Find new BMO Bank promotions, bonuses, and offers here.
Currently, BMO Bank is offering $60, $250, $400 bonuses with a new checking, savings account, or business checking.
Below, you’ll find offers for the BMO Bank Relationship Checking, Smart Advantage Checking, and Smart Money Checking accounts along with business, savings, CD account offers & promotions.
Update 4/11/24: See below for all the updated BMO Bank bonuses. You have until 5/3/24 to sign up.
Accounts are subject to approval. BMO Bank N.A. Member FDIC
About BMO Bank Promotions
Established in 1882, BMO has over 600 locations throughout Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, and Wisconsin.
They are the 2nd largest bank in the State of Illinois where they are headquartered(Chicago). BMO Bank offers a variety of checking and savings accounts, including Money Market, CD, and IRA products.
For their checking accounts, BMO expands its reach by joining the Allpoint ATM network, which gives you access to about 40,000 fee-free ATMs.
They also offer online and mobile tools to help you take care of most banking tasks without needing to go in-branch.
I’ll review BMO Bank promotions below.
BMO Relationship Checking $400 Cash Bonus
- What you’ll get: $400 cash bonus
- Account Type: Relationship Checking Account
- Availability: Nationwide. (Bank Locator)
- Direct Deposit Requirement: Yes, $7500+
- Credit Inquiry: None
- ChexSystem: Yes
- Credit Card Funding: Cannot fund with credit card
- Monthly Fees: $25, avoidable
- Household Limit: None
(Expires 05/03/2024)
How To Earn Bonus
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.
- BMO Relationship Checking Account
- $25 Monthly Maintenance Fee waived when you have one of the following: $10,000 minimum daily balance, $25,000 in combined balances with Relationship Waiver, or a BMO Financial Advisors, Inc. investment account
- 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.
BMO Smart Advantage Checking $250 Cash Bonus
- What you’ll get: $250 cash bonus
- Account Type: Smart Advantage Checking
- Availability: Nationwide.
- Direct Deposit Requirement: Yes, $4000+
- Credit Inquiry: None
- Credit Card Funding: Cannot fund with credit card
- Monthly Fee: $0
- Early Account Termination Fee: None
(Expires 05/03/2024)
How To Earn 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.
- BMO Smart Advantage Checking Account
- No minimum balance and no monthly fees with eStatements.
BMO Smart Money Checking Account $250 Cash Bonus
- What you’ll get: $250 cash bonus
- Account Type: Smart Money Checking Account
- Availability: Nationwide.
- Direct Deposit Requirement: Yes, $4000+
- Credit Inquiry: None
- Credit Card Funding: Cannot fund with credit card
- Monthly Fee: $0 or $5, waivable.
- Early Account Termination Fee: None
(Expires 05/03/2024)
How To Earn Bonus
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.
- BMO Smart Money Checking Account
- No monthly maintenance fee if you’re under 25 years old, otherwise $5 monthly fee
BMO Savings Builder (Up to $60 in Rewards)
- What you’ll get: Up to $60 in rewards
- Account Type: Savings Builder Account
- Availability: Nationwide
- Direct Deposit Requirement: No
- Credit Inquiry: None
- Credit Card Funding: Cannot fund with credit card
- Monthly Fee: None
- Early Account Termination Fee: Your account must be open, in good standing and must have a balance greater than zero when the bonus is paid approximately 120 days after opening
- Household Limit: None listed
How to Earn Bonus
- To earn $5 monthly savings reward (times 12 months = $60 in savings rewards)
- Open a new Savings Builder account and enjoy the benefit of earning a $5 savings reward every month you grow your balance by $200 or more for the first year. Exclusions apply. Must have a minimum deposit of at least $25.
- Savings Builder Account: No monthly maintenance fee
- For every month your Savings Builder account balance grows by at least $200, we will credit the account with a $5 savings reward within 5 calendar days after the end of the month.
- To calculate if your balance has grown by $200, we will compare the Ledger Balance on the last Business Day of the previous month to the Ledger Balance on the last Business Day of the current month.
- Interest and savings reward payments will not count towards your balance growth.
- Your account is eligible for 12 savings rewards beginning with the month your account is opened. The first savings reward is based on your savings growth from the Business Day the account is opened through the last Business Day of that month.
- If your initial deposit is not received until the month after account opening, the account will only be eligible for 11 savings rewards.
- Your account must be open when the savings rewards are paid. Savings rewards will be reported to the IRS for tax purposes and you are responsible for any applicable taxes.
- Exclusions:
- Savings rewards are available for new accounts only. An account switched into Savings Builder from a different product is not eligible for savings rewards.
- Savings rewards are limited to one Savings Builder account per customer as Primary Account Owner. Only your first account opened is eligible for savings rewards.
- You are not eligible to receive savings rewards if you have previously opened a Statement Savings account between February 3, 2020 and October 18, 2021 and participated in the Statement Savings account – Savings Rewards offer.
