How to earn the bonus
- Open BMO Digital, Simple, Premium or Elite Business Checking through the official offer between 09-01-2026 and 02-01-2027 with at least $100. Online applications must be submitted before 9 p.m. Central Time on the final day.
- Use the official online opening button for automatic promo-code application; for branch opening, request and present the code supplied by BMO's offer form.
- On day 30 have at least $4,000 for $400, $25,000 for $750, $50,000 for $1,000 or $100,000 for $1,500. Keep that minimum daily balance from day 31 through day 90.
- Dropping below the assigned tier can reduce the bonus to the lowest tier reached; dropping below $4,000 fails the minimum. Increasing funds after day 30 does not raise the assigned bonus.
- Keep the eligible business account open, in good standing and with a positive balance through bonus payment.
Promo code
Promo code required — provided through the official offer.
Direct deposit and qualifying activity
No payroll direct deposit required. The day-30 balance assigns a bonus tier, then the minimum daily balance from days 31–90 determines the payment. $4,000 earns $400; $25,000 earns $750; $50,000 earns $1,000; $100,000 earns $1,500. A drop can lower the tier; a later increase cannot raise the day-30 assigned tier.
Day 1 is opening day, or the next business day if opened on a non-business day. Meet the tier balance on day 30 and maintain its minimum every day from day 31 through day 90.
Minimum opening deposit
$100
Offer timeline
Open the account
Open BMO Digital, Simple, Premium or Elite Business Checking through the official offer between 09-01-2026 and 02-01-2027 with at least $100. Online applications must be submitted before 9 p.m. Central Time on the final day.
Complete requirements
Day 1 is opening day, or the next business day if opened on a non-business day. Meet the tier balance on day 30 and maintain its minimum every day from day 31 through day 90.
Expected bonus payout
Within 14 days after meeting the requirements through day 90, approximately day 104 from the start of tracking.
Account closure and payout conditions
Remain in an eligible business checking product, open and in good standing with a positive balance on payment day.
Monthly fee and how to waive it
$10/mo
How to waive it
- For Simple Business Checking, maintain at least a $100 average collected balance per statement period. Other eligible products have different fees and waiver thresholds; see the account-options section.
Eligibility and previous-customer rules
New-customer rule
Not eligible if the same TIN, EIN or SSN has an existing BMO business checking account or closed one in the previous 12 months.
Previous-bonus rule
One cash bonus per business entity; multiple checking accounts do not earn multiple bonuses.
Other restrictions
Cannot be combined with another offer. Business account approval and identification requirements apply. Bonus may be reported for tax purposes.
Availability
For eligible U.S. businesses, subject to BMO account and address approval. The promotion does not publish an eligible-state list; confirm your business address with BMO.
Deadline, payout and account closure
Offer ends
Online applications must be submitted before 9 p.m. Central Time on 02-01-2027.
Expected bonus payout
Within 14 days after meeting the requirements through day 90, approximately day 104 from the start of tracking.
Closure and payout conditions
Remain in an eligible business checking product, open and in good standing with a positive balance on payment day.
Eligible account options and fees
The comparison lists Simple Business Checking: $10 monthly, waived with a $100 average collected balance per statement period. The same promotion also includes Digital ($10 monthly; $500 average collected balance waiver), Premium ($15; $1,500 average collected balance waiver) and Elite ($25; $10,000 average collected balance or $25,000 Monthly Combined Business Balance waiver). Account transaction and cash-deposit charges may also apply. Check the official disclosures for the product you choose.
The highest bonus requires $100,000, not the $100 opening deposit. The day-30 tier caps the bonus; later balance increases do not upgrade it.