundle^*86

One household, one monthly fee, a bundle of family savings. As long as you have two or more adults in your household, you qualify! Find out why BMO Family Bundle just makes sense.

Send money home with B M O Global Money Transfer

Send money overseas quickly and securely through the Mobile Banking App. Enjoy unlimited transfers with no fee as part of the NewStart^® Program. Transfers take just two to five business days,^*97 and you’ll be notified as soon as the money is received.

Learn more

Enjoy more offers from BMO

BMO Rewards master card image small-only-padding-left--unit-3-x

Credit Card

BMO CashBack^® Mastercard

Get up to 5% cash back in your first 3 months^‡‡
No annual fee⁸ footnote 8

No credit history required^†
0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee^§§

Learn more

Credit Card

BMO AIR MILES^®† Mastercard^®*

Get 800 AIR MILES Bonus Miles^‡
No annual fee⁸ footnote 8

0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee^§

Learn more

investment

Bonus interest on GICs

Enjoy a bonus interest rate on select 1-5 year BMO GICs with the BMO NewStart^® Program^*69^∆.
Visit a branch to learn your special rate.

Book an appointment

Check out these useful resources

The BMO NewStart^® Program ^*69
Get your new life in Canada off to a great start with these accounts and services.
Resources & advice
Have you moved to Canada recently, or are you planning to? Check out these tips and services.

Slide 1 of 0

Need help? That’s what we’re here for.

Come in and talk to us

Drop by your nearest branch to chat about your financial future.

Book an appointment

Find a branch

Where's the nearest branch?

Find a branch

Important banking info

Report a lost or stolen card

Online Banking

Set up direct deposit

Transfer money

How to reset your online banking password

- footnote dagger details Subject to credit approval. To be eligible for the BMO NewStart^® Program, you must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years, and you must be at the age of majority in your province or territory of residence at the time of account opening. Proof that your status was obtained within the last five (5) years is required as evidenced by their Canadian Permanent Resident Card, Confirmation of permanent residency or work permit (IMM 1442). A credit history in Canada is not required in order to be eligible for a credit card under the BMO NewStart^® Program. If you don’t qualify for an unsecured BMO credit card, you may still be eligible for a credit card provided you give us a security deposit and meet BMO’s eligibility criteria.
- ®†OnGuard is a registered trademark of Sigma Loyalty Group Inc.
- ®Identity Guard is a registered trademark of Intersections Inc.
- ®†/™† Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Bank of Montreal.
- footnote registered sign asterisk Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
- ®§ Interac e-Transfer is a registered trademark of Interac Inc. Used under license.
- ± Trademark of Visa International Service Association and used under license.
- Footnote delta details Calculation assumes the following:
  - 1. A balance of $50,000 is deposited into a 1-year BMO Guaranteed Investment Certificate at a 3.65% interest rate where regular rate is 3.00% and the Newstart program applies a special bonus interest of 0.65% to total rate.
  - 2. Note that the regular and bonus interest listed for New Canadians is subject to change or be withdrawn at any time without notice. This bonus rate is as of December 18, 2024
  - 3. Interest rates are calculated on a per annum basis. Any Interest is calculated on the deposit amount and redeemed at the end of the term. Interest is paid in the same currency as the account.
- ^**Terms and conditions apply.
- All Walmart Canada trademarks are the property of Walmart Apollo, LLC and are used by BMO with permission. All rights reserved. For gift card terms and conditions, visit the Walmart Canada website.

Newcomer Bank Accounts

New to Canada within the last 5 years? Enjoy a few perks on us! It’s our way of welcoming you home.

Let's find you the right bank account

Get to know the BMO Family Bundle^*86

"Making a good thing better"

"Fast, easy cheque deposits"

"Secure banking on the go"

"Bill payment made simple"

Send money home with B M O Global Money Transfer