The official bank of the Canadian Defence Community
We’re not just your official bank, we’re here to help Canadian Defence Community Members and their families make real financial progress. Our Canadian Defence Community customers saved more than 20.7 million dollars footnote 2 in monthly banking fees in 2023 by banking with us. Plus, we've partnered with the Canadian Forces Morale and Welfare Services to offer banking solutions for the Canadian defence community.
We'll help you make the most of your money, with:
No monthly fee Performance Chequing Account*80- Flexibility to break your mortgage without penalty when you’re posted through the Canadian Armed Forces Relocation Directive
- No annual fee footnote 8 credit card options and a choice of three reward programs
- Unlocking your wealth potential using BMO SmartProgress™ – an online financial educational tool
Limited Time offer: Get up to $1,060* in value when you open a new chequing account and apply for a credit card
Whatever life stage you’re in, we have banking options for you
Find a bank account
Save up to $491 footnote 1 a year in banking fees with a Performance Chequing account
Find a credit card
Support our troops with each purchase you make at no additional cost.
- $0 annual fee footnote 8
- Choose between cash back or AIR MILES rewards
- Support Canadian Forces morale and welfare programs with every purchase you make
Explore Mortgages
BMO employee discounts on a range of mortgage options
- Flexibility to break your mortgage through the Canadian Armed Forces Relocation Directive
- Lock in your rate for 130 days, the longest rate guarantee of any major Canadian bank. footnote double dagger
Discover lending options
Find the best borrowing solutions for you.
- BMO employee rate discounts on personal lines of credit
- Student line of credit with preferential pricing and flexibility*82
Business banking for the defence community
We'll help you make the most of your entrepreneurial spirit.
Money-saving solutions
Get a 50% discount on select business banking account plan fees footnote 3 and 0.50% off current interest rates on select business loans footnote 4.
Custom Banking Options
Easily track your business expenses, build your business’ credit history, and earn cash back with the BMO CashBack® Business Mastercard® footnote star.
Support for entrepreneurs
Get tips and best practices from the Small Business Resource Hub and the Guide to Military Entrepreneurship.
BMO in the Canadian Defence Community
Careers
Making the transition to civilian life? Find out if your next step could include a career at BMO.
Events
BMO is proud to get behind exciting Canadian Defence Community events including the Canada Army Run, Navy Bike Ride and Royal Canadian Air Force Run.
Charities
We’re here for the Canadian Defence Community every step of the way and are proud to support military and veteran charities.
Canadian Defence Community Banking frequently asked questions
BMO and the Canadian Forces Morale and Welfare Services (CFMWS) have teamed up to offer the Canadian Defence Community Banking Program to eligible members of the defence community and their families. Special offers include:
- No monthly fee banking with the Performance Chequing Account Plan Learn more
- BMO employee discounts on mortgage options*81. Learn more
- No annual fee credit card options. Learn more
Program benefits are exclusive to regular force personnel, reserves, recruits, military families, veterans and retirees, as well as Department of National Defence (DND) and Staff of the Non-Public Funds civilian personnel, the Royal Canadian Mounted Police and the Canadian Coast Guard.
Get started by visiting a branch or finding a Mortgage Specialist. Call 1-866-548-7490 or collect from overseas at 514-877-7738 to get help with home financing.
A great way that BMO can help is by covering your prepayment charges when you are relocated or deployed through the Integrated Relocation Program, and have to move or break your mortgage.
You can save $215.40 each year in monthly plan fees, $120 each year with 5 non-BMO ATM withdrawals in Canada included each month, and $155 each year in Identity Theft Protection at no charge. footnote 1
BMO pays royalties to Canadian Forces Morale and Welfare Services each quarter. Canadian Forces Morale and Welfare Service uses the royalties to fund the Support Our Troops National Summer Camp Programs and more.
- Visit any BMO branch
- Call 1-866-548-7490
- International customers can call collect at 514-877-7738
- Make an appointment online at www.bmo.com/appointment
- Find us on Social Media
Resources to help you get started
Personal finance tips for military veterans
We’ll explain important financial advice for veterans of the Canadian Defence Community.
How to estimate upfront business costs and get funding
Figuring out your initial costs is a crucial step to take before starting your search for funding.
3 ways to save money in difficult times
When things are already tight, it can be tough to prioritize saving. These tips can help.
Registered for Digital Banking?
Download the BMO Mobile Banking App and sign in!
Need help? That’s what we’re here for.
Come in and talk to us
Drop by your nearest branch to chat about your financial future.
- * The value of up to $1,060 is based on the following in a year: (i) savings of $215.40 for the Performance Plan Monthly Fee of $17.95 per month for 12 months; (ii) $155.88 for the retail value of OnGuard® charged at $12.99 per month; (iii) $120 for the value of 5 debit transactions ($2/each) per month using non-BMO ATMs within Canada on the Cirrus Network. (iv) 60,000 welcome bonus points worth up to $400 in travel related redemption, $50 lifestyle credit and the $120 annual fee waived in the first year. That’s a value of up to $570 in your first year.
- Footnote 1 details The Savings of up to $491 is based on the following savings in a year: (i) $215.40 for the Performance Plan Monthly Fee of $17.95 per month for 12 months; (ii) $155.88 for the retail value of OnGuard® charged at $12.99 per month; (iii) $120 for the value of 5 debit transactions ($2/each) per month using non-BMO ATMs on the Cirrus Network.
- Footnote 2 details Based on 106,636 active members enrolled in the Canadian Defence Community Banking (CDCB) Discounted Banking Program between Jan-Dec 2023. Members are provided a discount of $17.95 off the Performance and Premium Bank Plan. Fees saved for 2023 assumes a savings of $17.95 per month and that members would not have been eligible for any other discounts or offers that may have otherwise reduced or eliminated their monthly plan fee such as a daily balance fee waiver.
- Footnote 3 details Business Accounts must be in good standing. For example, accounts must not be in an unauthorized overdraft or delinquent status.
- Footnote 4 details Cannot be combined with other loan program discounts. Subject to meeting Bank of Montreal’s standard credit granting criteria.
- ® Footnote dagger details OnGuard is a registered trademark of Sigma Loyalty Group Inc.
- ® Identity Guard is a registered trademark of Intersections Inc.
- ® Footnote dagger details/™ Footnote dagger details Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Bank of Montreal
- ® Footnote star details Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
- ® Footnote section details Interac e-Transfer is a registered trademark of Interac Inc. Used under license.