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Maximizing Your Banking Experience: BMO Harris Promotions and Tips

BMO Harris Bank has a long history of serving customers across the United States. As a subsidiary of Bank of Montreal, one of Canada’s oldest and most respected financial institutions, BMO Harris has built a reputation for providing excellent banking services and innovative products.

One of the ways the bank connects with customers is through bank promotions. In this article, we’ll take a closer look at BMO Harris Bank and the various promotions it offers to help customers get more out of their banking experience.

BMO Harris Bank and its history

BMO Harris Bank is a Midwest-based bank with branches across eight states: Illinois, Wisconsin, Indiana, Minnesota, Kansas, Missouri, Arizona, and Florida. The bank has a rich history dating back to 1882 when Harris Bank was founded in Chicago.

The bank’s focus on customer service has been instrumental in its growth. In 1984, Bank of Montreal acquired Harris Bank, and in 2011, the bank was renamed BMO Harris Bank.

Since its founding, BMO Harris Bank has provided financial services to its customers centered around business and personal banking, wealth management and investment services, and commercial banking. The bank has also built a reputation for providing exceptional customer service, a commitment to community involvement, and innovation in its product offerings.

Importance of Bank Promotions

Bank promotions are a great way to attract new customers and encourage existing ones to continue using the bank’s products and services. Promotions can range from offering cash bonuses for opening a new account, waiving fees, and providing access to special deals and discounts.

These types of promotions provide added value for customers, and in competitive banking markets, they can be used to differentiate one bank from another. Bank promotions can also be an excellent opportunity for banks to showcase new products or services.

For example, a bank could launch a new credit card with a limited-time promotion offering cashback for purchases made within the first 90 days of account opening. This type of promotion provides added value to customers while also promoting the bank’s new product offering.

BMO Harris Promotions at a Glance

BMO Harris Bank offers a range of promotions to its customers. The bank’s promotions are available to both new and existing customers and include opportunities for consumers to earn cash bonuses, access special rates, and receive fee waivers.

Here’s a closer look at some of the promotions that customers can take advantage of at BMO Harris Bank. New Checking Account Promotion: BMO Harris Bank offers a new checking account promotion that allows new customers to earn up to $400 when they open a new checking account and meet specific requirements.

To qualify, customers must open a new account and meet the minimum deposit requirements, set up and receive at least two direct deposits, and make ten debit card purchases within 90 days of opening the account. Home Equity Line of Credit Promotion: BMO Harris Bank is currently offering a promotion for its Home Equity Line of Credit (HELOC) products.

Customers can receive a 0.25% discount on the interest rate for the first six months of the loan. Additionally, BMO Harris Bank does not charge application or appraisal fees for this promotion, making it an excellent option for customers looking to access the equity in their home.

Credit Card Promotion: BMO Harris Bank offers a range of credit cards, and the bank frequently offers promotions to encourage customers to apply for and use their credit cards. For example, BMO Harris Bank’s Platinum Rewards Mastercard provides customers with 2% cash back on qualified purchases, and the bank occasionally offers a promotion that allows customers to earn a $150 statement credit after they spend $1,200 within the first three months of account opening.

Final Thoughts

BMO Harris Bank’s promotions are an excellent opportunity for customers to get more out of their banking experience. Whether opening a new checking account, taking advantage of a Home Equity Line of Credit, or using a credit card, BMO Harris Bank’s promotions provide added value to customers.

Promotions allow banks to differentiate themselves in competitive markets while also providing a way to showcase new products and services. As a customer of BMO Harris Bank, it’s worth keeping an eye out for new promotions and offers to help you get more out of your banking experience.

BMO Harris Bank is known for providing exceptional banking services and innovative financial products, and the bank’s promotions are a key way to enhance customer experience. While BMO Harris Bank’s promotions are subject to change depending on the time of year, there are always promotions available to both new and existing customers.

In this article, we’ll take a closer look at the current promotions available through BMO Harris Bank, with a particular focus on the bank’s credit card promotions.

