BMO Bank Bonus: Checking Account Up To $600 Offers – Ends 10/31/24

Get a BMO Bank bonus when you complete an account opening for a checking account before 10/31/24. Choose from a variety of offers tailored to meet your banking needs. Earn up to a $600 cash bonus.

Introduction: BMO’s Exclusive New Checking Account Bonus Offers

Looking for a great reason to switch to BMO? Now’s the perfect time! BMO is offering a fantastic promotion for new checking accounts, allowing you to earn up to $600.

Whether you’re looking at BMO Relationship Checking, Smart Money Checking, or Smart Advantage Checking, you could earn a combination of cash bonuses and digital gift cards worth up to $600 by completing a few simple steps.

With this limited-time offer running from September 10, 2024, to October 31, 2024, it’s the perfect opportunity to maximize your rewards with BMO. Let’s dive into the details of this exciting promotion and how you can take full advantage!

Recent Updates

• Update 9/10/2024: The offer has increased, you can now earn up to $600. See the details below.
• Update 5/6/2024: The BMO Bank Summer Campaign has begun. You can earn either a $350 or $500 bonus! This is an increased from the previous order.
• Update 5/3/2024: The current $250 or $400 BMO promos have ended. Beginning May 6, 2024, there will be a new promotion that will offer a bonus of up to $500. Stay tuned for the update.
• Update 1/1/2024: The offer is now a $250 or $400 bonus. One of the best bonuses for a new checking account.
• Update 12/9/2023: The up to $600 bonus offer has ended.
• Update 12/5/2023: The offer expiration date is fast approaching. Hurry to take advantage of this limited-time offer by 12/8/2023.
• BMO Digital Business Checking: Earn a $300 bonus by opening a new BMO Digital Business Checking account and meeting specific criteria such as maintaining a minimum balance and completing qualifying transactions.

BMO Bank Bonus

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.

Account Features

BMO Smart Advantage Checking – This checking account has no monthly fees when you sign up for paperless statements. The monthly fee for paper statements is automatically waived if you opt to go paperless through your BMO Digital Banking preferences or if any individual associated with your account is 65 years or older. The monthly fee for check images is automatically waived if you opt to go paperless through your BMO Digital Banking preferences.

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.

And don’t forget there’s a BMO Bank bonus to take advantage of.

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

Bonus Tip: Maximize Your Earnings with the BMO Savings Builder Account

The BMO Savings Builder account provides a unique opportunity to earn up to $60 in bonuses during your first year. By increasing your account balance by at least $200 each month, you’ll receive $5 per month for 12 months. This structure sets it apart from traditional savings accounts, which often have one-time bonuses or require maintaining a minimum balance for a set period.

Unlike other banks that offer a flat bonus just for opening an account, BMO rewards consistent savings growth over time, making it an ideal choice for those looking to build their savings steadily.

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.

I liked that I got a BMO bank bonus but at that time it was a $600 offer. Then shortly after the deal expired. Fortunately, it nos back to $600 (so hurry before it expires again!) The promotion does 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. From a personal perspective, the business checking account options offered by BMO also provide various benefits, such as different bonus amounts based on maintaining a specific average collected balance and a number of free transactions, which can be very advantageous for business owners.

READ MORE: SEE MORE BMO BANK BONUSES HERE

READ MORE: SEE THE BEST BANK BONUSES HERE

By Tony Jay, a seasoned finance blogger and executive editor, who boasts over two decades of experience in the banking sector, with a specialization in online banking and savings strategies. Tony holds a doctoral degree from Tulane University. Edited by John Huynh, who brings more than two decades of experience in finance and investing, including as a senior finance and operations manager at a renowned research institute and degrees in economics and international studies from UC Irvine.