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How to Open a BMO Account online in CanadaThe following pages contain terms, conditions, and fees including banking agreements that apply to Personal Accounts at. Bank of Montreal. Open a BMO Smart Advantage checking account and pay no monthly fee with eStatements. Apply online in 5 minutes or less to our most popular account! Earn interest on your account and get more benefits the more you bank with us. Monthly maintenance fee. $0. $5. Or $0 if you're under $ Waivable fee.