BMO Harris Business Checking up to $400 Bonus

Available in select states within their footprint, BMO Harris is offering up to a $400 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 not quite as high as a recent one offered for the same tiers.

How To Earn The Bonus

The BMO Harris Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $400 bonus.

Full requirements to receive this bonus are:

1. Open a new BMO Harris business account online or in branch using the promo code provided at the link below.
2. By day 31 have a balance of at least $5,000 and maintain it for the next 120 days to be eligible to earn $250 OR have a balance of at least $10,000 and maintain it for the next 120 days to be eligible to earn $400.
3. Within the first 90 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 14days of meeting the promotion requirements, approximately Day 135.

Open a Business Checking account before the bonus expires on May 12, 2023

The fine print

• By Day 31 your balance must be $5,000 and it cannot drop below $5,000 for the next 120 days to earn $250.
• By Day 31 your balance must be $10,000 and it cannot drop below $10,000 for the next 120 days to earn $400.
• 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 Harris 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 Banking℠

Bonus

$300

Account Type

Business Checking

Expires In

58 days

Requires

• Min Balance
• Card Spend (optional)

Full Details

U.S. Bank

Business Checking

Bonus

$500

Account Type

Business Checking

Expires In

33 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Live Oak

Live Oak small business checking

Bonus

$150

Account Type

Business Checking

Expires In

10 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Why BMO Harris Bank?

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.

Learn more in our BMO Harris Bank review

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 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 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 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 fee of $10, but there are ways to get this waived:

• Maintain an average collected balance of $500.

Apply now for a Business Checking account to earn the $400 bonus offer

BMO Harris Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Fortunately, BMO Harris Bank has a total of 527 branches in the United States.

Get a better idea of how well BMO Harris Bank can serve you by checking out their branches closest to your area: