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Value Plans

Is this right for you?

A Value Plan is right for you if your business banks primarily through electronic channels, such as Instabank® machines, telephone banking and online banking. However, if you need to make regular in-branch deposits, the Value Assist Plan may be a better option.

The Details

  • FirstBank® Card for Business
  • Online banking access
  • Telephone banking access
  • Unlimited account balance and account history inquiries through BMO Bank of Montreal Instabank® /Instabank EXTRA® machines, telephone banking or online banking
  • Monthly statement with cheques returned
  • Around-the-Clock Deposit access with no initial set-up fee
  • Bank confirmations
  • Interest certificates

Value Plans

Plan 1 2 3 4 5 6
In-branch monthly deposit limit1 0 0 0 0 0 0
Monthly transaction limit1 2 20 35 50 75 125 200
Fixed monthly plan fee $ 15 24 34 44 85 125
Fee waiver3 minimum balance $ 5,000 9,000 13,000 17,000 32,000 45,000
Monthly cash (note) deposit limit4 $1,000 3,000 5,000 7,000 10,000 15,000
Monthly cheques deposit limit4 10 20 30 50 70 100

The Next Step

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.


1  A $1 transaction charge applies for each in-branch deposit above Plan limits and for each above Plan limits. There may also be additional fees for deposit contents, depending on volume. If so, you will be notified by your branch.

2  Monthly Transaction Limit means the maximum number of transactions per month. A Transaction means any of the following: issuing a cheque; an Instabank® deposit or withdrawal; a pre-authorized debit, an electronic funds transfer (debit or credit), a Point of Sale (Interac) purchase debit or credit; and an Instabank®/Telephone/Netbanking bill payment account debit. For Value Plans 5 and 6, Instabank deposits are limited to 25 per month, after which each additional deposit is priced at $1 per transaction .

3  The fixed monthly Plan fee will be waived for a given month in which the minimum account balance is maintained in the Plan account. Transactions not included in the Plan's MonthlyTransaction Limit or in excess of the maximum number allowed are not covered by the monthly Plan fee waiver.

4  Additional deposit contents - cash (notes) and cheques - beyond Plan deposit contents limits will be priced at standard fees.


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