BMO Checking Account Bonus & Promotions: June 2026
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BMO rolls out enticing checking offers from time to time to attract new customers. Find the latest bonus deals here.
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Thinking about switching banks or opening your first checking account? If you love a good deal (who doesn't?), BMO's promotions might be worth checking out.
Explore what it's offering right now and see if this is a good time to make a banking move.
BMO Checking Account Bonus Offers 2026
You know how these checking bonuses go—they don't stick around forever! Don't miss these limited-time offers from BMO:
Personal Checking Account - $400 Bonus
Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account. Set up and receive qualifying direct deposits totaling $4,000 or more within 90 days of account opening.
BMO is an acronym for Bank of Montreal, a highly diversified financial services organization established in Canada over two centuries ago. BMO is also its stock ticker symbol in the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).
Other BMO account bonus offers
The following bonuses might also work for you:
BMO: Business Checking Account - $1,500 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $100,000 or more on the 30th day after account opening. Balance in the account must be $100,000 or more from the 31st to the 90th day after opening the account.
BMO: Business Checking Account - $1,000 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $50,000 or more on the 30th day after account opening. Balance in the account must be $50,000 or more from the 31st to the 90th day after opening the account.
BMO: Business Checking Account - $750 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $25,000 or more on the 30th day after account opening. Balance in the account must be $25,000 or more from the 31st to the 90th day after opening the account.
BMO: Business Checking Account - $400 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $4,000 or more on the 30th day after account opening. Balance in the account must be $4,000 or more from the 31st to the 90th day after opening the account.
BMO: Savings Account - Up to $60 Bonus
Open a new Statement Savings account. Earn $5 every month when you save $200 or more per month. Your account is only eligible for 12 consecutive months beginning with the month your account is opened. See terms and conditions for more information.
BMO offers limited-time referral bonuses in Canada[1] but not in the U.S. Nevertheless, this may change in the future.
How do I get my bonus at BMO?
Personal Checking Account - $400 Bonus
Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account. Set up and receive qualifying direct deposits totaling $4,000 or more within 90 days of account opening.
Business Checking Account - $1,500 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $100,000 or more on the 30th day after account opening. Balance in the account must be $100,000 or more from the 31st to the 90th day after opening the account.
Business Checking Account - $1,000 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $50,000 or more on the 30th day after account opening. Balance in the account must be $50,000 or more from the 31st to the 90th day after opening the account.
Business Checking Account - $750 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $25,000 or more on the 30th day after account opening. Balance in the account must be $25,000 or more from the 31st to the 90th day after opening the account.
Business Checking Account - $400 Bonus
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account online or at a branch. Account balance must be $4,000 or more on the 30th day after account opening. Balance in the account must be $4,000 or more from the 31st to the 90th day after opening the account.
Bonuses offered during an active BMO promotion are often credited into your new account within 100 days of opening it.
How much is a BMO checking account?
To open any BMO personal checking account, you only need $25[2] as initial deposit. Meanwhile, here are the monthly fees you can expect by checking type:
| Type | Monthly Maintenance Fee | Conditions |
|---|---|---|
| BMO Smart Advantage Checking | $0 | Paperless statements |
| BMO Smart Money Checking | $5 | Waivable if you're under 25 years old. |
| BMO Relationship Checking | $25 | Waivable with a daily ledger balance of $10,000 minimum, or a monthly combined balance of at least $25,000, or as a client under the Best of BMO U.S. program  . |
Personal Checking Account - $400 Bonus
Open a new BMO Smart Money Checking, BMO Smart Advantage Checking, or BMO Relationship Checking account. Set up and receive qualifying direct deposits totaling $4,000 or more within 90 days of account opening.
BMO Smart Advantage Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- No monthly fees with paperless statements
BMO Smart Money Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- $5 monthly maintenance fee ($0 if you're under 25 years old)
BMO sign-up bonuses are considered income by the IRS
therefore, they're taxable. BMO may send you a Form 1099-INT, but even if they don't, you're required to report your bonus in your next tax filing.Is BMO a good bank?
