Performance Plan

The Performance Plan offers unlimited monthly transactions. It’s ideal if you perform frequent transactions such as bill payments, transfers, debit card purchases and BMO ABM withdrawals/deposits. You can bank however you want – online, by telephone, at a Branch and at BMO ABMs – and you don’t have to worry about exceeding transaction limits.

You can simplify your banking by putting all your accounts – including chequing, savings and joint accounts – under your Performance Plan, all for just one monthly fee¹. BMO is the only bank to offer this money-saving feature.

The monthly Performance Plan fee is waived if a minimum monthly balance of $2,500 is maintained in a Primary Chequing account (when it is designated as the main account for your Banking Plan).

Monthly Plan Fee: $13.95

  Compare the Performance Plan to our other Banking Plans.
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• Unlimited monthly transactions (including account history inquiries).
• 1 debit transaction per month, using non-BMO ABM on the INTERAC^®* network².
• 2 INTERAC Email Money Transfers per month².
• Cheque return option³.
• 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.
• Overdraft protection⁴ up to $50 U.S. on U.S. dollar chequing accounts in good standing.
• Personal Credit Reserve⁴ (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 fee¹ (all accounts covered by the Banking Plan are subject to the Plan’s monthly transaction limit where applicable).
• Your 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).
• 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:

• If you’re under 21, you qualify for an $8.50 discount on the Performance Plan.
• If you’re a student who’s 21 or older, you qualify for an $8.50 discount. And to help you make the transition from student to the working world, BMO Bank of Montreal provides recent graduates with an extra 12 months of FREE⁷ banking with the Plus Plan.
• If you’re 60 or older, you can qualify for a FREE Performance Plan as part of our Senior Discount Program. The Plan includes unlimited transactions through any BMO channel. You will also receive the added protection of Overdraft Transfer Service⁴.

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.

¹Up 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.
²Included in Monthly Transaction Limit.
³Cheques made payable to yourself or to cash, and cashed at any branch, may not be returned but are described on your statement.
⁴Available to qualified customers; prevailing rates of interest apply.
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.
⁷Customer is responsible for all fees of any transactions, services and products not included in the Everyday Banking Plan.

^®**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.