Find new BMO promotions, bonuses, and offers here.
Update 11/6/24: The business checking bonus has been extended through 2/1/25 and there’s a $300 cash bonus when you open a new checking account and complete qualifying activities available through 2/3/25.
BMO Promotions Review
Established in 1882, BMO has over 900 locations in 23 states.
They are the 2nd largest bank in the State of Illinois where they are headquartered(Chicago). BMO 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 go over BMO offers below.
BMO Smart Advantage Checking Account $300 Cash Bonus
- Direct Link to Offer
- What you’ll get: $300 cash bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new BMO Smart Advantage Checking Account and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
| Truist Checking ($400 bonus) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
BMO Smart Money Checking Account $300 Cash Bonus
- Direct Link to Offer
- What you’ll get: $300 cash bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new BMO Smart Money Checking Account and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
| Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
| SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
BMO Bank $350 or $750 Business Checking Bonus
- Direct Link to Offer
- What you’ll get: $350 or $750 bonus
- Where it’s available: Nationwide (Bank Locator)
- Direct deposit requirement: No
- Credit Inquiry: Soft Pull
- Monthly fees: $15-$20
- Early account termination fee: $20 if closed within 90 days, bonus will post after 120 days
- How to earn it:
- Open a new BMO business checking account online or in branch between September 10, 2024 and February 1, 2025.
- To receive a $300 bonus: By day 30 after opening the new account, your account balance must be $4,000-$24,999.99. From days 31-90, you must maintain an account balance of $4,000 or more.
- To receive a $750 bonus: By day 30 after opening the new account, your account balance must be $25,000 or more. From days 31-90, you must maintain an account balance of $25,000 or more.
(Expires 02/01/2025)
| Chase Business Complete Checking® ($300 Bonus) | U.S. Bank Business Checking ( $400 or $900 Bonus) |
| Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
| Live Oak Bank Business Savings ($200 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Axos Business Premium Savings ($375 Bonus) |
| Bluevine Business Checking ($300 Bonus) | |
Fine Print
- You can receive either a $350 cash bonus or a $750 cash bonus. To take advantage of this offer, you must open your business checking account between September 10, 2024 and February 1, 2025. 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 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 or a Bank of the West 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 promotion requirements stated above, approximately Day 104. To receive the cash 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 Bank $60 Savings Reward
Earn up to $60 in savings rewards for opening a new eligible savings account and meeting certain requirements.
- What you’ll get: Up to $60 reward
- Where it’s available: Nationwide
- How to earn it:
- 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.
- To earn $5 monthly savings reward (times 12 months = $60 in savings rewards)
(View BMO Bank to learn more)
BMO Relationship Checking Account $500 Cash Bonus + $100 Gift Card Bonus (Expired)
- Direct Link to Offer
- What you’ll get: $500 cash bonus + $100 Digital Gift Card Bonus
- Where it’s available: Nationwide
- How to earn it:
- Open a new BMO Relationship Checking Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.
- Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
| Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
| SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
BMO Bank Online Savings
BMO Bank CD Rates
| Western Alliance Bank High-Yield Savings Premier (4.46% APY) | Live Oak Bank Savings ($300 Bonus + 4.20% APY) |
| SoFi Checking & Savings ($325 Bonus + 4.00% APY) | Harborstone Credit Union Money Market (4.55% APY) |
Author’s Verdict
BMO Bank is offering a wide variety of promotions and product features for Checking, Savings and Business accounts with fairly easy requirements. We recommend you start signing up today to start earning.
For more options, compare BMO Bank Promotions to offers from Chase Bank, HSBC, Huntington Bank, Discover Bank, TD Bank, CIT Bank, Bank of America, Wells Fargo, and Citi.
For more current offers, check out our bank bonuses page. Compare BMO rates for CDs and Savings with our best rates for Savings and CD accounts.
Also remember to check back to this page and see all the latest BMO Bank promotions, bonuses, and offers.
I just opened a checking account at BMO and earned the $60 bonus. The process was seamless and now I’m looking for more opportunities to earn extra cash through their promotions. Thanks for sharing!
I have enjoyed banking with BMO, but I may have to cancel my account, because your application stops reading my login information, please make appropriate changes.