BMO can be considered a good bank if you value a full-service institution with a wide geographical presence and an extensive ATM network. Plus, its fees are quite reasonable and it offers sign-up bonuses occasionally.
However, BMO might not be the best choice if you're looking for white glove customer service in a brick-and-mortar bank. While it has received many accolades from respectable organizations over the years, it contrasts with the negative user experiences shared on social media and review platforms.
BMO checking bonus alternatives
Wondering what other checking bonuses are similar to BMO's offer? Explore your options below:
HSBC Premier - Up to $5,000
Discover all that Premier can do for you
- Earn our best savings rate with a Premier Relationship Savings account for an introductory period and thereafter if you qualify
- Send money internationally, securely, quickly and fee-free in the HSBC mobile app with our award-winning HSBC Global Money Transfers
- Enjoy peace of mind with unique travel benefits available through our credit cards
Here's how the offer works
- Open a Premier checking account by June 30, 2026
- Add your desired level of deposits and/or eligible investments within 20 days
- Get $1,500: Deposit or invest $150,000 to $249,999
- Get $2,500: Deposit or invest $250,000 to $499,999
- Get $3,500: Deposit or invest $500,000 to $999,999
- Get $5,000: Deposit or invest $1,000,000+
- Maintain your balances for 3 full consecutive months
- Remain opted-in to receive HSBC marketing emails
If all offer requirements are met, the bonus will be paid within 8 weeks.
Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer
- New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
- Bank of America N.A. Member FDIC.
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Key Select Checking® - $500 Bonus
- Open a Key Select Checking® account online by December 11, 2026.
- Make the minimum opening deposit of $50 and make a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
$75 Sign Up Bonus
Open your first Current account using promo code PAYROLL75. Receive a single eligible payroll deposit of $200 or more within 45 days of account opening.
This offer has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by Current.
Bottom Line
If you're ready to make a move, BMO's bonus offers could be your ticket to some extra cash.
Just remember to check those requirements carefully and jump on the opportunity while it's hot. After all, nothing feels better than getting a nice welcome incentive.
References
- ^ BMO. Referral Campaign, Retrieved 1/08/2025
- ^ BMO US. Compare Checking Accounts, Retrieved 1/07/2025
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Bank of America Advantage Plus Banking® - Up to $500 Bonus Offer
- New checking customers only: Get a bonus offer up to $500 after completing qualifying transactions. See offer page for more details
- Bank of America N.A. Member FDIC.
CIT Bank Platinum Savings - 4.10% APY Boost
| Tier | Boost APY |
|---|---|
| Balance over $5,000 | 4.10%* |
| Balance less than $5,000 | 0.60%* |
After boost is completed, you will continue to earn our best standard rates:
| Tier | APY |
|---|---|
| Balance over $5,000 | 3.75%1 |
| Balance less than $5,000 | 0.25%1 |
- Needs to use promo code to qualify: CITBoost
- Boost lasts 6 months over standard APY
- Tiered account
- $100 minimum account opening
- Member FDIC
- No Monthly Service fees
- No account opening fees
HSBC Premier - Up to $5,000
Discover all that Premier can do for you
- Earn our best savings rate with a Premier Relationship Savings account for an introductory period and thereafter if you qualify
- Send money internationally, securely, quickly and fee-free in the HSBC mobile app with our award-winning HSBC Global Money Transfers
- Enjoy peace of mind with unique travel benefits available through our credit cards
Here's how the offer works
- Open a Premier checking account by June 30, 2026
- Add your desired level of deposits and/or eligible investments within 20 days
- Get $1,500: Deposit or invest $150,000 to $249,999
- Get $2,500: Deposit or invest $250,000 to $499,999
- Get $3,500: Deposit or invest $500,000 to $999,999
- Get $5,000: Deposit or invest $1,000,000+
- Maintain your balances for 3 full consecutive months
- Remain opted-in to receive HSBC marketing emails
If all offer requirements are met, the bonus will be paid within 8 weeks.
No-Fee Business Checking
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 3.00% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
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