Additional promotion
Includes unlimited Moneris® transactions and next-day deposits.
Business Chequing Account
CAD
CDIC Insured
BMO Bank of Montreal
Essential Business Account
A low-fee digital chequing account, ideal for running your business online. Includes unlimited electronic/ATM transactions.
Interest rate
Not listed
Monthly fee
$5/mo
Transactions
Unlimited
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
A specific interest rate is not currently listed for this product.
COSTS
Fees and account limits
Monthly fee$5/mo
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Paper Statement FeePaper statements are $5.00 per month. Electronic statements are $0. | - | Unlimited | - |
| Debits Exceeding Monthly LimitsIn-branch transactions are $5.00 each. Deposited items are $0.25 each. Cash deposits are $2.50 per $1,000. | - | Per Use | - |
| Interac e-Transfer Fee6 Interac e-Transfers included. $1.50 per additional transfer. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
Online and Mobile Banking
Unlimited transfers between your BMO accounts. Access to BMO Online Banking for Business (OLBB) available for a fee. Includes Business Premium Rate Savings Account at no cost.
CDIC Insured
Eligible for CDIC Insurance.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- CORPORATECorporate / Non-Personal
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with BMO Bank of Montreal before opening the account.