BMO Bank Bonuses: $400, $750 Checking, Business Promotions

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

Update 5/5/25: You can now earn a $400 bonus (previously $350) when you open a new checking account and complete qualifying activities. The $750 business checking bonus has been extended through 9/2/25.

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 $400 Cash Bonus

• Direct Link to Offer
• What you’ll get: $400 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 $400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 – 9/8/25.

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
• 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 cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 – 9/8/25.

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.
  • 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 09/02/2025)

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 May 1, 2025 and September 2, 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 September 2, 2025 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 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. Bonus may 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.
• On Day 30, the balance of your account will determine if you are eligible to receive the Tier 1 cash bonus offer of $350 or the Tier 2 cash bonus offer of $750. To receive a cash bonus, you must maintain the minimum daily balance requirement in your business checking account for the assigned cash bonus tier from Day 31 through Day 90 ($4,000 or $25,000). If the balance in your business checking account drops below the assigned tier minimum between Day 31 and Day 90, you will be paid the cash bonus of the lower bonus tier your balance drops to. If the balance in your business checking account goes above the assigned bonus tier maximum between Day 31 and Day 90, you will not be paid a higher cash bonus.
• Example: On Day 30, you are in Tier 2 for the $750 cash bonus. If your balance from Day 31 through Day 90 remains at or above $25,000, you will be paid the $750 cash bonus. If your balance drops below $25,000 on any day from Day 31 through Day 90, but remains at or above $4,000, you will be paid the $350 cash bonus.
• 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.
• Accounts are subject to approval and are provided in the United States by BMO Bank N.A. Member FDIC

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 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.

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.

• 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, 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!