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BMO vs Citibank

BMO is a midwest bank with options for low and high-balance customers. How does it compare to Citibank? Read our comparison chart below.

BMO has over 900 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.

While Citibank has over 600 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

 BMO
Member FDIC
Member FDIC
 Visit SiteLearn More
 

BMO

Citibank

SPECIAL OFFER
BMO Smart Advantage Checking account - Earn $400 Cash Bonus* - Learn More

Read BMO Review

OFFER
Citi Checking - $1,500 Bonus

Read Citibank Review

 

Benefits and Features

Savings0.01% APY. $5 reward every month you save $200 or more, for the first year.
  • CitiĀ® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • CitiĀ® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
CD0.05% - 3.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
  • 6-Month Fixed Rate CD - 3.00% APY
  • 9-Month Fixed Rate CD - 3.00% APY
  • 5-Year Fixed Rate CD - 2.00% APY
  • 1-Year Fixed Rate CD - 0.10% APY
  • 3-Month Fixed Rate CD - 0.05% APY
CheckingSmart Advantage, Smart Money, Relationship
Check
Money MarketUp to 2.68% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
Mobile App 
iOS & Android
ATMs
40,000+ BMO and Allpoint ATMs
More than 65,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Customer ServiceMon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm24/7 Live Customer Service (Telephone)
IRA CD0.05% - 1.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
Check
IRA Money MarketIRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Check
Locations
981 branches
645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.
 

CreditDonkey® Reviews

 BMO
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Pros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineMidwest bank with options for low and high-balance customers... Read full reviewLarge national bank best for high balance customers... Read full review
 Visit SiteLearn More

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

    BMO: Pricing information from published website as of 05/09/2025 based on 60603 zip code.

    Citibank: Pricing information from published website as of 05/07/2025. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    BMO
    Member FDIC

    BMO Smart Advantage Checking account - Earn $400 Cash Bonus*

    $400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

    Expires 9/8/2025
    BMO
    Member FDIC

    BMO Smart Money Checking account - Earn $400 Cash Bonus*

    $400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

    Expires 9/8/2025

    Which is Better: BMO or Citibank?

    Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO or Chase.

    In short: BMO's cd and checking are notable.


    Articles on BMO

    BMO 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 account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

    BMO Checking Account Bonus & Promotions

    BMO rolls out enticing checking offers from time to time to attract new customers. Find the latest bonus deals here.

    Who Owns BMO

    BMO is a publicly-traded company with significant institutional investors. These include several well-known Canadian asset management firms and banks.

    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? They have a Financial Crimes Unit backing you up, for one. Read on for more details.

    What is BMO

    BMO Harris is now BMO. But are they a legit bank? Find out if you should bank with them.

    BMO Smart Money vs Smart Advantage

    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.

    Articles on Citibank

    Citibank Review

    Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Open Citi Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Savings Account Interest Rate

    Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

    Citi High Yield Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Which Do You Think is Best?





    Which Bank Account is Right for You?


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    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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