BMO Harris $600 Checking Account Bonus
BMO Harris is offering a bonus of up to $600 for new customer who open a checking account. You can apply online, at a branch or by calling 1-866-362-1166. The offer is now available nationwide. Check out the details of this BMO Harris bonus below.
How to Earn This Bonus
To take advantage of the new account bonus offers, you must open your account(s) between September 18, 2023 and December 8, 2023 and use the promo code. You may open your account(s) at a BMO branch, online, or by calling 1-800-546-6101.
- To apply online, select “OPEN NOW” for the account of your choice and promo code will automatically apply.
- To apply at a branch or by phone for a checking account or the Relationship Plus Money Market account, enter your information, and select “SEND MY PROMO CODE” to receive the promo code you must use when opening your account(s).
With this offer you get up to $600 cash bonus when you open a new BMO Smart Money Checking account, BMO Smart Advantage Checking account, or a BMO Relationship Checking account and have qualifying direct deposits of salary or other personal income such as a paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into the account from an employer or similar third party. We reserve the right to request documentation that the direct deposits qualify. Direct deposits process as a Debit Card credit or via Account to Account or Peer to Peer (e.g. Zelle®, Venmo) transfers do not qualify.
- Get a $600 cash bonus when you open a new Relationship Checking account and have a cumulative total of $7,500 in qualifying direct deposits within 120 days of opening.
Are You Eligible?
Here are the eligibility details for this bonus:
- This offer is now available nationwide.
- You are only eligible for one checking cash bonus; you cannot open multiple checking accounts and receive multiple cash bonuses.
- Offers are 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.
Account Fees
The BMO Smart Advantage Checking account has no monthly maintenance fee.
The monthly maintenance fee for the Relationship Checking 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.
Guru’s Wrap-Up
This is a much better offer than what we saw a couple of months ago, and the requirements are still the same. You need a total of $4,000 or $7,500 in qualifying direct deposits for the $400 and $600 bonus respectively.
You most likely need to use actual direct deposits for this bonus, but there are a few other options that might work. The fine print notes that they “reserve the right to request documentation that the direct deposits qualify”. If you can easily change your direct deposit, then it should be worth doing. The account opening process sometimes is not very smooth. It also takes about 4-5 months for the checking bonus to post.
With that said, it’s worth pointing pointing out that bank bonuses in general are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/ (this is an example for New York). Just replace NY with your state.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
💡 Link & Full Details
- OFFER PAGE
- Bonus: $400/$600
- Account Type: Checking
- Availability: Nationwide
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: $4K or $7.5K in 120 days (see what works)
- Other Requirements: No
- Credit Card Funding: No
- Early Account Closing Fee: $50 if closed within 90 days
- Expiration Date: 12/8/23
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