BMO Bank of Montreal蒙特利尔银行

Canada 传统银行 In-branch required Permit holders ★ 3.6
Minimum depositNo initial deposit
Monthly fee~C$0-17/mo (waivable)
Minimum balanceC$4,000 to waive fee
How to apply—
Processing time~45 min
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • Branches in the US Midwest, cross-border ease
  • Clear newcomer plans
  • Complete wealth and investment range

Things to note

  • Needs Canadian address and SIN, tourists cannot
  • Newcomers verify in branch with documents
  • Higher overseas withdrawal fees

Documents required

  • Passport
  • Canadian visa or immigration document
  • Canadian proof of address

Must apply in person at a branch; valid residence permit or visa required; local proof of address required

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

Open account ↗ Some links are affiliate (commission) links; this does not affect our objective assessment.