Agreements, Bank Plans and Fees for Everyday Banking - BMO

Agreements, Bank Plans and Fees for Everyday Banking

Effective date May 1, 2021

Everyday Banking

We're making changes to some of our Everyday Banking Plans and Fees, effective July 1, 2022.

This information will help you understand these changes and how they apply to you.

Monthly Plan Fees

To confirm your Bank Plan, please refer to the upper right corner of your statement, select your account in BMO? Online Banking, or select the Account Details tab in the BMO Mobile Banking app.

Plus Plan

Current $10.95

New $11.95

With a Discounted

Banking Program

? Kids, Teens ? Seniors ? Beneficiaries of a

Registered Disability Savings Plan (RDSP)

$0.00 $6.95

$6.95

$0.00 $7.95 $7.95

We're making changes to the Students and Recent Graduates Discounted Banking Programs.

As of July 1, 2022, eligible full-time students and recent graduates1 will receive the Performance Plan for $0.00 per month or receive the Premium Plan for $13.05 per month.

Plus Plan Performance Plan Premium Plan

Current $0.00 $6.00 $19.05

New n/a $0.00 $13.05

If you are an existing BMO Student or Recent Graduate Banking customer, the changes are as follows:

? Customers in the Plus Plan will be migrated into the Performance Plan, with no monthly plan fee. With this upgrade, you will now be able to enjoy unlimited everyday banking transactions2 every month. For details on more features of the Performance Plan, visit banking.

? Customers in the Performance Plan will remain in the same plan, but the monthly plan fee going forward will be reduced from $6 to $0.

? Customers in the Premium Plan will remain in the same plan, but the monthly plan fee going forward will be reduced from $19.05 to $13.05.

If you have any questions, please speak to a representative at your local branch.

Thank you for choosing BMO.

Conditions 1 For the Students Discounted Banking Program, proof of registration or proof of expected program completion date is required at time of account opening. Program benefits will end in November of the year in which you are scheduled to graduate (maximum of four years). For the Recent Graduates discounted banking program, proof of eligibility is required by November 30 of the year you graduate; otherwise, the full monthly Plan fee will be applied automatically. Plan and other fees paid prior to confirming eligibility may not be refunded. 2 Includes everyday banking transactions at a BMO branch, BMO ATM, BMO Telephone Banking, BMO Online Banking, BMO Mobile Banking, debit card purchases, cheques drawn on your account and Pre-Authorized Debits. Visit banking for more details. ?/TM Trademarks of Bank of Montreal. ?* Interac e-Transfer is a registered trademark of Interac Corp. Used under license.

22-0033

Send money and smiles.

Introducing BMO? Global Money Transfer.

The new, low-cost way to transfer money internationally with the BMO Mobile Banking app.1

Send money to friends and family in the United States, Great Britain, Europe, India, Philippines, Australia and beyond with BMO Global Money Transfer. Available on the BMO Mobile Banking app, you can transfer funds in a few simple steps2, directly to their bank in about 50 countries3.

With a fee of $5 per transfer4,5,7, it's a lower-cost alternative to traditional wire transfers6. Better yet, the fee is waived if you are on the BMO NewStart? program or Premium Plan.

Why you'll love Global Money Transfers with BMO See the conversion rate before you make the transfer Transfer funds to the same person easily with the "Send again" feature Get confirmation as soon as funds arrive (between 2-5 business days8) 24/7 BMO Mobile Banking app convenience

Look for Global Money Transfer when you select Pay & Transfer on your BMO mobile app.

Learn more at globalmoneytransfer

Point your phone camera here download the BMO Mobile banking app.

1 BMO Global Money Transfer is currently available through the BMO Mobile Banking app and will be

available in BMO Online Banking in early 2022. Visit globalmoneytransfer for updates.

2 Transfer limits apply.

3 The list of eligible countries is subject to change without advance notice.

4 Fees charged on U.S. dollar accounts are charged in U.S. dollars. There is no charge when

sending funds from your BMO account to a BMO Harris Bank account in the United States.

5 Bank Plans that do not include unlimited transactions may be subject to excess transaction fees

in addition to the transfer fee when you exceed the number of transactions in your Bank Plan.

6 A wire transfer fee is 0.20% of the wire value (minimum charge of $15 and maximum charge

of $125) plus a $10 communication charge.

7 The transfer fee is waived when the transaction is completed through an eligible account with

the Premium Plan or the Performance Plan in the BMO NewStart discounted banking program.

8 As with any wire transfer-like transaction, funds may be rejected, held, or delayed because of

incomplete or inaccurate information submitted; and for regulatory, legal, fraud, and/ or anti-

money laundering/ anti-terrorist financing screening processes. The timing of the deposit and

availability of funds by the recipient may vary with each receiving institution. These

circumstances and delays are outside of the control of BMO.

?/TM Trademarks of Bank of Montreal.

App Store is a trademark of Apple Inc., registered in the United States and other countries and regions.

Google Play is a trademark of Google Inc.

5150728 (11/21) 21-2165

Agreements, Bank Plans and Fees for Everyday Banking

The following pages contain terms, conditions, and fees including banking agreements that apply to Personal Accounts at Bank of Montreal. You agree to the terms in the terms, conditions and fees in the following pages. These agreements are effective May 1, 2021, and replace all previous agreements you have with us.

You need to read and understand the agreements covering the services you have chosen. In these agreements, "you" and "your" mean each person who signed the application, and "we", "us", "our", "BMO" and "the Bank" mean Bank of Montreal.

The meanings given to terms defined in these agreements shall be equally applicable to both the singular and plural forms of such terms, unless the context clearly indicates otherwise. The term "including" means "including but not limited to", and the term "or" has, except where otherwise indicated, the inclusive meaning represented by the phrase "and/or".

Quebec Residents: The parties expressly request that these terms and conditions and any related documents be drafted in English. Les parties ont express?ment exig? que les pr?sentes modalit?s et tous les documents s'y rattachant soient r?dig?s en anglais.

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