BMO overdraft protection is a credit limit that covers non-sufficient funds commissions, declined operations, returned drafts, etc.
BMO overdraft fee is 5 CAD monthly, the overdraft limit varies from 500 to 2 500 CAD, interest rate depends on your financial score.
To apply for the overdraft from BMO, a customer should dial 1‐888‐340‐2265, fill out the form in the online banking, or visit the nearest branch.