Does BMO Bank charge a monthly fee?

BMO Smart Advantage Checking has no monthly fee when you choose paperless e-statements. If you opt for paper statements, a $5/month fee applies. BMO Smart Money Checking costs $5/month and has no overdraft fees — declined transactions instead of overdraft charges.

What is BMO Bank's overdraft fee?

BMO Smart Advantage Checking charges overdraft fees up to $37 per item. BMO Smart Money Checking avoids overdraft fees entirely by declining transactions when funds are insufficient — there is no fee, but the transaction does not go through.

Does BMO Bank charge ATM fees?

BMO Bank does not charge fees at BMO-owned ATMs or Allpoint network ATMs (40,000+ combined). BMO charges $3.00 for each out-of-network ATM withdrawal. The OON operator may charge an additional surcharge.

BMO Bank Fees 2026: Monthly Fees, Overdraft, ATM & Wire Fees

BMO Smart Advantage Checking is free with paperless e-statements — one of the cleanest no-fee checking offers at a major bank. Smart Money Checking costs $5/month but has no overdraft fees. OON ATM fee is $3.00. Outgoing domestic wire is $25.

BMO Bank Fee Schedule 2026

Fee Type	Amount	Notes
Smart Advantage Checking	$0	With e-statements; $5 with paper
Smart Money Checking	$5	No overdraft fees; declines instead
BMO Relationship Checking	$25	Waived: $25,000+ combined balance
Overdraft fee (Smart Advantage)	Up to $37	Smart Money has no OD fees
OON ATM fee	$3.00	Plus operator surcharge
In-network ATM fee	$0	BMO + Allpoint network
Foreign transaction fee	3%	—
Outgoing domestic wire	$25	—
Incoming domestic wire	$15	—
Outgoing international wire	$40	—
Stop payment	$32	—

Smart Advantage vs Smart Money: Which to Choose

Feature	Smart Advantage	Smart Money
Monthly fee	$0 (e-statements)	$5
Overdraft	Up to $37/item	None — declines
Check writing	✅	✅
Zelle	✅	✅
Best for	Customers who manage balance well	Customers who want no OD risk

If you occasionally overdraft, Smart Money’s $5/month fee may pay for itself — even one avoided overdraft fee (up to $37) saves money vs Smart Advantage.

BMO Monthly Fee: Free With E-Statements

The Smart Advantage “free” account does require paperless statements. Customers who prefer paper statements pay $5/month — a practice increasingly common at larger banks. Setting up e-statements (in the BMO app) takes under 2 minutes and permanently eliminates the fee.

Wire Fee Comparison

Bank	Outgoing Domestic	Incoming Domestic
BMO	$25	$15
Chase	$25–$35	$15
Citizens	$30	$12
Fifth Third	$30	$15
Huntington	$25	$0

BMO’s $25 outgoing domestic wire matches Huntington and Chase as competitive market-rate. Huntington remains the only major bank with free incoming wires.

BMO Bank routing number 2026 — 071000288
BMO Bank minimum balance 2026 — $0 with e-statements
BMO Bank ATM limit 2026 — $1,000/day, 40,000+ ATMs
BMO Bank vs Chase 2026 — Midwest fee comparison

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy