BMO Harris Bank $300 Checking Bonus Review

BMO Harris Bank is offering customers nationwide the chance to receive a $300 Bonus when you open a a new BMO Harris Everyday Checking, BMO Harris Select Checking, or BMO Harris Portfolio Checking account. Once you’ve opened a new account, you will need to set up a recurring direct deposit of $300 or more. Offer is valid until 2/8/2016. The first direct deposit must occur within 60 days of account opening. In addition to opening a new checking account, you will need to open a Select Money Market account by 2/8/2016 with a minimum initial deposit of $10,000. To earn an additional $300 you can sign up for a Chase Premier Checking!

How To Earn BMO Harris Bank $300 Bonus:

1. Open a BMO Harris Everyday Checking, Select Checking, or Portfolio Checking® account by February 8, 2016.
2. Set up a recurring direct deposit of $300+ within 60 days of account opening.
3. Open a Select Money Market account with a minimum initial deposit of $10,000 by 2/8/2016.
4. The $10,000 deposit must remain in the account for 90 days.
5. The $300 bonus will be awarded after 120 days of meeting the requirements.

BMO Harris Bank Promotion Summary:

• Direct Bonus Link
  
• Account Type: Everyday Checking, Select Checking, & Money Market
• Maximum Bonus: $300
• Availability: Nationwide
• Expiration Date: 02/8/2016
• Hard/Soft Pull: Soft Pull
• Direct Deposit Requirement: Yes, a monthly direct deposit of $300 within 60 days of account activation
• Additional Requirements: Minimum $100 initial deposit is required
• Monthly Fee: Yes, however monthly fees can be waived. A $1,000 balance is required to waive the $10 monthly fee on Everyday Checking and a $5,000 balance is required to waive the $15 monthly fee on Select Checking.
• Early Termination Fee: $50 termination fee if account closed within 90 days, and bonus is lost if account closed within 6 months.

Fine Print & Bonus Terms:

• Valid for a new BMO Harris Everyday Checking, BMO Harris Select Checking or BMO Harris Portfolio Checking account
• Limited to one per account.
• Offer is not available to existing BMO Harris personal checking account customers.
• BMO Harris reserves the right to amend or cancel any part of this offer.
• We reserve the right to request documentation to support that the direct deposits are qualifying direct deposits.
• The account must be open and in good standing on the Payment Date to receive the cash bonus.
• Cash Bonus will be reported to the IRS for tax purposes.
•  Minimum deposit needed to open each is $100.

Final Analysis:

For residents Nationwide, I highly suggest opening a BMO Harris Bank checking account (Everyday Checking, Select Checking, or Portfolio) & a Money Market account to earn a easy $300 cash bonus. All requirements must be done within 60 days of account opening. In addition, the account should be opened for approximately 120 days in order to avoid any forfeited money or penalty towards your account standing. Overall, this is an easy $300 bonus, especially since BMO Harris performs soft pulls. Also, don’t forget to check out our complete list of Bank Bonuses!