BMO Bank Promotions and Bonuses Overview
BMO Bank promotions may include checking and savings incentives, business banking bonuses, credit card offers, promotional rates, and other financial benefits available to qualifying customers.
This page tracks current BMO promotions that can be verified through official BMO sources and are available to qualifying Utah customers. Offers, eligibility requirements, and expiration dates can change, so review the current terms before opening an account or applying.
For an overview of the institution, its Utah availability, accounts, credit cards, and lending products, visit our BMO Bank profile.
Some promotions may not be publicly advertised. Financial institutions may offer branch-only, relationship-based, preselected, or targeted promotions to certain customers. UtahFi includes offers that can be verified through public or otherwise reliable official sources, so additional promotions may be available to you directly through the institution.
Quick Summary
BMO currently offers several promotions available to qualifying Utah consumers and businesses. UtahFi reviews BMO Bank promotions monthly because offers, rates, and deadlines can change.
| Promotion Category | Current BMO Offer |
| Checking Account Bonuses | Up to $600 for qualifying new personal checking customers. Expires December 15, 2026. |
| Savings Account Bonuses | Up to $60 in first-year BMO Savings Builder rewards. |
| Business Account Bonuses | $400, $750, $1,000, or $1,500 for qualifying new business checking customers. Expires February 1, 2027. |
| Credit Card Bonuses | Double first-year cash back on BMO Cash Back; personal-card welcome offers of 15,000–45,000 points; and up to 100,000 points on BMO Business Platinum Rewards. Cash Back applications must be received by November 1, 2026. |
| Promotional Rates | Select 0% introductory credit card APRs, a promotional HELOC rate, a 7.99% home equity loan APR, and up to $1,000 off mortgage closing costs. Limited-time home-equity and mortgage offers expire between October 31 and November 2, 2026. |
| Referral Programs | No current public U.S. BMO customer referral bonus verified for qualifying Utah customers. |
| Member Deals and Discounts | BMO Relationship Checking offers tiered benefits including quarterly card bonuses, wire-fee rebates, ATM surcharge rebates, and other banking benefits. |
Update frequency: UtahFi reviews and updates this page monthly to keep BMO Bank promotions current. BMO may change, add, or discontinue offers between UtahFi updates, so availability and terms can change before the next monthly review.
Checking Account Bonuses
BMO currently offers qualifying new personal checking customers up to a $600 cash bonus through December 15, 2026. Utah residents are eligible.
Up to $600 BMO Checking Bonus
| Detail | Offer |
| Bonus | Up to $600 |
| How to earn it | Open a new BMO Smart Money Checking, Smart Advantage Checking, or Relationship Checking account. Beginning the month after opening, earn $100 for each consecutive month with at least $1,000 in qualifying direct deposits, for up to 6 months. |
| Monthly service fee | Smart Advantage: $0. Smart Money: $5, or $0 if under 25. Relationship Checking: $25, with waiver options. |
| Fine print | New BMO personal checking customers only. Customers who closed a BMO personal checking account within the past 12 months are excluded. The offer is limited to one per client and account. Qualifying direct deposits generally include payroll, pension, Social Security, and government benefits; bank transfers, Zelle, Venmo, wires, ATM deposits, and merchant payment platforms do not qualify. The account must remain open, in good standing, and have a balance above $0 when the bonus is paid. Bonuses may be reported to the IRS. |
| Expiration date | December 15, 2026 |
| Availability | Available to qualifying Utah residents. A $25 minimum opening deposit is required. The offer may be opened online, by phone, or at a BMO financial center using the required promo code. |
BMO tracks eligibility beginning the first calendar day of the month after account opening. Missing the $1,000 direct-deposit requirement in one month does not prevent a customer from earning bonuses in later qualifying months.
More official info: BMO Checking Bonus Offer
Savings Account Bonuses
BMO currently offers qualifying new Savings Builder customers up to $60 in first-year savings rewards.
BMO Savings Builder — Up to $60 Rewards
| Detail | Offer |
| Bonus | Up to $60 |
| How to earn it | Earn $5 for each month the account balance grows by at least $200 during the first year, for up to 12 monthly rewards. |
| Payment and cost | Each qualifying $5 reward is credited within 5 calendar days after month-end. $25 minimum opening deposit and $0 monthly maintenance fee. |
| Fine print | New Savings Builder accounts only. Product conversions are not eligible. Limited to one eligible Savings Builder account per customer as Primary Account Owner. Interest and reward payments do not count toward the required monthly balance growth. The account must remain open when rewards are paid, and rewards are reportable to the IRS. Certain customers who participated in an older BMO Statement Savings rewards offer are excluded. |
| Expiration date | No public expiration date listed |
| Availability | Available to qualifying Utah customers who can open a BMO Savings Builder account. |
BMO determines monthly balance growth by comparing the ledger balance on the last business day of the previous month with the last business day of the current month. The account is eligible for up to 12 rewards beginning with the month it is opened.
