BMO checking $1,500 Bonus

Requirements

• Maintain Average Collected Balance Day 30-90 to set your tier: $4,000+ = $400, $25,000+ = $750, $50,000+ = $1,000, $100,000+ = $1,500
• Not available to existing BMO business checking customers, or anyone who closed one in the past 12 months
• Keep account open in good standing until the bonus pays, approximately 120 days after opening

Cash you need to float: $100,000

Timeline

1. Complete all requirements within 90 days.
2. Maintain the qualifying balance/activity for 90 days.
3. Keep the account open 120 days to avoid clawback or early-close fees.

Bonus tiers

• $400 — Tier 1: $4,000-$24,999.99 avg balance: park $4,000, hold 90 days
• $750 — Tier 2: $25,000+ avg balance: park $25,000, hold 90 days
• $1,000 — Tier 3: $50,000+ avg balance: park $50,000, hold 90 days
• $1,500 — Tier 4 (max): $100,000+ avg balance: park $100,000, hold 90 days

Closing the account (what we verified)

• Early-close fee: $50 if closed within 90 days of opening.
• Bonus clawback risk if closed within 120 days of opening.
• Bonus typically posts within 120 days of completing requirements.
• Monthly fee: $25 (waived: Waived if Average Collected Balance is $10,000+ for the previous calendar month, or Monthly Combined Business Balance reaches $25,000+ for the previous calendar month).

More BMO bonuses

• BMO checking $400 bonus