Plus Plan

If you do an average of about one transaction a day, the Plus Plan may be the best fit for you. It offers 30 transactions per month online, by telephone, at a branch and at BMO ABMs – as well as useful features like Overdraft Transfer Service and a Personal Credit Reserve¹. If you’re under 21 or you’re a student 21 or over, you receive this Banking Plan for FREE.

You can simplify your banking by putting all your accounts – including chequing, savings and joint accounts – under your Plus Plan, all for just one monthly fee². BMO is the only bank to offer this money-saving feature.

The monthly Plus Plan fee is waived if a minimum monthly balance of $1,500 is maintained in a Primary Chequing account (when it has been designated as the main account for your Banking Plan).

Monthly Plan Fee: $8.50

  Compare the Plus Plan to our other Banking Plans.
  Find out about our Bank accounts.

• 30 monthly transactions limit (including account history inquiries).
• 1 INTERAC Email Money Transfer per month³.
• Cheque return option⁴.
• Bill payments at any BMO Bank of Montreal branch at no extra charge.

• Overdraft Transfer Service between personal accounts in the Banking Plan to cover overdraft at no extra charge.
• Personal Credit Reserve¹ (up to $2,500) with no monthly fee or per item fee⁵.

• To help you save money, we are the only bank to offer no-fee, traditional-style, single signature travellers cheques.

• Multiple Canadian or U.S. dollar personal accounts, including accounts held jointly with, or individually by, your spouse, are covered by one monthly Banking Plan fee² (all accounts covered by the Banking Plan are subject to the Banking Plan’s monthly transaction limit).
• Your Banking Plan must have a main account (Canadian or U.S. dollar) from which the monthly Banking Plan fee and transaction fees that exceed the monthly transaction limit will be debited⁶.
• The monthly Banking Plan fee can be eliminated by maintaining a specified minimum monthly balance at all times in your Primary Chequing account (when it has been designated as the main account for your Banking Plan).
• When your Banking Plan’s monthly transaction limits are exceeded, additional fees will apply on a per-item basis.
• You can link your BMO InvestorLine^®** AccountLink^® account and/or your BMO Nesbitt Burns^®‡ Access Service personal account to your existing Everyday Banking Plan. Debit transactions and account history inquiries completed through these accounts will be included in your monthly transaction limit.
• Start turning your banking into AIR MILES reward miles. Find out how fast your reward miles can add up.

How you can save:

• under 21;
• a student who’s 21 or older;
• 60 or older

Great news! If you’re 60 or older, you can upgrade from the Plus Plan to the Performance Plan for FREE as part of the Senior Discount Program – a value of $13.95 per month. The Performance Plan includes unlimited everyday transactions each month through any BMO channel (any branch, BMO ABM, online and telephone). You also get overdraft protection up to US $50 on U.S. dollar chequing accounts in good standing.

Visit your local Branch or call 1 877 CALL BMO to switch to the Performance Plan.

To qualify for any of our free banking special discount programs, you must register in a BMO Bank of Montreal branch by providing proof of age. For the Student Discount Program, annual proof of full-time registration in a post-secondary university, college or registered private vocational school is also required.

Youth Discount Program: Beginning June 1, 2006, customers in the Instabanking Plan with the Youth Discount Program will be automatically converted at age 16 to the Plus Plan with the Young Adult Discount Program. Customers in the Standard Plan with the Youth Discount Program will be automatically converted at age 16 to the Performance Plan with the Young Adult Discount Program. Customers in any of the Basic (Practical), Initial (Plus), i.connect, Enhanced or Unlimited (Premium) Plans with the Youth Discount Program can remain in their respective Plans when they enter into the Young Adult Discount Program at age 16.

Senior Discount Program: Beginning May 1, 2006, customers currently in the Standard Plan with the Senior Discount Program will be automatically converted to the Performance Plan with the Senior Discount Program. Beginning June 1, 2006, customers in the Standard Plan will be automatically converted at age 60 to the Performance Plan with the Senior Discount Program. Customers in the Instabanking Plan will be automatically converted at age 60 to the Plus Plan with the Senior Discount Program. Customers in any of the Basic (Practical), Initial (Plus), i.connect, Enhanced or Unlimited (Premium) Plans, can remain in their respective Plans when they enter into the Senior Discount Program at age 60.

¹Available to qualified customers; prevailing rates of interest apply.
²Up to 20 Primary Chequing, Interest Chequing or Premium Rate Savings accounts are eligible to be opened under the Banking Plan of your choice for one monthly fee, subject to the Banking Plan’s monthly transaction limits.
³Included in Monthly Transaction Limit.
⁴Cheques made payable to yourself or to cash, and cashed at any branch, may not be returned but are described on your statement.
⁵No per item fee charged provided you are within your approved Personal Credit Reserve limit.
⁶U.S. dollar Plan and transaction fees are charged in U.S. dollars.


^®**Registered trade-mark of Bank of Montreal, used under licence. Member CIPF.
^®‡Nesbitt Burns is a registered trade-mark of BMO Nesbitt Burns Corporation Limited, used under licence.