You can earn a $250 checking bonus when you open a new qualifying account with BMO with qualifying activities.
To earn the BMO checking bonus:
- Open a new BMO Smart Advantage Checking Account and get a $250 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
- Open a new BMO Smart Money Checking Account and get a $250 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
Plus
- Open a new Savings Builder account and enjoy the benefit of earning a $5 reward every month you save $200 for the first year (earn up to $60 if you qualify for 12 months).
Accounts are subject to approval. BMO Bank N.A. Member FDIC
BMO Checking Bonus $250 Offer
- What you’ll get: $250 bonus
- Account Type: Smart Advantage Checking or Smart Money Checking
- Availability: Nationwide
- Direct Deposit Requirement: Yes
- Credit Inquiry: None
- Credit Card Funding: Cannot fund with credit card
- Monthly Fee: $0-$25, waivable.
- Early Account Termination Fee: None
(Expires 05/03/2024)
Editor’s Note: If you have a higher direct deposit amount, you can open a new BMO Relationship Checking Account and get a $400 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.
How To Waive Monthly Fees
- BMO Smart Advantage Checking: No monthly fees with paperless statements.
- BMO Smart Money Checking: No monthly maintenance fee if you’re under 25 years old, otherwise $5 monthly fee.
- BMO Relationship Checking: The monthly maintenance fee for the Premier Account is $25. But we’ll waive the fee if you 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 Banker.
BMO Smart Advantage Checking Account Features
- BMO Smart Advantage Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- No monthly fees with paperless statements
BMO Smart Money Checking Account Features
- BMO Smart Money Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- No monthly maintenance fee if you’re under 25 years old
Fine Print
- Accounts opened online on the final day of the promotion must have their applications submitted and approved prior to 9:00 p.m. CT.
- If you open your account(s) by calling 1-800-546-6101, we must receive your opening deposit and all signed account opening documents by May 3, 2024.
- Offers are limited to one per customer and account (including signers on joint accounts).
- The checking offer is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months.
- Cash bonus will be reported to the IRS for tax purposes and you are responsible for any applicable taxes.
- Offers 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.
Bottom Line
You’ll also have unlimited fee-free transactions at over 40,000 Allpoint network ATMS nationwide with a BMO Checking account.
If you would like to see more, see our list of the latest banking offers from BMO or check out our full list of the latest bank bonuses.
Shawn says
Anyone subscribe to daily email but not receive any?
feeling a bit greedy says
I received this mailer. How many times can we use it? e.g. Can each of me, my spouse, my three children (16, 18, 21 years old) all get this bonus?
Frustrated says
BMO doesn’t seem to be in WA. Please correct your info.