Don’t miss out on an easy $460 cash bonus—Find out the 3 simple steps Americans are using to claim their windfall!
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Who doesn’t love a little extra cash in their pocket—especially when it’s as easy as following a few simple steps?
If you’re looking for a straightforward way to boost your bank balance this season, BMO (that’s the Bank of Montreal, for those not in the know) is rolling out a limited-time offer that’s turning heads.
With up to $460 in automatic cash bonuses up for grabs, it’s the kind of deal that’s worth a closer look—especially for those who appreciate a good opportunity to pad our savings without jumping through hoops.
What’s the Deal?
BMO is offering a $400 cash bonus for new customers who open either a BMO Smart Advantage Checking or BMO Smart Money Checking account.
But that’s not all—there’s an additional $60 in savings rewards available if you open a BMO Savings Builder account and follow a few easy steps. That’s a total of $460 in your pocket, just for getting your finances organized.
Here’s How to Claim Your BMO Bonus in 3 Simple Steps
Step 1: Open a Qualifying Checking Account
- Choose between the BMO Smart Advantage Checking or BMO Smart Money Checking account.
- Make sure to open your account by September 8th.
- You’ll need a minimum opening deposit of $25.
- If you’re opening your account online, a promo code will be automatically applied. If you prefer to open your account in person or over the phone, grab the promo code from BMO’s bonus landing page before you start.
Also read: This bank is offering $900 in free money—here’s how to get yours before the deadline
Step 2: Set Up Direct Deposits
- To qualify for the $400 bonus, you’ll need to receive at least $4,000 in qualifying direct deposits within the first 90 days of opening your account.
- Qualifying deposits include salary, pension, Social Security, or other government benefit payments—so it’s perfect for retirees and those on fixed incomes.
- Make sure your account stays in good standing (no overdrafts or negative balances).
Step 3: Open a Savings Builder Account for Extra Rewards
- Open a BMO Savings Builder account alongside your checking account.
- Grow your balance by at least $200 each month, and you’ll earn a $5 reward every month for the first year—up to $60 total.
- There’s no monthly maintenance fee, and you can set up automatic transfers to make saving effortless.
When Will You Get Your Bonus?
If you meet all the requirements, BMO will deposit your $400 bonus into your checking account 100 days after you open it. The $60 in savings rewards will be paid out monthly as you grow your savings.
Also read: Looking for extra cash? These bank bonuses could put up to $400 in your pocket
A Few Fine Print Details to Keep in Mind
- You can only qualify for one checking account bonus, so choose wisely.
- The first checking account you open is the one that will be eligible for the bonus.
- There are some fees to be aware of: $3 for non-BMO ATM transactions, $2 for paper statements, and $15 for overdrafts (unless you have a Smart Money Checking account or Overdraft Protection).
- The Smart Advantage Checking account has no monthly maintenance fee, while the Smart Money Checking account has a $5 monthly fee for those 25 and older (but no overdraft fees).
- If you’re looking for more perks, BMO also offers a Relationship Checking account with tiered benefits like fee rebates, higher interest rates, and credit card bonuses.
Why Consider Switching to BMO?
Beyond the bonus, BMO’s accounts are designed with flexibility in mind. The Smart Advantage Checking account is great for those who want to avoid monthly fees, while the Smart Money Checking account is ideal if you want to avoid overdraft charges.
The Savings Builder account is a simple way to automate your savings and earn a little extra each month—perfect for building an emergency fund or saving for a special treat.
Read next: Could you claim up to $300 in automatic cash? Here’s how it works
Have you ever taken advantage of a bank bonus offer? Do you have tips for maximizing your savings or avoiding banking fees? Or maybe you have questions about how to set up direct deposit or automate your savings? Share your experiences and questions in the comments below!
If you’re looking for a straightforward way to boost your bank balance this season, BMO (that’s the Bank of Montreal, for those not in the know) is rolling out a limited-time offer that’s turning heads.
With up to $460 in automatic cash bonuses up for grabs, it’s the kind of deal that’s worth a closer look—especially for those who appreciate a good opportunity to pad our savings without jumping through hoops.
What’s the Deal?
BMO is offering a $400 cash bonus for new customers who open either a BMO Smart Advantage Checking or BMO Smart Money Checking account.
But that’s not all—there’s an additional $60 in savings rewards available if you open a BMO Savings Builder account and follow a few easy steps. That’s a total of $460 in your pocket, just for getting your finances organized.
Americans can receive a $400 cash bonus from BMO by opening a new eligible checking account with a promo code and receiving at least $4,000 in qualifying direct deposits within the first 90 days. Image source: Ronak Ramnani / Unsplash.
Here’s How to Claim Your BMO Bonus in 3 Simple Steps
Step 1: Open a Qualifying Checking Account
- Choose between the BMO Smart Advantage Checking or BMO Smart Money Checking account.
- Make sure to open your account by September 8th.
- You’ll need a minimum opening deposit of $25.
- If you’re opening your account online, a promo code will be automatically applied. If you prefer to open your account in person or over the phone, grab the promo code from BMO’s bonus landing page before you start.
Also read: This bank is offering $900 in free money—here’s how to get yours before the deadline
Step 2: Set Up Direct Deposits
- To qualify for the $400 bonus, you’ll need to receive at least $4,000 in qualifying direct deposits within the first 90 days of opening your account.
- Qualifying deposits include salary, pension, Social Security, or other government benefit payments—so it’s perfect for retirees and those on fixed incomes.
- Make sure your account stays in good standing (no overdrafts or negative balances).
Step 3: Open a Savings Builder Account for Extra Rewards
- Open a BMO Savings Builder account alongside your checking account.
- Grow your balance by at least $200 each month, and you’ll earn a $5 reward every month for the first year—up to $60 total.
- There’s no monthly maintenance fee, and you can set up automatic transfers to make saving effortless.
When Will You Get Your Bonus?
If you meet all the requirements, BMO will deposit your $400 bonus into your checking account 100 days after you open it. The $60 in savings rewards will be paid out monthly as you grow your savings.
Also read: Looking for extra cash? These bank bonuses could put up to $400 in your pocket
A Few Fine Print Details to Keep in Mind
- You can only qualify for one checking account bonus, so choose wisely.
- The first checking account you open is the one that will be eligible for the bonus.
- There are some fees to be aware of: $3 for non-BMO ATM transactions, $2 for paper statements, and $15 for overdrafts (unless you have a Smart Money Checking account or Overdraft Protection).
- The Smart Advantage Checking account has no monthly maintenance fee, while the Smart Money Checking account has a $5 monthly fee for those 25 and older (but no overdraft fees).
- If you’re looking for more perks, BMO also offers a Relationship Checking account with tiered benefits like fee rebates, higher interest rates, and credit card bonuses.
Why Consider Switching to BMO?
Beyond the bonus, BMO’s accounts are designed with flexibility in mind. The Smart Advantage Checking account is great for those who want to avoid monthly fees, while the Smart Money Checking account is ideal if you want to avoid overdraft charges.
The Savings Builder account is a simple way to automate your savings and earn a little extra each month—perfect for building an emergency fund or saving for a special treat.
Read next: Could you claim up to $300 in automatic cash? Here’s how it works
Have you ever taken advantage of a bank bonus offer? Do you have tips for maximizing your savings or avoiding banking fees? Or maybe you have questions about how to set up direct deposit or automate your savings? Share your experiences and questions in the comments below!
