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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 600 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 over 5,000 locations and 16,000 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.

 

BMO Harris Bank

Bank of America

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Benefits and Features

Savings 0.03% APY (up to 0.06% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
CD Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 1.00% - 1.45% APY. Terms of 12,13, 25, and 37 months. Minimum deposit of $10,000.
Customer Service Mon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
ATMs Approximately 15,900 ATMs around the country.
IRA CD Standard Term CD: 0.03% - 0.75% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.07% - 1.45% APY. Terms of 12, 13, 25, and 37 months. Minimum deposit of $2,000.
Locations 4600 retail financial centres around the country and brances in more than 40 other countries.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Free checking with eStatements
  • High APY for CDs
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Pros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Bottom LineMidwest bank with options for low and high-balance customers... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review

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

Bank of America: Pricing information from published website as of 2/28/2020 based on 91107 zip code.

Which is Better: BMO Harris Bank or Bank of America?

Still need help deciding which bank 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 is notable. Bank of America's mobile app is noteworthy.


Articles on BMO Harris Bank


Articles on Bank of America


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