Banking

Whether you need a high-interest savings account, a chequing account or a GIC, we can help you find the right options so you can make the smartest banking decisions.

Best High-Interest Savings Accounts

Best Tax-Free Savings Accounts

Best RRSP Accounts

Best Chequing Accounts

Best New Bank Account Offers

Getting started with banking

Best Student Bank Accounts in Canada for 2025

Clay Jarvis

The best student bank accounts offer a combination of no monthly fees, numerous free transactions and other perks to make your day-to-day banking easier and more affordable.

Best Banks for Newcomers in Canada for 2025

Siddhi Bagwe

Compare leading Canadian banks that have special accounts, plans and financial services with welcome offers for newcomers to choose the best bank for your needs.

Best Banks for International Students in Canada for 2025

Siddhi Bagwe

The best banks for international students in Canada can accommodate your savings, day-to-day banking and financing needs.

Banking basics

Common Types of Bank Accounts in Canada

Siddhi Bagwe

How to Open a Bank Account

Siddhi Bagwe

A person putting a coin in a piggy bank, which is sitting on a table.

What Is a Savings Account? How Does It Work?

Hannah Logan

A confident bank associate meeting and shaking hands with happy couple.

What Is a Chequing Account? How Do I Use One?

Hannah Logan

A Guide to Common Canadian Bank Fees and Charges

Siddhi Bagwe

How to Write a Cheque in Canada

Siddhi Bagwe

What Is a Debit Card and How Does It Work?

Siddhi Bagwe

How Direct Deposit Works and How to Set It Up in Canada

Kurt Woock

Get the most from your bank account

Best No-Fee Chequing Accounts in Canada

Siddhi Bagwe

Canada’s best no-fee bank accounts are free bank accounts that can help you save money, earn rewards and manage your day-to-day expenses.

Best Senior Bank Accounts in Canada

Siddhi Bagwe

For folks who are at least 60 years of age, senior chequing accounts may offer unlimited transactions, free cheques and no monthly fees.

Best Business Bank Accounts in Canada for 2025

Siddhi Bagwe

The right business bank account will keep your operation well-oiled while reducing overhead costs.

Partner Spotlight

BMO Performance Chequing Account

Earn $500 when you open a new BMO Performance or Premium Plan Chequing Account and make a deposit of any amount by March 2, 2026 and complete two qualifying tasks by April 30, 2026. Plus, get a Walmart Delivery Pass subscription for up to 12 months when you open a Savings Amplifier Account by March 2, 2026 and sign up for or update your existing Walmart Delivery Pass by April 30, 2026. Earn $150 when you deposit $10,000 or more within the first 30 days of account opening and maintain a daily closing balance of $10,000 or more for an additional 90 days. Earn an extra $50 when you sign in to BMO Online Banking or BMO Mobile Banking to access My Financial Progress and complete qualifying actions by April 30, 2026. Terms Apply.

APPLY NOW

on BMO's website