The Practical Plan is BMO's lowest-normal-fee general personal chequing option in this comparison. Usage charges can apply beyond the included allowance.
BMO
BMO Practical Plan
A low-volume BMO chequing plan with a $4 normal monthly fee and a limited transaction allowance.
Normal monthly fee$4
Transactions12 monthly
Interac e-TransfersUnknown
InterestNone
Overview
Features and access
Monthly cost and transactions
- Normal monthly fee
- $4The normal monthly fee is $4.00; audience-restricted concessions are not treated as general waivers.
- Transactions
- 12 monthlyTwelve monthly transactions are included; additional transaction charges apply.
Transfers
- Interac e-Transfers
- UnknownThe reviewed material does not establish a separate numbered allowance.
Card and payments
- Payment card
- YesBMO debit-card access is available.
ATM and branch access
- ATM access
- YesBMO ATM access is supported; network and transaction charges can apply.
- Branch access
- YesBMO branch service is available.
Cheques and ownership
- Cheque support
- YesCheque transactions are supported and may consume the transaction allowance.
- Joint account
- UnknownJoint-account support was not established by the reviewed product material.
Interest
- Interest rate
- NoneThe account is not presented as interest-bearing.
Deposit protection
Eligible deposits are held directly at Bank of Montreal; a CDIC member; subject to CDIC limits and categories.