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Open unique receivable accounts worldwide to collect payments like a local, save on fees, and control currency conversions on your terms.
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Bank Of Montreal

How much does it cost to open a Business Account at BMO?

Let's understand BMO's different business account plans, features, fees, and if they're affordable for Canadian businesses.

In this article, let’s explore how much it costs to open a business account with BMO, and delve into the features and pricing of their various plans. BMO offers a range of plans tailored to different business sizes in Canada.

Here is a brief overview of the different plans offered by BMO -

Note: Transactions include cheques negotiated and other debit or credit transactions to the account, including deposits (except cash and coin), withdrawals, electronic credits and debits, bill payment debits, or debit card debits and credits.

Is it worth the cost? Can Canadian businesses manage these expenses for banking services?

Are there affordable alternatives?

Absolutely! Let me introduce you to a robust alternative – Finofo. Finofo is a free platform that provides cutting-edge technology for your finance and accounting teams. It streamlines global financial operations, accounts payable, and accounts receivable. It's intuitive, user-friendly, and won't take hours to set up.

Finofo’s pricing is transparent: $0 account opening fee, $0 service fee, $0 maintenance fee. There are no subscription fees, minimum balance requirements, or any other hidden charges that complicate your business finances.

Why pay banks unnecessary maintenance or service fees for their subpar product offerings and clunky software when you can choose Finofo? With world-class technology and no unwanted fees, Finofo is the smarter choice for Canadian businesses.

Open your 'Free' account with Finofo today!