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RBC vs BMO (CANADIAN BANKS PROS AND CONS COMPARISON) [2024]We give BMO Bank out of 5 stars overall for factors including its branch availability, account fees, annual percentage yields (APYs) and customer support. At BMO, we have chequing accounts with low fees, cash bonuses, & no fee Interac e-Transfers�. Easily open a chequing account online in 7 minutes! Cons Explained � High balances required to earn interest. Although you can open a savings account with just $25, the account earns an absurdly small interest.
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