BMO Bank Account Bonus Offers (2026)

BMO Financial Group, or just BMO, is a top-ten bank in North America, and has over 200 years in the business. In the states, it’s headquartered in Chicago but has 600 branches concentrated in the Midwest. It’s a heavy-hitter and has all the basic checking, savings and business accounts you could need. And on top of that, BMO even has a savings account bonus, which isn’t that common!

Compare BMO’s checking, savings and business account bonuses. Just remember there are some requirements, so read the terms and conditions carefully to make sure you can get that sweet bonus cash.

All BMO bonuses at a glance

BMO’s best bonus offer

A tricky one, but the BMO personal checking offer is the best in our opinion. It does require some commitment, but it’s a solid offer.

For starters, you can open one of three BMO checking accounts to qualify for the bonus, since it’s the same across the accounts. However, you get the ability to choose which account is best for you.

From there, you need to deposit $1,000 via direct deposit each month, for six months in a row. Like we said, a commitment, but a $500 biweekly paycheck will do the trick.

And at the end of the day, it’s a $600 bonus, which could be broken down to $100 per month since it takes six months to earn. Not too shabby, not too complicated, and technically effortless if you set up direct deposit and let the cash deposit.

Compare other bank signup bonuses

Earn a $250 bonus

GO TO SITE on Capital One's secure site

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• Earn a $250 bonus with fee-free 360 Checking
• 70,000+ fee-free ATMs
• 24/7 mobile banking with Capital One app

Disclaimer

Member FDIC

Earn a $250 bonus with 360 Checking. Open a new account on or after August 22nd, 2024 using the promo code CHECKING250 then set up and receive at least 2 qualifying direct deposits of $500 or more within 75 days of account opening. Terms Apply.

Up to 3.30% APY

GO TO SITE on SoFi's secure site

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• Earn $50 or $400 when you sign up and set up eligible direct deposit
• 0.50% APY on checking balance
• Up to 3.30% APY on savings
• $0 account or overdraft fees

Earn up to 4.00% on savings

GO TO SITE on Current's secure site

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• No credit check required to apply
• No monthly fees or minimum deposit
• Build credit plus earn up to 4% bonus

What does BMO consider a qualifying direct deposit?

For the BMO checking offer, you’ll need to meet some direct deposit requirements, which means it has some rules as to what deposits will count toward the bonus.

BMO considers these are eligible for its bonus requirements:

• Salary
• Paycheck
• Pension payment
• Social Security payment
• Government benefits

Non-qualifying deposits are transfers such as teller deposits, wire transfers, ATM deposits, account to account transfers or peer-to-peer transfers (Zelle, Venmo, etc.).

Compare more bank account bonuses

Overall, BMO has some pretty good bank account bonuses. And to make it even sweeter, there are bonuses for checking, savings and business bonuses, so there’s something for most folks. But if you don’t live in BMO’s service area, then you’re outta luck. Compare the best bank account bonus offers from other banks and credit unions.

Frequently asked questions

• Is BMO legit?

  Yes, BMO is a legitimate bank. It's been around for over 200 years, and deposits are FDIC insured.

• Are there banks with immediate sign-up bonuses?

  Not really, since nearly every bank account bonus has some sort of requirement you need to meet in order to get the cash bonus. In BMO's case, the checking bonus requires meeting direct deposit requirements for six consecutive months.

• Why do banks offer bonuses?

  To bring in new customers; simple as that! If a bank offers a nice bonus, but its checking account is the same as another bank, the bonus offer could be the thing that pushes you toward the other bank.

To make sure you get accurate and helpful information, this guide has been edited by Richard Laycock as part of our fact-checking process.

Written by

Bethany Hickey

Banking editor

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Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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