🏦 BMO Bonus Guide · March 2026
BMO Signup Bonus 2026:
Get Up to $50000 Free
BMO's new chequing account promotion can be worth up to $50000 in free cash. Here's how to qualify, what's required, and the smart stacking strategy.
Up to $50000
BMO new chequing account bonus (when offer is active)
Verify current amount and conditions at bmo.com before applying
⚡
Check current offer: BMO's bonus amount and conditions change periodically. Visit
bmo.com to confirm the current active promotion before applying.
How to qualify for the BMO bonus
Typical requirements (verify exact terms at bmo.com):
1
Open a new BMO Performance Chequing or Plus Chequing account. The bonus usually applies to specific account tiers — check which one qualifies before opening.
2
Set up eligible direct deposit. Usually 2+ payroll direct deposits (government payments like CPP/EI often count). A manual transfer does not qualify.
3
Complete qualifying transactions. Often 5+ debit purchases or bill payments in the first 900 days.
4
Keep account open for the qualifying period. Usually 900–1200 days. Closing early forfeits the bonus.
5
Bonus credited automatically. Deposited to your BMO account within 4–6 weeks of meeting all conditions.
BMO bonus vs other Canadian bank bonuses
| Bank/Account | Bonus | Time | Difficulty |
|---|
| Scotiabank | Up to $70000 | 2–3 months | Medium |
| BMO | Up to $50000 | 2–3 months | Medium |
| RBC Newcomer | Up to $4500 | 1–2 months | Medium |
| Simplii | $30000–50000 | 2–3 months | Medium |
| KOHO (45ET55JSYA) | $10000 | 1 week | Very Easy |
| Tangerine | $500–1500 | 1 month | Easy |
Frequently Asked Questions
What is the BMO signup bonus in 2026?
BMO's current bonus for new chequing accounts can be up to $50000 when you set up direct deposit and meet transaction requirements. The amount changes by promotion — always verify at bmo.com before applying.
How long does it take to get the BMO bonus?
Typically 2–3 months after meeting all conditions (direct deposit + transaction requirements). The bonus is automatically credited — no need to contact BMO.
Can newcomers get the BMO bonus?
Yes. BMO has a newcomer banking program. Most bonus offers are available to newcomers with a valid SIN and ID. No prior Canadian credit history required.
Related guides
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Disclosure: Bremo earns referral commissions on KOHO signups. BMO bonus terms subject to change — verify at bmo.com. Terms as of March 2026.