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Small Business Banking
Your business can benefit from the simple, flexible, and fast banking solutions that our Small Business Banking Plan provides. However, should you require larger transaction or deposit limits, check out our Value Plans and Value Assist Plans.
Small Business Banking Plan
The Small Business Banking Plan offers the flexibility of both electronic and in-branch access in a simple and cost-effective plan. With the following features included, this plan may be the ideal choice for all your business banking needs.
The Details
The $9.50 service fee covers:
- Distinct deposit options for either cash based or cheque based businesses
- low minimum monthly balance requirement to waive the monthly banking fee - so your Plan is free
- Free access to your account in-branch and through all our electronic channels using your First Bank Card for Business
- Value priced Davis and Henderson cheque offering for low-volume use
- The option to add a Business Premium Rate Saving Account at no extra charge
| |
More Cheques |
More Cash |
| Monthly transaction limit |
15 |
15 |
| Fixed monthly Plan fee |
$9.50 |
$9.50 |
| Number of cheque deposits |
20 |
10 |
| Monthly cash deposit limit |
$1,000 |
$4,000 |
| Minimum monthly balance required to waive Plan fees |
$4,000 |
$4,000 |
| Excess transaction cost |
$1.00 |
$1.00 |
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New Business Start-Up Package
To help in the success of new ventures, we offer the New Business Start-Up Package to small businesses in their first 9 months of operation. Sign up for an Everyday Banking for Business Plan and we'll waive the cost of the fixed monthly plan fee for the first three months of the Plan account's operation - regardless of the minimum monthly balance in the account. We’ll also provide you with an initial supply of cheques to get you started.
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The Next Step
To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch | 
