BMO Harris Bank Smart Money account review

When a banking product doesn't seem right for you, financial institutions give you other alternatives. Such is BMO Harris Bank's Smart Money checking account, a current management tool that you can open with $25 and through several channels: online, at a branch or by phone.


Other featured accounts:

Reviews, evaluations and opinions of our experts on the products and services that appear on this page are totally objective and independent. Some products may be from our partners who compensate us, which may influence where and how they are displayed. Advertising disclosure.

Commissions
Account management: $ 5 if you have digital notices. If you receive them on paper you can pay up to $10 per month.
Check deposit: Consult
Check writing: Consult
Transfers: $ 30 per domestic outbound transfer.
Advantage
Checkbook: With checkbook
Requirements
Minimum deposit: $ 25

Additional information of Smart Money account

BMO Harris Smart Money AccountThe BMO Harris Bank Smart Money Checking account includes a $5 monthly maintenance fee. If you are under 25, you can avoid this charge, otherwise you must pay it.

If you request paper statements, you add $2; you add $3 when you request check images; and $5 for both services. If you sign up for digital statements, the handling fee is $5.

With this checking account, they don't charge for overdraft or NFS and using the card for foreign transactions cost 2.8% of the amount + currency conversion (if applicable). There are other common fees:

  • Money order: $5
  • Cashier's check: $10
  • Cash withdrawal at other banks' ATMs: $3

Among the advantages associated with this checking account, we have to highlight the following :

  • Zelle
  • Free and unlimited transactions at 40,000 Allpoint ATMs
  • Unlimited transactions at physical stores or online with your debit card.
  • The possibility of getting cash at a BMO Harris ATM through your cell phone.
  • Digital banking to check balances, make transfers, pay bills and more
  • Use of the Total Look tool, which allows you to manage your account online from another bank
  • 0.5% interest rate rebate on a home equity loan when you enable Bill Pay

If you've had problems with overdrafts and lack of funds in the past, the BMO Harris Bank Smart Money account is a convenient solution. In the event that you need other features, Busconomico guides you to the best alternatives, analyzing accounts at top U.S. banks such as Citibank or PNC Bank.

Español: Cuenta Smart Money de BMO Harris Bank