BMO Harris Bank Promotions: Up to $500 for Personal, $500 for Business Accounts

BMO Harris Logo

BMO Harris is a bank based in Chicago, IL and has over 600 locations spread out across eight states. FDIC-insured (FDIC #16571) since 1947, BMO Harris has locations in AZ, FL, IL, IN, KS, MO, MN and WI.

BMO Harris Bank isn’t as well known as some of the other banks we cover but their promotions will get your attention. They are a subsidiary of the Bank of Montreal (hence BMO) and picked up the other parts of its names over various acquisitions over the years.

As of this writing, they only have one active personal account bonus (it’s meh) and a pair of business account promotions. They frequently run consumer banking promotions and we will update those as soon as they release more information about those offers.

Table of Contents
  1. Smart Advantage™ Account — $300
  2. Statement Savings Account — up to $60
  3. Smart Premier™ Account — $500
  4. Essential Business Checking — $200
  5. Business Advantage Checking — $500
  6. How Does This Offer Compare?

Smart Advantage™ Account — $300

BMO Harris was offering a $300 bonus when you opened a Smart Advantage Account and receive a total of $4,000 or more qualifying direct deposits within the first 90 days. It was a very straightforward offer that is available to residents of AZ, FL, IL, IN, KS, MO, MN and WI.

The Smart Advantage account was great because it had no monthly statement fees if you used Paperless Statements.

Learn more about this offer
(Offer expires 9/30/2021)

Statement Savings Account — up to $60

BMO Harris has a promotion tied to savings and their Statement Savings account where you can get up to $60. For every month that your balance grows by at least $200, they will credit your account with $5 within 5 calendar days after the end of the month. This offer runs for 12 months from when you open the account, hence the “up to $60” promotion amount.

The minimum opening deposit is $25 and the account has a $5 monthly maintenance fee that is waived if you are under the age of 25 with a minimum $100 balance.

Learn more about this offer
(Offer expires 10/29/2021)

Smart Premier™ Account — $500

If you have a larger direct deposit available, BMO Harris will give you $500 bonus when you open a BMO Harris Premier™ Account and receive a total of $4,000 or more qualifying direct deposits within the first 90 days. There are no additional requirements, it’s just a higher direct deposit total amount over the 90 days.

The account does have a $25 waivable monthly maintenance fee but you get unlimited non-BMO Harris ATM transactions plus $25 monthly rebate on ATM fees from other banks. Also only available to residents of AZ, FL, IL, IN, KS, MO, MN and WI.

Learn more about this offer
(Offer expires 9/30/2021)

Essential Business Checking — $200

BMO Harris has a promotion where you can get $200 when you open a new Essential Business Checking account. Then, deposit at least $1,500 within 30 days of account opening to start the process. Once your balance is above $1,500, you must keep it above that amount for the next 90 days. Finally, you need at least 10 electronic transactions (ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions) to post to the account within 90 days of opening the account. Once you satisfy those conditions, the bonus money is yours.

No direct deposit requirement, as this is a business checking account. Available to residents of .

Learn more about this offer
(Offer expires 7/11/2021)

Business Advantage Checking — $500

There is a promotion where you can get $500 when you open a new Business Advantage Checking account. Then, deposit at least $5,000 within 30 days of account opening to start the process. Once your balance is above $5,000, you must keep it above that amount for the next 90 days. Finally, you need at least 10 electronic transactions (ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions) to post to the account within 90 days of opening the account. Once you satisfy those conditions, the bonus money is yours.

No direct deposit requirement, as this is a business checking account. Available to residents of .

Learn more about this offer
(Offer expires 6/13/2021)

How Does This Offer Compare?

If you are in the geographic region, which covers eight states, it’s a pretty solid offer when it’s running.

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

Chase Total Checking® – $225

Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

HSBC Premier Checking – $450

HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.

Huntington Bank – up to $500

If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.

As with any bank offer, BMO Harris or otherwise, make sure to review this guide on bank account bonuses – I share tips on how to make sure you get the bonus you earned with as little headache as possible.

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About Jim Wang

Jim Wang is a thirty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

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