Posted by William Charles on November 16, 2018
Bank Account Bonuses

Published on November 16th, 2018 | by William Charles


[AZ, FL, IL, IN, KS, MO, MN and WI] BMO Harris $200 Checking Bonus – Available Online

Update 11/16/18: Bonus is back and available through January 31st, 2019. Hat tip to JuicyJosh

Update 09/02/18: Bonus is back and available through October 31st, 2018. Thanks to reader @millionmilematt

Update 05/0918: Bonus is back and available through May 31st, 2018. Thanks to reader Joe.

Update 01/04/18: Bonus is back and available through March 30th, 2018. It now requires 10 debit card transactions as well. They also upped the direct deposit requirement to $500 from $300

Update: Bonus is now only available to residents of the following states: AZ, FL, IL, IN, KS, MO, MN and WI.

Application page now clearly states it can be opened online, thanks to reader Todd.

A lot of us reported issues opening the Signature Card pdf during account opening requiring bank contact to mail a copy. Per BMO this is Google Chrome compatibility issue and should work fine in other browsers. You can fix this by using another browser or using this trick.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Must reside in AZ, FL, IL, IN, KS, MO, MN and WI if opening online or by phone
  • Direct deposit required: Two direct deposits of $500+ required
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: Cannot fund with a credit card
  • Monthly fees: None with eStatements
  • Early account termination fee: $50 if closed within 90 days, you’ll also forfeit the bonus if you closed the account within six months (now 120 days?).
  • Expiration date: April 28th, 2017 June 30th, 2017 September 30th, 2017 December 31st, 2017 March 30th, 2018 May 31st, 2018 June 29th, 2018 October 31st, 2018 January 31st, 2019
  • Household limit: None mentioned


The Offer

Direct link to offer

  • Receive a $200 bonus when you open a new BMO Harris Smart Money™ Account, BMO Harris Smart Advantage™ Account, or BMO Harris Premier™ Account checking account and complete the following requirements:
    • Receive two qualifying direct deposits of at least $500 or more within 90 days of account opening
    • Have at least 10 debit card purchases made with your BMO Harris Bank Debit Mastercard post to your account within 90 days of account opening [Read: How to meet debit card transaction requirements]

bmo harris


The Fine Print

  • You must mention the promo code in the email sent to you at account opening and your account must be open and in good standing when the bonus is paid approximately 120 days after opening.
  • Not available to existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months.
  • To receive the bonus:
  • 1) Open a new BMO Harris Smart MoneyTM Account, BMO Harris Everyday Checking®, BMO Harris Select Checking® or BMO Harris Portfolio Checking® account between August 31, 2018 and October 31, 2018 in a BMO Harris Branch, by calling 1-866-362-1166, or by clicking “open now” above.We’ll automatically apply the $200 offer promo code when you apply online
  • 2) Have at least two direct deposits of any combination of a paycheck, pension payment, Social Security payment, or other government benefits payment of $500 or more each electronically deposited into the account from an employer or outside agency within 90 days of opening. We reserve the right to request documentation that the direct deposits qualify.
  • Cash bonus is not considered part of the opening deposit and will be reported to the IRS for tax purposes. You are responsible for any applicable taxes. Offer cannot be combined with any other offer, is non-transferable and is limited to one per account.
  • Have at least 10 debit card purchases made with your BMO Harris Bank Debit Mastercard® post to your account within 90 days of account opening

Avoiding Fees

Your best option is to open the BMO Smart Advantage Checking account. This has a no monthly fee when you have eStatements.

Early Account Termination Fee

There is an early account termination fee of $50 if the account is closed within 90 days. In addition the account needs to be open at the time the bonus posts (within 120 days). You also need to keep it open for six months or the bonus will be forfeited (this might not be the case anymore).

Our Verdict

This bonus is significantly better now that you can open online rather than having to deal with a phone or in branch application. They have offered a bonus as high as $250 before, but I don’t know if we will see that again. We’re going to move this up much higher on our best bonus list due to the online application and the fact that it can be churned (just can’t have had an account open in the last 12 months).

Big thanks to reader, Josh who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:

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Watch out with the credit card waiver. I had 1 for 3 bonus years and even though I requested it numerous times I always got a fee. Of course it was corrected. But still ridiculous.

What’s the credit card waiver?

You know what? I just skimmed and saw waive and assumed that’s what it was. They may not do it anymore, but supposedly if you had their credit card you could “link” it to your checking and not have a fee. I’d be cautious of them “waiving” things automatically in general though.


I have the waiver and can confirm that once it’s setup it works well. I’ve never been charged a fee.

Expiration is showing as 28th, not 8th.

If you open the account by phone, how does the initial account funding work?

Just applied over the phone. They were able to take the initial deposit from either an external account (give acct / routing #) or send in a check. I chose to do the transfer over the phone.

Debit / credit was specifically prohibited.

Thanks Jake, that’s the kind of specific detail that is the most helpful.

