Citibank vs BMO Bank

Citibank is a large national bank best for high balance customers. How does it compare to BMO Bank? Read our comparison chart below.

Citibank has over 700 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.

While 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.

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

	Citibank	BMO Bank
	Member FDIC	Member FDIC
	Learn More	Visit Site
	OFFER Citi Priority - Earn up to $2,000 Cash Bonus Read Citibank Review	SPECIAL OFFER BMO Smart Advantage Checking - $400 Cash Bonus - Learn More Read BMO Bank Review
	Benefits and Features
Savings	Citi® 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. Citi® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD		0.05% - 5.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	Citi Priority	Smart Advantage, Smart Money, Relationship
Money Market		1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
Customer Service	24/7 Live Customer Service (Telephone)	Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
ATMs	More than 70,000 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.	40,000+ BMO and Allpoint ATMs
IRA CD		0.05% - 0.25% 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	More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)	More than 600 branches
	CreditDonkey® Reviews

Savings
CD
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Large national bank best for high balance customers... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Learn More	Visit Site
		BMO Smart Advantage Checking - $400 Cash Bonus BMO Smart Money Checking - $400 Cash Bonus BMO Relationship Checking - $600 Cash Bonus
Citibank: Pricing information from published website as of 12/05/2023. 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 Bank: Pricing information from published website as of 12/06/2023 based on 91107 zip code. Citibank: 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.

Citi Priority - Earn up to $2,000 Cash Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
New to Relationship customers can choose their Relationship Tier.
Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.
Restrictions apply.

Citi Priority - Earn up to $2,000 Cash Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day. New To Relationship customers can choose their Relationship Tier. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities. Restrictions apply.

Balance Levels	Maximum Bonus
$10,000 - $29,999	$200
$30,000 - $74,999	$500
$75,000 - $199,999	$1,000
$200,000 - $299,999	$1,500
$300,000 and above	$2,000

Citigold® - Earn up to $2,000 Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
New to Relationship customers can choose their Relationship Tier.
Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.
Restrictions apply

Member FDIC

BMO Smart Advantage Checking - $400 Cash Bonus

Open a new BMO Smart Advantage Checking online and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days of account 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.

Get Deal

Expires Tomorrow

Member FDIC

BMO Smart Money Checking - $400 Cash Bonus

Open a new BMO Smart Money Checking online and get a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 120 days of account 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.

Get Deal

Expires Tomorrow

Member FDIC

BMO Relationship Checking - $600 Cash Bonus

Open a new BMO Relationship Checking and get a $600 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 120 days of account 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.

Get Deal

Expires Tomorrow

Which is Better: Citibank or BMO Bank?

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

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

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