See the latest news for BMO Bank bonuses, promotions, and offers here.
Current offers are $60, $400, $600 bonuses when opening an eligible checking, business checking, or savings account with qualifying activity.
About BMO Bank Bonuses Review
Harris Bank and BMO Financial Group merged in 1984 becoming BMO Bank. They have grown to become one of the largest banks in the Midwest serving personal, commercial, and affluent customers. Their banking team provides a combination of sector expertise, local knowledge, and mid-market focus throughout the nation.
I’ll review the current BMO Bank bonuses below.
BMO Relationship Account $600 Cash Bonus
- Direct Link to Offer
- What you’ll get: $600 bonus
- Account Type: Relationship Checking
- Availability: Nationwide. Branches located in AZ, FL, IL, IN, KS, MN, MO, WI
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Relationship Checking Account and get a $600 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 120 days.
| Additionally, you can take advantage of some of the best offers available for entry level checking accounts such as i>U.S. Bank Smartly® Checking ($1000 Cash Bonus), Chase Total Checking ($200 Bonus), and Bank of America Checking ($200 Bonus Offer), Axos Bank Rewards Checking ($300 Bonus). |
How To Waive Monthly Fee
- BMO Relationship Account
- $25 Monthly Maintenance Fee waived when you have one of the following: $10,000 minimum daily balance, $25,000 in combined balances with Relationship Waiver, or a BMO Harris Financial Advisors, Inc. investment account
BMO Smart Advantage Checking Account $400 Cash Bonus
- Direct Link to Offer
- What you’ll get: $400 bonus
- Account Type: Smart Advantage Checking
- Availability: Nationwide. Branches located in AZ, FL, IL, IN, KS, MN, MO, WI
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Smart Advantage Checking Account and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days.
| Furthermore, I would compare this offer to some of the best offers available. Current bonuses such as U.S. Bank Smartly® Checking ($1000 Cash Bonus), and TD Bank Beyond Checking ($300 Bonus). |
How To Waive Monthly Fee
- BMO Smart Advantage Checking Account
- No minimum balance and no monthly fees with eStatements.
BMO Smart Money Checking Account $400 Cash Bonus
- Direct Link to Offer
- What you’ll get: $400 bonus
- Account Type: Smart Money Checking
- Availability: Nationwide. Branches located in AZ, FL, IL, IN, KS, MN, MO, WI
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Smart Money Checking Account and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days.
| Additionally, you can take advantage of some of the best offers available for entry level checking accounts such as i>U.S. Bank Smartly® Checking ($1000 Cash Bonus), Chase Total Checking ($200 Bonus), and Bank of America Checking ($200 Bonus Offer), Axos Bank Rewards Checking ($300 Bonus). |
How To Waive Monthly Fee
- BMO Smart Money Checking Account
- $5 monthly maintenance fee or $0 if you’re under 25
BMO Bank $400 or $600 Business Checking Bonus
- Direct Link to Offer
- What you’ll get: $400 or $600 bonus
- Eligible account: Business Checking
- Availability: Nationwide. Branches located in AZ, FL, IL, IN, KS, MN, MO, WI
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- How to earn it:
- Open a new BMO business checking account online or in branch between September 18, 2023 and December 8, 2023.
- To receive a $400 bonus: Maintain an Average Collected Balance of $4,000 for 120 days and have 10 qualifying transactions post to the account within 120 days of opening your account.
- To receive a $600 bonus: Maintain an Average Collected Balance of $10,000 for 120 days and have 10 qualifying transactions post to the account within 120 days of opening your account.
(Expires 12/08/2023)
| For other business checking accounts, take a look at our Chase Business Checking ($300 Bonus), U.S. Bank Business Checking ($350 or $800 Bonus), Axos Bank Basic Business Checking ($200 Bonus), Axos Bank Business Interest Checking ($200 Bonus), Huntington Unlimited Plus Business Checking ($1,000 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus). |
How To Waive Monthly Fee
- Premium Business Checking: The $15 dollars monthly maintenance fee with $1,500 dollars or more Average Collected Balance for the statement period.
- Elite Business Checking: The $20 dollars monthly maintenance fee with $5,000 dollars or more in Average Collected Balance or $15,000 dollars or more in Combined Balance for the statement period
- Simple Business Checking: The $10 dollars monthly maintenance fee with $100 dollars or more in Average Collected Balance.
- Digital Business Checking: The $10 dollars monthly maintenance fee with $500 dollars or more in Average Collected Balance.
