2025 Everyday Banking AIR MILES®* Account Offer
Terms and Conditions
The 2024 Everyday Banking AIR MILES Account Offer (“Everyday Banking Offer”) is available from January 6, 2025 – March 3, 2025 (“Offer Period”). You can earn up to $700 in total cash bonuses and up to 2,000 AIR MILES Bonus Miles™† (“Bonus Miles”) when you open a new Canadian Dollar Primary Chequing Account (“Chequing Account”) with the AIR MILES Plan and open a new Savings Amplifier Account (“Savings Account”) at any BMO branch in Canada or online at bmo.com/airmilesoffer.
Chequing Account Offer: Get a $450 cash bonus
To qualify for the Chequing Account Offer, you must:
1. Open a new Chequing Account with the AIR MILES Plan during the Offer Period, January 6, 2025 – March 3, 2025;
AND
2. Provide a valid email address4 at the time of opening the Chequing Account. If the Chequing Account is joint account, this requirement is met if one accountholder provides a valid email address4;
AND
3. Make a deposit of any amount to the Chequing Account by March 3, 2025;
AND
4. Complete at least two of the following Eligible Transactions (defined below) to or from the Chequing Account and have the transaction appear in the Chequing Account by April 30, 2025:
a. Set up one (1) recurring direct deposit; and/or
b. Make two (2) bill payments to different payees of at least $50 each through BMO Online Banking or BMO Mobile Banking; and/or
c. Set up two (2) pre-authorized debits (PADs) from different payees of at least $50 each.
AIR MILES Bonus Miles (“Bonus Miles”) Offer: Earn 1,500 Bonus Miles
To earn 1,500 Bonus Miles, you must:
1. Qualify for the Chequing Account Offer (see qualifying requirements above);
AND
2. Provide BMO with a valid AIR MILES collector number (Collector Number) by March 31, 2025. If you are not currently an AIR MILES collector, you can join the program by visiting airmiles.ca. By enrolling to become an AIR MILES collector, you agree to be bound by the terms and conditions of the AIR MILES Reward Program as amended from time to time. You can provide BMO with your Collector Number by visiting a local branch in Canada or by calling the customer contact centre.
Earn an additional 500 Bonus Miles
To qualify to earn an additional 500 Bonus Miles, you must:
1. Open a new Chequing Account with the AIR MILES Plan during the Offer Period, January 6, 2025 – March 3, 2025;
AND
2. Provide BMO with a valid AIR MILES collector number before making a Qualifying Purchase (defined below);
AND
3. Make a Qualifying Purchase (defined below) from the Chequing Account by March 3, 2025.
Savings Account Offer: Get a $250 cash bonus
To qualify for the Savings Account Offer, you must:
1. Qualify for the Chequing Account Offer;
AND
2. Open a Savings Amplifier Account during the Offer Period, January 6, 2025 – March 3, 2025;
AND
3. Deposit a total $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the Savings Amplifier Account;
AND
4. After the initial 30-calendar day period from the Savings Amplifier Account open date, maintain a daily closing balance of $10,000 or more at all times for an additional 90 calendar days.
For example, if you open the Savings Amplifier Account on December 1, you have until December 31 to deposit $10,000 or more into the Savings Amplifier Account. You then must maintain a daily closing balance of $10,000 or more in the Savings Amplifier Account until March 31, 2025.
Eligible Transactions details for the Chequing Account Offer:
• Recurring direct deposit: Set up one (1) recurring direct deposit from your employer, the government, or your pension into your Chequing Account and have at least one (1) deposit appear in the Chequing Account by April 30, 2025.
• Bill payments: Make two (2) bill payments to different payees through BMO Online Banking or the BMO Mobile Banking app for $50 each or more from your Chequing Account by April 30, 2025. Note: A transfer from your Chequing Account to pay a BMO credit card or a BMO line of credit does not qualify as an Eligible Transaction.
