See the latest news for BMO Bank bonuses, promotions, and offers here.
Update 11/6/24: The business checking bonus has been extended through 2/1/25 and there’s a $300 cash bonus when you open a new checking account and complete qualifying activities available through 2/3/25.
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 Smart Advantage Checking Account $300 Cash Bonus
- Direct Link to Offer
- What you’ll get: $300 bonus
- Account Type: Smart Advantage Checking
- Availability: Nationwide
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Smart Advantage Checking Account and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
KeyBank 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 $300 Cash Bonus
- Direct Link to Offer
- What you’ll get: $300 bonus
- Account Type: Smart Money Checking
- Availability: Nationwide
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Smart Money Checking Account and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
Bank of America Checking ($300 Bonus Offer) | Truist Checking ($400 bonus) |
SoFi Checking & Savings Account ($325 bonus) |
How To Waive Monthly Fee
- BMO Smart Money Checking Account
- $5 monthly maintenance fee or $0 if you’re under 25
BMO Bank $350 or $750 Business Checking Bonus
- Direct Link to Offer
- What you’ll get: $350 or $750 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 10, 2024 and February 1, 2025.
- To receive a $300 bonus: By day 30 after opening the new account, your account balance must be $4,000-$24,999.99. From days 31-90, you must maintain an account balance of $4,000 or more.
- To receive a $750 bonus: By 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.
(Expires 02/01/2025)
Chase Business Checking ($300 or $500 Bonus) | U.S. Bank Business Checking ( $500 or $900 Bonus) |
Axos Bank Basic Business Checking ($400 Bonus) | Axos Bank Business Interest Checking ($400 Bonus) |
Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
Bluevine Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
Axos Business Premium Savings ($375 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
- You can receive either a $350 cash bonus or a $750 cash bonus. To take advantage of this offer, you must open your business checking account between September 10, 2024 and February 1, 2025. 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. Accounts opened online on the final day of the promotion must have their applications submitted prior to 9:00 p.m. CT. 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 or a Bank of the West 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 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 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.
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.
- To earn $5 monthly savings reward (times 12 months = $60 in savings rewards)
(No Offer Expiration Listed)
Western Alliance Bank High-Yield Savings Premier (4.30% APY) | Live Oak Bank Savings ($300 Bonus + 4.20% APY) |
SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.55% 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 Relationship Account $500 Cash Bonus + $100 Gift Card Bonus (Expired)
- Direct Link to Offer
- What you’ll get: $500 bonus + $100 Digital Gift Card Bonus
- Account Type: Relationship Checking
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: None
- Direct Deposit Required: Yes
- How to earn it:
- Open a new BMO Relationship Checking Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.
- Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
Bank of America Checking ($300 Bonus Offer) | Truist Checking ($400 bonus) |
SoFi Checking & Savings Account ($325 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 Financial Advisors, Inc. investment account
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.