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forum thread Posted by LavenderRain987 • Aug 9, 2023
forum thread Posted by LavenderRain987 • Aug 9, 2023

BMO Harris Checking Account Bonus Offer: Get Up to $500

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You can get $300-$500 bonus depending on which checking account you decide to open

https://www.bmo.com/en-us/main/pe...2I-U9H3N57
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You can get $300-$500 bonus depending on which checking account you decide to open

https://www.bmo.com/en-us/main/pe...2I-U9H3N57

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19 Comments

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Aug 9, 2023
1,012 Posts
Joined Jun 2009
Aug 9, 2023
Angry
Aug 9, 2023
1,012 Posts
BMO Harris (BMO North America as of September) is offering tiered bonuses of $300 and $500 when opening one of three checking accounts. Visit the below link and scroll toward the bottom to fill out the information form, and you'll receive an offer code via email:

https://www.bmo.com/en-us/main/pe...tal-offer/

Also - when the form is submitted the offer code will be suffixed to the URL so you don't have to wait for the email. Example:

https://www.bmo.com/en-us/main/pe...you/?COID=BMOP-08209I-Z9K8L49

Smart Advantage Checking: $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
  • No Monthly Maintenance Fee.
  • No minimum balance required.
  • Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide.
  • No monthly fee with paperless statements.

Smart Money Checking: $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
  • No overdraft fees.
  • 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.

Relationship Checking: Get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.
  • Monthly maintenance fee of $25 unless you maintain a balance of $10K or you have a combined balance of $25K with other accounts
  • 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

Below are the terms and conditions that are referenced as footnotes in some of the above statements.

Quote :
  1. details To take advantage of the checking offer, you must open your account between May 15, 2023 and September 15, 2023, and use the checking promo code that's automatically applied in the "Open Now" links above. Accounts opened on the final day of the promotion must have their applications submitted and approved prior to 9:00 p.m. CT. You may open your account at a BMO branch, online, or by calling 1-800-546-6101. If you open your account online by clicking "Open Now" above, we will automatically apply the promo code for you. If you open your account by calling 1-800-546-6101, we must receive your opening deposit and all signed account opening documents by September 15, 2023. Offer is limited to one per customer and 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 is not considered part of the opening deposit and will be reported to the IRS for tax purposes. 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. Your account must be open, in good standing and must have a balance greater than zero when the cash bonus is paid.

    Checking Offer: Get up to a $500 cash bonus when you open a new BMO Smart Money Checking, BMO Smart Advantage Checking, 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 via Account to Account or Peer to Peer (i.e. Zelle®, Venmo) transfers do not qualify.

    1) Get a $300 cash bonus when you open a new Smart Money Checking or Smart Advantage Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening.

    OR

    2) Get a $500 cash bonus when you open a new Relationship Checking account and have a cumulative total of $7,500 in qualifying direct deposits within 90 days of opening.
    You are only eligible for one 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 checking account type you have on Day 90 will determine which cash bonus you are eligible for. In order to receive the cash bonus, you must meet the associated criteria for that account. Cash bonus is paid into the checking account approximately 100 days after account opening.

    Minimum opening deposit of $25 is required for BMO personal checking accounts. BMO Relationship Checking account 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 are effective as of May 1, 2023, 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.

  2. Accounts with zero balance may be closed.
  3. 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.
  4. Items that overdraw the account are returned and ATM/everyday debit card transactions are declined.
  5. To access the benefits in a particular Relationship Package, you must have a BMO Relationship Checking account. Explore the Deposit Account Disclosure for details about Relationship Packages.
  6. No BMO fee; however, the ATM operator or network may charge you a surcharge fee for a transaction or balance inquiry.
  7. Rebate of up to $25 per statement period on ATM surcharge fees charged by other banks.
Haven't done business with them before but I can easily portion my paycheck via WorkDay and have monthly deposits to their account to meet the requirements. Another free $300.

https://www.bmo.com/en-us/main/pe...tal-offer/
Last edited by Angry August 10, 2023 at 11:12 AM.
Aug 10, 2023
1,003 Posts
Joined Jan 2019
Aug 10, 2023
TealLeopard348
Aug 10, 2023
1,003 Posts
Looks like a $25 maintenance fee unless you have 10k in the acct or 25k in all your accounts for the relationship checking
Aug 10, 2023
127 Posts
Joined Jun 2007
Aug 10, 2023
spriteuser
Aug 10, 2023
127 Posts
Do we need to keep the money in the account? Like if I have direct deposit $2k each paycheck can I transfer it out immediately and it'll still count towards the $7500?
Aug 10, 2023
1,003 Posts
Joined Jan 2019
Aug 10, 2023
TealLeopard348
Aug 10, 2023
1,003 Posts
Quote from spriteuser :
Do we need to keep the money in the account? Like if I have direct deposit $2k each paycheck can I transfer it out immediately and it'll still count towards the $7500?
Like most direct deposit offers, you can transfer out immediately, but this bank charges you $25/month unless your daily balance is above 10k.
1
2
Aug 10, 2023
1,012 Posts
Joined Jun 2009
Aug 10, 2023
Angry
Aug 10, 2023
1,012 Posts
Quote from TealLeopard348 :
Looks like a $25 maintenance fee unless you have 10k in the acct or 25k in all your accounts for the relationship checking
Sorry about that I missed it but I see it now.

