BMO US overdraft fee
This page is BMO Bank N.A. in the United States, not BMO in Canada. Smart Advantage prints a $20 overdraft fee with a three-item cap. Smart Money prints no fee when it returns or pays an item that overdraws the account. The monthly fee is on how to avoid the BMO monthly fee in the US. The wider table is US overdraft fees by bank.
Last updated: October 22, 2026
Last checked: Oct 2026
Smart Advantage Checking
Opened 22 October 2026. The dollars are on the BMO Smart Advantage Checking disclosure, headed BMO Smart Advantage Checking 106, page 2 of 5, dated 08/26. Member FDIC. The overdraft fee is $20 per item. BMO charges no more than three per business day. The fee is charged when the account is overdrawn by more than $20 after all items post.
There is no fee if the item is $5 or less. There is no fee if the account is overdrawn by $20 or less at the close of the business day the item is presented, or by $20 or less at the close of the next business day. There is no fee if three fees were already charged that day, if the item is a bank fee, if it was previously returned unpaid, or if there were sufficient available funds when it was authorized. There is no fee on an ATM or everyday debit card transaction when you have not opted in.
Returned unpaid items have no fee. The default for ATM and everyday debit is to decline them, at $0. If you opt in, those items are $20 each, with the same three-a-day cap. Opt in or out at bmo.com or BMO Bank by Phone, 1-888-340-2265, ATM/Debit Card Services menu. Overdraft Funding and an Overdraft Protection Line of Credit are optional. The line of credit needs approval. More detail is at bmo.com/overdraft.
| Account | What BMO prints |
|---|---|
| Smart Advantage, overdraft fee | $20 per item |
| Smart Advantage, daily cap | 3 per business day |
| Smart Advantage, when the fee is charged | Overdrawn by more than $20 after posting |
| Smart Advantage, item of $5 or less | No fee |
| Smart Advantage, returned unpaid item | No fee |
| Smart Money, returned or paid overdraft | No fee |
Smart Money Checking
The Smart Money disclosure, headed BMO Smart Money Checking 155, page 2 of 4, dated 08/26, says BMO will return checks, automatic bill payments, and other transactions that overdraw the account. It will decline ATM and everyday debit card transactions that may overdraw the account. There is no fee when an item is returned. If an item cannot be returned and is paid, there is no fee.
New optional overdraft protection cannot be added to Smart Money after 6/12/21. This page does not use the Wealth Checking schedule. That is a different account. Asking BMO to remove a fee already charged is a request. BMO can say no.
The line on your own statement is the one that counts. Upload it on the upload page. The PDF stays on your device. Expenvo lists the lines. It does not call the institution.
Questions
- How much is a BMO Smart Advantage overdraft fee?
- The 08/26 disclosure prints $20 per item, and no more than three per business day, when the account is overdrawn by more than $20 after all items post.
- Does BMO Smart Money charge an overdraft fee?
- The Smart Money disclosure prints no fee when an item is returned, and no fee if an item cannot be returned and is paid.
- Is this the Canadian BMO NSF fee?
- No. This page is BMO Bank N.A. in the United States. A Canadian BMO statement uses the Canadian NSF page.
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