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BMO
BMO Smart Advantage Checking $400 Bonus
BMO pays you $400 when you open a Smart Advantage Checking account and receive $4,000 in qualifying direct deposits within 90 days. No monthly fee with paperless statements. Soft credit pull. Nationwide. Keep the account open at least 90 days to avoid a $50 early closing fee.
- Bonus amount
- $400
- Expires
- May 4, 2026
- Time to complete
- ~90 days
- Bonus deposited in
- ~100 days
- Difficulty
- Medium
Requirements
Last verified: May 5, 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).
Direct Deposit Data Points 50
Community-reported results for what triggers a qualifying direct deposit at BMO.
Account Details
- Paperless statements enabled
Must remain open for at least 90 days.
Eligibility
Cannot have an existing BMO checking account.
Can You Earn This Bonus Again?
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.
Does Zelle Count as Direct Deposit for Bank Bonuses?
No. Zelle payments don't count as direct deposit for bank bonuses. Here's why it fails and what to use instead so the bank pays you.
What is a hold period?
The minimum time you must keep your balance in an account before the bonus is paid out.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. Learn more