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BMO Harris Offers $200 Checking Bonus

BMO Harris bank logoYou can land a bonus of up to $200 if you open a new checking account in one of the nine states where BMO Harris Bank has branches.

Through Monday, the Chicago-based bank offers a bonus of either $150 or $200 – depending on the type of account you open – to new checking account customers who receive a monthly direct deposit of at least $300.

You have three checking account choices, and you’ll need to make a minimum deposit of $100 to open any of them. Then you’ll have to set up direct deposit of a paycheck, pension check, Social Security check or other government benefit check.

The first deposit must hit your account within 60 days of account opening. If you do that, you’ll receive the bonus within about 120 days.

If you open a BMO Harris Everyday Checking account, which has the lowest monthly service fee, you’ll receive a $150 bonus. The account has a $10 monthly maintenance fee, but you can get it waived if you have a direct deposit of $500 or more or keep a daily balance of at least $1,000 in your account.

You’ll land a $200 bonus if you open a BMO Harris Select Checking account or a BMO Harris Portfolio Checking account.

The Select Checking account has a $15 monthly service fee, but it can be waived if you have a minimum daily balance of at least $5,000, you have linked savings or money market accounts and have a combined balance of $10,000, or you have a loan or line of credit with the bank.

This account pays interest, barely. You’ll earn between 0.01% APY and 0.05% APY, depending on your account balance and where you live.

With the Portfolio Checking account, you’ll pay a hefty $25 monthly fee unless you keep at least $25,000 in your checking account; have at least $25,000 in combined accounts; or have a mortgage, loan, line of credit or investment account with the bank. Balances below $25,000 earn 0.05% APY; higher balances earn 0.10% APY.

With any of the checking accounts, you’ll get up to $25 in ATM fees reimbursed each month.

The bonus is available to residents of Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri, Nevada and Wisconsin.

You can open an account online or at one of the more than 600 branches in those nine states.

For more information, visit or call 888-340-2265.

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