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BMO Bank vs Western Alliance Bank

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

BMO Bank has over 600 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 Western Alliance Bank offers high-yield savings products and CD accounts.

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

 BMO Bank
Member FDIC
Western Alliance Bank
 Visit SiteVisit Site
 

BMO Bank

Western Alliance Bank

SPECIAL OFFER
BMO Smart Advantage Checking - $350 Cash Bonus - Learn More

Read BMO Bank Review

SPECIAL OFFER
High-Yield Savings Premier - 5.36% APY

Read Western Alliance Bank Review

 

Benefits and Features

Savings0.01% APY. $5 reward every month you save $200 or more, for the first year.
5.36% APY
CD0.05% - 4.90% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.Up to 5.30%; 3-12 month term CDs. $1 minimum deposit.
CheckingSmart Advantage, Smart Money, Relationship
N/A
Money Market1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. 
ATMs
40,000+ BMO and Allpoint ATMs
 
Customer ServiceMon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm 
IRA CD0.05% - 0.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit 
IRA Money MarketIRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee 
Locations
981 branches
35 locations
 

CreditDonkey® Reviews

 BMO BankWestern Alliance Bank
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
CDStarStarStarStarEmpty StarStarStarStarStarStar
CheckingStarStarStarStarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Pros:
  • High APY
  • No account activity or maintenance fees
Cons:
  • No debit card or checks
Bottom LineMidwest bank with options for low and high-balance customers... Read full reviewSolid bank that offers high APY savings products with a fully digital experience... Read full review
 Visit SiteVisit Site

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

BMO Bank: Pricing information from published website as of 05/13/2024 based on 60603 zip code.

Western Alliance Bank: Information sourced from the published website as of 04/30/2024.

BMO Bank
Member FDIC

BMO Smart Advantage Checking - $350 Cash Bonus

Get a $350 cash bonus when you open a new Smart Money Checking or Smart Advantage Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.

Expires 9/9/2024
BMO Bank
Member FDIC

BMO Smart Money Checking - $350 Cash Bonus

Get a $350 cash bonus when you open a new Smart Money Checking or Smart Advantage Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.

Expires 9/9/2024
BMO Bank
Member FDIC

BMO Relationship Checking - $500 Cash Bonus

Get a $500 cash bonus when you open a new Relationship Checking account and have a cumulative total of $7,500 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.

Expires 9/9/2024
High-Yield Savings Premier - 5.36% APY

High-Yield Savings Premier - 5.36% APY

  • No account activity or maintenance fees
  • $500 minimum opening deposit
  • FDIC insured
5.36% annual percentage yield (APY) is accurate as of 1/17/2024 and subject to change at the Bank's discretion. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Member FDIC
Western Alliance Bank

5-Month High-Yield CD - 5.30% APY

  • No fees
  • $1 minimum deposit
  • 24/7 online access
  • FDIC insured
Western Alliance Bank

3-Month High-Yield CD - 5.26% APY

  • No fees
  • $1 minimum deposit
  • 24/7 online access
  • FDIC insured

Which is Better: BMO Bank or Western Alliance Bank?

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

In short: BMO Bank's mobile app is notable. Western Alliance Bank's savings and cd are outstanding.


Articles on BMO Bank

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

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

What is BMO Bank

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 Western Alliance Bank

Western Alliance Bank Review

Western Alliance Bank offers savings products with competitive APYs for people looking to grow their money. Is there a catch? Read on to find out.

Which Do You Think is Best?





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