BMO $300, $500 or $1,000 Business Checking Bonus
- What you’ll get: $300, $500 or $1,000 bonus
- Account Type: Business checking
- Availability: Nationwide.
- Direct Deposit Requirement: No
- Credit Inquiry: None
- Credit Card Funding: Cannot fund with credit card
- Monthly Fee: None
- Early Account Termination Fee: Your account must be open, in good standing and must have a balance greater than zero when the bonus is paid approximately 120 days after opening
- Household Limit: None listed
(Expires 04/30/2024)
Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
U.S. Bank Business Checking ($350 or $800 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
Huntington Unlimited Business Checking ($400 Bonus) | Huntington Business Checking 100 ($200 Bonus) |
Live Oak Bank Business Savings ($300 Bonus) |
How to Earn Bonus
- Open a new BMO business checking account online or in branch between January 8, 2024 and April 30, 2024.
- To receive a $300 bonus. Have 10 electronic transactions post to the account within 90 days and a $4,000 – $9,999.99 Average Collected Balance for 90 days
- To receive a $500 bonus. Have 10 electronic transactions post to the account within 90 days and a $10,000 – $29,999.99 Average Collected Balance for 90 days
- To receive a $1,000 bonus. Have 10 electronic transactions post to the account within 90 days and a $30,000 or more Average Collected Balance for 90 days
- Essential Business Checking: Waive $15 monthly maintenance fee with $1,500 or more Average Collected Balance for the statement period
- Business Advantage Checking: Waive $20 monthly maintenance fee with $5,000 or more Average Collected Balance OR $15,000 or more Combined Balance for the statement period
- You can receive either a $300 bonus, a $500 bonus, or a $1,000 bonus. To take advantage of this offer, you must open your account between January 8, 2024 and April 30, 2024. You can apply online or at a BMO branch. To apply online visit bmo.com/businesscheckingoffer and select “OPEN NOW” for the checking account of your choice; we’ll automatically apply the promo code for you. Accounts opened online on the final day of the promotion must have their applications submitted and approved prior to 9:00 p.m. CT. To apply at a branch, visit bmo.com/businesscheckingoffer, enter your information, and select “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 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.
- You are only eligible for one business 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 cash bonus you qualify for will be deposited into the new checking account within 14 days of meeting the three promotion requirements stated above, approximately Day 104. To receive the bonus, you must 1) meet the associated criteria for the respective offer mentioned above, 2) your checking account must be in an open status and in good standing with a balance greater than zero on the day of payment, and 3) be either a BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account.
BMO Alto Online Savings Account
Make the most of your money with BMO’s high-yield online-only savings account.
- Earn 5.10% APY as of April 11, 2024
- No fees
- $0 minimum opening deposit
- No minimum balance requirements
- Unlimited transfers and withdrawals
Learn more about the BMO Alto Online Savings Account
BMO Alto Online Certificates of Deposit (CDs)
Grow your savings with BMO’s high-yield online-only CDs.
- No minimum balance
- $0 minimum opening deposit
- 6 available fixed terms (6 months to 60 months)
- Interest paid monthly
Learn more about the BMO Alto Online Certificates of Deposit (CDs)
Rising Bank 6-Month CD (5.35% APY) | Rising Bank 12-Month CD (5.31% APY) |
Alliant Credit Union 12-Month Certificate (5.20% APY) | Technology Credit Union 5-Month No-Penalty CD (5.15% APY) |
Western Alliance Bank 3-Month CD (5.26% APY) | Western Alliance Bank 12-Month CD (5.05% APY) |
Ponce Bank 3-Month CD (5.25% APY) | Blue Federal Credit Union 9-Month No Penalty CD (5.10% APY) |
SkyOne Federal Credit Union 5-Month CD (5.00% APY) | Sun Canyon Bank 11-Month CD (4.94% APY) |
Sun Canyon Bank 5-Month CD (5.04% APY) | Lemmata Savings Bank 9-Month CD (5.05% APY) |
Nelnet Bank 12-Month CD (4.86% APY) | Nelnet Bank 24-Month CD (4.27% APY) |
Quontic Bank 6-Month CD (5.05% APY) |
BMO Relationship Plus Money Market Account Up to $3,500 Bonus
You’re able to take advantage of this offer stand alone or with the above offers. To qualify, simply open a BMO Relationship Plus Money Market Account and deposit $25,000 or more of new money into it and within 30 days of opening your account. On Day 30, you’ll be placed in one of five tiers. Maintain a qualifying balance from Day 31 to Day 120 to earn your bonus.
Deposit Amount | Cash Bonus |
$25,000 – $49,999.99 | $300 |
$50,000 – $99,999.99 | $500 |
$100,000 – $249,999.99 | $1000 |
$250,000 – $499,999.99 | $2,500 |
$500,000+ | $3,500 |
BMO Account Features
BMO Relationship Checking Account
- Relationship Packages that offer more perks the more you bank with BMO
- Unlimited non-BMO ATM transactions
- Up to $25 surcharge fee rebates on non-BMO ATMs
- The higher your balance, the more you could earn in interest
BMO Smart Advantage Checking Account
- 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
- 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
- No paper statement or check image fees when you go paperless
BMO Savings Builder Account
Start saving with a low minimum opening deposit of just $25. We’re FDIC insured so you can be certain your money is safe.
