$350 Limited Time Checking Account Bonus Offer (original) (raw)

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Open a checking account online in minutes, earn a $350 cash bonus! footnote 1

$350

cash bonus footnote 1

BMO Smart Advantage Checking

Earn a 350cashbonusfootnote1∗∗whenyouhaveatotalofatleast350 cash bonus footnote 1 when you have a total of at least 350cashbonusfootnote1∗∗whenyouhaveatotalofatleast4,000 in qualifying within the first 90 days.

Most Popular

No Monthly Maintenance Fee

$350

cash bonus footnote 1

BMO Smart Money Checking

No Overdraft Fees footnote 5

How to cash in on our offer

Step 1: Open an account

Easily open a new checking account online in minutes.

Step 2: Deposit funds

Make qualifying deposits within 90 days of opening the account.

Step 3: Earn your bonus

That’s it! We’ll deposit your bonus footnote 1 into your account.

Want to earn even more?

Open a new Savings Builder account and earn a 5rewardeverymonthyougrowyourbalanceby5 reward every month you grow your balance by 5rewardeverymonthyougrowyourbalanceby200 or more for the first year. footnote 6

Enjoy no monthly maintenance fee
Start saving with a l ow minimum opening deposit of just $25
Feel secure knowing we’re FDIC insured footnote 7
Automate your savings with recurring transfers footnote 8 from your checking account

Want to check out other options instead?

Explore our other checking products to find one that's right for you.

We make banking easy

40,000+ Fee-free ATMs

Convenient access to the Allpoint® nationwide network of ATMs—free of charge. That’s more than what’s offered by three leading banks combined.

Bank on the go footnote 9

Freedom to bank your way—deposit checks footnote 10, pay bills, move funds— when you want on your device.

Security however you bank footnote 11

Whether you bank via mobile footnote 9, online or telephone, all your banking methods are convenient and secure.

Do you own a small business?

Explore our business checking accounts to find one that meets your needs.

Prefer to apply in person or on the phone?

Just give us a few details to get your promo code and use it when you apply.

By providing your contact information, you agree to be contacted by a BMO banker about opening your BMO account and related banking opportunities.

Footnote 1 details To take advantage of the new personal checking account cash bonus offer, you must open your account between February 4, 2025 and May 2, 2025, and use the promo code. You may open your account at a BMO branch, online or by calling 1-800-546-6101.

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 by calling 1-800-546-6101, we must receive your opening deposit and all signed account opening documents by May 2, 2025.

To receive the personal checking new account cash bonus of $350:

Open a new BMO Smart Money Checking or BMO Smart Advantage Checking account; and
Have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening.

Checking cash bonus offer is limited to one per customer and account (including trustees and signers on joint accounts). Offer is not available for existing BMO personal checking customers (including trustees and signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Cash bonus may be reported to the IRS for tax purposes, and 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. If your balance is zero, we may close your account. Your account must be open, in good standing and must have a balance greater than zero when the cash bonus is paid.

Qualifying direct deposits are deposits of regular income – such as your salary, paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into the account from an employer or similar third party – using your account number and BMO’s routing number that you provide to them. We reserve the right to request documentation that the direct deposits qualify. Non-qualifying examples include: teller deposits, wire transfers, ATM transfers or deposits, BMO Digital Banking transfers or deposits, deposits processed as a debit card credit, transfers from any bank or brokerage account, and Account to Account or Peer to Peer (e.g. Zelle®, Venmo) transfers.

You are only eligible for one checking account cash bonus; you cannot open multiple checking accounts and receive multiple cash bonuses. The promo code is applied to the first checking account that is opened between February 4, 2025 and May 2, 2025. 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. Cash bonus is paid into the checking account approximately 100 days after account opening.

Footnote 2 details Accounts with zero balance may be closed.

Footnote 3 details The monthly fee for paper statements is automatically waived if you opt to go paperless through your BMO Digital Banking preferences or if any individual associated with your account is 65 years or older. The monthly fee for check images is automatically waived if you opt to go paperless through your BMO Digital Banking preferences.

Footnote 4 details For important information regarding overdraft services, please visit www.bmo.com/overdraft.

Footnote 5 details Items that overdraw the account are returned and ATM/everyday debit card transactions are declined.

Footnote 6 details For every month your Savings Builder account balance grows by at least 200,wewillcredittheaccountwitha200, we will credit the account with a 200,wewillcredittheaccountwitha5 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. Tip: Deposits made on weekends and holidays will not be processed until the next Business Day. To ensure your deposit is counted for the current month, avoid scheduling your recurring transfer or deposits toward the end of the month.

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:

Minimum opening deposit of $25 is required for BMO Savings Builder accounts. Savings Builder is a variable rate account. Interest rates and Annual Percentage Yields (APYs) may change daily after the account is open. Interest rates and APYs offered within two or more consecutive tiers may be the same. In this case, multiple tiers will be shown as a single tier. The following collected balance tiers and corresponding APYs for Savings Builder are effective as of May 1, 2024, and are subject to change at our discretion at any time: 0.01% for all balances. Interest is calculated on the entire collected balance daily at the rate in effect for that balance tier. You must maintain the required minimum collected balance for each tier in order to earn the APYs disclosed. A periodic rate is applied on the collected balance in the account daily. Interest is compounded daily on the collected balance and credited to the account monthly on the statement period date. Checks you deposit into your account begin to earn interest on the Business Day we receive credit for them. Fees and withdrawals may reduce earnings. For account and fee information or current interest rates, visit bmo.com.

Footnote 7 details Please visit the FDIC website for current deposit insurance limits.

Footnote 8 details If you make an Internal Transfer on a weekend or holiday, we'll credit the payment the same day, but we'll post the payment on the next Business Day.

Footnote 9 details Message and data rates may apply. Contact your wireless carrier for details.

Footnote 10 details Mobile Deposit is available using the BMO Digital Banking app. This service may not function on older devices. Users must be a BMO Digital Banking customer with a BMO account opened for more than 5 calendar days. Deposits are not immediately available for withdrawal. For details, explore the BMO Digital Banking Agreement found at bmo.com/en-us/legal.

Footnote 11 details Visit the BMO Security Center for details.

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Accounts are subject to approval and are provided in the United States by BMO Bank N.A. Member FDIC