BMO Harris, Up to $500 Business Checking Bonus (Select States)

BMO Harris Business Checking Bonus

BMO Harris, $500 Business Checking Bonus

BMO Harris is offering two bonuses for business checking account. Both bonuses are for accounts opened in branch only, so you need to be in one of the eligible states and have a location nearby in order to apply. This promotion has been extended until September 30, 2022. This bank has been a hassle to deal with regarding personal bonuses but maybe this BMO Harris $500 business bonus is less of a headache.

Offer

  • To receive the $300 checking bonus:
    1. Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account between June 4, 2022 and September 30, 2022.
    2. By Day 31 your balance must be $5,000 and it cannot drop below $5,000 for the next 90 days.
    3. Have at least 10 electronic transactions post to the account within 90 days of account opening. 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 as electronic transactions.
  • To receive the $500 checking bonus:
    1. Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account between June 4, 2022 and September 30, 2022.
    2. By Day 31 your balance must be $10,000 and it cannot drop below $10,000 for the next 90 days.
    3. Have at least 10 electronic transactions post to the account within 90 days of account opening. 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 as electronic transactions.

You are only eligible for one business checking bonus. Day 1 is the day you open your account and begins the tracking period. If you open your account on a day other than a Business Day, Day 1 is the next Business Day. The bonus will be deposited into the new checking account within 14 (fourteen) days of meeting the respective promotion requirements stated above, approximately Day 135.

Eligibility

Accounts must be opened in branch and BMO Harris currently operates retail branches in AZ, FL, IL, IN, KS, MO, MN and WI.

Offers are not available to existing BMO Harris business checking customers or those who have closed a BMO Harris business checking account within the past 12 months.

Fees

  • Essential Business Checking
    • $15 monthly maintenance fee waived with $1,500 Average Collected Balance
  • Business Advantage Checking
    • $20 monthly maintenance fee waived with $5,000 Average Collected Balance or $15,000 in collective balances
    • Fee waived for first three months

Guru’s Wrap-Up

The deposit requirement have remained the same as a few months back, but the bonus is now better at up to $500.

Some data points in the past show that this might not be the easiest bank to deal with. The bonus takes 120 days to post and you’ll need to request it yourself. But there’s no direct deposit requirement, and everything is done in branch, unlike the personal bonuses. So it might be smoother than expected. Let me know if you have any experience with this bank.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and most requirements can be easily completed from home.


Offer Details

  • OFFER PAGE
  • Account Type: Essential Business Checking or Business Advantage Checking
  • Availability: AZ, FL, IL, IN, KS, MO, MN, WI
  • Type of Inquiry: Soft pull
  • Direct Deposit Requirement: No
  • Other Requirements: 10 transactions and $5K or $10K deposit
  • Credit Card Funding: No
  • Monthly Fee: $15/$20 (can be waived)
  • Closing Account Fee: Must keep account open for 120 days to receive bonus
  • Expiration Date: 4/29/22 9/30/22

Email me if you find any other bonuses for bank account. Thank you for your help!

RebatesMe $35 bonus

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