BMO Harris Bank vs Wells Fargo
BMO Harris Bank is a midwest bank with options for low and high-balance customers. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and 12,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.
Compare BMO Harris Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.
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BMO Harris Bank | Wells Fargo | |
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BMO Harris Smart Advantage™ Account - $300 Cash Bonus - | Personal Checking Account - $2,500 Bonus - | |
Benefits and Features | ||
Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | 0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. |
CD | 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. | Standard Term CD: 0.50% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. |
Checking | Smart Advantage, Smart Money, Premier | Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo |
Money Market | 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $10,000 minimum daily balance. | Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship. |
Customer Service | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm | Available 24 hours a day, 7 days a week. |
ATMs | 40,000+ BMO Harris and Allpoint ATMs | More than 12,000 ATMs across the country. |
IRA CD | 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | Standard Term CD: 0.01% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. |
IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit. |
Locations | Approximately 4,500+ retail banking branches coast to coast. | |
CreditDonkey® Reviews | ||
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Pros & Cons | Pros:
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Bottom Line | Midwest bank with options for low and high-balance customers... | |
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BMO Harris Bank: Pricing information from published website as of 4/18/2023 based on 91107 zip code. Wells Fargo: Pricing information from published website as of 5/27/2023 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 Wells Fargo?
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