BMO Business Checking up to $750 Bonus

BMO logo

BMO : Business Checking

up to $750

3.9

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a new BMO Harris business account online or in branch using the link below.
  2. On day 120, have an average collected balance of at least $4,000 to be eligible to earn $300 at least $25,000 to be eligible for $750.
  3. Within the first 120 days, complete 10 qualifying transactions. (any combination of: ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions).
  4. Bonus will be deposited into the new checking account within 14 days of meeting the promotion requirements, approximately Day 130.

Available in Your Area?

Yes

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Unknown

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Apply Now

at BMO

Now available nationwide, BMO Harris is offering up to a $750 welcome bonus when you open a new business checking account and meet the minimum balance requirements. This is a tiered bonus, the higher the balance, the more you can earn. It's worth noting that this bonus is higher than a recent one offered for similar tiers.

What's more? This time around they added a new higher tier for businesses with higher balances.

How To Earn The Bonus

The BMO Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the up to $750 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • You are only eligible for one business checking bonus.
  • Day 1 is the day you open your account and begins the tracking period.
  • If you open your account on a day other than a Business Day, Day 1 is the next Business Day.

How does this business checking offer from BMO compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

Chase

Chase Business Complete Checking®

Bonus
$300
Account Type
Business Checking
Expires In
35 days
Requires
  • Min Balance
  • Card Spend (optional)

U.S. Bank

Business Checking

Bonus
up to $800
Account Type
Business Checking
Expires In
74 days
Requires
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)

Axos

Business Interest Checking

Bonus
up to $400
Account Type
Business Checking
Expires In
13 days
Requires
  • Min Balance
  • Bill Pay
  • Card Spend

Why BMO?

BMO (formerly known as BMO Harris Bank) is headquartered in Chicago, and has about 500 physical locations across 8 states. For their checking accounts, BMO expands its reach by joining the Allpoint ATM network, which gives you access to about 40,000 fee-free ATMs. They also offer online and mobile tools to help you take care of most banking tasks without needing to go in-branch.

BMO offers personal checking, savings products like accounts, MMAs and CDs, business and commercial accounts, home and auto loans, credit cards, and IRAs. They also offer their "Premier Services", which is a wealth management service that aims to help you define and work toward a financial plan.

While BMO offers more accounts and services than some of the online-only banks, most of their rates are only competitive with the big banks (read: not very high), so keep that in mind.

Simple Business Checking

BMO Harris Bank's Simple Business Checking account is aimed at smaller companies that hold lower balances and have fewer transactions. The monthly fee is easy to waive, and the account includes 100 free transactions each month (transactions are non-ATM deposits, checks, and ACH credits and debits) and let's you deposit up to $2,000 in cash each month for free.

Fees

Simple Business Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:

  • Maintain an average collected balance of $100.

Premium Business Checking

BMO Harris Bank's Premium Business Checking account is aimed at companies that hold lower balances and have fewer transactions. The monthly fee is easy to waive, and the account includes 200 free transactions each month (transactions are non-ATM deposits, checks, and ACH credits and debits) and let's you deposit up to $5,000 in cash each month for free.

Fees

Premium Business Checking does charge a monthly maintenance fee of $15, but there are ways to get this waived:

  • Maintain an average collected balance for $1,500.

Elite Business Checking

An interest-earning business checking account that gives you 500 free transactions each month (transactions are non-ATM deposits, checks, and ACH credits and debits), let's you deposit up to $20,000 in cash each month for free, and offers free incoming wire transfers (both domestic and foreign).

Fees

Elite Business Checking does charge a monthly maintenance fee of $20, but there are ways to get this waived:

  • Collect at least $5,000.
  • OR, maintain a combined monthly balance of $15,000 in linked accounts under a Relationship Waiver (the accounts are not automatically linked, you MUST take this step).

Digital Business Checking

BMO Harris Bank's Digital Business Checking account is aimed at companies that are digital-first when it comes to banking. You'll get unlimited free ACH transactions and incoming wire transfers. The monthly fee is easy to waive, and let's you deposit up to $1,000 in cash each month for free.

Fees

Digital Business Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:

  • Maintain an average collected balance of $500.
Accounts are subject to approval. BMO Harris Bank N.A. Member FDIC.

Share Your Thoughts or Questions

There have been 6 comments about the BMO Business Checking up to $750 Bonus.

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bb8

November 15, 2023

Does anyone know if this one can be combined with the personal checking bonus they offer?

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BOB

February 21 Replying to bb8

I had that same question in the past and the answer is, it really depends on the bank. Often they do not agree to use your SS# at the same time for a personal and a business promo. However, if you have a EIN for your business, then odds are they will let you do both at the same time.

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Ankit Jain

November 17, 2023 Replying to bb8

Yes, it can be

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kat

November 14, 2023

the tiers seem hard to hit but the rewards are worth it!

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Jon Snow

November 13, 2023

Instantly approved online as a sole proprietorship.

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Ankit Jain

November 3, 2023

BMO is good with quick payout of the bonus as soon as the requirements are met. This is also churnable in 12 months time so do not forget to meet the requirements quickly and close the account as soon as the bonus hit the account.

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