Discover the latest BMO Bank bonuses and promotions for checking, savings, and business accounts. Learn more about how you can take advantage of these exciting BMO Bank deals.
Key Takeaways
- BMO Bank offers lucrative bonuses for new checking and business accounts.
- Personal checking account bonuses range from $250 to $600, with qualifying direct deposits within the first 90 days.
- Business checking accounts can earn you a bonus of up to $750, depending on your balance maintenance and qualifying transactions.
- No BMO fees for ATM transactions within the Allpoint® network, plus additional benefits for Relationship Checking Account holders.
- Learn the steps to qualify for bonuses and avoid fees with BMO’s banking products.
Introduction: How Can You Earn Up To $750 From BMO Bank Bonuses?
If the idea of earning extra cash while managing your finances appeals to you, BMO Bank’s (formerly BMO Harris Bank) latest bonus offers might just be what you’re looking for.
Imagine opening a new checking account and finding yourself hundreds of dollars richer simply for meeting straightforward requirements. This isn’t just a dream; it’s a reality for those who take advantage of BMO Bank’s promotions.
Whether you’re eyeing a personal checking account with up to a $500 bonus or aiming for the $750 peak with a business checking account bonus, BMO has tailored these offers to enrich your banking experience. Established in 1817, BMO Bank has a long history of serving its customers’ financial needs with a wide array of products and services, now coupled with enticing bonus offers.
Are you ready to make the most of these bank bonuses? Let’s explore how you can secure the latest offers with BMO Bank.
Recent Updates
- Update 9/25/2024: The new offers from BMO Bank are better than ever. Be sure to check them out.
- Update 5/6/2024: The bonus amounts for personal checking accounts increased to $350 and $500. See details below.
Best BMO Bank Bonuses & Promotions
Earn up to $750 with these limited-time offers from BMO Bank! You can get up to $500 for a personal checking account & up to $750 for a business checking account. Click one of the links below for more information.
BMO Bank Checking Up To $600 Offers
How To Earn The Bonus:
- Open a New Account: To qualify for the cash bonus, you need to open a new BMO checking account (Relationship, Smart Money, or Smart Advantage) between September 10, 2024, and October 31, 2024.
- Complete the Qualifying Activities: To earn the $250 or $500 cash bonus, you’ll need to complete the specific qualifying activities tied to your new account. These activities include setting up direct deposits totaling a specified amount. Go to the offer links below to learn what the qualifying activities are for your chosen account.
- Meet with a BMO Banker: After opening your account online, schedule a meeting with a BMO banker to discuss your financial priorities. Doing so will unlock an additional $100 digital gift card.
- Where it’s available: Nationwide
Offer Expires: October 31, 2024
Get The Offer:
BMO Business Account Promotions: $750 Business Checking Bonus [Nationwide] – Ends 10/31/2024
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BMO Smart Money Checking Account Review: Ideal For Under-25s & Score a $600 Bonus
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BMO Smart Advantage Checking Review: Up To $600 Sign Up Bonus & No Monthly Fee
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BMO Relationship Checking Review: Reward Banking With Up To $600 Bonus
Discover the advantages of BMO Relationship Checking, from ATM fee reimbursements to a sign up bonus. Learn if it's the right fit for you. Plus earn up to $600 bonus. Key Takeaways BMO Relationship Checking offers perks like ATM fee… READ MORE
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. Key Takeaways Limited Time… READ MORE
BMO Referral Bonus: Earn Up To $500 For Referring Friends
Learn how to earn rewards by referring friends to BMO. Discover the details of the BMO Referral Bonus program and how you can benefit. Key Takeaways Referral Period: February 2024 – June 30, 2024. Eligibility: Existing BMO clients who receive… READ MORE
BMO Bank Checking & Money Market Bonus: Up To $4,100 Offers – Ended
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BMO Premium Rewards Mastercard 35,000 Bonus Points ($435 Value)
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BMO Business Platinum Rewards Mastercard® 100,000 Bonus Points
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BMO Cash Back Mastercard $200 Bonus Cash
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BMO Platinum Rewards Mastercard 25,000 Bonus Points ($300 Value)
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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 Account: This account has a $0 monthly maintenance 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 Account: 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 Account: You can waive the $25 monthly maintenance 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 Bonus Offers
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 Offer?
The requirements for BMO promos are relatively simple. To take advantage of these promotions, open a new BMO account using the relevant promo code from BMO’s offer page. Ensure you meet the direct deposit requirements or maintain the necessary balances. For the savings account bonus, simply increase your balance each month to qualify for the monthly reward.
For checking account bonuses, you’ll generally need to do the following:
- Open a new checking account with a BMO 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 the qualifying direct deposit 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.
- Make sure you know what the monthly maintenance fee is.
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 Bank Bonuses
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 on multiple cash bonuses and that the amount is not part of the opening deposit for your account opening amount.
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 you cannot receive multiple cash bonuses and are limited to just 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, multiple checking 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
My Take on the BMO Bank Bonuses
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 (such as the monthly maintenance fee), as well as comparing them to other banks and credit unions in your area.
What is your opinion of these offers from BMO Bank? Please comment below.
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. The BMO Relationship Checking account is one of the more popular accounts being offered.
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 a monthly maintenance fee, 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 branch or ATM near me to open a new BMO account?
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.
What are the benefits of the BMO Digital Business Checking account?
The BMO Digital Business Checking account is designed for businesses primarily operating online. It includes unlimited ACH transactions and incoming wire transfers, which are ideal for digital businesses. The account’s $10 monthly maintenance fee can be waived with a minimum average collected balance of just $500, making it an accessible option for small to medium-sized enterprises looking to minimize overhead costs while enjoying robust digital banking services.
What are the key features of the BMO Premium Business Checking account?
The BMO Premium Business Checking account is tailored for businesses with moderate transaction volumes. It allows up to 200 fee-free transactions per statement period, which is perfect for businesses looking for flexibility and growth without high transaction costs. The $15 monthly maintenance fee is easily waived with a $1,500 minimum average collected balance, offering a cost-effective solution for growing businesses that need more from their checking account services
What is the BMO Statement Savings account? Why consider the Savings Builder account instead?
The BMO Statement Savings Account offers a low minimum opening deposit and the ability to earn interest on your balances. However, this account is not available for new accounts and there are no bonuses associated with this account. Instead, consider their Savings Builder account which has better perks. For example, every month your Savings Builder account balance grows by at least $200, BMO will credit the account with a $5 savings reward.
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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!