Posted by William Charles on March 21, 2017
Bank Account Bonuses

Published on March 21st, 2017 | by William Charles


BMO Harris $300 Checking & $200 Savings In Branch Bonuses [Highly YMMV & AZ, WA, FL, IL, IN, KS, MN, MO, WI]

Offer at a glance

  • Maximum bonus amount: $300 for checking, $200 for savings
  • Availability: Requires opening in branch, all branches are located in the following states: AZ, FL, IL, IN, KS, MN, MO, WI, WA [Branch locator]
  • Direct deposit required: Yes, at least two direct deposits
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: Up to $1,000, might code as cash advance in branch
  • Monthly fees: $12, 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.
  • Household limit: None mentioned
  • Expiration date: April 28th, 2017

The Offer

No direct link (see offer image below)

  • BMO Harris are currently offering up to $500 in bonuses on their checking & savings accounts. Bonuses are as follows:
    • $300 checking bonus:
      • Bring this mailer (see below) to any BMO Harris Branch and open your checking account
      • Complete at least two qualifying direct deposits within 90 days
    • $200 savings bonus:
      • Bring this mailer (see below) to any BMO Harris Branch and open a statement savings account with at least $10,000
      • Main your $10,000 balance for 90 days

bmo harris $500 bonus


The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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 120 days to keep the bonus, in addition to this if you closed it within 90 days you’ll be charged an additional $50. 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

There is a public nationwide $200 checking account bonus. Reader Curmudgeon was able to successfully get enrolled in this offer, they asked if anybody could just print out the flyer and enroll. He got this response: “He said the bank would prefer that people bring in the original flyer so they can verify their address against the flyer, but as long as they have that promo code then the bonus should work”. YAR tried to open with no flyer and was unsuccessful, Richard was also unsuccessful.

It seems like they might have a database of addresses they are verifying against, but who actually knows with BMO Harris because they are all over the place. I’d recommend trying to get something in writing about the bonus being applied to your account, or at least getting your bankers name if you decide to proceed with this bonus.

The savings bonus is likely worth considering as well as you’re getting a 2% return over just 90 days. If people could share their experiences in the comments below that would be fantastic. For now I won’t be adding it to our list of the best bank bonuses due to the fact that it’s so YMMV and we don’t have a lot of data points.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

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From past experience BMO has a restriction on this offer for those holding an account during the previous 12 months. I tried blowing up the flyer image but the fine print is not legible. Can anyone confirm? I would rather not go into a branch without knowing this. Curm you know?


My BMO banker sent me a page from their internal guide on this bonus. One part reads:

“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.”

Wow; you have the relationships working. Sending you internal docs. Many thanks.

BMO wasn’t happy with me when I stopped in last December. For one thing, I had done this bonus in 2015 and waited exactly 12 months and then until the 1st of the month 2016 when doing it again. But somehow they disputed my eligibility because they said it was less than 12 months but I’m certain it wasn’t. So I had to CFPB them, and in the meantime they credited me. Felt bad doing that cause the banker I met with was a rock star, but it was corporate level that wouldn’t honor the bonus. But the branch manager didn’t seem happy to see me, so hopefully that CFPB didn’t fall on him. Suspect he knew I was working the bonus angle.

Actually BMO is a great bank. Website rocks. I’ll consider them again in the future for other products. We’ll probably need a loan of some type, maybe home improvement.

I signed up for a BMO Harris Everyday Checking Account on Jan 25th for the $200 bonus. Completed 2 payroll DD and received the bonus yesterday (3/20/2017). The account will have to be open for 6 months to avoid losing the bonus. So, will have to wait for another 4 months.

Will I still be eligible for this new $300 checking bonus?

Not likely. See my post above.


When did your 2nd DD posted. Trying to figure out the time frame when the bonus post once 2nd DD posted. My 2nd DD was on Feb 24th.

Opening Deposit: 01/25/2017
First Payroll DD: 02/03/2017
Second Payroll DD: 02/17/2017
Bonus Post Date: 03/20/2017

I lived in IL and received this 300+200 mail twice. Each time it came with a specific promo code. So I think this is a geo-targeted campaign.

Did you have any accounts with BMO Harris previously?
I recently signed up for an account for their $200 bonus, and am hoping they will start sending me ‘good’ junk mail

I did not have any acct with BMO before.

Leo – Can you share the IL promo codes on the mailers you received? Or take a pic and post?

The title lists WA state but the closest branch to WA according to branch locator is in AZ

I received this targeted offer back in January and opened a checking and savings account. It comes with a specific code.

I went to 2 different BMO locations since their systems were down the first time around. When I asked if I could use a credit card to fund the account, they said yes, but both times they specifically required a PIN for cash advance. I deferred to cash instead.

Also, when I asked if I could transfer cash from an external account to qualify for the savings 10k deposit they said no! Personally, I don’t write checks anymore let alone one for 10k.

Yet Another Redditor
Yet Another Redditor

Me and SO tried this in IL area branches last month – in 2 branches – both wanted the actual card mailer because they said they retain that.. Showing a photo of the mailer on the phone did not work.

I was not targeted. Visited a branch in AZ today, said I got a mailer for the $300 checking. They asked to see it. Said I didn’t have it, but had the promo code. They said they had to have the physical mailer. Even offered a photo, but no go.

It looks like this deal will be highly branch- or banker-dependent. My banker upgraded me from the public $200 offer to this $300 + $200 offer before I even knew it was available so he certainly did me a favor.

I don’t have a better picture of the mailer since I found it on the web, but I did take it in and ask him about it. I think if you actually print it out and ask to use that promo code shown you’ll have a better chance.

I have doubts that the code is geographically limited since my banker confirmed it was the right code. So either everyone uses the same code, or somehow I managed to find the only version floating around that works for the Kansas/Missouri market.

Joshua Johanning
Joshua Johanning

I’m still waiting for my bonus to post from 130 days ago from creating account. Had to create a service request case w/ BMO. YMMV

Was able to open in branch without the flier with no issues. The banker (super nice guy) confirmed the code would work, and to call him if I didn’t receive the bonus.

I work for BMO. Accounts opened using the promo code with the flyer are checked against an address database. You will not receive the bonus if you were not targeted. I saw the DP about being “upgraded” from the public offer, the only way you will get the bonus increase is if you received a flyer. We can type in whatever promotional code we want, however when the code is processed it will show you didn’t get the flyer and it will not post.

My $300 bonus posted 4/20, so either BMO Employee above is incorrect, or I was in fact targeted and didn’t know it. Either way, I got the higher bonus. 🙂

Still waiting for the savings bonus, but that’s a minimum of 90 days so I won’t see that until late May / early June at best.

Curm, did you use a legit DD or an ACH to satisfy the requirements? If an ACH, which bank, if you don’t mind me asking? Thanks much.

I used payroll direct deposit.

Just received exactly same mailer. It says the expiration date is Jun 30th.

Promo code is DMMAY17CHK500

Still waiting on my bonus to post. For those that ACH’d the DDs, what bank(s) did you use? Thanks in advance.


Bonus posted today, the 20th of the month. Used my mom’s address. She says she does not remember getting any fliers from them, so the address database verification may not be true.

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