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Quontic vs BMO Bank

Quontic is an innovative digital bank offering checking accounts with high rewards. How does it compare to BMO Bank? Read our comparison chart below.

 Quontic
Member FDIC
BMO Bank
Member FDIC
 Visit SiteVisit Site
 

Quontic

BMO Bank

SPECIAL OFFER
High Yield Savings - 4.50% APY - Learn More

Read Quontic Review

SPECIAL OFFER
BMO Smart Advantage Checking - $400 Cash Bonus - Learn More

Read BMO Bank Review

 

Benefits and Features

Savings
High Yield Savings: 4.50% APY
0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD4.30% to 5.30% APY; $500 minimum0.05% - 5.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
CheckingHigh Interest Checking: Up to 1.10% APY
Cash Rewards Checking: 1.00% cashback
Bitcoin Rewards Checking: 1.5% Bitcoin
Smart Advantage, Smart Money, Relationship
Money Market
5.00% APY
1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
Customer Service Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
ATMs 
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 600 branches
 

CreditDonkey® Reviews

 QuonticBMO Bank
SavingsStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarStarHalf StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
CDStarStarStarStarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • No monthly service fee
  • High interest rate
Cons:
  • Basic mobile app
  • $5/mo inactivity fee
Pros:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Bottom LineInnovative digital bank offering checking accounts with high rewards... Read full reviewMidwest bank with options for low and high-balance customers... 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.

Quontic: Pricing information from published website as of 11/14/2023.

BMO Bank: Pricing information from published website as of 11/26/2023 based on 91107 zip code.

Quontic
Member FDIC

High Yield Savings - 4.50% APY

  • 4.50% APY
  • $100 minimum opening deposit
  • No monthly service fees
Quontic
Member FDIC

High Interest Checking - Up to 1.10% APY

  • Earn up to 1.10% APY
  • $100 minimum opening deposit
  • APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.
Quontic
Member FDIC

CD Rates - Up to 5.30% APY

  • $500 minimum opening deposit
  • FDIC insured

TermCD Rates
6 Months5.05% APY
1 Year5.30% APY
2 Years4.50% APY
3 Years4.40% APY
5 Years4.30% APY
BMO Bank
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.

Expires in 4 days
BMO Bank
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.

Expires in 4 days
BMO Bank
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.

Expires in 4 days

Which is Better: Quontic 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 Quontic or Chase.

In short: Quontic's savings and customer service are notable.


Articles on Quontic

Quontic Bank

Quontic Bank aims to provide a better experience (and rewards) for those underserved by traditional banks. Review the rates, fees, and customer reviews.

Is Quontic Bank Safe and Legit

Is Quontic Bank safe and secure? Find out how Quontic protects your account and learn about common customer complaints.

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.

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.

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.

Which Do You Think is Best?





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