BMO Harris Bank is headquartered in Chicago and is the largest bank in the state of Illinois. It is also the 20th largest bank in the nation. It was established in 1947 and as of June of 2020, it had grown to 10,802 employees at 554 locations. BMO Harris Bank has an A health rating.
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7/25 - BMO Harris Platinum Money Market Drops To 0.95%
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6/19 - Another BMO Harris MM Rate Cut
6/10 - BMO Harris mm Drops To 1.35%
5/1 - BMO Harris Savings Drops To 1.65% APY
4/8 - BMO Harris Bank MM 1.75% APY, $5,000 Min
3/25 - 3% 5 Year CD As Of March 25
2/26 - BMO Harris Bank Has A Special Rate 60-Month CD
1/29 - 2% 18 Month CD At BMO Harris Bank
7/3 - BMO Harris Bank Adds CD Specials (Checking Relationship)
5/10 - BMO Harris Bank's $200 Checking Bonus Available Nationwide
3/2 - Earn $200 Checking Bonus At BMO Harris Bank
2/28 - $200 Checking Bonus From BMO Harris Bank
2/21 - BMO Harris Bank Adds Three Relationship CD Specials
4/29/16 - $200 Checking Bonus Has Been Extended At BMO Harris
7/31/15 - BMO Harris Bank Promotes New Checking $200 Cash Bonus
6/19/14 - Up to $200 Checking Account Bonus at BMO Harris Bank
3/19/14 - BMO Harris $200 Checking Account Bonus - May Be Targeted
3/11/13 - Up to $200 Checking Account Bonus at BMO Harris Bank in Some States
8/2/10 - $1,000 Business Checking Promotion At Harris Bank In IL, WI & IN
11/11/09 - $150 Checking Account Bonus at Harris Bank
9/1/09 - $150 Checking Account Bonus at Southwest Bank in Missouri - Local Only
3/13/09 - 3.00% 10-Month CD & 3.75% 39-Month CD at AMCORE Bank in IL & WI
1/20/09 - 4.00% 39-Month CD and 3.50% 10-Month CD at Amcore Bank in IL and WI
10/24/08 - 4.50% 7-Month / 5.10% 60-Month CD at Harris Bank
7/19/08 - 5.00% 39-Month / 4.00% 19-Month CD at an IL/WI Bank (Amcore)
5/24/08 - 4.70% 60-Month / 3.60% 20-Month CD at M&I Bank
4/20/08 - 4.50% 60-Month CD at M&I Bank
1/9/06 - CD Specials (5% 13-mo) at an Indiana Bank
Good customer service
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.
Rates May Not Be As Shown
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.
There Are BETTER Banks To Do Business With
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
This bank makes it much harder to close an account than other banks I've used. Do not recommend it.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16571 |
| Year Established | 1947 |
| Employees | 10802 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 4.03% |
| Annual Interest Income | $2.12B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $153.5B$129.6B |
| Loans | Q2 2020vs Q2 2019 | $88.12B$85.67B |
| Deposits | Q2 2020vs Q2 2019 | $128.8B$101B |
| Equity Capital | Q2 2020vs Q2 2019 | $17.70B$16.56B |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.09B$775.7MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.51B$938.1MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $18.2MM$18.7MM |
