BMO Digital Business Checking vs Small Business Checking: which one fits your business?
Side-by-side comparison of BMO Digital Business Checking and Small Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: it's a tie on our scorecard — pick on fit, not score.
| Scored on | BMO Digital Business Checking | Small Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 6 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 6 | 6 |
| Features | 7 | 8 |
| Monthly Maintenance Fee | $0 | $10 (Waivable) |
| Minimum Opening Deposit | $100 | — |
| Free Transactions (Monthly) | 200 | — |
| Domestic Outgoing Wire | Approx. $30 | $30 |
| Cash Deposit Limit (Free) | Up to $3,000 (varies by region) | — |
| Min. Balance to Waive Fee | — | $500 |
| Free Transactions | — | 150 per month |
| Cash Deposit Limit | — | $5,000 per month |
BMO Digital Business Checking in one paragraph
A reliable, $0-per-month 'real bank' account that is perfect for low-volume service businesses located near a physical branch.
Skip it if: Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Small Business Checking in one paragraph
A solid, low-hurdle traditional account for cash-heavy local businesses that can maintain a $500 balance.
Skip it if: You run a high-volume e-commerce store with more than 150 transactions per month.
Frequently asked questions
Who should skip BMO Digital Business Checking?
Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Who should skip Small Business Checking?
You run a high-volume e-commerce store with more than 150 transactions per month.