Fine Print
- 400 or $600 BUSINESS CHECKING BONUS OFFER: You can receive either the $400 bonus or the $600 bonus. To take advantage of this offer, you must open your account between September 18, 2023 and December 8, 2023. You can apply online or at a BMO branch. To apply online visit bmo.com/businesscheckingoffer and select ”OPEN NOW” for the checking account of your choice; we’ll automatically apply the promo code for you. To apply at a branch, visit bmo.com/businesscheckingoffer, enter your information, and select “SEND MY PROMO CODE” to receive the promo code you must use when opening your account.
- You are not eligible for the business checking bonus if you have an existing BMO business checking account or have closed a BMO business checking account within the past 12 months, using the same Taxpayer Identification Number (TIN)/Employer Identification Number (EIN)/Social Security Number (SSN) as the new account. Bonus will be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. Offer can be changed or cancelled without notice at any time, cannot be combined with any other offer, and is limited to one bonus per business entity.
- You are only eligible for one business checking cash bonus; you cannot open multiple checking accounts and receive multiple cash bonuses. Day 1 is the day you open your account and begins the tracking period. If you open your account on a day other than a Business Day, Day 1 is the next Business Day. The bonus you qualify for will be deposited into the new checking account within 14 days of meeting the respective promotion requirements stated above, approximately Day 130. In order to receive the bonus, you must 1) meet the associated criteria for the respective offer mentioned above, 2) your checking account must be in an open status and in good standing with a balance greater than zero on the day of payment, and 3) be either a BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account.
- The minimum deposit to open a business checking account is $100. For business checking account and fee information, including current interest rates for the variable rate BMO Elite Business Checking account, visit bmo.com or call 1-800-546-6101.
BMO Bank $60 Savings Reward
- What you’ll get: Up to $60 in rewards
- Eligible account: Savings
- Availability: Nationwide. Branches located in AZ, FL, IL, IN, KS, MN, MO, WI (Bank Locator)
- Credit Inquiry: None
- Direct Deposit Required: No
- How to earn it:
- To earn $5 monthly savings reward (times 12 months = $60 in savings rewards)
- Open a new Savings Builder account and enjoy the benefit of earning a $5 savings reward every month you grow your balance by $200 or more for the first year. Exclusions apply. Must have a minimum deposit of at least $25.
- To earn $5 monthly savings reward (times 12 months = $60 in savings rewards)
(No Offer Expiration Listed)
| Compare this savings account to alternatives like SoFi Checking & Savings (Up to $275 Bonus + 4.50% APY), Discover Online Savings (Up to $200 Bonus + 4.30% APY), Pacific Western Bank Money Market (5.25% APY) and CIT Bank Platinum Savings (5.05% APY). |
Fine Print
- You must open a new Statement Savings account between November 2, 2020 and October 29, 2021 at a BMO branch in AZ, FL, IL, IN, KS, MN, MO or WI or online.
- If you open your account online, you must reside in AZ, FL, IL, IN, KS, MN, MO or WI.
- For every month that your balance grows by at least $200, we will credit your account with a $5 bonus within 5 calendar days after the end of the month.
- To calculate if your balance has grown by $200, we will compare your balance on the last business day of the previous month to your balance on the last business day of the current month.
- Interest and bonus payments will not count towards your balance growth.
- If your balance does not grow by at least $200 in a month, you will not be disqualified for subsequent months.
- Your account is only eligible for this offer for 12 consecutive months beginning with the month your account is opened.
- If you fund your account on the day you open your account or any other day that month, your opening deposit will count towards your balance growth for the first month of this offer.
- If your account is not funded until the next month, you will only be eligible for 11 consecutive months of rewards.
- Accounts opened online may have a delay in initial funding.
BMO Bank Online Savings
BMO Bank CD
Conclusion
If you live near a BMO Bank location, you have the opportunity to earn an attractive bonus. Keep in mind, some of the promotions on this post are for business owners or employees of a business affiliated with BMO. In my opinion, the bonuses are attractive because they are soft pull, so it won’t hurt your credit score.
Feel free to comment on this post with any questions you may have about BMO Bank, their accounts they offer, or any experiences you have had!
Although these bank promotions are rather generous, you can also take advantage of our list of Savings, Money Market, and CD rates.
If you don’t live in the available areas, be sure to check out our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo, Bank of America, CIT Bank, Citi and many more.
Check back often for more BMO Bank Bonuses, Promotions, or Offers!
BMO’s 800 phone number doesn’t work. You call and press the option to speak to someone about opening an account and get told it’s not in service. Neither can I seem to locate any branch near me. What poor marketing. Maybe they can’t even afford to pay everyone interested in the bonus offers.
I don’t see the requirement to maintain $5,000 in Platinum Money Market account for 90 days to get an additional $100 for BMO $500 bonus package though.