Provider review
Bank of Montreal logo

Bank of Montreal

FCACDirect lenderLast reviewed August 25, 2026
Current accountSavings
8.8
Overall
Our verdict

Bank of Montreal is a Schedule I bank with live mortgages, cards and deposits in {market}. Compare the product in front of you — a mortgage {rateAbbr} is not a card rate.

Cost
8.4
Flexibility
8.8
Transparency
9.0
Service
8.8

James Okonkwo · Editor, cards and deposits · Scores are editorial and do not affect list order, which is set on published price.

Our review

Suits: A full-service bank when the live offer is a mortgage, card or deposit you can actually apply for.

What stands out

  • Schedule I bank
  • Mortgages, cards and deposits
  • Branch and digital

BMO is listed in Canada where we have a live, attributed offer. Open mortgages, cards or savings and read that product — not a rate from another BMO page.

Supervision: OSFI and the FCAC. Editorial review — not a promise of approval. Methodology.

Pros

  • A licensed bank as counterparty on every family listed.
  • Several product families with live apply links, not a single blended card.
  • Published terms sit next to the brand you already know.

Cons

  • A household-name bank is not automatically the cheapest APR.
  • Fees and break costs on a mortgage can outweigh a small rate gap.

Questions about Bank of Montreal

Does a BMO listing mean every BMO product is here?

No. We only list products with a working apply link we can attribute.

Are deposits protected?

Eligible balances with the bank are covered by CDIC coverage up to the published limit.

Products you can apply for

8 products in this market

BMO Blue Rewards Chequing

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Performance Chequing

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Plus Chequing

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Practical Chequing

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Premium Chequing

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Savings Amplifier

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO Savings Builder

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

BMO U.S. Dollar Primary Chequing Account

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

Bank of Montreal: Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

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