Earn 5.00% APY with BMO Money Market
Grow your savings with 5.00% APY on a BMO Money Market Account, available exclusively to existing BMO customers. footnote 1
Sign in to review your eligibility, available account options, current terms and promotional rate.
Highlights of a Smart Money Market account
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$0
0 Monthly Fees For Existing BMO Customers
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Unlimited
Any Deposit Amount
Enjoy a flexible way to grow your money while keeping convenient access to your funds. Choose the deposit amount and option that works for your savings goals.
Get the perks you need to make real financial progress
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No overdraft fees footnote 1 for added peace of mind
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Access to 40,000+ fee-free ATM s across the U.S. , nearly as many as the two largest banks combined
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Ваnking at your fingertips with ВМО Digital Ваnking – pау bills, transfer money and more
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Personalized support through online chat, phone and in person
Let’s take a closer look at fees and how to avoid them
Here are some fees we want you to know about.
| Feature | Fees |
|---|---|
| Monthly maintenance fee | $5 or $0 if you’re under 25 |
| ВМО and Allpoint ® ATM transactions in the U.S. | FREE |
| Non- ВМО ATM Transaction fee footnote 2 | $3 |
| Paper statements footnote 3 | $2 (fee is waived if any individual associated with your account is 65 years or older; you can also go paperless for free statements) |
| Check images footnote 3 | $3 (fee is waived if any individual associated with your account is 65 years or older; you can also go paperless statements for free check images) |
| Overdraft fee 1 | $0 |
| Minimum opening deposit | $25 |
Interested in exploring other checking accounts?
We’ve got one that meets your unique needs.
Recognized as a low-cost checking account
This account is certified by Bank On as a safe, low-fee choice. We’re proud to offer an affordable option that’s accessible to everyone.
ВМО Smart Money Checking frequently asked questions
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Opening a new account online is quick and easy. All you need is:
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Your phone number, email address and U.S. residential address
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Your date of birth and Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
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U.S. citizenship or status as U.S. Resident Alien
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If neither applies to you, don't worry - you can still apply for an account by visiting a ВМО financial center or calling us at 1-888-340-2265
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Information to help you deposit money from your other bank, including one of the following:
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The other bank's login credentials
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Their routing and account numbers
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We make digital banking simple
Bank safely footnote 4 from anywhere with our simple online and mobile banking tools. footnote 5
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Transfer money on the go with Zelle ® footnote 6Send, request and receive money from friends and family quickly and easily with Zelle ® – all with no user fees from us.
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Bank from anywhere with mobile check deposit footnote 7Skip the trip to the bank and deposit checks directly from your smartphone with mobile deposits.
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Manage all your accounts securely footnote 4Simplify your banking with BMO Total Look . Manage all your accounts in one place (even if they’re not with us), create budgets and track expenses.
Choose the right debit card for you
Select the debit card you want when you start your online application.
ВМО Debit Mastercard ®
Access money in your checking, savings or money market accounts.
ВМО Debit Mastercard ® - team cards lineup
Get in on exclusive fan perks for showing your team spirit.
Explore our resources for checking accounts
Ready to get started?
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Call us
Give us a call if you have any questions or you’re ready to open an account.
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Apply online
Open an account online in 5 minutes or less!
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Visit us
Come in to one of our BMO financial centers to open your account in person.
Zelle ® and the Zelle ® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Card design and availability is subject to change without notice.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The Chicago Bulls identifications are the exclusive property of NBA Properties, Inc. and the Chicago Bulls. ® 2026 NBA Properties, Inc. All rights reserved.
The Chicago Blackhawks Primary Logo is a registered trademark of the Chicago Blackhawks Hockey Team, Inc.
The Milwaukee Bucks identifications are the exclusive property of NBA Properties, Inc. and the Milwaukee Bucks. ® 2026 NBA Properties, Inc. All rights reserved.
Copyright Major League Soccer, L.L.C.
The Angel City FC identifications are the exclusive property of National Women’s Soccer League, LLC and Angel City FC, LLC. All rights reserved.
Accounts are subject to approval and are provided in the United States by BMO Bank N.A. Member FDIC
Footnote 1 details Items that overdraw the account are returned and ATM /everyday debit card transactions are declined.
Footnote 2 details Non- BMO ATM Transaction fees will apply at all Non- BMO ATM s and Allpoint ® Participating ATM s outside the United States; this fee will be charged for each transaction, except for a transfer or balance inquiry. Except for Bank of Montreal branded Participating ATM s and Allpoint ® Participating ATM s, the ATM owner or operator may also charge you a surcharge fee for a withdrawal, transfer, or balance inquiry. Foreign Transaction Fees will also apply to all ATM s outside of the United States (i.e. Non- BMO ATM s, Bank of Montreal branded Participating ATM s and Allpoint ® Participating ATM s).
Footnote 3 details The monthly fee for paper statements is automatically waived if you opt to go paperless through your BMO Digital Banking preferences or if any individual associated with your account is 65 years or older. The monthly fee for check images will be automatically waived if any individual associated with your Account is 65 years or older, or if you opt to go paperless through your BMO Digital Banking preferences.
Footnote 4 details Visit bmo.com/en-us/security for details.
Footnote 5 details Message and data rates may apply. Contact your wireless carrier for details.
Footnote 6 details Must have a bank account in the U.S. to use Zelle ® . Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. For details see the BMO Digital Banking Agreement found at bmo.com/en-us/legal .
Footnote 7 details Mobile deposit is available using the BMO Digital Banking Mobile App. This service may not function on older devices. Users must be a BMO Digital Banking customer with a BMO account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, please see the BMO Digital Banking Agreement found at bmo.com/en-us/legal .