BMO Harris Bank offers a variety of promotions for opening new personal and business checking accounts on a regular basis, where you can earn extra bonus cash for meeting the new account qualifications.
BMO Harris has more than 600 branches throughout Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, and Wisconsin, and to open your account online or by phone, you must reside in a state where BMO Harris operates retail branches and use that address to open the account.
Updated 7/11/2018 – Current BMO Promotional Offers: BMO is currently offering a $200/$500 bonus for opening a new business checking account. The most recent personal checking promotion expired on June 29th, and it has not been updated yet, although I would expect it to soon, so return here for the latest updates.
You can also check out these banking deals from Chase Bank, Huntington Bank, and SunTrust Bank that are available in more states across the U.S.A.
BMO Harris Bank $200/$500 Business Checking Account Offer
You can get up to $500 in bonus cash for your business when you open a eligible business checking account and meet the offer requirements.
Just visit this BMO Business Checking Promotion and enter your email address to receive your bonus promo code, which you’ll need to bring into a BMO branch when you apply in person.
To receive the $200 checking bonus:
1. Open a new Essential Business Checking account between January 16, 2018, and October 31, 2018.
2. Make a minimum opening deposit of $1,500 in funds not currently on deposit at BMO Harris Bank or its affiliates.
3. Have a collected balance of at least $1,500 in the account at the end of 90 days following account opening.
4. Have at least 10 electronic transactions post to the account within 90 days of account opening. Electronic transactions can be any combination of ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions. ATM transactions and POS credits do not qualify.
To receive the $500 checking bonus:
1. Open a new Business Advantage Checking account between January 16, 2018, and October 31, 2018.
2. Make a minimum opening deposit of $5,000 in funds not currently on deposit at BMO Harris Bank or its affiliates.
3. Have a collected balance of at least $5,000 in the account at the end of 90 days following account opening.
4. Have at least 10 electronic transactions post to the account within 90 days of account opening. Electronic transactions can be any combination of ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions. ATM transactions and POS credits do not qualify.
BMO Business Promotional Terms
- You can receive either the $200 checking bonus or the $500 checking bonus.
- To receive a checking bonus, you must open the account in a BMO Harris branch and present the promo code email from BMO Harris.
- Your account must be open and in good standing when the bonus is paid approximately 120 days after opening.
- For Business Advantage Checking, the accrued interest will be increased by the amount of the bonus. The accrued interest will be credited at the next scheduled interest payment, which may be after the 120 days.
- Offers are not available to existing BMO Harris business checking customers or those who have closed a BMO Harris business checking account within the past 12 months.
- Bonus is not considered part of the opening deposit and will be reported to the IRS for tax purposes.
- Offers cannot be combined with any other offer and are limited to 1 per customer.
- The minimum deposit to open a business checking account is $100, however to receive the bonus you must open the account with the minimum as stated above.
BMO Harris Bank $200 Checking Account Promotion – EXPIRED
BMO Harris Bank is offering a $200 cash bonus when you open a new personal checking account and receive 2 qualifying direct deposits of $500 or more each and make at least 10 debit card purchases within 90 days of account opening, valid through June 29, 2018.
Just visit this BMO Harris $200 Checking Bonus to apply online or request your coupon code by email.
The online application will automatically apply the promo code, or you must mention the promo code in the email sent to you at account opening, either in-branch or by telephone.
Your account must be open and in good standing when the bonus is paid approximately 120 days after opening.
How To Qualify for $200 Bonus
1. Open a new BMO Harris Smart Money Account, BMO Harris Smart Advantage Account, or BMO Harris Premier Account by June 29, 2018, by applying online, in a BMO Harris Branch, or by calling 1-866-362-1166.
2. Have at least 2 direct deposits of any combination of a paycheck, pension payment, Social Security payment, or other government benefits payment of $500 or more each electronically deposited into the account from an employer or outside agency within 90 days of opening.
3. Have at least 10 debit card purchases made with your BMO Harris Bank Debit Mastercard post to your account within 90 days of account opening.
4. Your account must be open and in good standing when the $200 bonus is paid approximately 120 days after opening.
BMO Harris Bank Promotional Details
This offer is limited to 1 bonus per account, and it cannot be combined with any other offer.
This offer not available to existing BMO Harris personal checking account customers (including all signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months.