Requirements for BMO Harris Bank Promotions

Before diving into the current promotions that BMO Harris Bank has to offer, it’s essential to understand the requirements for each promotion. First and foremost, customers must be at least 18 years of age and a legal resident of the United States to be eligible for any promotions offered by the bank.

Additionally, certain promotions may have minimum deposit requirements, minimum spend requirements, a specific number of purchases that must be made within a specified timeframe, and other terms and conditions.

BMO Harris Bank Promotions in August 2020

It’s worth noting that BMO Harris Bank currently doesn’t have a checking account bonus promotion available as of August 2020, according to the bank’s website. However, the bank does offer credit card promotions for both new and existing customers.

Credit Card Promotions

BMO Harris Bank offers three types of credit cards: Cash Back Mastercard, Premium Rewards Mastercard, and Platinum Rewards Mastercard. Each credit card offers various promotions, providing substantial value to customers who use the card regularly.

Cash Back Mastercard: The BMO Harris Bank Cash Back Mastercard provides customers with an excellent way to earn cashback rewards on everyday purchases. For a limited time, customers can earn a $150 statement credit after spending $1,200 within the first three months of account opening.

The credit card has no annual fee and provides 2% cashback on qualified purchases. Premium Rewards Mastercard: BMO Harris Bank’s Premium Rewards Mastercard is an excellent option for frequent travelers.

The card offers a 25,000-point promotional offer that can be redeemed for $250 in travel rewards after spending $2,500 within the first three months of account opening. Additionally, the card provides 3x points for travel purchases, 2x points for dining and entertainment purchases, and 1x points for all other purchases.

The Premium Rewards Mastercard has an annual fee of $79. Platinum Rewards Mastercard: The BMO Harris Bank Platinum Rewards Mastercard provides customers with an easy way to earn rewards points that can be redeemed for travel and merchandise.

For a limited time, customers can earn 10,000 bonus points after spending $1,000 within the first three months of account opening. The credit card has no annual fee and provides 2x points for gas, grocery, and drugstore purchases and 1x points for all other purchases.

Bottom Line

Overall, BMO Harris Bank’s promotions provide substantial value to customers. The current credit card promotions that the bank offers can help customers earn cash back, travel rewards, and merchandise rewards.

However, it’s essential to make sure that you meet all requirements for each promotion to ensure you receive the full benefit of the offer. As always, be sure to read the terms and conditions carefully and speak with a representative if you have any questions about the promotion.

BMO Harris Bank has provided its clients with a rich history of exceptional banking services and innovative financial products. In addition, the bank offers a range of promotions aimed at enhancing customer experience.

While BMO Harris Bank’s promotions are subject to change over time, some of the previous promotions the bank has offered include Mortgage Promotions. Additionally, this piece will discuss the steps required to open a BMO Harris Bank account and the types of accounts offered by the bank.

Past BMO Harris Promotions

BMO Harris Bank’s past promotions include Mortgage Promotions, such as the one offered in 2019. For a limited time, the bank offered up to $1,000 off closing costs for those who qualify for a mortgage and receive pre-approval.

The mortgage promotion was aimed at new clients, and it wasn’t the first time that BMO Harris Bank offered such a promotion. The bank has provided mortgage promotions in the past to provide clients with a low-cost option when financing their new home purchase.

How to Open a BMO Harris Account

Opening a personal bank account with BMO Harris Bank is a straightforward process that can be done in a few steps. Here’s how to open a BMO Harris personal bank account:

Step 1: Determine the type of account you want to open – BMO Harris Bank offers a variety of account options, including checking accounts, savings accounts, money market accounts, and Certificates of Deposit (CDs).

Determine which type of account best suits your needs and preferences. Step 2: Review the account requirements – Visit BMO Harris Bank’s website or speak to a representative to review the requirements for opening the account you’re interested in, as these can vary depending on the account type.

Step 3: Gather required documents – Once you’ve reviewed the account requirements, gather all necessary documents, which may include a government-issued ID, proof of address, and other verification documents that BMO Harris Bank may request. Step 4: Visit a BMO Harris Bank branch or apply online – Visit a local branch of BMO Harris Bank or apply for a personal bank account online.

Provide the necessary information and documents required for account opening.

