Intro – BMO Harris Bank Reviews & Ranking
BMO Harris Bank was recently ranked and reviewed by AdvisoryHQ as a top rated bank. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our BMO Harris Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Below we have provided a detailed review of BMO Harris Bank, including the specific factors we used in our decision-making process.
BMO Harris Bank Review
Established in 1882 as Harris Bank, BMO Harris Bank is now one of the largest banks in the Midwest, with a goal to fuel growth and possibilities for their customers through BMO personal banking and BMO business banking.
What is BMO Harris Bank when it comes to their size? They are the 8th largest bank in North America by assets and serve over 12 million customers.
BMO Harris Bank Reviews
In our review of BMO locations, we found that the bank maintains more than 500 branches throughout Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
The core of everything offered by this leader among the best banking firms is driven by the desire to create an excellent customer experience. When searching information about BMO Harris bank, you’ll find that even though they are fairly large, they have a hometown mentality and work to cultivate strong, long-lasting relationships.
In our BMO Harris Bank review, we’ll look at several factors that make this a top bank to work with. We’ll go through the BMO Harris credit card rewards, BMO Harris mortgage programs, and BMO Harris private banking reviews, as well as business and personal banking highlights.
See Also: Bank of America Review & Ranking | What You Should Know About Bank of America
Key Factors Leading Us to Rank This Firm as One of the Top Banking Firms for 2020-2021
Upon completing our BMO Harris Bank reviews, BMO Harris Bank was included in AdvisoryHQ’s ranking for 2020-2021 as best banking firms based on the following factors.
BMO Harris Bank Review: Digital Wallet
If you like the ease of paying through your mobile device when you’re out and about, BMO Harris offers handy digital wallet options to make your life easier.
In addition to BMO Harris credit card rewards, your BMO Harris Bank Mastercard® or consumer or business debit card can be used with multiple mobile payment options, including:
- Apple Pay®
- Google Pay™
- Samsung Pay™
BMO Harris reviews for their digital wallet benefits reveal multiple advantages to connecting your bank debit or credit card with a mobile payment option. These include fast and convenient payments, ability to use it nearly anywhere with just a tap or swipe, and purchase coverage by Mastercard’s Zero Liability.
BMO Harris Bank Review: Statement Savings
One of the reasons BMO Harris was selected as one of the top banking institutions is because of their broad range of financial products for all needs. For those customers just starting to save, there is the Statement Savings account.
If you want to know more about BMO Harris Bank Statement Savings, here are some of the highlights. It’s is flexible, offers easy access to money, and also accrues interest.
A low minimum amount is required to open this account, and it can be linked with Auto Save to make it easier to start effortlessly saving more money. Interest rates are variable, so participants earn more over time to reach their savings and financial goals, and you can access your cash whenever you need it.
The Statement Savings account can also be linked to a personal checking account, which helps customers avoid overdraft fees if they utilize the Overdraft Funding service from BMO Harris.
BMO Harris Bank Review: BMO Harris Total Look
Total Look is a tool available exclusively through banking with BMO Harris that simplifies how customers manage their money. Whether you use BMO personal banking or BMO business banking, this financial dashboard streamlines all of a customer’s accounts in one online location, even if they’re not BMO Harris accounts.
It’s all managed in one secure place, with one password.
Users of the Total Look tool can view and manage accounts online, add BMO Harris Credit Cards for monitoring, create a personalized budget, and receive email alerts, so they stay ahead of their finances.
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BMO Harris Bank Reviews: BMO Harris Credit Card Rewards
Many of the credit cards from BMO Harris offer rewards. For example, the Platinum Rewards MasterCard® offers two points per $1 spent on gas and grocery, and up to $2,500 in combined spending each calendar quarter. There is also one point given per $1 spent on all other purchases.
BMO Harris credit card rewards with this card, include 25,000 bonus points after users spend $2,000 in the first three months after opening their account.
Our BMO Harris reviews of offers show that Premium Rewards MasterCard® includes three points per $1 spent on dining, hotel and airfare, and one point per $1 spent on all other purchases. Cardholders get 35,000 bonus points when they spend $5,000 in the first three months after opening their account.
What is BMO Harris Bank going to let you spend your rewards points on?
- Travel awards (including airlines, hotels, cruises, etc.)
- Merchandise
- Gift Cards
- Statement Credit
BMO Harris Private Banking Reviews
For those individuals looking for a more robust banking experience, including those considered high-net-worth, BMO Harris offers private banking services.
In our BMO Harris private banking reviews of the benefits include getting personalized advice and management of your personal affairs and award-winning wealth management services.
Those that choose BMO personal banking and BMO business banking can choose to use their banking services, which are available to affluent individuals and families, business owners and entrepreneurs, and professionals and executives.
About BMO Harris Bank | BMO Harris Mortgage Options
You have several options when you’re choosing a BMO Harris mortgage. They also offer some closing discounts options when you use Auto Pay from a BMO Harris account.
BMO Harris mortgage choices include:
- Fixed Rate
- Adjustable Rate
- Low-Down Payment Mortgages
- Refinancing
- Jumbo Mortgages
- Cross-Border Mortgages
This bank makes it easy to chose the BMO Harris mortgage that fits your needs and budget while also taking advantage of reduced closing costs.
Related: Fifth Third Bank Review & Ranking | What You Should Know About Fifth Third Bank
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Rating Summary
BMO Harris reviews of each area of their services illustrate a bank that works to offer customers all the modern conveniences they expect along with excellent customer service.
Additionally, their offerings for private banking and wealth management give customers even more reasons to use BMO personal banking for all their financial needs.
What is BMO Harris Bank’s score? We’ve rated them with 5-stars for their award-winning service and ability to offer customers multiple personalized services and their flexible rewards programs.
In addition to reviewing the above BMO Harris Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking & credit union firms:
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