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BMO Checking Account Review Pros and ConsBill payments must be of minimum $50 each in order to qualify for the offer. Can I pay the same bill payment twice? By day 30 after opening the new account, your account balance must be $25, or more. From days , you must maintain an account balance of $25, or more. BMO Smart MoneyTM Account � $5 monthly service fee (waived if you're under 25), plus $2 monthly for paper statements. � $25 minimum opening deposit. � No overdraft.