Get new BMO Bank promotions, bonuses and offers here for their checking, savings and business accounts here.
Typical bonuses have been for $200, $250, $350, $400 and up to $600 in cash.
Article Contents
BMO is headquartered in Chicago, and it has about 500 branches in 10 states.
BMO has made it easier for people to use their checking accounts by joining the Allpoint ATM network. This gives you access to about 40,000 ATMs that don’t charge you a fee.
You can also do most of your banking online or on your phone, so you don’t have to go into a branch.
BMO has personal checking accounts, savings accounts, MMAs, CDs, business and commercial accounts, home and car loans, credit cards, and IRAs.
Find the latest sign-up bonuses and other promotions for deposit accounts from BMO below.
Best BMO Promotions
BMO Bank Checking $400/$600 Offers
How To Earn The Bonus:
- Choose from one of the following offers:
- 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 120 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 120 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 120 days.
- Where it’s available: Nationwide
Offer Expires: December 8, 2023
Get The Offer:
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:… GET OFFER
BMO Business Checking $400 & $600 Bonuses [Nationwide] – Ends 12/8/23
Earn either a $400 or $600 bonus for a new business checking account with this offer from BMO. You'll need to maintain a balance or either $4,000 or $10,000 for 120 days depending on the offer. Ten qualifying transactions will… GET OFFER
BMO Premium Rewards Mastercard 35,000 Bonus Points ($435 Value)
The BMO Premium Rewards Mastercard has an offer for 35,000 bonus points when you spend $5,000 within the first three months (ways to meet this spending requirement). According to BMO, this welcome offer is worth over $435 when you redeem… GET OFFER
BMO Business Platinum Rewards Mastercard® 100,000 Bonus Points
Get rewarded with up to 100,000 points in your first year with the BMO Business Platinum Rewards Mastercard®. Get 50,000 points as a welcome bonus upon spending $5,000 within 3 months of activating your account. Plus, an additional 50,000 bonus… GET OFFER
BMO Cash Back Mastercard $200 Bonus Cash
The BMO Cash Back Mastercard has an offer for $200 bonus cash when you spend $2,000 within the first three months (ways to meet this spending requirement). Although not the best bonus out there, it's a pretty nice deal for… GET OFFER
BMO Platinum Rewards Mastercard 25,000 Bonus Points ($300 Value)
The BMO Platinum Rewards Mastercard has an offer for 25,000 bonus points when you spend $2,000 within the first three months (ways to meet this spending requirement). According to BMO, this welcome offer is worth over $300 when you redeem… GET OFFER
READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
BMO Personal Checking Accounts
Here are the personal checking accounts available from BMO:
- BMO Smart Advantage Checking: This account has a $0 monthly service fee, no minimum balance requirement, and a minimum opening deposit of $25. It’s the bank’s most popular checking account. Get fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide.
- BMO Smart Money Checking: The $5 monthly maintenance fee for this account is waived for those under 25 years of age and the minimum opening deposit is $25. This account also has no overdraft or NSF (Non-Sufficient Funds) fees. Get fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide.
- BMO Relationship Checking: You can waive the $25 monthly fee on this account by having a daily ledger balance of $10,000 for the previous calendar month, OR by having a monthly combined balance of $25,000 for the previous calendar month. This account has extra benefits the more you have on deposit. Get unlimited non-BMO ATM transactions* and surcharge** fee rebates on non-BMO ATMs.
- *No BMO fee; however, the ATM operator or network may charge you a surcharge fee for a transaction or balance inquiry.
- ** Rebate of up to $25 per statement period on ATM surcharge fees charged by other banks, and more.
READ MORE: CHASE IS OFFERING A GREAT PROMO ON THEIR PERSONAL CHECKING ACCOUNTS
About BMO Bank Promotions
BMO Bank often gives new customers cash bonuses if they meet certain requirements. Keep your eye out on our page for updated offers.
If you see one, make sure you know when the deal ends to act accordingly.
To take advantage of the bonus deal, you can open an account online in just a few minutes.
READ MORE: SEE THIS LATEST BONUS OFFER FROM U.S. BANK
How Can You Get A BMO Bank Bonus?
The requirements for BMO promotions are relatively simple. For checking account bonuses, you’ll generally need to do the following:
- Open a new checking account with a promo code. The code is automatically applied when you open directly from the offer page. To open in-branch, you can enter your contact details on the offer page to receive a promo code.
- Receive direct deposits totaling a specified dollar amount or maintain a minimum balance for the stated duration.
- Bonus offers are frequently updated so read the terms carefully for each offer.
For the savings account bonuses, you’ll generally need to:
- Open a new account.
- Deposit to your savings balance a certain dollar amount every month.
- Read the terms for each particular offer.
READ MORE: THIS IS ONE OF THE BEST PROMOTIONS EVER FROM TD BANK
Important Details To Know About BMO Offers
You May Have To Pay Taxes On The Bonus
When you open a BMO account and get a cash bonus, that cash bonus report will be sent to the IRS so that it can be taxed. The bank tells you that you are responsible for taxes and that the cash bonus is not part of the opening deposit for your account.
You Can Only Get One Bonus Per Account Type
For example, you may be able to open more than one checking account with BMO, but bonuses are limited to one per customer.