Direct Deposit Details
In order to receive the incentive, you must establish a qualified direct deposit.
A qualified direct deposit is a recurring direct deposit of a paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into your new personal checking account on a recurring basis, at least monthly, from an employer or an outside agency.
In order to qualify for the cash bonus, each direct deposit must be in an amount of $500 or more, and the direct deposits must occur within 90 days of account opening.
Bonus Payout Details
The cash incentive will be deposited into your new personal BMO Harris checking account approximately 120 days after account opening.
Your account must be open and in good standing on the payment date to receive the cash bonus.
BMO Harris Bank Checking Fee Waiver Details
It’s important to note that these checking accounts do have monthly maintenance fees, but you can avoid these fees by meeting certain requirements, so read the fine print closely before opening an account.
BMO Harris Smart Money Account – No minimum balance required; $5 monthly maintenance fee is waived if you’re under 25; $2 paper statement fee is waived with eStatements if you’re under 25.
BMO Harris Smart Advantage Account – No monthly maintenance fee; $2 paper statement fee waived with eStatements.
BMO Harris Premier Account – $30 monthly maintenance fee waived when you have 1 of the following: $25,000 minimum daily balance, $50,000 in combined balances with Relationship Waiver, or a BMO Harris Financial Advisors, Inc. investment account.
BMO Harris Bank $500 Targeted Combo Offer – EPIRED
The below offer is being targeted to potential new BMO Harris Bank customers by mail in 2017, although anybody can qualify by presenting the coupon code flyer in person at your local branch (I do not have the latest flyer at this time, but I will update this article when I receive one, and you may also receive one in the mail.).
BMO Harris Bank $300 Personal Checking Account Bonus
Open an eligible new BMO Harris personal checking account by October 27, 2017, to get a $300 bonus (BMO Harris Everyday Checking, BMO Harris Select Checking, or BMO Harris Portfolio Checking).
1. Bring the mailer to any BMO Harris branch and open your checking account (try providing Promo Code DMSEP17CHK500 in-branch if you don’t have a mailer).
2. Complete at least 2 qualifying direct deposits within 90 days of any combination of a paycheck, pension payment, Social Security payment, or other government benefits payment of $300 or more each electronically deposited into the account from an employer or outside agency.
BMO Harris Bank $200 Statement Savings Account Bonus
Open a BMO Harris Statement Savings account by October 27, 2017, to earn a $200 bonus.
1. Bring the mailer to any BMO Harris branch and open a BMO Harris Statement Savings account with at least $15,000.
2. Maintain your $15,000 balance for 90 days.
BMO Harris Bank $500 Targeted Offer Details
Updated 10/16/2017 – Promotion Working for Non-Targeted Users: Please note that I have provided copies of the $500 BMO coupon to several readers who have reported being able to successfully redeem them in-branch, so it’s worth a try if you are interested.
These specific bonuses for up to $500 with new checking and savings accounts have been mailed out to targeted people for a while now, as I’ve personally received a mailer about every other week for the last few months.
In order to qualify, you must bring your original mailer to a BMO Harris branch at account opening, but if you don’t receive a bonus flyer by mail, you could always try showing up in person and providing the Promo Code DMSEP17CHK500 or copying a picture of the flyer on your phone (email me at MaximizingMoney@gmail.com to request one), as BMO Harris may possibly accept you into the offer if they are looking to get new customers.
They do indicate that this offer is only available to accounts sharing the same address that is listed on the original mailer at the time of account opening, but if you show up ready to open accounts with the promotional code, you never know and they may just let you qualify.
Open a BMO Harris Bank personal checking account and/or savings account to qualify for up to $500 in cash rewards.
this is not nationwide. i called and confirmed the fine print,
“If you are opening your account online or by phone, you must reside in a state that BMO Harris operates retail branches and use that address to open the account. BMO Harris currently operates retail branches in AZ, FL, IL, IN, KS, MO, MN and WI.”
You must live in one of those states to earn the $200
update:
*they have made changes to restrict it to you needing to be within a footprint radius of their locations. In order to know if your code will work outside of that footprint you need to call and ask them to verify if it will work or not
Thank you, Jake. I have updated the article to reflect this change in the fine print. They used to offer this promotion online nationwide, but I guess they decided to restrict it again to states with their footprint. I appreciate your comment.
