BMO Harris Checking $300 to $500 Bonus Guide: Direct Deposit & Retention

BMO offers up to $500 for opening a Smart Advantage or Smart Money checking account. Learn the direct deposit thresholds and holding conditions.

BMO Checking Promotions: Big Midwest Payouts

BMO (formerly BMO Harris) is one of North America's largest banking institutions and frequently competes aggressively with national lenders like Chase and Wells Fargo by offering $300 to $500 cash signup bonuses on personal checking products.

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Available Bonus Options

  1. BMO Smart Advantage Checking:
    • Bonus: $300 cash.
    • Requirement: Receive $4,000 in qualifying direct deposits within the first 90 days.
    • Fee: $0 with paperless e-statements!
  2. BMO Premier Checking:
    • Bonus: $500 cash.
    • Requirement: Receive $7,500 in qualifying direct deposits within the first 90 days.
    • Fee: $25 monthly (waived with $10,000 daily balance).

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Essential Rules & Payout Timing

  • Eligibility: You must not have had a BMO personal checking account within the past 12 months.
  • Evaluation Period: Qualifying deposits must settle within 90 days of opening.
  • Payout: Deposited approximately 100 days after account opening.
  • Early Account Closure: Keep the account open for at least 120 days to avoid a $50 early closing fee.

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Comparing Regional Checking Accounts

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