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.

	Associated Bank	BMO Bank
		Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Access Checking® - Learn More Read Associated Bank Review	SPECIAL OFFER BMO Smart Advantage Checking - $250 Cash Bonus - Learn More Read BMO Bank Review
	Benefits and Features
Savings		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

Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: 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 Line	Midwest bank with basic offerings known for strong community relationships... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Learn More	Visit Site
	Access Checking® Business Foundation Checking Business Checking Account - $750 Bonus	BMO Smart Advantage Checking - $250 Cash Bonus BMO Smart Money Checking - $250 Cash Bonus BMO Relationship Checking - $400 Cash Bonus
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 04/09/2024 based on 60603 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: 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.