Business Account Options

In addition to personal bank accounts, BMO Harris Bank also offers a range of business account options. These business account options include business checking accounts, business savings accounts, and business credit card accounts.

Here is a closer look at the business account options offered by BMO Harris Bank:

Business Checking Accounts: BMO Harris Bank offers a range of business checking accounts designed to meet the needs of small business owners and entrepreneurs. Depending on the type of account, business owners can benefit from a variety of features, such as cash-back rewards, waived monthly maintenance fees, and access to online banking.

Business Savings Accounts: Business owners can also open a BMO Harris business savings account to save and invest their money, providing a consistent source of interest income. Business Credit Card Accounts: BMO Harris Bank offers its business clients a range of credit card options, each with their own set of features and benefits.

Business owners can choose from various rewards programs and may be eligible for travel rewards, cash-back rewards, and other benefits.

Bottom Line

To conclude, opening a BMO Harris personal bank account is an easy and simple process that can be completed in a few steps. By learning the account requirements and having the necessary documentation in hand, you can open a personal bank account with ease.

Additionally, BMO Harris Bank offers a range of business account options designed to meet the needs of business owners and entrepreneurs. From business checking accounts to business credit card accounts, BMO Harris Bank provides businesses with a suite of financial solutions to suit their needs.

BMO Harris Bank promotions are a great opportunity for customers to get more value out of their banking experience. However, it is essential to have a good credit score to take advantage of these promotions.

In this section, we’ll look at why your credit score is important when it comes to promotions and what you can do to improve your score. We’ll also remind customers to check for updates and new promotions regularly.

Additionally, we’ll compare BMO Harris Bank to other banks and provide a disclaimer about the content of this article.

BMO Harris Bank Promotions Could Be Right for You

Your credit score plays a critical role when it comes to qualifying for certain promotions offered by BMO Harris Bank. When applying for a credit card, for example, banks typically look at your credit score to determine if you qualify for a promotional offer or not.

If your credit score is low, you may not qualify for a promotion or may need to pay higher interest rates and fees.

Suggestions for Improving Your Credit Score

To increase your chances of qualifying for BMO Harris Bank’s promotions, it’s important to maintain a good credit score. Here are some ways you can improve your credit score:

1.

Check your credit report regularly – This will help you identify any errors or inaccuracies that could be lowering your credit score. You can get a free copy of your credit report once a year from each of the three major credit bureaus.

2. Pay your bills on time – Late payments can have a significant negative impact on your credit score.

Set up automatic payments or reminders to help ensure that you make your payments on time. 3.

Keep your credit utilization low – Your credit utilization is the amount of credit you use compared to your available credit. Keeping your utilization below 30% can help improve your credit score.

Reminder to Check for Updates and New Promotions

BMO Harris Bank’s promotions are subject to change over time, so it’s important to check for updates regularly. You can visit the bank’s website or speak to a representative to learn about the latest promotions.

Comparison to Other Banks

When comparing BMO Harris Bank to other banks, customers should consider a range of factors, such as branch locations, account fees, and interest rates. For example, while BMO Harris Bank operates in eight states across the Midwest, other banks may have a bigger branch network or operate in different regions of the United States.

It’s important to research different banks to find the option that best suits your needs.

Disclaimer

The content of this article is intended for informational purposes only and should not be considered financial advice. Readers should consult with a financial advisor or accountant before making any financial decisions.

Additionally, it is important to note that promotions offered by BMO Harris Bank are subject to change, and readers are encouraged to check for updates regularly. In conclusion, BMO Harris Bank offers various promotions aimed at enhancing customer experience.

Promotions can range from cash bonuses for opening a new account to access to special deals and discounts. To qualify for these promotions, it is important to maintain a good credit score.

Improving one’s credit score can be done by checking credit reports regularly, paying bills on time, and keeping your credit utilization low. Additionally, customers are encouraged to check for updates and new promotions regularly.

When comparing BMO Harris Bank to other banks, customers should consider factors such as branch locations, account fees, and interest rates. Overall, bank promotions can be an excellent opportunity to attract new customers and encourage existing ones to continue using the bank’s products and services.

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