BMO BMO: Get a $300.00 Bonus When You Open a BMO Chequing Account Before March 1 Get a $300 Bonus with a New BMO Account!
get this dealthis offer is expired
Start the year by banking with BMO, where you can earn a $300.00 bonus when you open a new BMO chequing account!
This offer is only available to new or eligible customers who open a Performance Chequing Account or Premium Chequing Account before March 1.
After opening an account online, simply make a deposit of any amount and complete any two of the following before April 30 to qualify for a $300.00 bonus:
- Make one bill payment of at least $50.00 through BMO Online Banking or the BMO Mobile App for at least two consecutive months
- Set up one recurring direct deposit from your employer, the government or pension and make deposits into the account for at least two consecutive months
- Set up one pre-authorized debit of at least $50.00 and have at least two consecutive monthly payments
This offer is available until March 1 to new or eligible customers and bonuses will be deposited into your account by May 31 -- click here to read the complete terms and conditions of this offer.
Showing 38 Most Recent Comments
View allThink of it as a 1-year GIC. BMO's regular 1-year GIC currently pays 0.45%.
For previous promotion period from July 2 to Sep 30, they said bonus will be paid by Dec 31 and the $300 bonus is paid today Dec 29.
This is the thread from earlier in the year, perhaps it will be useful for you: hsbc-receive-up-500-when-you-start-bank ... s-2389673/
https://www.hsbc.ca/content/dam/hsbc/ca ... ria-en.pdf
https://www.hsbc.ca/chequing-accounts/offers/dc/
If I call and say I wanna close all my accounts, would they bite?
I signed up today and am surprised that I have not received any email acknowledging opening of my account
Since family members can be added to the family bundle and are provided with their OWN chequing account, does this mean each member is also given a $150 annual rebate on this card, or does this apply only to the Master Account holder?
1. It pays more for the same requirements:
BMO: you need to complete two of the following to get $300:
Set up recurring direct deposits, Make bill payments, Set up pre-authorized payments
HSBC: you don't have to do those but if you do, you get the following bonus payments:
$100 for payroll switch within 6 months
$50 for making 2 bill payments within 3 months
$50 for making 2 pre-authorized payments within 3 months
$50 for creating an HSBC non-registered investment account and set up a recurring investment plan
$50 for sending 2 International foreign exchange wires within 6 months
$51 for opening a safety deposit box within 6 months
Get first year annual fee rebate (value up to $149) on your HSBC credit card if opened within 3 months of account opening.
So at minimum, you will get an extra $100 on top of the $300 for completing the same requirements as BMO. Not to mention, you can get a referral and you and the referee both get an extra $100. HSBC = minimum $500-$550 if you get a referral.
2. The HSBC offer is more flexible:
You don't have to tie up $5,000 in a no interest chequing account. You can put it into a chequing, savings, or an investment like a GIC, mutual fund etc.
3. You can get referral bonuses
Once you have an account, you can refer others and get $100 for each referral to an Advance account
$1000 for Jade
$350 for Premier
$100 for Advance
$50 for Personal Banking
$250 for Small Business Banking
So again, it is really just about personal preference and your definition of "better"
BMO works for some and fees waived if you have $4000. But not everyone has $4000
With HSBC not everyone has $5000 to get the bonus $300 plus its also a long term commitment, up to 18 months you have to stay active, so it's worse than BMO
HSBC Advance Chequing Account
Open an Advance Chequing Account and deposit a min. of $5,000 CAD, within 30 calendar days of account opening, into any product of your choice, from chequing & savings to RRSPs and TFSAs, and hold for 3 consecutive months to qualify for $300 bonus. Also, register for online banking within 30 days of account opening as well.
We’ll waive the $25.00/ month HSBC Advance chequing account fee when:
You maintain $5,000 minimum balance in combined personal deposits & investments with us,
OR
You hold $150,000 minimum mortgage amount with us
Monthly Fee will be charged 6 months after account opening if fee waiver conditions are not
met. Some exclusions apply. For full details regarding eligibility and any fees which may apply
please refer to the Personal Service Charges/Statement of Disclosure.
The Advance Welcome Offer will be paid into your Advance Chequing Account within six (6)
months after meeting the Advance Welcome Offer criteria set out in section 2(a). For greater clarity,
if the Chequing Account is opened in May 2020, after accounting for 30 days to meet the Total
Relationship Balance criteria, the bonus will be credited into the account by end of November 2020
Clawback
i. The Advance Welcome Offer is subject to the condition that the Advance Chequing Account must
remain open and in good standing for at least one (1) year after the end of the month during which
the Advance Welcome Offer is received.
ii. If you fail to meet the condition above, you will be obligated to repay the full amount of the Advance
Welcome Offer to HSBC. We may withdraw the full amount of the Advance Welcome Offer from
your Advance Chequing Account or any account you have with HSBC or send you a demand to
repay the full value of the Advance Welcome Offer to us within one (1) month.
Customers who closed their Existing Account between October 1, 2019 – January 4, 2021, and subsequently open a new Chequing Account are not eligible for the Chequing Account Offer or Family Bundle Offer.
• If customers open a joint Chequing Account, no bonus will be paid if either customer has an Existing Account or closes an Existing Account during the Offer Period, and subsequently opens a new Chequing Account.
Am I eligible?
*86. No-fee daily banking under our Family Bundle is available to all family members who reside at the same household as the customer with a Lead Account on an eligible Performance or Premium Bank Plan. The “Lead Account” is the one you designate to pay a standard fee per month for eligible no-fee daily banking Bank Plans (Performance: $15.95/month, Premium: $30.00/month) unless a minimum balance is maintained, in which case the monthly Bank Plan fee is waived. Note that the balance in a family member’s account does not count toward the minimum balance for the monthly Bank Plan fee waiver. No-fee daily banking with our Family Bundle may be added at no additional fee and is capped at 20 accounts (held jointly or individually) in Canadian or U.S. dollars per eligible Bank Plan. Family Bundle option is not available on Practical Plan.
For full terms and conditions please visit www.bmo.com/familybundle, and read our Agreements, Bank Plans and Fees for Everyday Banking.
The cash bonuses will be paid by March 31, 2021. You have until May 31, 2021 to notify us if you have not received a cash bonus. Any notice received after this date will not be accepted and you will be deemed not to have qualified for the Chequing Account Offer or the Family Bundle Offer.
Your Chequing Account must be open, in an Eligible Plan, and be in good standing (for example, your Chequing Account must not be in an unauthorized overdraft or in delinquent status) at the time the cash bonuses are
paid. If you change between Eligible Plans before the
cash bonuses are paid, the cash bonus for the Chequing Account Offer will be determined by the Eligible Plan with the lower cash bonus Amount. If you change to a plan other than the Eligible Plans, you will no longer qualify for the Chequing Account Offer or the Family Bundle Offer.
The Chequing Account must remain open in an Eligible
Plan until January 30, 2022. Customers who close their
Chequing Account or change to a plan other than an Eligible Plan before January 30, 2022, will no longer qualify for any cash bonus. If you close the Chequing Account or change to a plan other than an Eligible Plan and the cash bonus has been paid, we reserve the right, in our sole discretion, to withdraw the full value of the cash bonus from the Chequing Account or send you an invoice for any amount outstanding.
Lit, I finally qualify.
Anyone know if an in-branch meeting is mandatory?