Last Updated: 01/21/2026
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Highlights
Welcome Offer
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APY (Annual Percentage Yield)
Monthly Service Fee
BMO Smart Advantage Checking account Review
Key Takeaways
- Earn a $400 cash bonus* when you open a new BMO Smart Advantage Checking account and have a total of at least $4,000 in qualifying direct deposits within 90 days. *Conditions apply and other offers may be available. Provided in the U.S. BMO Bank N.A. Member FDIC
- No monthly maintenance fee. There is a $3 monthly fee for paper statements. The fee is waived if any account owner is 65 years or older, or if you go paperless.
- No ATM fees. BMO Smart Advantage Checking account does not charge fees on ATM transactions within its network but there is a fee of $3 for out-of-network ATM transactions . Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide.
BMO Smart Advantage Checking account Pros & Cons
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BMO Smart Advantage Checking account FAQ
Are checking accounts from BMO federally insured?
Yes, your BMO checking accounts are insured 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 Smart Advantage Checking account offer?
What are the account minimums for BMO Smart Advantage Checking account?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does BMO Smart Advantage Checking account charge?
There is a $3 monthly fee for paper statements. The fee is waived if any account owner is 65 years or older, or if you go paperless.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paper Statement Fee | $3 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | $0 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | $15 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Early Account Closure | $50 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | $35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Check Image Service | $3 (see terms and conditions) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | 2.8% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | $50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Maintenance Waiver Requirements | There is a $3 monthly fee for paper statements. The fee is waived if any account owner is 65 years or older, or if you go paperless. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does BMO Smart Advantage Checking account charge overdraft fees?
Yes, BMO Smart Advantage Checking account charges a $15 fee for every overdraft. There are instances BMO will not charge an overdraft fee, you should read the account disclosure for details.What features and perks does BMO Smart Advantage Checking account offer?
- Earn a $400 cash bonus* when you open a new BMO Smart Advantage Checking account and have a total of at least $4,000 in qualifying direct deposits within 90 days. *Conditions apply and other offers may be available. Provided in the U.S. BMO Bank N.A. Member FDIC
- Mobile Banking Services - BMO Smart Advantage Checking account allows you to manage your money online or with a mobile app. This includes depositing checks1 in your account with a mobile app on your smartphone.
- Nationwide ATM network - Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide.
Accounts are subject to approval. BMO Bank N.A. Member FDIC. A $3 monthly fee for paper statements and a $3 monthly fee for check images are waived when you select paperless statements in BMO Digital Banking.
Certain conditions and limitations apply. The Digital Banking Guarantee and Bill Pay Service Guarantee apply to personal accounts only. Please see the BMO Digital Banking Agreement found at bmo.com/us/legal for details.
Physical branches available in Arizona, California, Colorado, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, Wyoming.
Foreign Transaction Fees will apply at BMO branded ATMs and Allpoint® ATMs located outside of the United States
BMO digital banking: *Message and data rates may apply. Contact your wireless carrier for details.
1. Certain conditions and restrictions apply. Deposits are not immediately available for withdrawal. For details, please see the BMO Digital Banking Agreement found at bmo.com/us/legal.View BMO Smart Advantage Checking 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.
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SuperMoney Net Recommendation Score
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+100
BMO Smart Advantage Checking account Community Reviews
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Kawanis C.
Feb 29, 2024
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