Discover the latest BMO Bank bonuses, promotions, and offers for checking, savings, and business accounts. Earn up to $1,000 with their top deals. Learn more about how you can take advantage of these exciting BMO Bank offers.
Currently, their best offer is $250 or $400 cash bonus for opening a new personal checking account or up to $1,000 for a business checking account.
BMO Bank is one of the largest and oldest banks in North America, established in 1817. Over the years, it has grown to become a significant international financial services provider, offering a wide range of banking and financial services to personal, commercial, corporate, and institutional clients across North America and globally.
With its headquarters in Chicago, BMO boasts a robust network of approximately 500 branches across 10 states, ensuring widespread accessibility for its customers. In a move to enhance convenience for account holders, BMO has partnered with the Allpoint ATM network, granting fee-free access to around 40,000 ATMs nationwide.
Embracing the digital era, BMO enables customers to conduct the majority of their banking transactions online or via mobile, reducing the need for physical branch visits. The bank’s comprehensive product offerings include personal checking and savings accounts, Money Market Accounts (MMAs), Certificates of Deposit (CDs), as well as business and commercial banking solutions. Additionally, BMO provides financing options such as home and auto loans, a variety of credit card choices, and Individual Retirement Accounts (IRAs), catering to the full spectrum of customer financial needs.
Find the latest sign-up bonuses and other promotions for deposit accounts from BMO below.
Best BMO Bank Bonuses & Promotions
Earn up to $1,000 with two limited-time offers from BMO Bank! You can get up to $400 for a personal checking account & up to $1,000 for a business checking account. Click one of the links below for more information.
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.
About BMO Bank Bonuses
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.
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 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.
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.
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.