BMO Harris Bank has about 600 locations in the Midwest. Their Smart Advantage checking account comes with no fees and balance requirements if you get eStatements. Plus, their Savings account just need about $100 to open. Normally, the Special CD Rates need at least a $5k deposit to open.
Meanwhile, Bank of America is one of the biggest, well-known banks in the United States. With more than 5,000 branches, their customer service is amazing with extended hours. BOA offers many products such as checking, savings, CD, and many more accounts to provide.
Read below for more information on both Bank of America & BMO Harris Bank.
| BONUS LINK | OFFER | REVIEW |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
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| Bank of America | BMO Harris Bank | |
| Locations | Nearly 5,000 branches
(Locator) |
Nearly 600 branches
(Locator) |
| ATMs | Over 16,000 ATMs | About 1,400 ATMs |
| Savings | 3/5 | 2/5 |
| CD | 2/5 | 4/5 |
| Checking | 2.3/5 | 3/5 |
| Money Market | — | 3/5 |
| Customer Service | 4/5 | 3.2/5 |
| Mobile App | 4.3/5 | 3/5 |
| Pros | -National availability -Extended customer service hours -Full Service bank |
-Free checking with eStatements -High APY for CD Accounts -Good financial utensils |
| Cons | -No free checking
-Low interest rates -Many misc. banking fees |
-Limited branches
-Low savings APY |
| Bottom Line | Bank of America has great nationwide accessibility and services. | BMO Harris Bank has excellent CD accounts and financial tools. |
Comparing Both Banks
Bank of America is available nationwide and offers user-friendly online banking. Both BOA & BMO Harris Bank will offer plenty of financial products such as checking, savings, CD, IRAs, etc. BMO Harris Bank has a better rate on majority of their products when you compare it to Bank of America. However, Bank of America has better customer services and online banking.
BMO Harris has a vast variety of personal deposit products and features that Bank of America does not offer. Check out the options below.
Different Bank Accounts
There are plenty of different accounts to choose from when it comes to BMO Harris Bank. Checking accounts like: the Smart Money, Smart Advantage, or Premier account offer lots of features and benefits their customers like. Their CD account is better than most of the other ones that they offer. With competitive rates, and great perks, members are able to save money securely.
Now, with Bank of America, they only offer one checking account with 3 different settings. This way, if something changes financially for you, just change the setting to what works best. These settings are: Advantage SafeBalance, Advantage Plus Banking, & Advantage Relationship Banking. Each setting will come with different features and perks.
Conclusion
Now, deciding whether to pick Bank of America or BMO Harris Bank is made easier. Notice that many of the financial products that Bank of America offers is rated lower than BMO. However, both institutes are still great places to open a bank account. With the different services and products each have to offer, members are satisfied either way.
Furthermore, check out our list of the best bank account bonuses & savings account offers.