More official info: BMO Savings Builder
Business Account Bonuses
BMO currently offers qualifying new business checking customers up to a $1,500 cash bonus when opening an eligible BMO business checking account.
BMO Business Checking — Up to $1,500 Bonus
| Detail | Offer |
| Bonus | $400, $750, $1,000, or $1,500 |
| How to earn it | Have at least $4,000, $25,000, $50,000, or $100,000 in the account on Day 30 and maintain at least that balance from Days 31–90 to earn the corresponding bonus. |
| Payment and cost | Eligible accounts are BMO Digital Business Checking, Simple Business Checking, Premium Business Checking, and Elite Business Checking. Minimum opening deposit: $100. Monthly maintenance fees range from $10 to $25 and may be waived when applicable balance requirements are met. The bonus is generally paid within 14 days after completing the requirements. |
| Fine print | New BMO business checking customers only. Businesses with an existing BMO business checking account, or one closed within the past 12 months under the same TIN, EIN, or SSN, are excluded. Limited to one cash bonus per business entity. If the balance falls below the Day 30 tier during Days 31–90, the business may receive a lower qualifying tier. The account must remain open, in good standing, and above $0 when the bonus is paid. The bonus may be reportable to the IRS. |
| Expiration date | February 1, 2027 |
| Availability | Available to qualifying businesses that can open an eligible BMO business checking account online or at a BMO financial center, including qualifying Utah businesses. |
More official info: BMO Business Checking Bonus Offer
Credit Card Bonuses
BMO currently offers several consumer and business credit card welcome bonuses available to qualifying applicants, including Utah residents.
Personal Credit Cards
| Credit Card | Welcome Bonus | Spending Requirement | Annual Fee |
| BMO Cash Back Credit Card | Double cash back on first-year purchases | No minimum spending requirement. For gas, EV charging, and grocery purchases, the double-cash-back bonus is capped at $6,000 in qualifying purchases during the first 12 months. | $0 |
| BMO Platinum Rewards Credit Card | 15,000 points | Spend $1,500 within 3 months of account opening. | $0 |
| BMO Premium Rewards Credit Card | 35,000 points | Spend $5,000 within 2 months of account opening. | $95 |
| BMO Escape Credit Card | 45,000 points | Spend $5,000 within 3 months of account opening. | $150 |
The BMO Cash Back Credit Card limited-time offer requires applications by November 1, 2026. The double cash back is calculated on qualifying purchases posted during the first 12 months, and the account must remain open and in good standing when the bonus is awarded.
No public expiration date is currently listed for the BMO Platinum Rewards, Premium Rewards, or Escape welcome offers.
Business Credit Card
| Credit Card | Welcome Bonus | Spending Requirement | Annual Fee |
| BMO Business Platinum Rewards Credit Card | Up to 100,000 points | Earn 50,000 points after spending $5,000 within 3 months, plus another 50,000 points after spending at least $50,000 within 12 months. | $0 |
BMO states that the Business Platinum Rewards account must remain current and in good standing to accrue and redeem points. No public expiration date is currently listed for the welcome offer.
Promotional Rates
BMO currently offers promotional rates on select credit cards and home-equity products, along with a limited-time mortgage closing-cost discount available to qualifying Utah customers.
BMO Platinum Credit Card — 0% Introductory APR
| Detail | Offer |
| Promotional rate | 0% introductory APR on purchases and qualifying balance transfers for 15 months |
| How it works | Purchase APR applies for 15 months from account opening. Balance transfers must be completed within 90 days of opening and receive 0% APR for 15 months from the first transfer. |
| After promotion | Variable APR currently 16.49%–26.49%, based on creditworthiness. |
| Fine print | $0 annual fee. Balance transfers from other BMO accounts are not eligible. A late payment may cause the introductory APR to end. |
| Availability | Available to qualifying Utah applicants. |
More official info: BMO Platinum Credit Card
BMO Business Platinum Credit Card — 0% Introductory APR
| Detail | Offer |
| Promotional rate | 0% introductory APR on purchases for 12 months |
| How it works | The introductory purchase APR applies for the first 12 months after account opening. |
| After promotion | Variable APR currently 15.49%–24.49%, based on creditworthiness. |
| Fine print | $0 annual fee. Offer is subject to approval and current BMO credit terms. |
| Availability | Available to qualifying Utah businesses. |
More official info: BMO Business Platinum Credit Card
BMO HELOC — Limited-Time Introductory Rate
| Detail | Offer |
| Promotional rate | As low as 5.49% variable APR for 6 months |
| After promotion | As low as 7.69% variable APR. |
| How to qualify | Rate depends on property location, credit qualifications, credit limit, loan-to-value ratio, and other factors. Lowest advertised rates include qualifying Auto Pay. |
| Fine print | $75 annual fee through the ninth anniversary. BMO pays many closing costs; an early-closing recoupment fee may apply if the line is closed within 36 months. |
| Expiration date | November 2, 2026 |
| Availability | Utah properties are within BMO’s listed home-equity footprint. |
More official info: BMO Home Equity Offers
BMO Home Equity Loan — 7.99% APR
| Detail | Offer |
| Promotional rate | As low as 7.99% APR for a 15-year term |
| How to qualify | Lowest advertised rate requires a $50,000 minimum loan, qualifying loan-to-value ratio, 780+ FICO score, and Auto Pay from a BMO personal checking account. |
| Fine print | Actual APR varies by property location, credit qualifications, loan amount, loan-to-value ratio, and term. The 0.25% Auto Pay discount applies only to a new home equity loan. |
| Expiration date | November 2, 2026 |
| Availability | Available for qualifying Utah properties and borrowers. |
More official info: BMO Home Equity Loan Rates
BMO Mortgage Closing-Cost Discount
| Detail | Offer |
| Promotional benefit | $500, $750, or $1,000 off closing costs |
| How to qualify | Loans up to $500,000 receive $500; $500,001–$999,999 receive $750; $1 million or more receive $1,000. |
| Fine print | Available on select purchase and refinance mortgages secured by 1–4 unit primary residences, second homes, or investment properties. |
| Expiration date | October 31, 2026 |
| Availability | Available for qualifying Utah mortgage applications. |
More official info: BMO Mortgage Special Offers
Referral Programs
BMO does not currently appear to offer a public U.S. customer referral bonus for qualifying Utah customers.
Member Deals and Discounts
BMO does not currently advertise a broad public merchant-discount program for U.S. customers. However, BMO Relationship Checking customers can receive tiered banking benefits based on their quarterly combined balance.
BMO Relationship Checking Benefits
| Package | Balance Needed | Quarterly Card Bonus | Monthly Wire Rebate |
| Silver | Less than $25,000 | $10 | — |
| Gold | $25,000–$99,999.99 | $25 | Up to $30 |
| Platinum | $100,000–$249,999.99 | $50 | Up to $60 |
| Premier | $250,000+ | $75 | Up to $90 |
All Relationship Checking packages also include unlimited free non-BMO ATM transactions in the U.S., up to $25 per statement period in ATM surcharge rebates, free incoming wire transfers, and select banking-service benefits such as waived fees for cashier’s checks and money orders. BMO also offers safe-deposit-box benefits where boxes are available.
The quarterly credit card bonus requires at least $3,500 in qualifying net purchases during the quarter. Premier customers also receive one overdraft-fee rebate per month. Relationship package placement is based on qualifying combined BMO deposit and investment balances and is generally recalculated quarterly.
More official info: BMO Relationship Checking Benefits
Frequently Asked Questions
Does BMO offer checking account bonuses?
BMO Bank promotions may offer cash bonuses to eligible new personal checking customers. Requirements can include opening an eligible account and completing qualifying direct deposits during the promotional period.
Can existing BMO customers qualify for checking promotions?
Eligibility depends on the specific offer. BMO checking promotions commonly exclude existing checking customers and customers who recently closed a BMO checking account.
Does BMO offer savings account bonuses?
BMO may offer savings rewards tied to products such as BMO Savings Builder. These promotions can require customers to increase their account balance by a specified amount over time.
Does BMO offer business checking bonuses?
BMO periodically offers cash bonuses for eligible new business checking accounts. Bonus amounts and qualifying balance requirements vary by promotion.
Does BMO offer credit card welcome bonuses?
Yes. BMO may offer cash-back or points-based welcome bonuses on select personal and business credit cards. Spending requirements, annual fees, and offer terms vary by card.
Does BMO offer promotional interest rates?
BMO may offer promotional rates on credit cards, home equity products, mortgages, and other financial products. Rates, eligibility requirements, and promotional periods can change.
Are BMO Bank promotions available in Utah?
Many BMO promotions are available to qualifying Utah consumers and businesses, but geographic eligibility can vary by offer. UtahFi includes promotions only when Utah eligibility can be reasonably verified.
Does BMO offer referral bonuses?
BMO may occasionally offer referral promotions, but availability can vary by product, customer, and promotional period. UtahFi lists a referral offer only when a qualifying U.S. program can be verified.
Are BMO bonuses taxable?
Some cash bonuses, rewards, and other promotional incentives may be reportable to the IRS. Customers should review the applicable BMO disclosures and consult a tax professional when necessary.
Can BMO offer promotions that are not publicly advertised?
Yes. BMO may provide targeted, branch-specific, relationship-based, or other limited offers that are not available to every customer. UtahFi focuses primarily on promotions that can be independently verified through official sources.
Disclaimer: Promotions, bonuses, rates, eligibility requirements, and other offer terms may change or be discontinued without prior notice. UtahFi works to keep this information current but cannot guarantee that all offer details remain unchanged. Always verify the latest terms and conditions directly with the financial institution before opening an account, applying for a product, or participating in an offer.