- Enjoy no monthly maintenance fee.
- Bank on your time with easy access to your account using BMO Digital Banking.
- Automate your savings habit by creating recurring transfers from your checking account.
Open a new Savings Builder account and enjoy the benefit of earning a $5 reward every month you grow your balance by $200 or more for the first year.
Bottom Line
The current promotions at BMO Bank are definitely worthwhile.
BMO offers an array of products for deposit accounts, including Checking, Savings, Money Market, CD, and IRA products alongside its promotions. Be sure to check out our full list of Bank Rates here and CD Rates here.
Compare BMO Bank Promotions with other bank bonuses from U.S. Bank, Citi, Huntington Bank, Chase Bank, TD Bank, Discover Bank, Aspiration, Axos Bank, PNC Bank, SoFi, Bank of America, Wells Fargo, and more!
*Bookmark this page for the latest BMO Bank promotions, bonuses, and offers!
teddy says
My Reply to most of these. Since we are getting 4.75% liquid money on cash the MATH is not there to come out ahead. It’s that simple. Bank Bonus offers stink with these rates. I checked a Citi offer and it cost me money to get their $450 bonus plus a headache
Raul Ceja says
This is the worst bank they lie to you all the time, I called the first time to get my bonus they told me to wait 10 more days, now they say is 120 days.and I told the manager why the promotion says 90 days and thats what the first person told me.
Molly says
I have also experienced this garbage with BMO. We signed up my kids for two different promos, $50 for 20 debit card transactions and $100 for $1000 in direct deposit in August. It’s March and nothing, after numerous calls. Now they say their banker was wrong when setting them up and they don’t have any record of the $100 promo but escalated the $50, in the hopes we’ll still get that. I’m so angry!
Barbara Lasser says
I received an email but was never sent a code. Contacted my banker and she said dont open account on line get a code?? how do i do that?
s says
marked as “NATIONWIDE” but is not
website says “1 In order to be eligible for this offer, you must reside in Illinois, Wisconsin, Minnesota, Indiana, Arizona, Florida, Kansas, or Missouri”
Victoria Smith says
Opened a account was promised the 250 bonus never received it have direct deposit too
I have spoke to branch manger but no help its been months.cant some one help???
blumonster says
I opened Smart Advantage checking account with BMO Harris by clicking one of their ads at the end of April 2019. I fulfilled each and every condition within set timeframes.
They have not deposited the bonus they promised. $300.
Their customer service, if you can reach them after 30 minutes wait, is horrible. Those people yell at you, very rude with you.
Corporate customer service is no better. They lie, cheat and still not honor their word for bonus.
I wish I knew how awful this bank was before opening my account…
timothy b says
Within 150 days of account opening, you must have a total of $3,000 or more each month in qualifying direct deposits to the checking account opened for this bonus offer for three consecutive months. THIS account requires $3,000 x 5 months for a total of $15,000 in direct deposits.
A.M.P. says
It happend to my son, who opened the account in October 2018.. Do you have the offer. What were the requirements? We got the offer during opening his account. It looked how he would fulfill all the requirements easily, and he did. But then later when he called, he was told that he didn’t meet the requirements which were different then the ones we were told (I was with him at the time of opening the accout).
Anthony Nguyen says
Everything is YMMV. It may work before. Maybe not anymore.
Antonio F Pena says
Your website shows that Discover ACH is accepted by BMO Harris as a direct deposit… After arguing with them both in person and by email, no luck…what gives?
Karen says
You state that the $500 offer is good thru 7/31/19, but the BMO website says it expires 6/30/19. Do you have another link to an offer that’s good thru 7/31/19?
Les says
Same thing happened to me with BMO harris! They should be ranked right up there with Wells Fargo! I was one of the Lucky people to get their Targeted $300 bonus offer in the Mail. Mail offer with code especially for me. However, after meeting all the requirements no bonus. The personal banker that helped me open the account even tried to escalate the matter with her Branch Manager, who Emailed the Marketing department that targets and sends out these offers. SHAME ON YOU BMO! I will be closing the account. I will say that I did get my Bonus From Chase when I opened an account there 4 years ago now. I recommend going to Chase for their bonus.
geo81mm@yahoo.com says
speak to branch. the banker might not have placed the promo code into their system when they opened the account. All they have to do is call their operations unit, place an investigation, and as long as you met the terms of the promotion you will get the bonus in about 10 business days. Also, if you read the terms and conditions; it says you will get the bonus 120 DAYS from account opening AND MEETING the requirements.
Steven Gauthier says
opened checking and saving accounts but never got 200 and 300 for opening accounts