BMO Digital Business Checking vs Tailored Checking: which one fits your business?
Side-by-side comparison of BMO Digital Business Checking and Tailored Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: Tailored Checking wins on our scorecard (7.6/10 vs 7.3/10).
| Scored on | BMO Digital Business Checking | Tailored Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 6 | 7 |
| Fees & pricing | 9 | 8 |
| Customer support | 6 | 5 |
| Features | 7 | 9 |
| Monthly Maintenance Fee | $0 | $10 (waived with $500 balance) |
| Minimum Opening Deposit | $100 | $100 |
| Free Transactions (Monthly) | 200 | — |
| Domestic Outgoing Wire | Approx. $30 | $20 |
| Cash Deposit Limit (Free) | Up to $3,000 (varies by region) | — |
| ATM Fees | — | $0 (Plus unlimited rebates) |
| Cash Deposit Fee | — | $0 (at partner ATMs) |
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.
Tailored Checking in one paragraph
A powerhouse for cash-back seekers that turns boring overhead into a small revenue stream.
Skip it if: You handle more than $2,000 in physical cash per month or need immediate phone support.
Frequently asked questions
Which is better, BMO Digital Business Checking or Tailored Checking?
On our five-axis scorecard, Tailored Checking scores higher (7.6/10 vs 7.3/10). A powerhouse for cash-back seekers that turns boring overhead into a small revenue stream.
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 Tailored Checking?
You handle more than $2,000 in physical cash per month or need immediate phone support.