BMO Bank Bonuses: $600, $1500 Checking, Business Promotions

See the latest news for BMO Bank bonuses, promotions, and offers here.

Update 9/11/26:

• The prior checking bonus just got improved – you can now earn a $600 bonus (previously $400). Valid through 12/15/26.
• The business checking offer has been increased to up to $1500 bonus has been extended through 2/1/27.

About BMO Bank Bonuses Review

Established in 1882, BMO has over 600 locations throughout Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, and Wisconsin.

They are the 2nd largest bank in the State of Illinois where they are headquartered(Chicago). BMO offers a variety of checking and savings accounts, including Money Market, CD, and IRA products.

For their checking accounts, BMO expands its reach by joining the Allpoint ATM network, which gives you access to about 40,000 fee-free ATMs.

They also offer online and mobile tools to help you take care of most banking tasks without needing to go in-branch.

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 (Bank Locator)
• Credit Inquiry: None
• Direct Deposit Required: Yes
• How to earn it:
  • To receive the personal checking new account cash bonus of up to $600:
  • Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account; and
  • The primary applicant (first person listed on the account) must reside in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Minnesota, New Mexico, Nevada, Oregon, Utah, Washington, or Wisconsin at the time of application; and
  • Beginning the month following account opening, earn a $100 cash bonus each consecutive month you have a cumulative total of $1,000 or more in qualifying direct deposits post to your account.

(Expires 12/15/2026)

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 Financial Advisors, Inc. investment account

BMO Smart Advantage Checking Account $600 Cash Bonus

• Direct Link to Offer
• What you’ll get: $600 bonus
• Account Type: Smart Advantage Checking
• Availability: Nationwide
• Credit Inquiry: None
• Direct Deposit Required: Yes
• How to earn it:
  • To receive the personal checking new account cash bonus of up to $600:
  • Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account; and
  • The primary applicant (first person listed on the account) must reside in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Minnesota, New Mexico, Nevada, Oregon, Utah, Washington, or Wisconsin at the time of application; and
  • Beginning the month following account opening, earn a $100 cash bonus each consecutive month you have a cumulative total of $1,000 or more in qualifying direct deposits post to your account.

(Expires 12/15/2026)

How To Waive Monthly Fee

• BMO Smart Advantage Checking Account
  • No minimum balance and no monthly fees with eStatements.

BMO Smart Money Checking Account $600 Cash Bonus

• Direct Link to Offer
• What you’ll get: $600 bonus
• Account Type: Smart Money Checking
• Availability: Nationwide
• Credit Inquiry: None
• Direct Deposit Required: Yes
• How to earn it:
  • To receive the personal checking new account cash bonus of up to $600:
  • Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account; and
  • The primary applicant (first person listed on the account) must reside in Arizona, California, Colorado, Florida, Iowa, Illinois, Indiana, Minnesota, New Mexico, Nevada, Oregon, Utah, Washington, or Wisconsin at the time of application; and
  • Beginning the month following account opening, earn a $100 cash bonus each consecutive month you have a cumulative total of $1,000 or more in qualifying direct deposits post to your account.

(Expires 12/15/2026)

How To Waive Monthly Fee

• BMO Smart Money Checking Account
  • $5 monthly maintenance fee or $0 if you’re under 25

BMO Bank $1500 Business Checking Bonus

• Direct Link to Offer
• What you’ll get: Up to $1500 bonus
• Eligible account: Business Checking
• Availability: Nationwide
• 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 1, 2026 and February 1, 2027.
  • To receive a $400 bonus: On day 30 after opening the new account, your account balance must be $4,000 or more. From days 31-90, you must maintain an account balance of $4,000 or more.
  • To receive a $750 bonus: On day 30 after opening the new account, your account balance must be $25,000 or more. From days 31-90, you must maintain an account balance of $25,000 or more.
  • To receive a $1,000 bonus: On day 30 after opening the new account, your account balance must be $50,000 or more. From days 31-90, you must maintain an account balance of $50,000 or more.
  • To receive a $1,500 bonus: On day 30 after opening the new account, your account balance must be $100,000 or more. From days 31-90, you must maintain an account balance of $100,000 or more.
  • The cash bonus you qualify for will be deposited into the new checking account within 14 days of meeting the promotion requirements.

(Expires 02/01/2027)

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

• You can receive either a $400 cash bonus, a $750 cash bonus, a $1,000 cash bonus, or a $1,500 cash bonus. To take advantage of this offer, you must open your business checking account between September 1, 2026 and February 1, 2027. You can apply online or at a BMO financial center. 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. Accounts opened online on February 1, 2027 must have their applications submitted prior to 9:00 p.m. Central Time. To apply at a financial center, 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 cash 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. Cash bonus may be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. If your balance is zero, we may close your account. Offer can be changed or cancelled without notice at any time, cannot be combined with any other offer, and is limited to one cash 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 cash bonus you qualify for will be deposited into the new checking account within 14 days of meeting the promotion requirements stated above, approximately Day 104. To receive the cash bonus, you must 1) meet the associated criteria for the respective offer mentioned above, 2) your checking account must be open, 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 (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.

(No Offer Expiration Listed)

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.

• Best Savings/Money Market rates
• Best CD Account 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, 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!