Posted by William Charles on July 13, 2015
Bank Account Bonuses

Published on July 13th, 2015 | by William Charles

33

[Expired] BMO Harris $150 Checking Promotion – Available Nationwide

This bonus has now expired, but don’t worry BMO Harris is instead offering a $200 bonus which you can read about here.

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: Nationwide
  • Direct deposit required: $300
  • Additional requirements: None
  • Hard/soft pull: Soft
  • Credit card funding: Up to $1,000
  • Monthly fees: $10, waivable
  • Early account termination fee: $50 if closed within 90 days, you’ll also forfeit the bonus if you closed the account within six months.
  • Expiration date: July 30th, 2015

The Offer

Direct link to offer

  • Open a BMO Harris checking account and receive a sign up bonus of $150 when you receive a qualifying recurring direct deposit of $300 or more

bmo harris checking account

The Fine Print

  • Offer is valid for a new BMO Harris Everyday Checking®, BMO Harris Select Checking® or BMO Harris Portfolio Checking®
  • Offer not available to existing BMO Harris personal checking account customers or those who have closed a BMO Harris personal checking account within the past 60 days
  • Customers may receive only one BMO Harris checking account-related incentive, reward or bonus per calendar year
  • Qualifying direct deposits” are recurring direct deposits of a paycheck, pension payment, Social Security payment, or other government benefits payment electronically deposited into your new personal checking account on a recurring basis, at least monthly, from an employer or an outside agency
  • First direct deposit must hit account within 60 days of account opening
  • They reserve the right to request documentation to support that the direct deposits are qualifying direct deposits
  • Bonus will be paid out within approximately 120 days of account opening
  • Account must be kept open for at least six months
  • You must pay taxes on all bank account bonuses

Avoiding Fees

Your best option is to open the BMO Harris Everyday Checking ($10 monthly fee), the monthly fee is waived if you meet any of the following requirements:

  • You receive an external deposit of $500 or more
  • The minimum daily balance is $1,000 or more
  • You’re a college student and you request a fee waiver. This will result in the account being fee free for a period of four years
  • Your BMO Harris Select Checking® account meets its $10,000 minimum Combined Balance requirement, and you have requested we link this account to your BMO Harris Select Checking account to receive benefits under Relationship Waiver. (Monthly maintenance fee waiver is limited to one (1) BMO Harris Everyday Checking account.)
  • Your BMO Harris Portfolio Checking® account meets its $25,000 minimum Combined Balance requirement, and you have requested we link this account to your BMO Harris Portfolio Checking account to receive benefits under Relationship Waiver. (Monthly maintenance fee waiver is limited to a total of two (2) BMO Harris Everyday Checking accounts.)
  • Your Wealth Checking account meets its $25,000 minimum Average Daily Balance requirement, and you have requested we link this account to your Wealth Checking account to receive benefits under Relationship Waiver. (Monthly maintenance fee waiver is limited to a total of two (2) BMO Harris Everyday Checking accounts.)

Early Account Termination Fee

You need to keep your account open for a minimum of six months to keep the bonus, in addition to this if you closed it within 90 days you’ll be charged an additional $50.

Our Verdict

This is a great bonus and one that I’d recommend most people sign up for. Here is what I’d recommend doing:

It looks like BMO Harris is another bank that specifically allows you to churn bank bonuses once per year, much like the Chase bank bonuses. We’ve added this bonus to our list of recommended bank bonuses, which can be found here.

Last year BMO Harris offered a similar promotion, but for $200 instead of $150. It looks like people that partook in that promotion should be able to take part in this as long as they received the bonus last year and it’s been at least six months since the account was closed.

My one and only concern with this bonus is that they have the right to request proof that your direct deposit is legit, because of this it might make sense to not do $300 exactly, as this doesn’t look like a real pay check or government benefit. If possible, change your real payroll.

Hat tip to Ethan S



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Mark
Mark

Can you cancel the account online after 6 months or do you need to call in?

fancyfly
fancyfly

looks like their online application does not work
is that true or just me?

Jim
Jim

Does not work for me either.

jackgopack4
jackgopack4

Me too. Unavailable.

ChaseJuggler
ChaseJuggler

Not working here either. Man, that’s 0 for 2 today — Citi said no signups living in NC.

Lian
Lian

It says “Our New Account Application is currently unavailable”..

helloworld
helloworld

Anyone has the problem that can’t add external account at Discover bank? It doesn’t work since the late June. When I called them, they just said it’s a technical issue and they were trying to work on that…

Sean
Sean

According to their account rep (I called in to open since the website wasn’t working), they no longer allow credit card funding.

Cowboyguy
Cowboyguy

In the credit pull, it will be nice if you could point out which report do they pull. Do they pull ChexSystems?

The reason why I say that is recently I started getting declined for checking accounts from multiple banks (Santander, Citi, a local credit union). The reason that they gave was I had too many inquiries on my ChexSystems report. I obtained a copy of my report and found 13 inquiries within the last 3 years. Please note that ChexSystems report retains inquiries for the past 3 years, unlike past 2 years as in the case of Equifax, TransUnion and Experian. Also, some banks are more inquiry sensitive for ChexSystems than others.

Jan B
Jan B

Not surprising since I didn’t get either bonus current at the time I opened in Oct., 2014.

This was a disappointing experience for us. Except I got an invitation to one of their arena events held and viewed from the party room.

Alan
Alan

Thanks for the post! Can I set up direct deposit and switch it off after a single deposit hits? Or do I have to keep it on the acount until I receive the bonus?

ChaseJuggler
ChaseJuggler

DD has to happen at least once PER month until the bonus posts. Bonus is guaranteed at the 120 day mark, so 4 DD’s was my takeaway. Then wait until the 6 month mark to close it.

Eric
Eric

Has anyone been able to figure out what counts as a DD for this bank?

mike
mike

I would like to know too. 😀

Info Please
Info Please

anyone use discover and know if it codes as a purchase or cash advance?

Jacob

Once per household, or one for each spouse?

Jacob

A couple of things:
1) The application page is not available, so this is either currently or permanently dead.
2) When you ask them to email you the coupon, the system is actually now sending out $200 bonus offers, but you cannot have opened or closed an account within 12 months time. I received this $200 offer on both email addresses I tried.

Dillon Welch
Dillon Welch

Same here, I received a $200 coupon.

wendy
wendy

did you call in to request an emailed code? or can you request a code through the site or through email ?

Dillon Welch
Dillon Welch

On the direct link, if you scroll down the page past the youtube video, there’s a link with the text “Email me a coupon
We’ll send a reminder about this special offer right to your inbox.”

Eric
Eric

Thanks for the tip about requesting the coupon. Now I have until December to sign up. By then I’m sure people will know what does and does not count for DD. Why did you sign up with 2 email addresses?

Dillon Welch
Dillon Welch

On your link for methods of working direct deposits, you mention “Discover ACH”. Is this funding via bill pay from Discover Checking? Or is it something else?

Johnny D
Johnny D

when i click “open now” it says its unavailable. anyone else have this problem?

i requested the coupon and have my code for the $200 bonus now, i just want to open up the account online and its not allowing me becauase of this error.

any solution?

jay
jay

Anyone got the online application to work? I guess we can also apply over the phone and simply provide offer code we got in email.

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