Existing personal checking customers can’t qualify for personal checking bonuses. Also, you can’t qualify for a personal checking promo if you’ve closed a BMO personal checking account within the past 12 months.
The same limitations usually apply to business accounts and savings accounts. You’ll need to read the terms of each offer.
READ MORE: IF YOU’RE LOOKING FOR AN ONLINE BANK, AXOS HAS A WELCOME BONUS
Bottom Line
BMO Bank is a large financial institution that offers a wide range of banking products and services to individuals and businesses.
Overall, BMO Bank seems like a reliable and comprehensive banking option for customers in the Midwest and Southwest United States.
I would recommend considering BMO Bank as a banking option and researching the terms and fees of their accounts, as well as comparing them to other banks and credit unions in your area.
READ MORE: THIS IS ONE OF BANK OF AMERICA’S TOP PROMOTIONS
Frequently Asked Questions (FAQ)
What types of accounts does BMO offer?
BMO offers a variety of personal and business banking accounts, including checking and savings accounts, credit cards, mortgages, auto loans, and investment accounts.
How can I apply for a BMO account?
You can apply for a BMO account online, over the phone, or in-person at a BMO branch.
Are there any fees associated with BMO accounts?
BMO charges fees for certain types of transactions and account activities, such as monthly maintenance fees, non-sufficient funds fees, and foreign transaction fees. These fees may vary depending on the type of account.
Does BMO offer online and mobile banking?
Yes, BMO offers online and mobile banking services, allowing customers to access their accounts, pay bills, and deposit checks remotely.
How can I find a BMO branch or ATM near me?
You can use the BMO branch and ATM locator tool on their website or mobile app to find the nearest branch or ATM.
How do I contact BMO customer service?
You can contact BMO customer service by phone, email or through the website and mobile app.
I just saw a BMO ad about their savings bonus.
I Thought, wow! Let me check that out.
Am SO, SO glad I read these reviews first.
Thanks to all who commented, I have been spared getting scammed.
I will NEVER do business with them.
I opened a smart advantage checking account with BMO Harris after clicking one of their online ads in April 2029 because they promised $300 bonus. I fulfilled each and every requirement and time limits they set. Over 130 days passed since. Numerous calls to their ‘customer service’ line, emails has not produced a result. The BMO Harris bank lied to me to bring my business to them. They promised bonus. They have not delivered. No response why they have not from the customer service line.
Avoid BMO Harris bank if you want the bonus because they do not honor their word.
I’m surprised that they gave you no reason for not paying the bonus. When they cheated me out of my bonus, they DID gave me a reason. Their business checking bonus in summer 2019 required an “opening deposit” of $5000. When they stalled me taking a couple weeks to get the account open, the branch rep then told me to make my FIRST deposit as my “opening deposit” of $5000 and assured me that it would count as the opening deposit required in that promo I deposited the 5000 immediately. Then after they had my $5000 for 90 days and my compliance with all other requirements (on line banking, 10 electronic transactions etc) they decided it would not count as the opening deposit even though it was the very first deposit and was made pursuant to bank instructions. While I argued with them for six months, they changed the promo to remove the words “opening deposit” and allow 30 days to make the opening deposit, a clear requirement I would have met, but they still insisted on claiming that I didn’t make an opening deposit and denying me my bonus based solely on that. MY $5000 deposit was considered a non-opening deposit even though it was the very first deposit and the promo as written had no deadline for making the deposit, 30 days or otherwise. This was all clearly explained to BMO by me numerous times on phone and in writing, but they still refused to pay.
I signed up for a BMO Account and met all of the terms of the bonus offer, with the exception of my account being open. That’s right. They closed my account just to avoid paying me the bonus. AVOID BMO like the plague and do your business elsewhere. These bonus offers aren’t work the paper they are printed on.
Wow, I’m sorry to hear that happened to you. I typically hear good things about BMO honoring their bonus offers. Hopefully this doesn’t become a trend…
I opened the BMO business checking pursuant to the bonus offer last July. The promo at that time required that the “opening deposit” be $5000 so I explicitly and carefully received guidance from the branch rep named Ruquia that I could accomplish this with an online transfer. They stalled me on getting the account open for a couple weeks until Ruquia gave me the all clear and assured me I could make my first “opening deposit” of $5000 with an ach transfer in to qualify as the opening deposit for the promo. After I did that promptly in two days, and kept the funds there for the 90 days required, they decided to refuse to pay me the promo claiming that my first deposit was not an “opening deposit” but some other kind of deposit. I provided emails and records that showed that I had requested and followed guidance from Ruquia to meet the requirements, and BMO branch managers after pretending to listen to me still refused to get this resolved to pay the promo.
DON’T TRUST their promises.
(I have had no problem getting my promos from other banks)
7/29/16: Phone Rep said — “it’s a * HARD TransUnion pull * — only ‘pre-approved Offers’ get Soft-pull”
FYI, while my FICO is sub 600, I rarely am denied setting up a New Ck’g Acct; I’ve setup 15 or so new Acct’s, in last 18 mo’s. Thus, just I ‘avoid Hard Pull requirements’.
Thanks for the tip Bill!