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.
 |  | |
| Visit Site | Visit Site | |
Bluevine | BMO Bank | |
|---|---|---|
Free Business Checking - Up to 2.0% APY - | BMO Smart Advantage Checking - $250 Cash Bonus - | |
Benefits and Features | ||
| Savings | No savings account, but you add 5 free sub accounts | 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 | 4.25% APY for Premier customers, 2.0% APY for Bluevine Standard tier customers. No monthly fees, no balance requirements, and no overdraft fees for Bluevine Standard | Smart Advantage, Smart Money, Relationship |
| Monthly Fee | Standard 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. | |
| APY | 4.25% 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 | ||
| ACH Transfer Fee | ||
| ATMs | ||
| Balance Requirement | ||
| Cash Deposit Fee | $4.95 per deposit at Green Dot locations or $1 + 0.5% of the deposit amount at Allpoint+ ATMs | |
| Customer Service | Phone and email: Monday - Friday. 8 am to 8 pm EST | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm |
| Incoming Wire Transfer Fee | ||
| 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 | ||
| Out of Network ATM Fee | ||
| Outgoing Wire Transfer Fee | ||
| Overdraft Fee | ||
CreditDonkey® Reviews | ||
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| Checking |   |  |
| Fees | | |
| Mobile App | | |
| Customer Service | | |
| Savings | | |
| CD | | |
| Money Market | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Free account with interest for basic business checking needs... | Midwest bank with options for low and high-balance customers... |
| Visit Site | Visit 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 04/09/2024 based on 60603 zip code. | ||
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
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
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
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.
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.
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.
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
Is Bluevine Safe
Bluevine Alternatives
Articles on BMO Bank
BMO Bank Review
BMO Routing Number
Is BMO an Ethical Bank
BMO Relationship Minimum Balance
Is BMO a Good Bank
Is BMO a Safe Bank
What is BMO Bank
BMO Smart Advantage vs Smart Money
Is BMO a Real Bank
Which Do You Think is Best?
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