BMO Bank is offering one of the larger business checking bonuses currently available. New business customers can earn up to a $1,500 cash bonus when opening an eligible BMO business checking account and maintaining qualifying balances.
The promotion is available through August 31, 2026.
If you’re looking for more offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!
BMO Business Checking Bonus Summary
- Bank: BMO Bank
- Account Types Eligible:
- BMO Digital Business Checking
- BMO Simple Business Checking
- BMO Premium Business Checking
- BMO Elite Business Checking
- Bonus Amount: Up to $1,500
- Expiration Date: August 31, 2026
- Minimum Opening Deposit: $100
- Availability: New BMO business checking customers only
How To Earn The BMO Business Checking Bonus
To qualify, you must:
- Open a new eligible BMO business checking account between May 1, 2026 and August 31, 2026
- Maintain the required account balance through the qualification period
Bonus tiers:
| Bonus | Balance Requirement |
|---|---|
| $400 bonus | Maintain at least $4,000 |
| $750 bonus | Maintain at least $25,000 |
| $1,000 bonus | Maintain at least $50,000 |
| $1,500 bonus | Maintain at least $100,000 |
Important Timing Requirements
BMO uses a structured qualification timeline:
- On Day 30 after opening the account, your balance determines your initial bonus tier
- From Days 31–90, you must maintain that minimum balance without dropping below the tier requirement
For example:
- If your balance is $25,000 on Day 30, you qualify for the $750 tier
- If your balance later drops below $25,000 but stays above $4,000 during Days 31–90, your bonus is reduced to $400 instead
TRENDING DEAL:
When Will The Bonus Be Paid?
According to BMO:
- Bonuses are generally deposited within 14 days after completing the qualification requirements
- This is approximately around Day 104 after account opening
- Your account must remain open and in good standing to receive the bonus
Who Is Eligible?
You may NOT qualify if:
- You currently have a BMO business checking account
- You closed a BMO business checking account within the past 12 months using the same EIN, TIN, or SSN
The offer is limited to one bonus per business entity.
Available Business Checking Accounts
BMO offers several business checking account options:
BMO Digital Business Checking
- Lower-fee digital-focused option
- Unlimited incoming ACH transactions
BMO Simple Business Checking
- Up to 100 free transactions per statement period
BMO Premium Business Checking
- Up to 200 free transactions per statement period
BMO Elite Business Checking
- Up to 500 free transactions
- Interest-bearing account option
Is The BMO Business Bonus Worth It?
This promotion is best suited for businesses that can comfortably park larger balances for around three months.
The main advantages:
- Large bonus potential
- No direct deposit requirements
- Multiple account options
- Straightforward qualification structure
The biggest downside is the sizable balance requirement for the top-tier bonuses. Many small businesses may find the $400 tier more realistic than the $1,500 tier.
Still, even the lower tiers compare favorably against many competing business checking offers.
Final Thoughts
The BMO business checking promotion is currently one of the strongest business banking bonuses available, particularly for businesses with excess cash reserves.
If your business can maintain qualifying balances for about 90 days, this offer could provide a solid return with relatively simple requirements.
You can learn more or apply directly through BMO’s official business checking offer page.
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