Who qualifies for the BMO $400 bonus?

This bonus is available to new customers only, no account with BMO in past 12 months, all US residents.

How long does it take to earn the BMO bonus?

You can complete the requirements in 90 days. After qualifying, the bonus is typically credited within 100 days. Total time from account opening to bonus: approximately 190 days.

What are the requirements for the BMO bonus?

Set up direct deposit of any amount. Deposit at least $4000 within 90 days.

Are there any fees for the BMO Smart Money Checking / Smart Advantage Checking / Relationship Checking?

Yes, be aware of: $5/month fee (waivable).

Is the BMO $400 bonus worth it?

The BMO bonus offers $400 in value. After accounting for potential fees, the net value is approximately $400. The requirements are straightforward, making this an easy bonus to earn.

BankOffers.app

CheckingEasy

BMO $400 Bonus

Smart Money Checking / Smart Advantage Checking / Relationship Checking

Expires: May 4, 2026✓ Nationwide

Last verified: January 31, 2026View official bank terms →

Bonus Amount

$400

Apply Now

Direct Deposit

Required

Time to Qualify

90 days

Payout Time

100 days

💡 Quick Answers

Who qualifies?

New customers only. No BMO account in past 12 months. Available nationwide.

Fastest way to earn

Complete requirements in 90 days. Bonus arrives within 100 days after qualifying.

Key requirements

• Direct deposit required
• Deposit $4,000 within 90 days

Fees & gotchas

• $5/mo fee (waivable)
• No early closure fee ✓

Is it worth it?

$400 bonus with no fees to worry about. Full bonus value! Requirements are straightforward—good for bonus beginners.

🧮 Calculate your personalized net value →

✅ How to Qualify

1Open a new BMO Smart Money Checking, Smart Advantage Checking or Relationship Checking account
2Have a cumulative total of $4,000 in qualifying direct deposits post to your account within 90 days of account opening

📅 Timeline

Day 1

Open Account

Open a new Smart Money Checking / Smart Advantage Checking / Relationship Checking account with $25 minimum deposit

Day 1-90

Fund Account

Deposit $4,000 within 90 days

Within 90 days

Set Up Direct Deposit

direct deposit

100-100 days after qualifying

Receive Bonus

Bonus credited to your account

💵 Fees & How to Avoid Them

Monthly Fee$5 (waivable)

Smart Money: $5 monthly fee or $0 if under age 25; Smart Advantage: $0 monthly fee; Relationship: $25 monthly fee or $0 if waived

💡 This fee can be waived - check bank requirements

Early Closure Fee$0 ✓

⚠️ Things to Watch Out For

•New customers only - existing customers do not qualify
•Cannot have had account in past 12 months
•Promo code required at account opening

❌ You Won't Qualify If...

•You currently have or previously had an account with this bank
•You had an account with this bank in the past 12 months
•You have any existing account with this bank

Ready to Earn $400?

Click below to apply directly on BMO's website.

Apply for BMO Bonus

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