Offers for newcomers to Canada
When you open a Performance chequing account with the BMO NewStart® Program, you’ll find exclusive offers. Plus with BMO NewStart®, you can enjoy other offers for credit cards, investing, overseas money transfers, and more that can make getting started here a little easier.
No monthly fee banking for a year footnote *69
Save $240 footnote *69 in monthly fees when you get unlimited chequing with the Performance chequing account and a small safety deposit box free for one year footnote *63.
Learn moreOpen a Performance chequing account and enjoy the following:
Earn up to a $700* welcome bonus!
Performance
Chequing Account
Earn a $100** Walmart Canada eGift card when you meet the qualifying criteria. Review full offer details.
Save $215 with no monthly plan fees for one year
Get $60 cash bonus with rental of a safety deposit
box footnote *63Earn up to $700 when you meet the qualifying criteria. View full offer details.
Send unlimited BMO Global Money Transfers with no fee
Earn up to a $700* welcome bonus!
Chequing account offer FAQs
Enjoy more offers from BMO
BMO CashBack® Mastercard®*footnote *
- Get up to 5% cash back in your first 3 months‡‡
- No annual fee8 footnote 8
- No credit history required†
- 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee§§
Bonus interest on GICs
Ready to get started?
Open an account online
Visit us
footnote dagger details Subject to credit approval. To be eligible for the BMO NewStart® Program, you must be a permanent resident or foreign worker who arrived in Canada within the last five (5) years, and you must be at the age of majority in your province or territory of residence at the time of account opening. Proof that your status was obtained within the last five (5) years is required as evidenced by their Canadian Permanent Resident Card, Confirmation of permanent residency or work permit (IMM 1442). A credit history in Canada is not required in order to be eligible for a credit card under the BMO NewStart® Program. If you don’t qualify for an unsecured BMO credit card, you may still be eligible for a credit card provided you give us a security deposit and meet BMO’s eligibility criteria.
- Footnote delta details Calculation assumes the following:
- 1. A balance of $50,000 is deposited into a 1-year BMO Guaranteed Investment Certificate at a 3.65% interest rate where regular rate is 3.00% and the Newstart program applies a special bonus interest of 0.65% to total rate.
- 2. Note that the regular and bonus interest listed for New Canadians is subject to change or be withdrawn at any time without notice. This bonus rate is as of December 18, 2024.
- 3. Interest rates are calculated on a per annum basis. Any Interest is calculated on the deposit amount and redeemed at the end of the term. Interest is paid in the same currency as the account.
- Terms and conditions apply.
- All Walmart Canada trademarks are the property of Walmart Apollo, LLC and are used by BMO with permission. All rights reserved. For gift card terms and conditions, visit the Walmart Canada website.
