BMO Harris Bank is headquartered in Chicago and is the 2nd largest bank in the state of Illinois. It is also the 21st largest bank in the nation. It was established in 1947 and as of September of 2020, it had grown to 10,632 employees at 554 locations. BMO Harris Bank has an A health rating.
Harris bank has good customer service but is lacking in products and fees. They had a good partnership with local elementary schools to help kids start saving. This was great as it gave the community a jump start and showed that they cared. I am happy I got a chance to know the local tellers and start my understanding of savings with them.
Be careful with BMO Harris, They are trying to attract new money from outside their normal market areas. If you are in an area that has local branches, the rate is much lower.
In the first week of account opening, BMO Harris froze my account claiming they couldn’t verify my identity. This prevented me from making deposits and withdrawals for a number of days until the matter was finally resolved after numerous calls. Also, external transfers take days to post to your BMO Harris account even though the funds are deducted immediately from your transferring bank. Investors are losing interest income during these
posting delays while BMO benefits from having the use of your money -other banks are much quicker. I will be closing my account with BMO and doing business elsewhere !
BMO Harris wants to steal money from you! They charge you overdraft fees even after you deposit the same day!!!!! I had to go into the location today to be spoken too like I a was a piece of crap! I can not wait to cancel this account in a few weeks. Horrible customer service when you call as well. I had a rep tell me I'm not entitled to speak with a manager and basically BYE. Yes !!!! This is the bank that I pay hundreds in fees... The bank that is suppose to work for me??? DO NOT OPEN AN ACCOUNT HERE!! I will leave reviews everywhere I can to help save someone from going through what I've gone through! Shame on you for taking from people during a pandemic!
Overall | |
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FDIC Certificate # | 16571 |
Year Established | 1947 |
Employees | 10632 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.51% |
Return on Equity - YTD | 4.29% |
Annual Interest Income | $3.09B |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $151.5B$138.8B |
Loans | Q3 2020vs Q3 2019 | $85.14B$87.31B |
Deposits | Q3 2020vs Q3 2019 | $126B$105.4B |
Equity Capital | Q3 2020vs Q3 2019 | $17.87B$16.74B |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.23B$755.0MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.29B$892.8MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $14.3MM$23.1MM |
Always verify rates and promotions with the bank or credit union. We are not BMO Harris Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.40%* | $50k* | - | Health Savings Account | ||
OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $10k | 0.20% → $10k - $25k | 0.30% → $25k - $50k | |||||
0.03% | - | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $25k* | - | Platinum Money Market | ||
OTHER TIERS: 0.05% → $5k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.03%* | $5k* | - | BMO Harris Premier Account | ||
OTHER TIERS: 0.01% → Up to $5k | |||||
0.00% | - | - | BMO Harris Smart Advantage™ Account |