BMO · Chequing account promotions · Current
Earn $150 after opening a Practical Plan and completing qualifying activity
New BMO Practical Plan customers can earn $150 after completing qualifying deposit and payment activity.
How this promotion works
Up to $150 guaranteed cash
A fixed $150 cash bonus is paid after the Practical Plan opening, deposit, recurring direct-deposit, and transaction requirements are met.
- Practical Plan chequing account bonus: $150At least $500 qualifying amountReceive a recurring direct deposit of at least $500 by December 31, 2026.Complete two qualifying bill payments or two qualifying pre-authorized debits of at least $50 each to different payees by December 31, 2026.
Normal account cost
$4 monthly fee · No general waiver available
- Who it is for
- New BMO chequing customers opening a Canadian-dollar Primary Chequing Account with the Practical Plan.
- Qualifying action
- Deposit any amount by November 2, 2026; establish a recurring direct deposit of at least $500 by December 31; and complete either two online bill payments of at least $50 to different payees or two pre-authorized debits of at least $50 from different payees by December 31.
- Apply or enrol by
- Fund by
- How to apply
- BMO's published terms do not state a required application channel.
- Holding requirement
- Keep the account open on an eligible plan and in good standing when the bonus is paid, then keep it open on an eligible plan through November 2, 2027.
- Reward timing
- BMO says the $150 cash bonus will be deposited to the chequing account by June 30, 2027.
Key conditions
- A valid email address must be provided when the account is opened.
- Existing BMO deposit-account customers and customers who recently closed specified BMO accounts are excluded under the published lookback rules.
- The Practical Plan is not eligible for the campaign's Savings Amplifier or My Financial Progress bonuses.