Skip navigation Business Search Locations EN Contact Us Sign-in Checking Credit Cards Lending Savings Business Services Business Insights Specialty Programs Special Offers Business Checking Accounts BMO Elite Business Checking Account Earn interest footnote 1 1 on your checking balance to make your money go further. This account is the right fit for businesses that tend to have more monthly transactions. APPLY NOW Open an account in minutes! Get banking perks and tools to help you make real financial progress Created with Sketch. Get 500 free transactions per statement period footnote 2 2 Created with Sketch. Deposit up to $20,000 in cash per statement period with no fee Created with Sketch. Earn interest footnote 1 1 on your checking balance to grow your money faster Get free domestic and foreign incoming wire transfers Created with Sketch. Enjoy fee-free banking at 40,000+ BMO Harris and Allpoint® ATMs nationwide footnote 3 3 Created with Sketch. Bank anytime with our mobile app: footnote 4 4 deposit checks, footnote 5 5 pay bills and move money, from wherever your business takes you .__9XxMrtu__a{fill:#0075be;} You’ll pay no monthly maintenance fee with an Average Collected Balance of $5,000 or more or with a Combined Balance footnote 6 6 of $15,000 or more, otherwise it’s $20/month Let’s see your interest rate Minimum balance to get Annual Percentage Yield (APY)1 footnote 1 Interest rate (%) APY (%) footnote 1 1 $0.01 to $4,999.99 0.010 0.01 $5,000 or more 0.010 0.01 SHOW MORE These rates are effective as of August 26, 2021 Open a checking account online in 3 simple steps .__37UPsEc__a,.__37UPsEc__b,.__37UPsEc__c,.__37UPsEc__e{fill:none;stroke-linecap:round;stroke-linejoin:round;stroke-width:3px;}.__37UPsEc__a{stroke:#0079c1;}.__37UPsEc__b{stroke:#005587;}.__37UPsEc__c{stroke:#73c3eb;}.__37UPsEc__d{fill:#c1e7ff;}.__37UPsEc__e{stroke:#001928;}.__37UPsEc__f{fill:#001928;} Check that you’re eligible Corporations (S and C), limited liability corporations (LLCs), and sole proprietors can apply for some accounts online. Created with Sketch. Apply in minutes Apply online in minutes and get a decision on the spot. Get ready to apply with our Business Documentation Checklist. .__1gXrjtx__a,.__1gXrjtx__b,.__1gXrjtx__d,.__1gXrjtx__e,.__1gXrjtx__f,.__1gXrjtx__g,.__1gXrjtx__h,.__1gXrjtx__i,.__1gXrjtx__k,.__1gXrjtx__l,.__1gXrjtx__m,.__1gXrjtx__n,.__1gXrjtx__o{fill:none;}.__1gXrjtx__a{stroke:#005688;}.__1gXrjtx__a,.__1gXrjtx__b,.__1gXrjtx__d,.__1gXrjtx__f,.__1gXrjtx__g,.__1gXrjtx__h,.__1gXrjtx__o{stroke-miterlimit:10;}.__1gXrjtx__a,.__1gXrjtx__b,.__1gXrjtx__f,.__1gXrjtx__g,.__1gXrjtx__h,.__1gXrjtx__i,.__1gXrjtx__o{stroke-width:3px;}.__1gXrjtx__b,.__1gXrjtx__f,.__1gXrjtx__m{stroke:#081b28;}.__1gXrjtx__b{stroke-linecap:square;}.__1gXrjtx__c{fill:#fff;}.__1gXrjtx__d,.__1gXrjtx__h{stroke:#74c3eb;}.__1gXrjtx__d,.__1gXrjtx__e,.__1gXrjtx__k,.__1gXrjtx__l,.__1gXrjtx__m,.__1gXrjtx__n{stroke-width:2px;}.__1gXrjtx__e,.__1gXrjtx__g,.__1gXrjtx__o{stroke:#0e79bf;}.__1gXrjtx__e,.__1gXrjtx__g,.__1gXrjtx__h,.__1gXrjtx__i,.__1gXrjtx__k,.__1gXrjtx__l,.__1gXrjtx__m,.__1gXrjtx__n{stroke-linecap:round;}.__1gXrjtx__e,.__1gXrjtx__i,.__1gXrjtx__k,.__1gXrjtx__l,.__1gXrjtx__m,.__1gXrjtx__n{stroke-linejoin:round;}.__1gXrjtx__i,.__1gXrjtx__n{stroke:#73c3eb;}.__1gXrjtx__j{fill:#c0e4f8;}.__1gXrjtx__k{stroke:#0b79bf;}.__1gXrjtx__l{stroke:#005687;}.__1gXrjtx__p{fill:#231f20;} Verify your ID with a selfie To finalize your application, we may ask you to take a photo of your ID and snap a selfie to verify your identity without a branch visit. APPLY NOW Let’s take a closer look at fees and how to avoid them $20 monthly maintenance fee Waived with an Average Collected Balance of $5,000+ or with a Combined Balance footnote 6 6 of $15,000+ BMO Harris and Allpoint® ATM transactions footnote 3 3 FREE Non-BMO Harris ATM transactions footnote 7 7 $3 Transactions footnote 2 2 (500 free per statement period) $0.40 for each additional transaction Cash deposits over $20,000 per statement period $0.25 for every additional $100 deposited Get a full breakdown of fees in the Product Disclosure (PDF, 292 KB) Interested in exploring other checking accounts? We’ve got one that meets your unique business needs. VIEW ALL BUSINESS CHECKING ACCOUNTS Everything you need to know about your account Get the full terms and agreements and learn what you need to apply. Deposit Account Agreement (PDF, 451 KB) Business Checklist: What you need to apply (PDF, 217 KB) BMO Elite Business Checking FAQs BMO Elite Business Checking frequently asked questions What do I need