Earn either a $300, $500, or $1000 bonus for a new business checking account with this offer from BMO.
You’ll need to maintain a balance of up to $30,000 for 90 days depending on the offer. Ten qualifying transactions will also be required for the bonus.
- Update 2/20/2024: The offer details, including bonus tiers, were updated.
- Update 1/11/2024: The offer is back with a new $1,000 tier. See details below.
- Update 12/9/2023: The offer has ended but expected to return next week with new bonus amounts.
- Update 11/19/2023: The offer is still available. Read here about their $400 or $600 bonus for their personal checking account.
- 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 $300, $500, $1000 Offer
- What you’ll get: $300, $500, $1000
- Where it’s available: Nationwide
- How to earn it:
- Open a new BMO business checking account online or in branch
- Get $300 when you maintain an Average Collected Balance of $4,000 to $9,999.99 for 90 days.
- Get $500 when you maintain an Average Collected Balance of $10,000 to $29,999.99 for 90 days.
- Get $1,000 when you maintain an Average Collected Balance of $10,000 or more for 90 days.
- Make 10 qualifying transactions within 120 days of opening your account.
- When it expires: 4/30/2024
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA 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
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.
Compare With Other Business Checking Bonuses
- How to Earn $300 Chase Business Checking Account Bonus [Nationwide] – Ends 7/22/24
- Baselane Review & Bonus Offer: $150 Sign Up & 4.19% APY On Banking Balances
- Bank of America Business Checking Account $1,000/$1,500 Bonus – 5/31/24
- Axos Bank Basic Business Checking Up To $400 Bonus [Nationwide] – Ends 2/29/24
- Axos Bank Business Interest Checking Up To $400 Bonus [Nationwide] – Ends 2/29/24
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 April 2024 (Earn $250, $400, $1000)
- BMO Bank Bonus: Checking Account Up To $400 Offers – Ends 5/3/24
- BMO vs. Chase Checking Account Bonuses Compared: Guide to Maximizing Your Bank Bonus Earnings
- BMO Bank Checking & Money Market Bonus: Up To $4,100 Offers – Ended
- BMO Bank: How Its $400 Bonus & Banking Solutions Align with Your Long-Term Goals
- Taunton Federal Credit Union $350 Checking Bonus [MA] – No End Date
- BMO Business Platinum Rewards Mastercard® 100,000 Bonus Points
- BMO Platinum Rewards Mastercard 25,000 Bonus Points ($300 Value)
- BMO Cash Back Mastercard $200 Bonus Cash
- BMO Premium Rewards Mastercard 35,000 Bonus Points ($435 Value)
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.