BMO Harris Bank Premier Platinum Money Market Account Review

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

• Very high APY. This account offers an annual percentage yield of up to 1.9%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros	Cons
Available in all 50 states. High-interest yield. Does not offer mobile check deposits. Access to physical branches. Free debit card No charge on incoming domestic or international wire transfers.	No signup bonus. Monthly service charge.

Are money market accounts from BMO Harris Bank federally insured?

Yes, your BMO Harris Bank money market accounts are 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 are the interest rates for BMO Harris Bank Premier Platinum Money Market Account rates?

BMO Harris Bank Premier Platinum Money Market Account offers an APY starting at 0.05% and ranging up to 1.9% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

BMO Harris Bank Premier Platinum Money Market Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.05% - 1.9%

What are the fees for BMO Harris Bank Premier Platinum Money Market Account?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,500.

BMO Harris Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of withdrawals or transfers you can make from your money market account to six per month.

BMO Harris Bank Premier Platinum Money Market Account Fees

Fees	Amount
Monthly Fee	up to $15
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for BMO Harris Bank Premier Platinum Money Market Account?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does BMO Harris Bank Premier Platinum Money Market Account offer?

This account includes the following features:

• Check images with statement - Reconciiling your account and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - BMO Harris Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - BMO Harris Bank Premier Platinum Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
• Nationwide ATM network - BMO Harris Bank Premier Platinum Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

How to open an account with BMO Harris Bank

• Visit the BMO Harris Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.