Time to Complete
90 days
Min. Hold Period
90 days
Direct Deposit Required
Set up recurring direct deposits to your account
Open a new BMO personal checking account (Smart Money, Smart Advantage, or Relationship Checking) and earn a $400 cash bonus by making qualifying direct deposits totaling at least $4,000 within 90 days of account opening. Relationship Checking has a $25 monthly fee that is avoidable; Smart Advantage has no monthly fee and Smart Money has a $5 fee waived if under age 25. Early closure fee of $50 applies if the account is closed within 90 days. Offer is available nationwide and typically requires a soft pull, with no credit card funding allowed.
Availability
Qualifying Direct Deposits
ACH pushes from these financial institutions have qualified as a direct deposit at BMO. Counts are community-confirmed data points.
Last updated: March 3, 2026