BMO Bonuses: Best Promotions and Offers for 2025
Written by
Cynthia Bowman
Edited by
Melanie Grafil
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BMO is one of the largest banks in North America in terms of assets, and it’s been providing financial services for more than 200 years. Like many other banks, BMO periodically offers cash bonuses to attract new customers.
Current BMO Bonuses and Promotions: September 2025
Here’s a quick rundown of current BMO offers:
| Account | Bonus Amount | Expiration Date |
|---|---|---|
| BMO Smart Advantage Checking | $400 | Sept. 8, 2025 |
| BMO Smart Money Checking | $400 | Sept. 8, 2025 |
| BMO Mortgages | Up to $500 closing cost discount | Sept. 30, 2025 |
Current BMO Checking Account Promotions
Here’s a look at currently available BMO bonuses for checking accounts.
BMO Smart Advantage Checking: $400 Bonus
As one of the most popular offers available currently, BMO Smart Advantage Checking offers an attractive bonus of $400 when you complete the qualifying activities in the first 90 days.
Here are all the details:
- Bonus value: $400
- Minimum deposit: $25
- Expiration date: Sept. 8, 2025
- How to claim: Complete at least $4,000 in qualifying direct deposits
- Terms and conditions: You must complete the qualifying direct deposits in the first 90 days
- Fees: No monthly maintenance fees
Claim extra cash with the BMO Smart Advantage Checking bonus.
BMO Smart Money Checking: $400 Bonus
Similar to the BMO Smart Advantage Checking account, you can receive a $400 bonus after completing at least $4,000 in qualifying direct deposits. There is a $5 monthly maintenance fee with this account, but if you are 25 years or younger, that fee is waived.
Here’s what you should know:
- Bonus value: $400
- Minimum deposit: $25
- Expiration date: Sept. 8, 2025
- How to claim: Complete at least $4,000 in qualifying direct deposits
- Terms and conditions: You must complete the direct deposits in the first 90 days
- Fees: Waivable $5 monthly maintenance fee
Earn a bonus with the BMOÂ Smart Money Checking account.
BMO Mortgage Bonuses
Checking accounts are not the only area for which BMO is offering incentives to new customers. Their home loan department also wants in on the action.
BMO Mortgage Promotion: $500 Closing Cost Discount
BMO offers home mortgages in addition to its other loan products. And now through Sept. 30, 2025, the bank is offering $500 off mortgages on primary or secondary residences and investment properties. This includes refinances.
To simplify the process, you can apply online and upload all your documents to get prequalified before you start shopping for a home.
Here’s more:
- Bonus value: $500
- Expiration date: All mortgage applications from Sept. 1, 2024, through Sept. 30, 2025
- How to get it: Be approved for a BMO mortgage
Apply online for a BMO mortgage to get a $500 bonus.
How To Open a BMO Account
To open a new account, you can visit a BMO branch or apply online. Here’s what you’ll need to open a BMO bank account:
- Name and personal information
- Social Security number
- Date of birth
- Driver’s license or state ID
- A debit card number or your bank’s routing number and account number to transfer funds
Tips for Getting the Most From BMO Promotions
BMO bonuses can be a great way to boost your finances, but it’s important to make the most of them:
- Make sure you understand and follow the bonus requirements so you don’t accidentally miss out on it.
- You should also make sure you actually want the account and feel like you’ll use it aside from the bonus money.
- Be aware of any fees on BMO checking accounts that can eat away at your bonus money.
BMO Bonus Offers To Help You Save More
BMO’s current bonuses provide easy ways to earn cash, whether you’re opening a new checking account or applying for a mortgage. Just be sure to read the fine print and meet all the qualifying requirements.
Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions.
BMO Promotions and Bonus Offers FAQ
Here are the answers to some of the most frequently asked questions about BMO bonus offers.- Can BMO promotions change or be discontinued?
- Yes, BMO promotions can be discontinued or stopped at any time. It’s always a good idea to check with the bank’s website to see the latest promotions and offers available.
- What happens if I close my account early?
- You won't receive the bonus.
- Are there any taxes on bank bonuses?
- Bank bonuses are taxed like interest, and if you make more than $10 in a year your bank will send you a 1099-INT form for your taxes.
More From BMO
Terence Loose contributed to the reporting for this article.
Data is accurate as of Aug. 25, 2025, and is subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
This article has been updated with additional reporting since its original publication.
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- Federal Reserve. 2024. "Large Commercial Banks."
