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 March of 2021, it had grown to 10,436 employees at 553 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
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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 !
Very Disappointed With BMO Harris Investments
I had a 401k with a previous employer that was rolled over to an IRA with BMO Harris after I left. Have been trying to get it routed over to where I have the rest of my investments for a few months and it's been an absolute nightmare. Lack of direction, confusing forms and poor customer service overall. I'm a pretty patient person, but after multiple calls and a lot of time wasted it's been super frustrating. Highly recommend taking your investment funds elsewhere and saving yourself the headache.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16571 |
| Year Established | 1947 |
| Employees | 10436 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 9.35% |
| Annual Interest Income | $944.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $159.2B$145.2B |
| Loans | Q1 2021vs Q1 2020 | $84.65B$91.69B |
| Deposits | Q1 2021vs Q1 2020 | $134B$117B |
| Equity Capital | Q1 2021vs Q1 2020 | $18.14B$17.45B |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.13B$933.3MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $988.1MM$1.00B |
| Real Estate Owned | Q1 2021vs Q1 2020 | $5.7MM$19.3MM |
