Chequing Account CAD CDIC Insured
BMO Bank of Montreal

BMO Practical Chequing Account

A low-fee account covering the basics with 12 transactions per month.

Interest rate Not listed
Monthly fee $4/mo
Transactions 12/month
Minimum deposit $0
CURRENT OFFERS

Promotions and account value

Additional promotion

Special Pricing: Monthly fee is fully waived ($0) for Seniors.

EARNINGS

Rates and interest details

A specific interest rate is not currently listed for this product.

COSTS

Fees and account limits

Monthly fee$4/mo
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactions12/month
Bundled productNot specified
ACCOUNT EXPERIENCE

Features and benefits

Online and Mobile Banking

Unlimited no-fee debits for participating public transit authorities.

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.

Seniors
COVERAGE

Registration, networks and availability

Registration options

  • NONREGNon-Registered
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.

Product information last reviewed or updated Mar 12, 2026.