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Additional Services and Fees
The following fees are in addition to any applicable account transaction fees and monthly Everyday Banking Plan fees. Some of these fees may be covered by one of our Everyday Banking Plans.
Accounts
Cheques
Overdraft Services
Sending Money to Others
Financial Services for Travellers
Access to Accounts through non-BMO Bank of Montreal Channels
Safety Deposit Boxes
Registered Plans
Service Charges
Taxes
Deposit Interest Rate
Accounts |
Per item |
Bill payment handling charge (Assisted-service) |
$1.50 |
Certificate of account balance |
Form or Letter |
$10.00 |
Interim statement of account
Picked up at branch, mailed or faxed |
$5.00 |
Search and/or copy of Personal Account item (i.e., statements, vouchers, cheque tracing, transaction receipts) |
$5.00 |
Account closed within 90 days of opening |
$20.00 |
Dormant account notice |
If notice is acknowledged within 60 days |
No charge |
2 year notice of dormant account |
$20.00 |
5 year notice of dormant account |
$30.00 |
10 year transfer to Bank of Canada |
$40.00 |
Post-dated item held for deposit |
$3.00 |
Transfer/payment arrangements (in addition to any debit transaction fees) |
Set-up or amend instructions for a Standing Order (regular payments/transfers from or between accounts in the same currency, excluding a Continuous Savings Plan which is free) |
$4.50 |
Telephone instructions accepted by branch |
$4.00 |
Your account balance to another financial institution |
$20.00 |
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Cheques1 |
Per item |
Cheque image return (per month) |
$2.50 |
Certified cheque |
Requested by issuer |
$10.00 |
Requested by non-issuer |
$15.00 |
Stop payment |
Single cheque |
$12.50 |
Series of cheques (in sequence, per request) |
$20.00 |
Cheque negotiated for customer without a Personal Account (excluding Government of Canada cheques) |
$5.00 |
Foreign currency cheque2 |
Item deposited to Canadian dollar account (excluding American Express®†† Travellers Cheques) |
$5.00 |
Item drawn on a Canadian dollar account |
$10.00 |
Items returned non-sufficient funds (NSF) (cheque or pre-authorized bill payment/debit) |
$42.50 |
Items sent on collection3
Cheques up to $100.00
Cheques over $100.00 ($25.00 min. and $200 max. charge) |
$10.00
0.125%
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Overdraft Services |
Per item |
Overdraft Transfer Service |
Per transfer (fee is in addition to any debit transaction fee) |
$5.00 |
Personal Credit Reserve (PCR)12 |
Fixed monthly fee
|
$2.50 |
Overdraft per item charge (OPIC) |
For each item that creates or increases overdraft.
Does not apply to amounts within PCR limit (fee is in addition to the fixed monthly fee in the case of PCR)
|
$5.00 |
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Sending Money to Others |
Per item |
INTERAC®* Email Money Transfer |
$1.50 |
INTERAC®* Email Money Transfer (Smart Saver Account) |
$5.00 |
Money orders (Canadian, U.S. and Pound Sterling)4 |
$6.50 |
Drafts (all available currencies)4,5,6 |
$6.50 |
Official cheque |
$5.00 |
American Express Gift Cheques |
Commission on total purchase |
3.00% |
Wire payments7 |
Incoming (3rd party bank charges are the responsibility of the sender) |
$14.00 |
Outgoing (of wire value) |
0.20% |
Minimum charge |
$15.00 |
Maximum charge |
$125.00 |
Plus: Communication charge |
$10.00 |
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Financial Services for Travellers |
Per item |
Buying/selling currency |
U.S. currency for non-BMO customers |
$2.50 |
Purchasing sundry foreign currency - Delivered to a branch8 |
$5.00 |
Purchasing sundry foreign currency - Delivered to a Canadian address8 |
$8.50 |
Selling sundry foreign currency |
$5.00 |
Purchasing Travellers Cheques |
Commission (on total purchase) |
1.25% |
Commission on U.S. dollar Cheques for TwoTM†† (on total purchase) |
1.75% |
Minimum charge (per purchase) |
$3.00 |
Cashing Travellers Cheques |
Travellers cheques cashing fee for non-BMO customers (excluding American Express Travellers Cheques) |
$3.00 |
Courier fees when purchasing travellers cheques and foreign currency using Online or Telephone Banking |
Delivered to a Canadian address |
$8.50 |
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Access to Accounts through non-BMO Bank of Montreal Channels9 |
Per item |
Withdrawal at non-BMO ABMs |
Inside Canada (INTERAC®* network) |
$1.50 |
Inside U.S.10 |
$3.00 |
Outside Canada and U.S.10 (International) |
$5.00 |
Direct payment (debit card) purchase |
Outside Canada |
$0.50 |
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Safety Deposit Boxes11, 13
Annual Rental Fee |
Small |
$40.00 |
Medium |
$60.00 |
Large |
$100.00 |
Extra Large |
$200.00 |
Super Size |
$300.00 |
Drilling of box and replacement of lost keys is charged at cost |
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Registered Plans
A fee of $50 (plus applicable taxes) may be applied to a registered plan account if you redeem it or transfer it, in whole or in part, to another institution.
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Service Charges
If there are to be any increases, a list of Personal Account fee changes will be sent to statement account customers 30 days in advance of the increase. Notice of changes will be posted in branches and at Instabank machines 60 days in advance of the increase.
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Taxes
Services are identified which are subject to Federal Goods and Services Tax and/or Provincial Sales Tax. The tax paid will be indicated separately on statements, receipts, etc.
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Deposit Interest Rate
Rates are subject to change from time to time. Up-to-date information is available online, at any BMO Bank of Montreal branch or by calling BMO Direct at 1 800 363-9992. Interest rates are per annum.
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