AMERICANS can get an automatic cash bonus from the Bank of Montreal if they take this specific action over 90 days.
Customers can receive this bonus for a limited time if they open a BMO Smart Advantage Checking or BMO Smart Money Checking account.
The Bank of Montreal is offering a cash bonus for a limited time with just three simple steps[/caption]
Customers have to open an account and do these simple actions for 90 days[/caption]
To receive the bonus, the accounts must be opened by September 8 with at least $25 in the account as a minimum opening deposit.
When opening an account online, a unique promo code will automatically be applied to your application.
However, if you’re applying for a checking account on the phone or at a branch, you’ll have to get a promo code from BMO’s bonus landing page first.
Customers can begin an account application online and scroll to the bottom to find the promo code needed to open the account.
After this, customers can receive a $400 bonus for opening the account using the promo code and receiving at least $4,000 in qualifying direct deposits within the first 90 days.
Customers can also earn up to $60 in savings rewards with a Savings Builder account.
A Savings Builder account gives customers a $5 reward every month, helping them grow their balance by $200 for the first year.
The account has no monthly maintenance fee, and customers can automate the savings with recurring transfers from their checking account.
Other details to consider are that your account must be in good standing to receive the bonus.
The bonus will be deposited into the person’s checking account 100 days after account opening if they’ve met all the requirements.
All bonuses are subject to being reported to the IRS for tax purposes, according to Forbes.
Also, customers can only qualify for one checking account bonus, and whichever checking account is opened first will be the only eligible account.
Qualifying direct deposits can include salary, paycheck, pension, Social Security, or government benefit payments.
SO MANY OPTIONS
The Smart Advantage Checking account comes with no monthly maintenance fees; however, other fees are associated with this account.
How to claim BMO checking offer and savings reward
- Open a checking account
- Deposit funds within 90 days of opening the account
- Earn your bonus
To receive the $60 savings reward:
- Open a savings account
- Deposit funds to grow your balance by $200 or more each month
- Earn your rewards
There are $3 fees for non-BMO ATM transactions, to get paper statements, and to receive check images.
There is also a $15 overdraft fee or $0 with a Smart Money Checking account or Overdraft Protection Line of Credit.
Customers can also open a Smart Money Checking Account comes with a $5 monthly maintenance fee for account holders who are 25 or older.
There is also a $2 paper statement fee and no overdraft fees.
There is also the BMO Relationship Checking account, an interest-earning account that comes with benefits dependent on a customer’s tier — Silver, Gold, Patinum, or Premier.
Benefits can include fee rebates, higher interest rates on deposit accounts, credit card bonuses, and loan rate discounts.
