expired Posted by ekusa • Sep 30, 2023
Sep 30, 2023 9:00 PM
Item 1 of 2
Item 1 of 2
expired Posted by ekusa • Sep 30, 2023
Sep 30, 2023 9:00 PM
BMO: Open Checking Account w/ $7500 in Eligible Direct Deposits, Earn
$600 Bonus
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What is the monthly maintenance fee for the Relationship Checking account? And how can it be waived?
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.
1) Open relationship account with $25 fees, pay it for 4 months (assuming bonus payout on 130 day and grace period before fees kick in). After bonus payout, convert account to Advantage without any fees and maintain for 1 year. Net would be 600-100 fees = 500.
2) Open advantage account with $0 fees, meet terms, get 400. No need to change account type or other hassle.
In nutshell some effort for additional $100.
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What is the monthly maintenance fee for the Relationship Checking account? And how can it be waived?
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.
Our community has rated this post as helpful. If you agree, why not thank qkumbr
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Our community has rated this post as helpful. If you agree, why not thank dingdong123
1) Open relationship account with $25 fees, pay it for 4 months (assuming bonus payout on 130 day and grace period before fees kick in). After bonus payout, convert account to Advantage without any fees and maintain for 1 year. Net would be 600-100 fees = 500.
2) Open advantage account with $0 fees, meet terms, get 400. No need to change account type or other hassle.
In nutshell some effort for additional $100.
The terms don't say the $7500 needs to stay in the account for a definite period. You could withdraw it immediately after it posts and then do whatever you want with it.
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1) Open relationship account with $25 fees, pay it for 4 months (assuming bonus payout on 130 day and grace period before fees kick in). After bonus payout, convert account to Advantage without any fees and maintain for 1 year. Net would be 600-100 fees = 500.
2) Open advantage account with $0 fees, meet terms, get 400. No need to change account type or other hassle.
In nutshell some effort for additional $100.