Checking Account
Business

BMO

BMO Bank Business Checking Bonus

$1,500bonus

Required Deposit

$4,000

Time to Complete

90 days

Min. Hold Period

90 days

Requirements

Required Deposit: $4,000

Deposit required to qualify for bonus

Complete 10 debit card transactions within 90 days of account opening and maintain the qualifying average collected balance from day 30 to day 90.

Bonus Timeline

Bonus Posts Within120 days after meeting requirements
Keep Account Open60 days minimum
Debit Transactions10 per month
Monthly RequirementsComplete 10 debit card transactions within 90 days of account opening and maintain the qualifying average collected balance from day 30 to day 90.

Fine Print

Credit PullSoft Pull
ChexSystemsPulls Chex — Unknown
Accepts CC FundingNo
Household LimitNone
New Customers OnlyYes — no account in last 12 months

Fees & Terms

Monthly Fee$15.00
Fee WaiverFirst three months of fees are waived. Essential Business Checking fee waived with $1,500 average collected balance; Business Advantage Checking fee waived with $5,000 average collected balance.
Early Termination Fee$50.00
Minimum Hold Period90 days

Details

Open a new BMO business checking account in branch, deposit at least $4,000, complete 10 debit card transactions within 90 days, and maintain the qualifying average collected balance from day 30 to day 90. Bonus tiers are $400 for $4,000-$24,999.99, $750 for $25,000+, $1,000 for $50,000+, and $1,500 for $100,000+. Bonus is paid about 120 days after opening.

Availability

Nationwide

Last updated: May 8, 2026