• Pre-authorized debits (PAD): Set up two (2) PADs from different payees for $50 or more each from your Chequing Account and have at least one (1) of each PAD appear in the Chequing Account by April 30, 2025. A PAD includes a pre-authorized bill payment to a service provider such as a utility bill, gym membership, or PAD to a BMO mortgage, BMO loan, BMO line of credit, or contribution to a BMO investment account. A PAD that is not paid and returned for any reason including non-sufficient funds, funds-not-clear, stop payment, etc. does not qualify as an Eligible Transaction.
Qualifying Purchase details for the 500 AIR MILES Bonus Miles Offer:
You must earn one (1) AIR MILES Reward Mile™† by:
• Making a single purchase of $30 or more in store or online from your Chequing Account using Interac®‡ Debit or Interac Flash®‡ by using your physical BMO Debit Card or BMO Debit Card added to your digital wallet;
OR
• Making a single purchase of $30 or more from your Chequing Account online or by telephone using Debit Mastercard®*;
AND
• Have the transaction debited from the Chequing Account by March 3, 2025. If you make a purchase in store or online using Interac Debit or Interac Flash, the transaction will be debited from the account in real-time. If you make a purchase online or by telephone using Debit Mastercard, the transaction may take up to seven (7) business days to be debited from the Chequing Account. The transaction must be debited from the Chequing Account by March 3, 2025, to qualify.
Everyday Banking Offer Exclusions
• An Existing Customer is not eligible for the Everyday Banking Account Offer. An ”Existing Customer” is anyone who currently has a BMO Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, Canadian or U.S. Dollar Premium Rate Savings Account, Smart Saver Account, Savings Builder Account, or Savings Amplifier Account (each an “Existing Account”) or anyone who closes their Existing Account between November 1, 2023 – March 3, 2025 and subsequently opens a new Chequing Account or Savings Account.
• If a Chequing Account and/or Savings Account is opened as a joint account, and any one accountholder is an Existing Customer; or if an Existing Customer closes their Existing Account(s) between November 1, 2023 – March 3, 2025, then none of the accountholders are eligible for the Everyday Banking Offer.
• If the Chequing Account and/or Savings Account is initially opened under single ownership and is subsequently converted to a joint account with an Existing Customer, then then none of the accountholders are eligible for the Everyday Banking Offer.
• Employees of Bank of Montreal and those with whom such employees are domiciled are not eligible for the Everyday Banking Offer.
Other
• You must have reached age of majority in the province or territory where you reside at the time you open the Chequing Account in person or online to qualify.
• Limit of one (1) Chequing Account Offer and one (1) Savings Account Offer per customer and where there is more than one accountholder on the Chequing and/or Savings Account, only one Offer per account. To be clear, no more than $700.00 in total cash bonus and 1,500 plus 500 AIR MILES Bonus Miles can be earned, regardless of how many accountholders are associated with the Chequing Account or Savings Account.
• The Chequing Account that qualified for the Chequing Account Offer will be paid by May 30, 2025, and deposited to the Chequing Account
• The Chequing Account that qualifies for the 1,500 AIR MILES Bonus Miles will have the Bonus Miles deposited to the collector account associated with the collector number on file by May 30, 2025.
• The Chequing Account that qualifies for the 500 AIR MILES Bonus Miles will have the Bonus Miles deposited to the collector account associated with the collector number on file by May 30, 2025.
• The Savings Account that qualifies for the Savings Account Offer, the cash bonus will be paid by July 30, 2025, and deposited to the Savings Account.
• You acknowledge and agree that you have until August 30, 2025, to notify us if you believe you qualify for a cash offer and/ or Bonus Miles offer and have not received a cash bonus and/ or the Bonus Miles, so that we verify your eligibility.
• To get the AIR MILES Bonus Miles under the Everyday Banking Offer, you must provide us with a valid and current AIR MILES collector number when you open the Chequing Account by March 31, 2025. Your AIR MILES collector number must be valid and current until April 30, 2025 to be eligible to receive the AIR MILES Bonus Miles.
