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 also be required for the bonus.
- Update 9/18/2023: Offer. has been extended through 12/8/2023 and increased to $400 or $600.
- Update 6/12/2023: Offer has been extended through 9/15/2023 and increased to up to $500.
- Update 4/10/2023: Offer has been extended through 5/12/2023.
READ MORE: SEE THE LIMITED-TIME PROMOTION FOR THE BMO PERSONAL CHECKING ACCOUNT
See the Posts History below for all BMO offers.
BMO Business Checking $400/$600 Offer
- What you’ll get: $400 or $600 bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new BMO business checking account online or in branch
- Get $400 when you maintain an Average Collected Balance of $4,000 for 120 days.
- Get $600 when you maintain an Average Collected Balance of $10,000 for 120 days.
- Make 10 qualifying transactions within 120 days of opening your account.
- When it expires: 12/8/2023
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK, AND BMO.
Waive The Monthly Fee
- BMO Simple Business Checking $10/month fee
- Average Collected Balance needed to waive monthly maintenance fee: $100
- BMO Premium Business Checking $15/month fee
- Average Collected Balance needed to waive monthly maintenance fee: $1,500
- BMO Elite Business Checking $25/month fee
- Average Collected Balance needed to waive monthly maintenance fee: $10,000 or $25,000 Monthly Combined Business Balance
- BMO Digital Business Checking $10/month fee
- Average Collected Balance needed to waive monthly maintenance fee: $500
READ MORE: YOU’LL WANT TO SEE THIS $400 OFFER FROM U.S. BANK BEFORE IT’S GONE
Fine Print
- How to get a business checking bonus: You can receive either the $400 bonus or the $600 bonus. You can apply online or at a BMO branch. To apply online, click Open Now for the checking account of your choice above and we’ll automatically apply the promo code for you. Before you apply at a branch, enter your information, and click “SEND MY PROMO CODE” to receive the promo code you must use when opening your account.
- You are not eligible for the business checking bonus if you have an existing BMO business checking account, or, have a closed a BMO business checking account within the past 12 months, using the same Taxpayer Identification Number (TIN)/Employer Identification Number (EIN)/Social Security Number (SSN) as the new account. Bonus will be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. Offer can be changed or cancelled without notice at any time, cannot be combined with any other offer, and is limited to one bonus per business entity.
- The minimum deposit to open a business checking account is $100. For business checking account and fee information, including current interest rates for the variable rate BMO Elite Business Checking account or call 1-800-546-6101.
Bottom Line
Good offer to go along with the personal checking offer if you’re looking to make BMO one of your main banks.
As with other business checking offers, this one doesn’t require direct deposit. We’ll add this to our list of offers that don’t require direct deposit.
More from BMO:
- Best BMO Bank Bonuses September 2023 ($400, $600 & More)
- BMO Bank Checking Bonus: $400 & $600 Offers – Ends 12/8/2023
- 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.