https://www.bmo.com/en-us/main/pe...-checking/
Aug 10, 2023
1,012 Posts
Joined Jun 2009
Aug 10, 2023
Angry
Aug 10, 2023
1,012 Posts
Quote from TealLeopard348 :
Like most direct deposit offers, you can transfer out immediately, but this bank charges you $25/month unless your daily balance is above 10k.
For the relationship checking. The others have waivers that do not demand a 10K balance.
1
Aug 10, 2023
2,621 Posts
Joined Nov 2004
Aug 10, 2023
Siwy12
Aug 10, 2023
2,621 Posts
does any ACH transfer count towards the requirement? or does it have to be from employer?

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Aug 10, 2023
303 Posts
Joined Jul 2019
Aug 10, 2023
CtJack108
Aug 10, 2023
303 Posts
Quote from Siwy12 :
does any ACH transfer count towards the requirement? or does it have to be from employer?
Like with any other similar deals, only qualifying income payments via ach: ssi, pension, disability, paycheck.
People had luck with doing regular achs such as bank to bank or trading acct to bank - but it is not qualified and might not guarantee a bonus. All depends on how good is their software engineers making the code to differentiate transfers and banks level of caring about it.
Aug 11, 2023
1,003 Posts
Joined Jan 2019
Aug 11, 2023
TealLeopard348
Aug 11, 2023
1,003 Posts
Quote from Angry :
For the relationship checking. The others have waivers that do not demand a 10K balance.
Those also only qualify for the $300 bonus it seems, right?
Aug 11, 2023
1,012 Posts
Joined Jun 2009
Aug 11, 2023
Angry
Aug 11, 2023
1,012 Posts
Quote from TealLeopard348 :
Those also only qualify for the $300 bonus it seems, right?
Yes - and I edited my comment about a free $500 and changed it to $300.
Aug 11, 2023
97 Posts
Joined Sep 2020
Aug 11, 2023
NervousSoda848
Aug 11, 2023
97 Posts
Interesting. The link shows $400/$600

https://www.bmooffers.com/docs/promo07202I.pdf
Pro
Aug 11, 2023
5,845 Posts
Joined Dec 2008
Aug 11, 2023
ms123
Pro
Aug 11, 2023
5,845 Posts
Quote from Angry :
Haven't done business with them before but I can easily portion my paycheck via WorkDay and have monthly deposits to their account to meet the requirements. Another free $300.

https://www.bmo.com/en-us/main/pe...tal-offer/
I have small business on the side. I just transfer from one biz account (real biz) to personal to pay myself. Does that count as DD?
Anyone know how to handle something like this easily, which can also qualify as DD but is also free to use and headache free too.
Aug 12, 2023
303 Posts
Joined Jul 2019
Aug 12, 2023
CtJack108
Aug 12, 2023
303 Posts
Quote from ms123 :
I have small business on the side. I just transfer from one biz account (real biz) to personal to pay myself. Does that count as DD?
Anyone know how to handle something like this easily, which can also qualify as DD but is also free to use and headache free too.
Open Chase Business checking acc and you can order online payroll coded ACH transfers from your business to yourself as paycheck. It costs $2.5 per transfer.
It will come as PAYROLL FIRST LAST NAME LLC ACH.
Aug 13, 2023
100 Posts
Joined Dec 2010
Aug 13, 2023
AndyLemore81
Aug 13, 2023
100 Posts
very critical information is not disclosed in the offer is that you must be us-citizen. My application was instantly declined and no specific reason was given. they say check your credit report and Chex-system report but I have excellent credit rating and I got Chex-system as well which is clean.

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Aug 13, 2023
303 Posts
Joined Jul 2019
Aug 13, 2023
CtJack108
Aug 13, 2023
303 Posts
Quote from AndyLemore81 :
very critical information is not disclosed in the offer is that you must be us-citizen. My application was instantly declined and no specific reason was given. they say check your credit report and Chex-system report but I have excellent credit rating and I got Chex-system as well which is clean.
Try using the mobile edge or chrome - website and laptop has glitches.
1

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