to open a BMO Elite Business Checking account? How long does it take to open an account? How can I avoid the monthly maintenance fee? Resources to help support your business The benefits of a business bank account It’s important that you keep your business and personal finances separate. Learn why you need a business bank account. Business plan template (Microsoft Word, 49.3 KB) Use this professional template to help you structure your ideas, define clear goals and plan for the future. VIDEO Video: 3 reasons you need a business checking Learn how a business bank account can simplify your finances, streamline your bookkeeping and make your business look professional. Slide 1 of 2 Take the next step toward better business banking Call us Give us a call to apply or ask questions. 1-888-340-2265 Apply online Open an account in minutes! APPLY NOW Visit us Meet with a BMO Harris Business Banker to talk about how we can help your business. FIND A BRANCH Legal Definitions of Capitalized Terms footnote 1 1 details All Interest Rates and Annual Percentage Yields (APY) are accurate as of the effective date shown above. For variable rate accounts interest rates and APYs may change after the account is opened. At our discretion we may change the interest rate on these accounts daily. For accounts that have more than one tier, the interest rate corresponding to the highest tier into which the collected balance falls will be paid on the entire collected balance. Interest rates and APYs offered within two or more consecutive tiers may be the same. In this case, multiple tiers will be shown as a single tier. Fees or withdrawals will reduce earnings. footnote 2 details Each additional transaction is $.40. Transactions means non-ATM deposits, checks deposited, checks paid, and ACH credits and debits. footnote 3 3 details Foreign Transaction Fees will apply at Allpoint® ATMs located outside of the United States. footnote 4 4 details Message and data rates may apply. Contact your wireless carrier for details. footnote 5 details Mobile Deposit is available using the BMO Digital Banking Mobile App. This service may not function on older devices. Users must be a BMO Digital Banking customer with a BMO Harris account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, please see the BMO Digital Banking Agreement found at bmoharris.com/legal footnote 6 6 details See your BMO Harris Banker for additional information, as well as to request Relationship Waiver and to link your accounts. Certain conditions apply. BMO Harris does not automatically link your accounts for Relationship Waiver. Additional information on Relationship Waiver can be found in the Deposit Account Disclosures and the Deposit Account Agreement for Personal and Business Accounts. footnote 7 7 details The ATM Operator or network may also charge you a fee for a transaction or balance inquiry. Contact Us Phone Locations Privacy Legal Security Sitemap Careers About our ads Accessibility Cookie usage About us Banking products and services are subject to bank and credit approval. BMO Harris Bank N.A. Member FDIC. NMLS 401052 Notice to Customers To help the government fight the funding of terrorism and money laundering activities, federal law (USA Patriot Act (Title III of Pub. L. 107 56 signed into law October 26, 2001)) requires all financial organizations to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask you to provide a copy of your driver's license or other identifying documents. For each business or entity that opens an account, we will ask for your name, address and other information that will allow us to identify the entity. We may also ask you to provide a copy of your certificate of incorporation (or similar document) or other identifying documents. The information you provide in this form may be used to perform a credit check and verify your identity by using internal sources and third party vendors. If the requested information is not provided within 30 calendar days, the account will be subject to closure. Third party web sites may have privacy and security policies different from BMO Harris. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from BMO Harris web sites. This information is not intended to be tax or legal advice. This information cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. This information is being used to support the promotion or marketing of the planning strategies discussed herein. BMO Harris Bank N.A. and its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your independent legal and tax advisors.