You can earn up to $60 bonus when you open a Savings Builder account at BMO.

To qualify for the bonus, simply

Receive Up to $60 Savings Bonus:
- For every month your Savings Builder account balance grows by at least $200, you will receive a $5 savings reward within 5 calendar days after the end of the month.

Table of Contents

BMO Savings Builder Bonus (Up to $60)

What you’ll get: Up to $60
Account Type: Savings Builder Account
Availability: Nationwide
Direct Deposit Requirement: No
Credit Inquiry: Soft Pull
Credit Card Funding: Cannot fund with credit card
Monthly Fee: None
Early Account Termination Fee: Your account must be open, in good standing and must have a balance greater than zero when the bonus is paid approximately 120 days after opening
Household Limit: None listed

$60 Bonus at BMO

(Limited time offer)

Editor’s Note: You can earn up to $500 checking bonus in addition to the $60 saving bonus through the offer above.

Fine Print

For every month your Savings Builder account balance grows by at least $200, we will credit the account with a $5 savings reward within 5 calendar days after the end of the month.
To calculate if your balance has grown by $200, we will compare the Ledger Balance on the last Business Day of the previous month to the Ledger Balance on the last Business Day of the current month.
Interest and savings reward payments will not count towards your balance growth.
Your account is eligible for 12 savings rewards beginning with the month your account is opened. The first savings reward is based on your savings growth from the Business Day the account is opened through the last Business Day of that month.
If your initial deposit is not received until the month after account opening, the account will only be eligible for 11 savings rewards.
Your account must be open when the savings rewards are paid. Savings rewards will be reported to the IRS for tax purposes and you are responsible for any applicable taxes.
Exclusions:
- Savings rewards are available for new accounts only. An account switched into Savings Builder from a different product is not eligible for savings rewards.
- Savings rewards are limited to one Savings Builder account per customer as Primary Account Owner. Only your first account opened is eligible for savings rewards.
- You are not eligible to receive savings rewards if you have previously opened a Statement Savings account between February 3, 2020 and October 18, 2021 and participated in the Statement Savings account – Savings Rewards offer.

Bottom Line

This is a great offer to go along with your BMO checking. It takes less than 5 minutes to open an account online. You’ll reach your financial goals faster with no monthly maintenance fee. Plus, they’ll reward you with an extra $5 every month you save $200 or more, for the first year.

Be sure to check out our latest BMO Promotions or check out our full list of bank promotions to keep updated on amazing offers!