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.

What APY does BMO Harris Bank offer?

BMO Harris Bank Statement Savings Account offers an APY of .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.

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. Avoid the monthly fee by setting up a direct deposit of at least $25.

• 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.