Eligible chequing: Premium Plan Chequing (new-to-BMO-chequing clients).
Timeline: open and fund by June 1, 2026, complete activities by July 31, 2026 for most components.
Monthly fee: $30.95, waived with $6,000 min balance.
How the up to $800 is structured
Step 1 – Chequing (up to $600)
$500:
Open and fund a new Premium Chequing by June 1, 2026, and
Complete 2 qualifying criteria by July 31, 2026 (e.g., bill payments, PADs, etc.; see T&Cs).
$100:
Set up a recurring direct deposit of $500+ by July 31, 2026,
Maintain it for 12 consecutive months (paid one month after the 12th month).
Step 2 – Savings (up to $150 + Walmart DP)
Walmart Delivery Pass (up to 12 months):
Open a Savings Amplifier Account by June 1, 2026,
Deposit any amount by June 30, 2026,
Sign up for or update Walmart Delivery Pass by July 31, 2026, paying with BMO Debit Mastercard.
$150:
Open a Savings Amplifier Account by June 1, 2026,
Deposit $10,000+ within 30 days, and
Maintain that balance for 3 months (bonus by Oct 31, 2026).
Step 3 – My Financial Progress ($50)
$50 for applying 1 Goal + 1 Strategy in My Financial Progress Plan by July 31, 2026 (Premium/Performance only).
Total BMO cash: $500 + $100 + $150 + $50 = $800 (if you do chequing + DD + Savings + MFP).
GCR rebate on top – $150
One rebate per person and typically only for new BMO bank account holders.
Must click through GCR and complete the application in the same session (no ad‑blockers, don’t navigate away mid‑app).
Stacking this with the bank offer gives up to $800 BMO cash + GCR rebate + Walmart Delivery Pass + 4.5% promo savings if you meet all conditions.
Key fine print / gotchas
New-to-BMO-chequing only: if you already have a BMO chequing or closed one between Feb 10, 2025 – Jun 1, 2026, you’re not eligible for the BMO promo.
You only get the bonus on the first eligible chequing opened.
DD bonus requires 12 months of DD, so don’t expect the full $800 quickly.
To maximize value, you likely want to waive the monthly fee by parking $6k or factor fees into your valuation.
Statistics: Posted by halred — Feb 12th, 2026 3:17 pm
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