Actually you can apply nationwide by calling them, you just have to have them e-mail the coupon code before you call.
I did the bonus last year for $250 and even though it was a hassle to apply by phone, wait for the approval to come by mail, send them a copy of your driver’s license, the signature card, copy of the e-mail with the coupon code and your opening deposit, they weren’t hard to deal with after that.
My ACH transfer from Ally Bank even worked for the direct deposit requirement and the bonus was received 40 days from the direct deposit.
Have you got the code for the bonus? Need that. Future thanks.
Hello John,
On the promotional page, there is an option to “Email myself a coupon and find a banker,” which allows you to have the cash bonus coupon emailed to you.
They should send you a unique code to use for the bonus if you complete the form.
I’m not sure if you tried this already, but I hope this helps. Max
I was denied bonus even after applying promo. They said it’s a targeted offer. Although I opened it by calling customer care and was assured that bonus will be given once all prerequisites are met. They are deliberately misleading customers. So please take this off from your list if possible. So that people do not waste money and time opening account with BMO
BEWARE!! BMO may “accidently” send your welcome packet with all your personal information to another customer then offer you FREE CREDIT MONITORING.
I’ve visited their branch to open an account and they asked me for my SSN. I asked is SSN for a soft pull of my Credit or it will be a hard one. I got a response that it’ll be a hard pull so i declined the offer. Visited the branch in WestPalmBeach, FL on August 4th.
BMO Harris will not honor these coupons, I met all the requirements and on hold with telephone banking now complaining, he said I’d have to go to the branch I opened it at (which means a manager would have to debit their “goodwill” ledger).
If you do some research (I work in retail banking, so I did), BMO does targetted marketing with these, unlike other banks, the coupon code is generic and only intended for selected customers so unless you’re on their hit list they will not allow you to use these coupons. I even contacted telephone banking prior to opening mine and she told me the one from this site from 4Q14 was eligible to everyone, unfortunately not true, don’t waste your time with BMO promos.
I was denied bonus even after applying promo. They said it’s a targeted offer. Although I opened it by calling customer care and was assured that bonus will be given once all prerequisites are met. They are deliberately misleading customers. So please do not waste your time and money.
Jerome, Did u get your promotional bonus yet ?
The Bank’s promotion page doesn’t say that the offer on new checking account is only for certain geographical areas (to individuals residing in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Nevada, Florida, Washington, and Wisconsin). Can people not residing in the above mentioned areas apply in order to avail the offer ?
I opened an account with them because I wanted the bonus. I’ve met the requirements and it’s beyond the 120 days, but BMO Harris is refusing to give me the bonus. Beware of being mislead.
They’ did same with me. After 120 days of wait, they are refusing. They are asking me to provide proof of offer received as this is customer specific offer. Although I opened it through phone and asked CSR multiple times about promo code. She said yes will be getting it after meeting requirements.
Hey I was wondering if this offer is valid for people from other states not listed above, if we were to apply online?
Anybody know if this is a soft or hard inquiry? What is considered a direct deposit (other than the usual employment salary).
Chexsystems inquiry only (in my local Florida Branch anyway) no hard pull for my everyday checking account.
I have used my real payroll DD as I did not want to chance any issues with the $150 bonus. So I do not know about what counts as DD other than their clearly detailed statement that it has to be a payroll legit DD.
Make sure to read the fine print on maintenance fees very closely:
BMO Harris Everyday Checking account has a monthly maintenance fee of $10. The fee will not be charged if ANY ONE of the following occurs during the statement period:
This account has Incoming External Deposits totaling $500 or more.
The minimum daily Ledger Balance in this account is $1,000 or more.
Your BMO Harris Select Checking account meets its $10,000 minimum Combined Balance requirement, and you have requested we link this account to your BMO Harris Select Checking account to receive benefits under Relationship Waiver. (Monthly maintenance fee waiver is limited to one (1) BMO Harris Everyday Checking account.)
Your BMO Harris Portfolio Checking account meets its $25,000 minimum Combined Balance requirement, and you have requested we link this account to your BMO Harris Portfolio Checking account to receive benefits under Relationship Waiver. (Monthly maintenance fee waiver is limited to a total of two (2) BMO Harris Everyday Checking accounts.)