BMO Bank vs Wells Fargo

BMO Bank is a midwest bank with options for low and high-balance customers. How does it compare to Wells Fargo? Read our comparison chart below.

BMO Bank has over 600 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.

While Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare BMO Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	BMO Bank	Wells Fargo
	Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER BMO Smart Advantage Checking - $250 Cash Bonus - Learn More Read BMO Bank Review	SPECIAL OFFER Savings Account - $525 Bonus - Learn More Read Wells Fargo Review
	Benefits and Features
Savings	0.01% APY. $5 reward every month you save $200 or more, for the first year.	0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD	0.05% - 4.90% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.	Standard Fixed Term CD available online: 1.50% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch.
Checking	Smart Advantage, Smart Money, Relationship	Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market	1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.	Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship.
ATMs	40,000+ BMO and Allpoint ATMs	approximately 11,000 ATMs across the country
Customer Service	Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm	Available 24 hours a day, 7 days a week.
IRA CD	0.05% - 0.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit	Standard Term CD: 0.01% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market	IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee	Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit.
Locations	981 branches	Approximately 4,500+ retail banking branches coast to coast.
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY	Pros: Low requirements for Everyday Checking Full service bank 24/7 customer service Cons: Low savings rates Not in all states
Bottom Line	Midwest bank with options for low and high-balance customers... Read full review	A "big 4" bank with a good range of checking accounts and full services... Read full review
	Visit Site	Learn More
	BMO Smart Advantage Checking - $250 Cash Bonus BMO Smart Money Checking - $250 Cash Bonus BMO Relationship Checking - $400 Cash Bonus	Savings Account - $525 Bonus Personal Checking Account - $300 Bonus Personal Checking Account - $3,500 Bonus
BMO Bank: Pricing information from published website as of 04/09/2024 based on 60603 zip code. Wells Fargo: Pricing information from the published website as of 04/10/2024 is based on the 91101 zip code.

Member FDIC

BMO Smart Advantage Checking - $250 Cash Bonus

Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. 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. Conditions apply.

Get Deal

Expires 5/3/2024

Member FDIC

BMO Smart Money Checking - $250 Cash Bonus

Open a new BMO Smart Money Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. 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. Conditions apply.

Get Deal

Expires 5/3/2024

Member FDIC

BMO Relationship Checking - $400 Cash Bonus

Open a new BMO Relationship Checking account and get a $400 cash bonus when you have a cumulative total of $7,500 in qualifying direct deposits within 90 days of account opening. 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. Conditions apply.

Get Deal

Expires 5/3/2024

Which is Better: BMO Bank or Wells Fargo?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO Bank or Chase.

In short: Wells Fargo's customer service is worth mentioning.

Articles on BMO Bank

BMO Bank Review

BMO offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

BMO Routing Number

If you have a BMO Bank account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

Is BMO an Ethical Bank

BMO has been recognized as one of the World's Most Ethical Companies for six consecutive years. How did they earn this award? Find out.

BMO Relationship Minimum Balance

Get more perks when you open a BMO Relationship Checking Account. Find out the balance you need to reach to unlock them.

Is BMO a Good Bank

Is BMO a good choice for your banking needs? Find out here.

Is BMO a Safe Bank

Wondering about the security of your funds with BMO Bank? They have a Financial Crimes Unit backing you up, for one. Read on for more details.

What is BMO Bank

BMO Harris is now BMO. But are they a legit bank? Find out if you should bank with them.

BMO Smart Money vs Smart Advantage

BMO's Smart Advantage has $0 monthly fees. Smart Money has no overdraft fees. Which one is a smarter choice? Read on to find out.

Is BMO a Real Bank

BMO, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

Articles on Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.