BMO Harris Bank
BMO Harris Bank is offering either $300 or a $500 bonus for opening their Checking Account and having qualifying direct deposit of $4000 or $7500 respectively within the first 90 days. The offer is valid online as well as BMO Harris Bank branches and is available in select states (AZ, FL, IL, IN, KS, MO, MN, WI).
BMO Harris Checking Account Bonus
Bonus – $300 or $500
Account – Smart Advantage or Smart Money or Premier Account
Availability – Select states (AZ, FL, IL, IN, KS, MO, MN, WI). Offer valid online and at BMO Harris branches.
Offer Expiry – September 30, 2022
Account Fees – $0 or $5 or $25
Link for the Offer
- Open a new Checking account online using the link.
- Have a total of at least $4,000 in qualifying direct deposits within the first 90 days for $300 bonus (applicable for Smart Advantage and Smart Money Checking Accounts)
- Have a total of at least $7,500 in qualifying direct deposits within the first 90 days for $500 bonus (applicable for Premier Account)
Checking Account Fee | How to Avoid It?
- BMO Smart Advantage Checking – No monthly fees with paperless statements.
- BMO Smart Money Checking – $5 per month. You cannot avoid it if you are over 25 years old.
- BMO Premier Account – $25 per month. To avoid it, meet any of the following requirements:
- The minimum daily Ledger Balance in your account is $10,000 or more for the previous calendar month.
- You have a Monthly Combined Balance of $25,000 for the previous calendar month.
- You’re a client of our employee benefits program, Best of BMO U.S., and have requested the waiver from your BMO Harris Banker.
Early Account Termination Fees
There is no early termination fees but we recommend keeping the account open for at least 180 days.
The Fine Print
- To take advantage of the checking offer, you must open your account between June 4, 2022 and September 30, 2022 and use the checking promo code. Accounts opened on the final day of the promotion must have their applications submitted and approved prior to 8:00 p.m. CT. You may open your account at a BMO Harris branch, online, or by calling 1-800-546-6101. If you open your account by calling 1-800-546-6101, we must receive your opening deposit and all signed account opening documents by September 30, 2022. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Cash bonus is not considered part of the opening deposit and will be reported to the IRS for tax purposes. You are responsible for any applicable taxes. Offer can be changed or canceled without notice at any time and cannot be combined with any other offer. Your account must be open, in good standing and must have a balance greater than zero when the cash bonus is paid.
- Checking Offer: Get up to a $500 cash bonus when you open a new BMO Harris Smart Money™ Account, BMO Harris Smart Advantage™ Account, or BMO Harris Premier™ Account and have qualifying direct deposits of a paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into the account from an employer or outside agency. We reserve the right to request documentation that the direct deposits qualify.
- 1) Get a $300 cash bonus when you open a new Smart Money or Smart Advantage account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening. OR
- 2) Get a $500 cash bonus when you open a new Premier Account and have a cumulative total of $7,500 in qualifying direct deposits within 90 days of opening.
- You are only eligible for one checking cash bonus; you cannot open multiple checking accounts and receive multiple cash bonuses. Day 1 is the day you open your account and begins the tracking period. If you open your account on a day other than a Business Day, Day 1 is the next Business Day. The checking account type you have on Day 90 will determine which cash bonus you are eligible for. In order to receive the cash bonus, you must meet the associated criteria for that account.
- Cash bonus is paid into the checking account approximately 100 days after account opening.
We view the BMO Harris Checking Account bonus of either $300 or $500 as a competitive bonus. Previously, they were offering $200 and $350 respectively for the same requirements but they increased the bonus, making it more competitive. The requirements of $4,000 or $7,500 direct deposit are comparatively higher than what most checking account bonus requires but should be doable within 90 days for most. We recommend the BMO Smart Advantage Checking account as it is easy to waive monthly fee there.