BMO vs Santander Bank
BMO is a midwest bank with options for low and high-balance customers. How does it compare to Santander Bank? Read our comparison chart below.
BMO has over 900 branches and is the 7th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings Builder needs just $25 to open and has $0 monthly fee. Standard and Special CDs require a minimum opening deposit of $1,000.
While Santander Bank has over 600 branches in the Northeast. Offers a range of checking and savings accounts, with simple requirements to waive service fees. High balance customers can earn higher interest. Their CDs offer high a APY with $500 minimum opening deposit.
Compare BMO with Santander Bank, side-by-side.
BMO | Santander Bank | |
|---|---|---|
Savings Account - Up to $60 Bonus - | 13-Month CD - 3.00% APY - | |
Benefits and Features | ||
| Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | 0.01% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account 3) If any owner on the account is under age 26. |
| CD | 0.05% - 2.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. | 3.00% APY. 6 - 13 months. Minimum deposit of $500, with Santander Checking Account. |
| Checking | Smart Advantage, Smart Money, Relationship | |
| Money Market | Up to 2.30% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. | 0.03% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee. |
| ATMs | Over 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations | |
| Customer Service | Monday–Friday, 7 a.m.–11 p.m. (CT), and Saturday–Sunday, 8 a.m.–10 p.m. (CT) | Mon-Sun 8:00 am - 8:00 pm (ET) (excluding Christmas Day) |
| IRA CD | 0.05% - 0.75% 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 | ||
CreditDonkey® Reviews | ||
| Savings |   | |
| CD | | |
| Checking | | |
| Money Market | | |
| Mobile App |  | |
| Customer Service | | |
| Pros & Cons | Pros:
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| Bottom Line | Midwest bank with options for low and high-balance customers... | |
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 02/12/2026 based on 60603 zip code. Santander Bank: Pricing information from published website as of 02/04/2026 based on 02109 zip code. | ||
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 Bank of America.
Articles on BMO
BMO Review
BMO Routing Number
BMO Checking Account Bonus & Promotions
Who Owns BMO
Is BMO a Safe Bank
What is BMO
BMO Smart Money vs Smart Advantage
Which Do You Think is Best?
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