I opened one with BMO over the phone, and they just took my routing and account # for the ACH initial funding

your first acct with BMO must be opened in-branch, and you won’t be able to use a CC. BUT: you can open Savings accounts online after that, and you can use a CC (including AMEX) for up to $1000 per account.

Wait. So I can’t call in since this would be my first account? There is no BMO branch in my state.

Not true in my experience. I opened my first BMO account over the phone. It was a pain, but it worked.

Just opened my first account online, no problems

Same here, opened my first account online no problem

My friend tried to open online for his first BMO account.and was rejected twice. Then he called CSR. It seemed you need promo code, can’t use the online one. We live in Columbus Ohio. That may be the reason first timer can’t open online. I need promo code other than flex06, which is expired. Thanks!

I applied for this the last time they had it sometime last year. They approved/opened my accounts, I sent all the paperwork (signature card) in, then two weeks later I got an account-closure letter. Not sure why.

Bank of America did the same thing to me…”for business reasons”. I suspect they actively filter bank account bonus chasers like us.

I had that with the Poplar Bank bonus. I have to send in the paperwork now for M&T, I have 2 accounts open with them already tho 😛

What was the result here? How did you get your money back? I did this deal a couple weeks and just got a “termination” letter today. Thing is it doesn’t say how the funds already in my account will be handled. Hoping they just mail me a check (since I opened the accounts partially to get $2K in CC funding to meet min spend).

Not sure why this happened but probably just a ton of Chex inquiries.

How many Chex inquires in the last 6 and 12 months?

I did this 6 months ago. had DD from work of 301 biweekly. (I get paid 2x month) Opened via phone and mailed check for opening deposit. After mailing back and forth all went well, but took about 7 weeks to get started. Got the bonus when promised.

Good to know! Thanks for sharing, I’m gonna give it a shot over the phone then!

Wondering if I would be eligible for the bonus as I closed my last account with them on February 17th 2016. If I applied after the 17th, I wonder if they would still consider this as twelve months as it falls in the same month.

Opened via phone. First BMO account. Offered to fund via ACH or I could mail a check once I receive my welcome packet. I decided I’d rather mail a check in. They did state it will take awhile to open the account as it is done via mail, just as others have noted. The verification questions were odd, one had no right answers and no “none of the above option” so I guessed and everything went ok. Also of note the email coupon I got from BMO yesterday left the promo code blank. I went online and had another sent today and they’ve filled in the promo code which is required for this to work. All in all 25 mins, would have been 20 without the promo code mishap.

I had a similar situation with the verification question and had no idea. I was urged to “guess”. Bad idea. I answered wrong. I was then put through a charade involving facing a copy of my drivers’ license with my signature, then they couldn’t read the fax, so I sent it in higher res, then they couldn’t read that and I was told to e-mail, then I never heard back about that being delivered, so I was told to send it to another person, and in the end they wouldn’t verify me. I am right now trying to cancel the account to get my $25 back and they are not allowing that either.

STEER CLEAR of this organization, they are a disaster.

Recently closed my first BMO account. Cant wait to become eligible for their bouses again!

Just opened via phone, no issues, rep was friendly.

-took 25 mins
-needed promo code from emailed coupon (flexcode06)
-need driver’s license info, last 4 of a major cc and exp. date
-soft pull with odd security questions
-no cc funding via phone
-I provided account & routing #’s for another bank account
-rep said she’d mail a packet to me, when I send it back, they will debit the $1,000 from my bank account I provided. (I chose $1k to meet min. deposit requirements)
-many compliance / industry / KYC questions (kinda annoying)
-selected my user ID via phone for online banking
-confirmed bonus details (two $300 DD w/in 60 days), bonus paid 120-150 days

Any DP’s on Fidelity ACH pushes counting as DD w/ BMO? Didn’t see any in DoC’s thread.

Thanks DoC & Josh!

I did the same but late after 120 days when I asked for bonus they denied saying it’s only for targeted individuals. It seems somewhere they are deliberately misleading customers. Please do not post such bank offers where they misled customers

My call took exactly 25 minutes, and the rep was friendly. It was a soft pull. Credit card funding was unavailable. I was asked really weird questions.

I keep requesting a code on the BMO Harris webpage, but it’s not sending? I’ve tried several different email addresses over the past couple days. Anyone had this problem?

Nevermind. It was caught by the gmail spam filter.

Was following DP thread for DD push from Discover and found one report of CSRs following up asking for proof of employer DD.

He calls BMO Harris a “dirty bank” for ensuring that he followed the rules of the offer.
The bank is certainly within their rights in doing so.

Thanks for pointing this out, saw it in the above post too. Going to do an actual employer DD for BMO! Oh my 🙂

Applied on 1/4 via phone and still waiting for my paperwork in the mail. C’mon guys!

Adam Derbyshire

Fidelity worked as DD for bonus for me I opened on 10/31/16.

Got my paperwork in the mail today & turned it around today, we’ll see what their processing time is until the account is opened.

You have the offer expiring in 2016 in the “Offer in a glance” section but 2017 in the fine print section.

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