BMO Smart Advantage - Reviewed & Compared

Summary

The BMO Smart Advantage Checking Account is a great choice for those who want straightforward banking without the burden of monthly fees.

Overview

BMO Bank is a reputable financial institution that has been serving customers in North America for over a century. With a strong presence in the Midwest, BMO provides a wide range of financial services, including checking and savings accounts, loans, and investment products.

What They Do Best

BMO excels in providing a straightforward, no-fuss checking account option that caters to everyday banking needs. The Smart Advantage Checking Account’s lack of a monthly maintenance fee with qualifying activities makes it an attractive choice for budget-conscious customers.

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Any Negatives

Customers may incur fees for using ATMs outside of the BMO's network, which could be inconvenient for those who frequently travel or live outside of the Midwest. Additionally, while overdraft protection is available, failing to enroll in these programs could lead to costly overdraft fees.

MORE: What’s The Best Checking Account?

Our Final Verdict: 0/10

The BMO Smart Advantage Checking Account is well-suited for individuals who want a simple, cost-effective checking account with no monthly fees and convenient digital tools, making it a practical choice for those who prioritize ease of use and affordability in their banking experience.

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