BMO
BMO Smart Advantage Checking $400 Bonus
Bonus amount
$400
Expires
May 4, 2026
Time to complete
~90 days
Bonus deposited in
~100 days
Difficulty
Medium
Requirements
Last verified: Mar 21, 2026
Open an account
Open your new account using the offer link before the offer expires.
Set up direct deposit
Receive qualifying direct deposits totaling $4,000 within 90 days of account opening.
Per BMO’s terms, the cash bonus is paid around 100 days after account opening (roughly 10 business days after the 90‑day deposit period).
Account Details
- Paperless statements enabled
Must remain open for at least 90 days.
Eligibility
Cannot have an existing BMO checking account.
Rechurnable?
Fine Print
Normal 1099-INT reporting applies.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
What is an early termination fee?
A penalty charged if you close a bank account too soon after opening it.