BMO Harris Bank is headquartered in Chicago and is the largest bank in the state of Illinois. It is also the 22nd largest bank in the nation. It was established in 1947 and as of June of 2019, it had grown to 11,456 employees at 598 locations. BMO Harris Bank's money market rates are 5X the national average, and it has an A health rating.
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6/19/14 - Up to $200 Checking Account Bonus at BMO Harris Bank
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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
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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.
Did not feel the love...
We have dealt with BMO for many years. A few years ago we had the unfortunate opportunity to find out that accounts will now be charged for inactivity. What a sham! It is my money, seriously, how hard is it to let it sit?! Any time I have to go into my local bank for help with my savings or checking, I might find that I have to wait a number of hours or even days for attention. It also bothers me that the savings account rates are so low. Each time I visit the bank, the staff tries to "sell" me on the idea of opening another account to get better interest rates. When I see the low interest rates, I can see t is not worth my time. The low rates are discouraging, and while they are the norm, there was a time BMO led the banks with great rates.
Online Banking Is Down Again
Losing faith with the online banking feature. It's down for maintenance again tonight. I've never had a problem with Ally.
25 1 Star Reviews
It is the decision of each person whether the BMO current account rates are worth the terrible website and customer service. I'll add my own experience to the other 1 star reviews to give further data for that decision.
It takes >30 minutes for Cust. Service to answer phone calls and there is no chat, email support for non-account holders, or a leave your number to receive a call back option.
My initial deposit from a linked external bank was rejected by the BMO website. No one in Cust. Serv. could explain/fix this after 2.5 hours of being bounced around to 4 different reps. One rep. actually transferred me to a recording that stated "Customer Service is now closed, please call back tomorrow". (I called back, waited another 30 minutes, and talked with yet another rep.)
Important account information is very hard to find on the web page, phone Cust. Serv. is time consuming and could not answer basic questions (the max. daily and monthly deposit/withdrawal limits are listed under "Legal" but nowhere in the 2 docs on the account website page.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16571 |
| Year Established | 1947 |
| Employees | 11456 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 7.75% |
| Annual Interest Income | $2.33B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $129.6B$113.2B |
| Loans | Q2 2019vs Q2 2018 | $85.67B$74.41B |
| Deposits | Q2 2019vs Q2 2018 | $101B$83.57B |
| Equity Capital | Q2 2019vs Q2 2018 | $16.56B$15.62B |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $775.7MM$668.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $938.1MM$846.1MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $18.7MM$22.9MM |
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.
BMO Harris Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%*† | $50k* | - | Health Savings Account | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.25% → $5k - $10k | 0.50% → $10k - $25k | 1.00% → $25k - $50k | |||||
| 0.05%† | - | - | Statement Savings | ||
BMO Harris Bank Money Market Rates
BMO Harris Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%*† | $50k* | - | BMO Harris Premier Account | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | |||||