• You acknowledge and agree to waive any claims against us and AIR MILES Loyalty Inc. for the AIR MILES Bonus Miles if you did not provide a valid and current AIR MILES collector number when you opened the Chequing Account by March 31, 2025 (or before making a Qualifying Purchase, in the case of the 500 Bonus Miles Offer). Your Chequing Account must be open, in the AIR MILES Plan, and be in good standing (for example, your Chequing Account must not be in an unauthorized overdraft or in delinquent status) at the time the cash bonus is paid. If you change your Bank Plan from the AIR MILES Plan to another Bank Plan before the cash bonuses are paid or if your Chequing Account is not in good standing, you will no longer qualify for the Everyday Banking Offer.
• Your Savings Account must be open and be in good standing (for example, your Savings Account must not be in an unauthorized overdraft or in delinquent status) at the time the cash bonus is paid. If your Savings Account is not in good standing, you will no longer qualify for the Everyday Banking Offer.
• Your Chequing Account must remain open and in the AIR MILES Plan until March 3, 2026. If you close your Chequing Account or change to a Plan other than AIR MILES Plan before March 3, 2026, you will no longer qualify for the Chequing Account Offer or AIR MILES Bonus Miles Offer. If any cash bonus has been paid, we reserve the right, in our sole discretion, to debit the Chequing Account the full value of the cash bonus paid to the Chequing Account or send you an invoice for any amount(s) outstanding. If any Bonus Miles have been credited to your AIR MILES collector account we reserve the right, in our sole discretion, to debit your collector account for the full value Bonus Miles awarded.
• Your Savings Account must remain open until March 3, 2026. If you close your Savings Account, before March 3, 2026, you will no longer qualify for the Savings Account Offer. If a cash bonus has been paid, we reserve the right, in our sole discretion, to debit the Savings Account the full value of the cash bonus paid to the Savings Account or send you an invoice for any amount(s) outstanding.
• If the daily closing balance of your Savings Account falls below $10,000 during the 90-calendar day holding period (as outlined above in the Savings Account Offer), you will no longer qualify for the Savings Account Offer.
• Unless otherwise stated, the Everyday Banking Offer cannot be combined with any other offer or promotion or discounted banking programs.
• We may change, shorten, extend, or withdraw the Everyday Banking Offer at any time without notice. We reserve the right, at our sole discretion, to suspend, disqualify, limit or revoke the Everyday Banking Offer for any customer we suspect of manipulating or abusing the any of the offers included in the Everyday Banking Offer, or its fairness, integrity or operation.
1 Award of AIR MILES reward miles is made for debit card purchases minus refunds from your Primary Chequing Account when your Primary Chequing Account or Interest Chequing Account (existing customers) is the lead account for the AIR MILES Plan. The lead account is the one you designate to pay any fees required by your Bank Plan, for example, your monthly Plan fees and transaction fees. The number of Reward Miles will be rounded down to the nearest whole number. Fractions of Reward Miles will not be awarded.
2 Includes everyday banking transactions at a BMO branch, BMO ATM, BMO Telephone Banking, BMO Online Banking, BMO Mobile Banking, debit card purchases, cheques drawn on your account and Pre-Authorized Debits.
3 Interac e-Transfer transactions are subject to maximum send and receive dollar amounts. For Bank Plans that do not include unlimited transactions, excess transaction fees may apply if you perform an Interac e-Transfer transaction over and above the number of transactions allowed for the Plan. A cancellation fee may still apply when you cancel the transaction.
4 Your email will become part of your contact information and will be used in accordance with our Privacy Code which is available online at bmo.com/privacy. We may use your email to provide you with future offers tailored to your banking needs. You can unsubscribe from receiving promotional emails at any time by updating your email preferences at bmo.com/subscription-centre, by visiting your BMO branch, or by clicking the unsubscribe link contained in promotional emails.
®† / ™† Trademarks of AM Royalties Limited Partnership and used under licence by AIR MILES Loyalty Inc. and Bank of Montreal.
®* Mastercard is a registered trademark and the circle design is a trademark of Mastercard International Incorporated. Used under licence.
®‡ Interac and Interac Flash are registered trademarks of Interac Corp. Used under licence.