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BMO Bank account Statement - How to download BMO Bank Of Montreal account summary statement online21 days. You will benefit from an interest-free grace period of at least 21 days if you pay off your balance in full by the payment due date. You have a day grace period to withdraw funds, make an additional deposit, or close your CD account after it matures. Pros and Cons of BMO Bank CDs. Pros. If you do not pay your balance due in full, your grace period will increase to.