How to get a business checking bonus: You can receive either the $300 bonus or the $500 bonus. You can apply online or at a BMO branch. To apply online visit bmo.com/businesscheckingoffer, select Open Now for the checking account of your choice and we’ll automatically apply the promo code for you. To apply at a branch, visit bmo.com/businesscheckingoffer, enter your information, and select “SEND MY PROMO CODE” to receive the promo code you must use when opening your account.

You are not eligible for the business checking bonus if you have an existing BMO business checking account or have closed a BMO business checking account within the past 12 months, using the same Taxpayer Identification Number (TIN)/Employer Identification Number (EIN)/Social Security Number
(SSN) as the new account. Bonus will be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. Offer can be changed or canceled without notice at any time, cannot be combined with any other offer, and is limited to one bonus per business entity.
The minimum deposit to open a business checking account is $100. For business checking account and fee information, including current interest rates for the variable rate BMO Elite Business Checking account, visit bmo.com or call 1-800-546-6101.

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 May 15, 2023, and September 15, 2023.
2) On Day 120 after account opening, your Average Collected Balance over the 120 days must be at least $4,000. The Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the 120 days and dividing that figure by 120.
3) Have at least ten (10) electronic transactions post to the account within 120 days of account opening. Electronic transactions can be any combination of ACH credits or debits, real-time payments, 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 May 15, 2023, and September 15, 2023.
2) On Day 120 after account opening, your Average Collected Balance over the 120 days must be at least $10,000. The Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the 120 days and dividing that figure by 120.
3) Have at least ten (10) electronic transactions post to the account within 120 days of account opening. Electronic transactions can be any combination of ACH credits or debits, real-time payments, 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 (1) 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 you qualify for will be deposited into the new checking account within 14 days of meeting the respective promotion requirements stated above, approximately Day 135.

In order to receive the bonus, you must 1) meet the associated criteria for the respective offer mentioned above, 2) your checking account must be in an open status and in good standing with a balance greater than zero on the day of payment, and 3) be either a BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account.

Accounts are subject to approval and are provided in the United States by BMO Harris Bank N.A. Member FDIC