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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 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.

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.

 
Member FDIC
BMO Bank
Member FDIC
 Learn MoreVisit Site
 

Citibank

BMO Bank

OFFER
Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review

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

Read BMO Bank Review

 

Benefits and Features

Savings
  • 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.
0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD
Check
0.05% - 4.90% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking
Check
Smart Advantage, Smart Money, Relationship
Money Market
Check
1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
ATMsMore 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
Customer Service24/7 Live Customer Service (Telephone)Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
IRA CD
Check
0.05% - 2.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market
Check
IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.
981 branches
 

CreditDonkey® Reviews

 BMO Bank
SavingsStarStarStarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • 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 LineLarge national bank best for high balance customers... Read full reviewMidwest bank with options for low and high-balance customers... Read full review
 Learn MoreVisit Site

    Citibank: Pricing information from published website as of 06/13/2024. 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 06/14/2024 based on 60603 zip code.

    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

    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.


    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.

    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.

    Which Do You Think is Best?





    Which Bank Account is Right for You?


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