BMO Digital Business Checking Account
Unlimited free incoming A C H transactions and incoming wire payments make this account a great fit for businesses that do most of their banking online.
Open an account today!
Open an account in minutes!
Enjoy great perks and tools to grow your business
- Get unlimited free incomingtransactions and incoming wire payments
- Simplify your entire billing and invoicing process with B M O Bill Connect
Enjoy fee-free banking at 40,000+ BMO and Allpoint® A T Ms nationwidefootnote 1 and deposit up to $1,000 in cash per statement period with no fee
- Bank anytime with our mobile app:footnote 2 deposit checks,footnote 3 pay bills and move money, from wherever your business takes you, using Zelle® footnote, 1 4
You’ll pay no monthly maintenance fee with an Average Collected Balance of $500 or more, otherwise it’s $10/month
Open a checking account online in 3 simple steps
Check that you’re eligible
Corporations (S and C), limited liability corporations (LLCs), and sole proprietors can apply for some accounts online.Apply in minutes
Apply online in minutes and get a decision on the spot. Get ready to apply with our Business Documentation Checklist.Verify your ID with a selfie
To finalize your application, we may ask you to take a photo of your ID and snap a selfie to verify your identity without a branch visit.
Let’s take a closer look at fees and how to avoid them
$10 monthly maintenance fee | Waived with an Average Collected Balance of $500 or more for the statement period |
ACH transactions & incoming wire transfers | FREE |
Cash deposits over $1,000 per statement period | $0.25 for every additional $100 deposited |
B M O and Allpointfootnote registered A T M transactionsfootnote 1 | FREE |
Non-B M O A T M transaction feefootnote 5 | $3 |
Paper Statement Fee/Check Images Fee | $3 for paper statements. $3 for check images. FREE if enrolled in paperless statements. |
Get a full breakdown of fees in the Product Disclosure (PDF, 288 KB)
Interested in exploring other checking accounts?
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Everything you need to know about your account
Get the full terms and agreements and learn what you need to apply.
BMO Digital Business Checking Frequently asked questions
Resources to help support your business
It’s important that you keep your business and personal finances separate. Learn why you need a business bank account.
Use this professional template to help you structure your ideas, define clear goals and plan for the future.
Learn how a business bank account can simplify your finances, streamline your bookkeeping and make your business look professional.
Take the next step toward better business banking
Take the next step toward better business banking
- Definitions of Capitalized Terms
- footnote 1 details Foreign Transaction Fees will apply at Allpointfootnote registered A T Ms located outside of the United States.
- footnote 2 details Message and data rates may apply. Contact your wireless carrier for details.
- footnote 3 details Mobile Deposit is available using the B M O Digital Banking app. This service may not function on older devices. Users must be a B M O Digital Banking customer with a B M O account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, please see the B M O Digital Banking Agreement found at bmo.com/uslegal
- footnote 4 details To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience
- footnote 5 details A Non-BMO ATM Transaction is any transaction conducted at a Non-BMO ATM, including, for example, a withdrawal, transfer, or balance inquiry. We charge this fee for each Non-BMO ATM Transaction, except for a balance inquiry. The ATM owner or operator may also charge you a surcharge fee for a withdrawal, transfer, or balance inquiry.
- Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.