BMO Bank Checking Bonus: $400 & $600 Offers – Ends 12/8/2023

Earn either a $400 bonus or a $600 bonus for a new checking account from BMO. Full details below!

• Update 9/18/2023: The offer has been extended until 12/8/2023 and the bonus amounts increased by $100 for each offer.
• Update 8/18/2023: The offer has been extended until 9/15/2023. See details below.
• Update 5/15/2023: The offer has been extended until 7/14/2023 with increased bonus amounts. Details below.
• Update 1/19/2023: Offer has been extended until 5/12/2023. Details below.

Direct deposit will be required for this offer form BMO. The checking account options for this promotion include basic options for everyday banking to a premium option for more benefits.

How To Earn The Bonus

Qualifying direct deposits will be required for earn the bonus with your chosen offer.

Here are the details:

• BMO Smart Advantage Checking: Get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
• BMO Smart Money Checking: Get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
• BMO Relationship Checking: Get a $600 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.

CHOOSE YOUR ACCOUNT OPTION BELOW TO EARN THE BONUS:

• BMO Smart Advantage Checking Offer
• BMO Smart Money Checking Offer
• BMO Relationship Checking Offer

Account Features

BMO Smart Advantage Checking – This checking account has no monthly fees when you sign up for eStatements. Signing up for eStatements will also avoid the $2 paper statement fee.

You’ll have access to over 40,000 Allpoint network ATMs nationwide for fee-free transactions. There are no fees for withdrawals and deposits at BMO branches or ATMs.

BMO Relationship Checking – This is the bank’s premium checking account option, which comes with a few extra customer benefits, such as Relationship Packages – which offer higher levels of benefits the more you bank with them. The account does have a $25 monthly maintenance fee. You can waive this fee when you have one of the following each month:

• A $10,000 minimum daily Ledger Balance for the previous calendar month
• $25,000 in Monthly Combined Balance for the previous calendar month

Features we like include unlimited non-BMO ATM transactions and $25 in monthly rebates on ATM surcharge fees charged by other banks. Fees are also waived on Cashier’s Checks, Money Orders, paper statements and more.

BMO Smart Money Checking – This account has no overdraft fees and no NSF (non-sufficient funds) fees. There is no minimum balance required and no monthly maintenance fee for those under 25 years old, otherwise it’s $5.

You’ll also have unlimited fee-free transactions at over 40,000 Allpoint network ATMs nationwide with this account.

READ MORE: ALSO SEE OTHER POPULAR OFFERS FROM CHASE, BANK OF AMERICA, TD BANK AND MORE.

My Impression Of The Offer

After considering the options, I decided to go with the BMO Relationship Checking account. It’s important to note that there are no state restrictions on the bonuses.

In my experience, BMO has been reliable and problem-free, and the Relationship Checking account provides a good balance of features that suit my needs. I’ve found the ATM fee rebates to be especially helpful since I occasionally use non-BMO ATMs.

That being said, the promotions do require qualifying direct deposits within the first 90 days. Additionally, the bonuses are taxable, so I had to report mine on my taxes.

Remember that each checking account option has its own set of requirements for waiving fees, so carefully consider which account is best for your situation. While the Relationship Checking works well for me, the Smart Advantage Checking and Smart Money Checking might be a better fit for others, depending on their banking needs and preferences.

My experience with the account has been positive overall. However, I would encourage anyone considering opening an account to weigh the pros and cons of each option to determine which account best aligns with their financial goals and banking habits.

OPEN AN ACCOUNT TODAY BEFORE THE OFFER EXPIRES:

• BMO Smart Advantage Checking Offer
• BMO Smart Money Checking Offer
• BMO Relationship Checking Offer

More from BMO:

• BMO Business Checking $400 & $600 Bonuses [Nationwide] – Ends 12/8/23
• Best BMO Bank Bonuses September 2023 ($400, $600 & More)
• BMO Platinum Rewards Mastercard 25,000 Bonus Points ($300 Value)
• BMO Cash Back Mastercard $200 Bonus Cash
• BMO Business Platinum Rewards Mastercard® 100,000 Bonus Points
• BMO Premium Rewards Mastercard 35,000 Bonus Points ($435 Value)

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.