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Business Advantage Checking

 

Designed for businesses with moderate to high transaction volume that want to earn interest. If you have other BMO Harris accounts, our Business Advantage Checking account may be right for your small business.

 

Get started today and the monthly maintenance fee, coin and currency fees and transaction fees will be waived for the first three months.1

 

Minimum opening deposit: $100

 


Features and benefits

 

  • BMO Harris Bank Debit MasterCard® BusinessCard available
  • Rewards your BMO Harris relationship by offering multiple ways to avoid monthly maintenance fees
  • Special discounts available, see below
  • Overdraft Protection Line of Credit available, with bank and credit approval
  • Overdraft Funding also available. In order to have Overdraft Funding, you must enroll in this service
  • Access your accounts any time, from anywhere via Online and Mobile Banking2
  • Keep an eye on your accounts, even if they aren’t with BMO Harris, using BMO Harris Total Look®
  • Make payments quickly with BMO Harris Business Bill Pay®

How various fees may be waived

How various fees may be waived

$20 monthly maintenance fee waived when any of the following occurs during the statement period:

 

  • You have an Average Collected Balance of $5,000 or more in this account
  • You have requested we link this account to receive benefits under Relationship Waiver3 and you have met the $15,000 Combined Balance requirement for this account

 

Transaction fees per statement period:4

 

  • No "per transaction" fee for the first 500 transactions per statement period
  • $.40 for each additional transaction
ATM Fees:

 

  • No ATM fees for withdrawals, deposits, transfers and balance inquiries at BMO Harris ATMs
  • $2.50 BMO Harris fee for each Non-BMO Harris ATM Transaction in excess of two (2) per statement period5

 

Check Images:

 

  • $3 per statement period. You must request Check Images from your BMO Harris representative.
  • This fee will be waived if you select to only receive online statements through BMO Harris Online Banking® and not paper statements.
Interest information6

Interest information6

  • Variable rate of interest
  • Compounded daily and credited monthly
  • Call 1-888-340-2265 for current rates
Special discounts

Special discounts

  • Waiver of up to $100 on first order of checks for this account ordered through us.
  • Origination fee waived up to $150 on a BMO Harris small business term loan made with us. Your Business Advantage Checking account must be in good standing at the time of application. Limited to one BMO Harris small business term loan per Business Advantage Checking account. Not available on Small Business Administration (SBA) loans.

 

  • Discounts on merchant services may be available. Talk to your BMO Harris representative for details.
Account terms and other fees

Account terms and other fees

The following documents describe the terms and conditions that apply to your account:

 


How various fees may be waived

 

$20 monthly maintenance fee waived when any of the following occurs during the statement period:

 

  • You have an Average Collected Balance of $5,000 or more in this account
  • You have requested we link this account to receive benefits under Relationship Waiver2 and you have met the $15,000 Combined Balance requirement for this account

 

Transaction fees per statement period:3

 

  • No "per transaction" fee for the first 500 transactions per statement period
  • $.40 for each additional transaction

 

ATM Fees:

 

  • No ATM fees for withdrawals, deposits, transfers and balance inquiries at BMO Harris ATMs
  • $2.50 BMO Harris fee for each Non-BMO Harris ATM Transaction in excess of two (2) per statement period4

 

Check Images:

 

  • $3 per statement period. You must request Check Images from your BMO Harris representative.
  • This fee will be waived if you select to only receive online statements through BMO Harris Online Banking® and not paper statements.

Interest information6

 

  • Variable rate of interest
  • Compounded daily and credited monthly
  • Call 1-888-340-2265 for current rates

Special discounts

 

  • Waiver of up to $100 on first order of checks for this account ordered through us.
  • Origination fee waived up to $150 on a BMO Harris small business term loan made with us. Your Business Advantage Checking account must be in good standing at the time of application. Limited to one BMO Harris small business term loan per Business Advantage Checking account. Not available on Small Business Administration (SBA) loans.

 

  • Waiver of the BMO Harris Bank Business Rewards Credit Card Annual fee, when a qualifying $50,000 balance is maintained in this checking account. Certain limitations and restrictions apply. Talk to your BMO Harris representative for details.
  • Discounts on merchant services may be available. Talk to your BMO Harris representative for details.

Account terms and other fees

 

The following documents describe the terms and conditions that apply to your account:

 

Product Disclosure (262KB, PDF)

 

Deposit Account Agreement (405KB, PDF)


 

 

Minimum opening deposit: $100



All loans, lines of credit and credit cards are subject to bank and credit approval

 

Definitions of Capitalized Terms

 

1 These fees will be waived on a new Essential Business Checking or Business Advantage Checking account. The monthly maintenance fee for Business Advantage Checking is $20 and there may be other ways to waive this fee.

 

2 Message and data rates may apply. Contact your wireless carrier for details.

 

3 See your BMO Harris Banker for additional information, as well as to request Relationship Waiver and to link your accounts. BMO Harris does not automatically link your accounts for Relationship Waiver. Additional information on Relationship Waiver can be found in the Deposit Account Agreement for Personal and Business Accounts.

 

4 Transactions means non-ATM deposits, checks deposited, checks paid, and ACH credits and debits.

 

5 Non-BMO Harris ATM operators or networks may charge a fee for a transaction or balance inquiry.

 

6 Click here for information on how we calculate and pay interest.

 

MasterCard® is a registered trademark of MasterCard International Incorporated.