BMO Harris Bank vs Bank of America
BMO Harris Bank is a midwest bank with options for low and high-balance customers. How does it compare to Bank of America? Read our comparison chart below.
BMO Harris Bank has 900 branches in the Midwest. Smart Advantage checking account 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.
While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.
Compare BMO Harris Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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BMO Harris Bank | Bank of America | |
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BMO Harris Smart Advantage™ Account - $300 Cash Bonus - | Bank of America Advantage Plus Banking® - $100 Bonus Offer - | |
Benefits and Features | ||
Savings | 0.01% 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. | ![]() |
Checking | Smart Advantage, Smart Money, Premier | ![]() |
Money Market | 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $10,000 minimum daily balance. | |
Customer Service | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm |
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ATMs | 40,000+ BMO Harris and Allpoint ATMs | |
IRA CD | 0.05% - 5.10% 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 | Approximately 3,800+ retail financial centers | |
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
CD | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Midwest bank with options for low and high-balance customers... | National bank with widespread accessibility and wide range of services... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. BMO Harris Bank: Pricing information from published website as of 4/18/2023 based on 91107 zip code. Bank of America: Pricing information from published website as of 5/15/2023 based on 91107 zip code. |
BMO Harris Smart Advantage™ Account - $300 Cash Bonus
Open a new BMO Harris Smart Advantage™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
BMO Harris Smart Money™ Account - $300 Cash Bonus
Open a new BMO Harris Smart Money™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
BMO Harris Premier™ Account - $500 Cash Bonus
Open a new BMO Harris Premier™ Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
Which is Better: BMO Harris Bank or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO Harris Bank or Chase.
In short: BMO Harris Bank's cd and checking are notable.