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  BMO Harris Smart Money Account
BMO Harris Smart Money Account
in Checking Accounts from BMO Harris Bank · Member FDIC
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BMO Harris Smart Money Account

Claimed
in Checking Accounts from BMO Harris Bank · Member FDIC
Net Recommendation Score -50  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
3 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
(Verified 07/06/2022)
Monthly Fee $0 - $5
Minimum Balance to Avoid Monthly Fee N/A

BMO Harris Smart Money Account Review

BMO Harris Smart Money Account is offered by BMO Harris Bank, a bank founded in 1882 and based in Chicago, IL. BMO Harris Smart Money Account is available in 50 states (and Washington, DC).

Key Takeaways

  • Get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days
  • 0% APY. As with most checking accounts, BMO Harris Smart Money Account does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of up to $5.
  • No ATM fees. BMO Harris Smart Money Account does not charge fees on ATM transactions within its network but there is a fee of up to $3 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through BMO Harris Bank.

BMO Harris Smart Money Account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.

BMO Harris Smart Money Account FAQ

Are checking accounts from BMO Harris Bank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does BMO Harris Smart Money Account offer?

BMO Harris Smart Money Account is not an interest-bearing account.

What are the account minimums for BMO Harris Smart Money Account?

BMO Harris Smart Money Account requires a minimum initial deposit of $25 to open an account.

BMO Harris Smart Money Account Minimums
Description
Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0

What fees does BMO Harris Smart Money Account charge?

This account charges a monthly service fee of up to $5.

BMO Harris Smart Money Account Fees
Description
Monthly Fee $0 - $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $3
Foreign Transaction Fee (Debit Card) 2.8%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $50
Paper Statement Fee $2
Online Bill Pay Fee $0
Check Image Service $3
Check Cashing Fee $10
Debit Card Replacement Fee $5
Early Account Closure $50

Does BMO Harris Smart Money Account charge overdraft fees?

No, BMO Harris Smart Money Account does not charge overdraft fees.

BMO Harris Smart Money Account offers overdraft protection at a cost of $10 per transaction.

What features and perks does BMO Harris Smart Money Account offer?

This account includes the following features:

  • Get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days
  • Fraud monitoring - BMO Harris Smart Money Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - BMO Harris Smart Money Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for BMO Harris Smart Money Account?

The customer support email for BMO Harris Smart Money Account is servicemembers@bmo.com.

How do people rate the customer service and user experience of BMO Harris Smart Money Account?

Overall, BMO Harris Smart Money Account is mostly not recommended based on community reviews that rate customer service and user experience.

BMO Harris Smart Money Account Disclosure: The monthly fee is $0 for consumers under 25 and $5 for those that are over 25. View BMO Harris Smart Money Account's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From BMO Harris Bank

North America's eighth largest bank by assets, BMO serves more than 12 million customers through three integrated operating groups providing personal and commercial banking, wealth management and investment services. Building on 203 years of experience (and counting), we're globally minded and socially conscious, with a strong brand, distinctive capabilities and a clear, well-defined strategy. We're proud of our bank's highly engaged workforce and award-winning collaborative culture. BMO employees are dedicated to transparency, sound governance and the highest standards of ethical conduct – values that form the foundation of trust and cement the lasting connections we create with our customers, our communities and each other.

BMO Harris Smart Money™ Account BMO Smart Money Account is a low monthly fee checking option with no overdraft or NSF fees.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $25
Minimum Balance to Earn APY $0
Monthly Fee $0 - $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $3
Foreign Transaction Fee (Debit Card) 2.8%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $12
Returned Deposit Fee (International) $12
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $50
Paper Statement Fee $2
Online Bill Pay Fee $0
Check Image Service $3
Check Cashing Fee $10
Debit Card Replacement Fee $5
Early Account Closure $50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Member FDIC
Bonus Offer Get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0%
(Verified 07/06/2022)

BMO Harris Smart Money Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -50, equating to 2 on a 5 point rating scale.

-50

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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