Parents – Reward Yourself When You Set Your Student Up for Success


Did you know that preparing your child for school this way could put up to $350* back into your pocket?

Post-secondary brings a new set of challenges for both students and their parents. At the top of that list is money: finding it, managing it, and using it wisely. So what if we told you that we found a win-win solution to a couple of common money problems for parents as their children start university or college?

Problem #1: Your Child Needs a Good Bank Account Before Starting School

This one is a given. Whether it’s for school expenses like textbooks or just some late-night slices of pizza, your student is going to need access to some handy spending money. And no, the account you opened for them over a decade ago probably won’t cut it anymore.

But where do you even start looking?

If you’re offering to help them out with this, it can be a big ask. That’s why we found something that might make it worth your while to step in and assist. Hold onto that thought for a moment.

Problem #2: You’re About to Pay a BIG Tuition Bill

Okay, this is a bit of a bigger deal. Tuition is not cheap but since you’re here looking for scholarships, you probably already know that. Maybe they had a part-time job and are chipping in, maybe they secured a student loan, or maybe you’re stepping up and paying the bulk of it.

Good for you.

No matter how you’re making it happen, they’re looking forward to a big opportunity and that’s a great thing. But we also can’t ignore the fact that you may be about to drop thousands of dollars on one of the larger purchases you’ll make in your life. And your pockets might be feeling a little light pretty soon.

Solution: A Banking Offer That Pays You to Open an Account for Them

This brings us back to why we’re here. Because we have a way to not only set them up with the bank account they’ll need to live their student life to the fullest, but we also found a way to put up to $350* back into your pocket.

We like to call that feeding two birds with one scone.

If that sounds appealing to you, you’ll want to look into claiming the BMO Chequing Account Ft. Family Bundle Offer. Here’s how:

  1. Qualify for the Chequing Account Offer by opening a new BMO Performance Chequing Account and completing the relevant steps.
  2. Add a new family member chequing account to your BMO Family Bundle by July 4, 2021.
  3. Wait for your funds to be deposited into your account and start enjoying the perks.


Set it up so your family (including you) can all enjoy the benefits of daily banking without fees* while still enjoying the privacy of separate chequing accounts. BMO likes to say that this makes saving money a family affair since there’s only one monthly fee* for your entire home!

Interested? What would you do with your $350*?

For information on how to add a family member to an eligible plan, visit

*Conditions apply. Visit for full details.