Checking Accounts: Open Online in Minutes (2024)

Our checking accounts help you make real financial progress. Enjoy a better banking experience with our simple digital banking tools, nationwide fee-free ATM transactions and personalized service—however you choose to bank.

Security however you bank ^{footnote 77}

Whether you bank via mobile ^{footnote 22}, online or telephone, all your banking methods are convenient and secure. ^{footnote 77} Our financial crimes unit combines world-class expertise from cyber security, fraud, physical security and crisis management teams. We work to detect, prevent, respond to and recover from security threats.

• A checking account is a type of bank account that gives you easy access to your money, so it’s commonly used for everyday expenses. Your checking account will allow you to access the money in your account in a variety of ways, including:

  • Withdrawing cash from an ATM or bank teller
  • Making purchases using a debit card
  • Writing checks
  • Sending money to friends and family using Zelle^{® footnote 88}

• Checking accounts are used to carry out your daily expenses and keep your money secure. They give you quick access to your funds. Here are some common uses for checking accounts:

  • Paying by debit for regular purchases, like groceries, gas and takeout
  • Paying your bills, including utilities, phone and rent
  • Receiving direct deposits, including your paycheck
  • Paying off your credit card balance

• Opening a new account online is quick and easy. All you need is:

  • Your phone number, email address and U.S. residential address
  • Your date of birth and Social Security Number (SSN)
  • U.S. citizenship (if you aren’t a U.S. citizen, don’t worry – you can apply by phone or in person at a BMO branch)
  • A routing and account number so that you can start adding money to your checkingaccount

• You can open a checking account online in just a few minutes, which saves you the time spent traveling to a branch. Here are the steps you’ll need to take to open a new account online:

  • Choose the account that’s right for you:Compare checking accounts and choose one that suits your needs.
  • Submit your online application:Fill out your online application, including your contact information, personal details and employment status.
  • Wait for confirmation:We’ll review your application, verify your identity and reach out to you when we’ve opened your new checking account. Then, we’ll send you your new debit card and account info by mail. The full process usually takes a few business days.
  • Fund your account and get banking:Once you deposit your opening balance, you’ll be all set to make purchases, pay bills and get paid through your new checking account!

• If you’re opening an account online, the application process takes less than five minutes. We’ll then verify your information and send you your new debit card by mail within a few business days.

  If you prefer to open a checking account in person at a branch, the application process should take about 30 minutes. You’ll receive your debit card on the spot, so you can start using your account right away!

• Switching to a BMO checking account is easy – you can make the change in three simple steps:

  1. Set up direct depositso your paychecks and other regular payments go directly to your new account.
  2. Transfer your automatic paymentsover to your new account, so you don’t miss a bill payment.
  3. Close your old accountWe’ll review your application, verify your identity and reach out to you when we’ve opened your new checking account. Then, we’ll send you your new debit card and account info by mail. The full process usually takes a few business days.

  Looking for a detailed rundown of making the switch to BMO?Check out our Switch Kit