BMO $1.00 Statement Fee ?

Question

I made a student account at Bank of Montreal I had no fees at all because its a student plan I had Chequing account and then I made savings account I didn't pay any fees at all and recently I have these -$1.00 Statement Fee every time they mail me my bank balance.

What is this Statement Fee ?

Answer 1

Regardless of what type of account you have, if you do not have a service charge package that INCLUDES mailed statements, you will be charged a $1 fee for having your monthly statement printed and mailed to you.  

Your other options to avoid this fee are, to either have a passbook, or print your statements yourself off the internet banking website of BMO.