
Banking support for newcomers from Ukraine
Open a Performance Chequing Account with the BMO NewStart® Program and enjoy no monthly fee banking for two years footnote star . Plus, you can enjoy many other benefits for credit cards, overseas money transfers and more to make your transition easier.
No monthly fee banking for a year footnote *69
Save $240 footnote *69 in monthly fees when you get unlimited chequing with the Performance chequing account and a small safety deposit box free for one year footnote *63.
Learn moreOpen a Performance chequing account and enjoy the following:
Up to $1,450 in value!
Performance
Chequing Account
Earn a $100** Walmart Canada eGift card when you meet the qualifying criteria. Review full offer details.
Save $430 with no monthly fee for two years
Get $60 cash bonus with rental of a safety deposit box*63
Earn $700 when you meet the qualifying criteria. View full offer details.
Family members in your household get no fee daily banking with BMO Family Bundle*90
Send unlimited BMO Global Money Transfers with no fee*96
Get a $60 cash bonus1 when you place an order for cheques
Earn a 4.75% promo interest rate2 for up to 120 days when you add a Savings Amplifier Account† and receive an estimated value of $1563 in total interest
Up to $1,450 in value!
Enjoy more offers from BMO
BMO CashBack® Mastercard
The no annual fee8 credit card that helps you start building your Canadian credit history.
Get up to 5% cash back in your first 3 months footnote ‡‡
No annual fee footnote 8
No credit history required footnote dagger

No fee wire transfers to Ukraine footnote ‡‡
Special pricing on Loans, Lines of Credit and Home Financing
Chequing account offer FAQs
Canadian banking basics
Not familiar with Canadian banking? You’re not alone! Let’s help you get a better understanding of our banking basics with this quick guide.
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1 Receive a cash bonus of $60 (“Cash Bonus”) when you open a Primary Chequing Account in the Performance Plan with the BMO NewStart Program and place an order for cheques through a BMO branch, BMO Online Banking or the customer contact centre within 90 days of account opening. Limit of one Cash Offer per customer per account. Joint accounts will only be eligible to receive one Cash Bonus. The Primary Chequing Account must be in good standing at the time the Cash Bonus is paid to qualify. Cash Bonus will be paid within 90 days of cheque order date. We reserve the right, at our sole discretion, to suspend, disqualify, limit or revoke the Cash Bonus for any customer we suspect of manipulating or abusing the offer, or its fairness, integrity or operation. We reserve the right to change or withdraw this offer at anytime without notice.
2 Interest is calculated on the daily account closing balance and paid monthly on the last business day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis. The bonus interest rate & posted rate may change any time without any prior notice. Posted rate to be applied on Savings Amplifier Account after the offer period.
- 3 Receive an estimated value of $156.16 in total interest when you open and fund a new Savings Amplifier Account at any BMO branch or online at bmo.com. Earn bonus interest for a total rate of 4.75% for up to 120 days from the account open date (Promotion Period) on deposits made to your BMO Savings Amplifier Account. After the Promotion Period, existing and future deposits made will earn interest at the posted rate on display at any BMO branch and available online at bmo.com/rates.
Calculation assumes the following:
- 1. A daily closing balance of $10,000 is maintained throughout 120 days.
- 2. Bonus interest of 4.75% is earned on $10,000 over 120 days. We may change, extend, or withdraw this Bonus Rate Promotion at any time without notice.
- 3. Any Interest is calculated on the daily account closing balance and paid monthly on the last business day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis.
- 4. Interest rates and balance tiers are subject to change without advance notice. For full terms and conditions on the bonus rate offer click here.
* Citizens of Ukraine who arrived in Canada on or after January 1st, 2022, as evidenced by a valid Ukrainian passport and an entry stamp and/or Permanent Resident Card or Confirmation of Permanent Residence IMM 5292 or 5688, Temporary Resident Work Permit (IMM 1442 form), Visitor Record (IMM 1442 form) or Visitor Visa, are eligible to receive the full monthly Performance Plan fee rebated for a twenty four (24) month period and are responsible for all transaction, service and product fees not included in the Bank Plan . After the twenty-four (24) months of being enrolled in the BMO NewStart program, eligibility for the monthly Bank Plan fee waiver ends and the full monthly Bank Plan fee ($17.95/month) will be applied to the account automatically. The Bank Plan offer included in the BMO NewStart program applies to the Performance Plan only. Other Bank Plans are available but are not included in the free banking offer.
† Subject to credit approval. To apply for a Credit Card under BMO NewStart® Program, you must be a Permanent Resident or Foreign Worker (including holders of work permit under Canada-Ukraine authorization for emergency travel) 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 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. 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.
‡‡ Offers may be changed, withdrawn, or extended at any time without notice.
- 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.