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BMO Review 2024

If you’re looking to get settled with the right financial institution, Bank of Montreal (BMO) may be a great option for you! Our extensive BMO review will cover some of the things you need to know about their large variety of products and services including chequing accounts, savings, investment options, credit cards, BMO business products, and more.

In this BMO review we will also highly consider some of the key features of each product as well as any fees that are associated so you can confidently make an informed decision that couples your financial goals. With so many options available to you, it can feel overwhelming at times. Which is why we want to provide you with all the information you need right at your fingertips

BMO Overview

The Bank of Montreal, or BMO, is one of the oldest financial institutions in Canada. With a number of product options like BMO chequing accounts, saving accounts, credit cards, loans, line of credits, and investment options, it is safe to say BMO is a reliable option to handle your financial needs.

Pros

  • Established reputation
  • Wide range of products and services
  • Strong digital banking platform

Cons

  • High fees on some accounts

BMO Chequing Accounts

BMO Student Chequing Account

Features:

Monthly Fee

$0 monthly fee until the age of 23. After 23 you will be required to show proof of enrolment to keep the account. Also enjoy this account for free one year after you graduate.

Transactions

Unlimited Transactions

Rebate

Get $40 towards your credit card annual fee

Additional Benefits

Get complimentary access to OnGuard ($150 value per year), and first accidental bank fee waived.

On BMOs website

BMO Practical Chequing Account

Features:

On BMOs website

BMO Plus Plan

Features:

On BMOs website

BMO Performance Plan

Features:

On BMOs website

BMO Premium Plan

Features:

On BMOs website

BMO Savings Accounts

BMO Premium Rate Savings Account

Features:

On BMOs website

BMO Savings Builder Account

Features:

On BMOs website

BMO Savings Amplifier Account

Features:

On BMOs website

BMO US Dollar Premium Rate Savings Account

Features:

On BMOs website

BMO Credit Cards

BMO Business Credit Cards

BMO Investment Accounts

  • Tax Free Savings Account (TFSA)
  • Registered Retirement Savings Plan (RRSP)
  • Margin Account
  • Registered Retirement Income Fund (RRIF)
  • Registered Disability Savings Plan (RDSP)
  • Registered Education Savings Plan (RESP)
  • First Home Savings Account (FHSA)

Other BMO Bank Products/Services

Related

  • RBC Review
  • Scotiabank Review
  • CIBC Review
  • Tangerine Review
  • TD Bank Review
  • Simplii Financial Review
  • National Bank Review
  • EQ Bank Review

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