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BMO Checking Account Review - Pros And Cons Of BMO Checking Account (Is It Worth It?)Personal checking accounts require a $25 minimum opening deposit. When opening an account online from the bonus landing page, a unique promo. $25, waived with an average balance of $10, per monthly statement period or $25, in combined balances when linked with other BMO accounts. BMO Bank's Savings Builder requires a $25 deposit to open. There is no monthly service fee. Interest rates for this account are low. Get a $5 reward for each.