BMO Harris Essential Business Checking $200 Bonus

This offer is expired and may no longer be available. Check out current offers from BMO Harris Bank or all available offers instead.

BMO Harris Bank : Essential Business Checking

Bonus Amount
$200
Account Type
Business Checking
Available In Your Area?
No
Offer Expired On
October 29, 2021
Bonus Requirements
  1. Use the link below to receive a promo code by email.
  2. Open a new Essential Business Checking account in-branch.
  3. Within 30 days, deposit $1,500 and maintain that balance for 90 days.
  4. Within 90 days of account opening, make 10 electronic transactions (debit card purchases, ACH credits or debits, online bill pays, mobile deposits, or wire transfers).
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BMO Harris is offering a $200 welcome bonus to new business checking account customers. While they will require you to open the account in-branch, the requirements are easy to meet and a solid return for their deposit requirements.

If you have $5,000 to deposit instead, check out the $500 welcome offer they're also running for opening one of their premium checking accounts.

How To Earn The Bonus

The BMO Harris Essential Business Checking promotion requires you to set up direct deposits, deposit and maintain a minimum balance, make purchases using the account's card and set up bill pay in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Use the link below to receive a promo code by email.
  2. Open a new Essential Business Checking account in-branch.
  3. Within 30 days, deposit $1,500 and maintain that balance for 90 days.
  4. Within 90 days of account opening, make 10 electronic transactions (debit card purchases, ACH credits or debits, online bill pays, mobile deposits, or wire transfers).

The fine print

  • Bonus will post to your account approximately 130 days after account opening.
  • Not available to existing business checking customers or to those who have closed a BMO Harris business checking account within the past 12 months.
  • The electronic transactions can be any combination of: ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions. ATM transactions and POS credits do not qualify.

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.

Essential Business Checking

BMO Harris Bank's basic 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

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

  • Collect at least $1,500.