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Associated Bank vs BMO Bank

Associated Bank is a midwest bank with basic offerings known for strong community relationships. How does it compare to BMO Bank? Read our comparison chart below.

Associated Bank has 230 locations in the Midwest and is known for strong community relationships. Offers 2 checking accounts with ways to waive fees, and premium rates if you open both a checking and savings account. Special Term CD offers a high rate with a $5,000 minimum opening deposit.

While 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.

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

 BMO Bank
Member FDIC
 Learn MoreVisit Site
 

Associated Bank

BMO Bank

SPECIAL OFFER
Access Checking® - Learn More

Read Associated Bank Review

SPECIAL OFFER
BMO Smart Advantage Checking - $350 Cash Bonus - Learn More

Read BMO Bank Review

 

Benefits and Features

Savings
Check
0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD 0.05% - 4.90% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking Smart Advantage, Smart Money, Relationship
Money Market 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
ATMs 
40,000+ BMO and Allpoint ATMs
Customer Service Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
IRA CD 0.05% - 0.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations 
981 branches
 

CreditDonkey® Reviews

 BMO Bank
SavingsStarStarStarHalf StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarHalf StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Money MarketStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • Wide ATM network
  • 24/7 customer service
  • Special Term CD with high APY
Cons:
  • No free checking option
  • High account fees
  • Limited branches
Pros:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Bottom LineMidwest bank with basic offerings known for strong community relationships... Read full reviewMidwest bank with options for low and high-balance customers... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Associated Bank: Pricing information from published website as of 03/16/2024.

BMO Bank: Pricing information from published website as of 05/13/2024 based on 60603 zip code.

BMO Bank
Member FDIC

BMO Smart Advantage Checking - $350 Cash Bonus

Get a $350 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. 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.

Expires 9/9/2024
BMO Bank
Member FDIC

BMO Smart Money Checking - $350 Cash Bonus

Get a $350 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. 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.

Expires 9/9/2024
BMO Bank
Member FDIC

BMO Relationship Checking - $500 Cash Bonus

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. 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.

Expires 9/9/2024

Which is Better: Associated Bank or BMO Bank?

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

In short: Associated Bank's savings and customer service are worth mentioning. BMO Bank's checking is notable.


Articles on Associated Bank

Associated Bank Review

If you live in the Midwest, you've likely heard of Associated Bank. Its account offerings are basic with higher fees, but is it a good fit for you? Read on.

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 Advantage vs Smart Money

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.

Which Do You Think is Best?





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