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Essential Business Checking


Looking for an economical checking account? The Essential Business Checking account is designed for small businesses that maintain a low balance and have few transactions each statement period.


Get started today and the monthly maintenance fee, coin and currency fees and transaction fees will be waived for the first three months.1


Minimum opening deposit: $100


Features and benefits


  • BMO Harris Bank Debit MasterCard® BusinessCard available
  • No "per transaction" fee for the first 200 transactions per statement period and $.40 for each additional transaction2
  • Overdraft Protection Line of Credit available, with bank and credit approval
  • Overdraft Funding also available. In order to have Overdraft Funding, you must enroll in this service
  • Access your accounts any time, from anywhere via Online and Mobile Banking3

How various fees may be waived

$12 monthly maintenance fee waived for:


  • Accounts with an Average Collected Balance of $1,500 or more for the statement period


ATM Fees:


  • No ATM fee for withdrawals, deposits, transfers and balance inquiries at BMO Harris ATMs
  • $2.50 BMO Harris fee for each Non-BMO Harris ATM Transaction per statement period4
Check Images:


  • $3 per statement period. You must request Check Images from your BMO Harris representative.
  • This fee will be waived if you select to only receive online statements through BMO Harris Online Banking® and not paper statements.


Account terms and other fees


The following documents describe the terms and conditions that apply to your account:


Product Disclosure (868KB, PDF)


Deposit Account Agreement (405KB, PDF)

Minimum opening deposit: $100

All loans, lines of credit and credit cards are subject to bank and credit approval


Definitions of Capitalized Terms


1 These fees will be waived on a new Essential Business Checking or Business Advantage Checking account. The monthly maintenance fee for Essential Business Checking is $12 and there may be other ways to waive this fee.


2 Transactions means non-ATM deposits, checks deposited, checks paid, and ACH credits and debits.


3 Message and data rates may apply. Contact your wireless carrier for details.


4 Non-BMO Harris ATM operators or networks may charge a fee for a transaction or balance inquiry.


MasterCard® is a registered trademark of MasterCard International Incorporated.