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Bluevine vs BMO Bank

Bluevine is a free account with interest for basic business checking needs. How does it compare to BMO Bank? Read our comparison chart below.

Bluevine offers one of the highest APYs on the market for its Business Checking account. You also get 5 free subaccounts, unlimited transactions, 2 free checkbooks a year, and additional users at no extra cost. There's no monthly fee.

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

 BluevineBMO Bank
Member FDIC
 Visit SiteVisit Site
 

Bluevine

BMO Bank

SPECIAL OFFER
Free Business Checking - Up to 2.0% APY - Learn More

Read Bluevine Review

SPECIAL OFFER
BMO Smart Advantage Checking - $250 Cash Bonus - Learn More

Read BMO Bank Review

 

Benefits and Features

SavingsNo savings account, but you add 5 free sub accounts0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking4.25% APY for Premier customers, 2.0% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine StandardSmart Advantage, Smart Money, Relationship
Monthly FeeStandard tier: $0 per month
Premier tier: $95 per month (can be waived with $100k average daily balance and $5k debit card spend)
 
Money Market 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
APY4.25% APY on balances up to $3M for Premier customers; 2.0% APY on balances up to $250,000 for Standard tier customers that meet monthly eligibility requirements 
Minimum Deposit to Open
$0
 
ACH Transfer Fee
$0
 
ATMs
38,000+ MoneyPass ATMs
40,000+ BMO and Allpoint ATMs
Balance Requirement
None
 
Cash Deposit Fee
  • $4.95 per deposit at Green Dot locations
  • $1 + 0.5% of the deposit amount at Allpoint+ ATMs
 
Customer ServicePhone and email: Monday - Friday. 8 am to 8 pm ESTMon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
Incoming Wire Transfer Fee
$0
 
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
Online only
More than 1,000 branches
Out of Network ATM Fee
$2.50
 
Outgoing Wire Transfer Fee
$15 ($7.50 for Premier)
 
Overdraft Fee
$0
 
 

CreditDonkey® Reviews

 BluevineBMO Bank
CheckingStarStarStarStarHalf StarStarStarStarStarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
SavingsStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High interest rate
  • $0 monthly fee
  • 2 free checkbooks
Cons:
  • Fees to deposit cash
  • No physical branches
Pros:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Bottom LineFree account with interest for basic business checking needs... Read full reviewMidwest bank with options for low and high-balance customers... Read full review
 Visit SiteVisit Site

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

BMO Bank: Pricing information from published website as of 03/01/2024 based on 60603 zip code.

Bluevine

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
Bluevine

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on balances up to $250,000 for eligible customers
  • Unlimited transactions
  • 5 free subaccounts with unique account numbers
  • 2 free checkbooks per year
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
Bluevine

Premier Business Checking - Up to 4.25% APY

  • 4.25% APY on balances up to $3,000,000
  • $0 minimum opening deposit
  • 50% off most Standard payment fees
  • Priority customer support
  • Waive the $95 monthly service fee with $100k average daily balance and $5k debit card spend
Banking services provided by Coastal Community Bank, Member FDIC
BMO Bank
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.

Expires 5/3/2024
BMO Bank
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.

Expires 5/3/2024
BMO Bank
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.

Expires 5/3/2024

Which is Better: Bluevine 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 Bluevine or Chase.


Articles on Bluevine

Bluevine Business Checking Review

Bluevine offers free business checking with a high interest rate. But what's the catch? Is it right for your business? Read on for the full review.

Is Bluevine Safe

Bluevine provides banking products for small business owners in the digital age. But is it safe and legit? Read on to find out.

Bluevine Alternatives

Bluevine offers a high APY and no monthly fees. But it has limitations. Find out if one of these business checking alternatives is better for you instead.

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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