• BMO Canada No Fee Daily Chequing Accounts Review

    BMO (Bank of Montreal) is one of Canada's longest running and most popular banking institutions. With regards to daily chequing accounts, BMO takes a similar approach to TD Canada Trust, where minimum balances held in your account qualify to have the monthly account fee waived. One very good thing about BMO is that they throw in a few non-BMO ATM debits in a month without a fee, and clients can also earn Air Miles rewards on Debit Purchases. This can be a big incentive when it comes to choosing a chequing account. BMO offers around 4 different plans to choose from, with the main difference being the number of free transactions you receive each month.

    BMO Performance Plan Free Chequing Account Review (No Fee with $4,000 Balance)

    The BMO Performance Plan Chequing Account is a great option for most Canadians. The account allows for unlimited transactions including bill payments, direct deposits, debit card purchases and BMO ATM withdrawals. This account also allows for 1 non BMO ATM withdrawal each month and unlimited free Interact Email Money Transfers each month. This account normally carries a monthly fee of $15.95 but customers who maintain a minimum balance of $4,000 are eligible to have this bank fee waived.

    Performance Plan Main Features:
    - Unlimited Transactions
    - $15.95 Monthly Account Fee Waived on Balances of $4,000 or more

    Performance Plan Additional Benefits:
    - Unlimited Interact e-Transfers
    - One Free non-BMO ATM Withdrawal per month
    - Free Debit Transactions Outside of Canada (Maestro Network)
    - E-Statements and View Cheques Online
    - Google Pay and Apple Pay compatible

    BMO Premium Plan Free Chequing Account Review (No Fee with Min $6,000 Balance)

    The BMO Premium Plan Chequing Account is an extremely comprehensive chequing account for Canadians and is well suited to anyone that keeps at least $6,000 in their chequing account on a rolling basis. It is designed for customers that make a lot of transactions and may not always be in close proximity to an ATM or debit machine on the BMO network. Customers who use this account receive ten free non-BMO ATM transactions each month. This is more than most plans anywhere. This chequing account also comes with some extended travel benefits. BMO awards Premium Plan account holders with one Air Mile for every $40 you spend using your debit card each month. And when you do travel, this card comes with unlimited international debit transactions on the Maestro Network, and a preferred exchange rate. Normally this account comes with a $30 month fee, but the fee is waived for anyone holding a balance above $6,000.

    Premium Plan Main Features:
    - Unlimited Transactions
    - 1 Air Mile for Every $40 Spent on Debit
    - Fee Free (interest only charge) Overdraft Protection up to $2,500
    - $30 Account Fee Waived with $6,000+ Monthly Balance

    Premium Plan Added Benefits:
    - Unlimited Free Interact e-transfers Each Month
    - Ten Free non-BMO Debit Transactions Each Month
    - Free Personalized Cheques
    - Free Money Orders, Drafts, Certified Cheques and Stop Payments
    - Discount on a Safety Deposit Box
    - Free International Debit Transactions
    - Preferred Rate on US Exchange Transactions
    - Rebate on annual fee for any World Elite Mastercards
    - Free U.S dollar savings account
    - Google Pay and Apple Pay compatible

    BMO Plus Plan Free Chequing Account Review (No Fee with Min $3,000 Balance)

    The BMO Plus Plan Chequing Account is a scaled down version of their Performance Plan Chequing Account. Rather than having unlimited transactions, you are limited to 30 per month without any extra charge. Transactions above the 30 limit are $1.25, and non bmo ATM withdrawals are $2.00 each. Account holders do receive unlimited free Interact e-transfers. This account is geared towards the younger generation or those that may just be getting financially established. The $10.95 monthly fee is waived if you keep more than $3,000 in the account. This account is also free for Kids, Teens and Students.

    Plus Plan Main Features:
    - 30 Transactions each month
    - $10.95 Month Fee Waived with Monthly Balance of $3,000 or more
    - Fee is Waived for Children and Students

    Plus Plan Added Benefits:
    - Unlimited Interact e-transfer each month
    - Free Point of Sale transactions globally on the Mastercard network.
    - Google Pay and Apple Pay compatible.

    Visit The BMO Website
  • Questrade RRSP & TFSA

    Questrade is a Canadian online brokerage that allows you to manage your own RRSP or TFSA and invest in everything from Stocks to Mutual Funds to Foreign Currency. Register using our link and receive $50 in free trades.