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  BMO Harris Bank Statement Savings Account

BMO Harris Bank Statement Savings Account

in Savings Accounts from BMO Harris Bank

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BMO Harris Bank Statement Savings Account

Unaffiliated

in Savings Accounts from BMO Harris Bank

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Highlights
Highlights
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.05%
APY Minimum Balance $0.01

BMO Harris Bank Statement Savings Account Review

BMO Harris Bank Statement Savings Account is offered by BMO Harris Bank, a bank founded in 1882 and based in Chicago, IL. BMO Harris Bank Statement Savings Account is available in 8 states across the USA.

Are savings accounts from BMO Harris Bank federally insured?

Yes, your BMO Harris Bank savings 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.

Does BMO Harris Bank offer a signup bonus?

BMO Harris Bank Statement Savings Account doesn't offer a signup bonus.

What is the minimum balance for BMO Harris Bank Statement Savings Account?

The minimum balance to open a BMO Harris Bank Statement Savings Account is $25.
BMO Harris Bank Statement Savings Account Account Minimums
Description
APY Minimum Balance $0.01
Minimum Initial Deposit $25
Minimum Combined Balance to Avoid Monthly Fee N/A
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee N/A
Minimum Balance to Avoid Monthly Fee $100

What APY does BMO Harris Bank offer?

BMO Harris Bank Statement Savings Account offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does BMO Harris Bank Statement Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - BMO Harris Bank Statement Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
  • BMO Harris Bank Statement Savings Account Features
    Description
    Bank Account Features
    • Automatic Savings
    • Bauer Financial A+/A Rating
    • Branch Access
    • Check Images with Statement
    • Fraud Monitoring
    • Free Bill Pay
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • No ATM Fees
    • No Monthly Maintenance Fee

What fees does BMO Harris Bank Statement Savings Account charge?

BMO Harris Bank Statement Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $100.

  • Outgoing domestic bank transfers come with a $30 fee.
  • Outoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • BMO Harris Bank Statement Savings Account charges a $50 fee for an early account closure. Contact BMO Harris Bank Statement Savings Account for more details on what is considered an early closure.
  • BMO Harris Bank Statement Savings Account charges $5 every time you request a paper statement.
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Availability

  Available in 8 states
  • Arizona
  • Florida
  • Illinois
  • Indiana
  • Kansas
  • Minnesota
  • Missouri
  • Wisconsin

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $100
Minimum Initial Deposit $25
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Early Account Closure $50
Monthly Fee $0 - $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $12
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $50
Bauer Financial A+/A Rating  
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Branch Access
  • Check Images with Statement
  • Fraud Monitoring
  • Free Bill Pay
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.05%

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