BMO vs U.S. Bank
BMO is a midwest bank with options for low and high-balance customers. How does it compare to U.S. Bank? Read our comparison chart below.
BMO has over 900 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.
While U.S. Bank has over 2,900 branches across 27 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.
Compare BMO with U.S. Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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BMO | U.S. Bank | |
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BMO Smart Advantage Checking account - Earn $400 Cash Bonus* - | U.S. Bank Business Essentials - $500 Bonus | |
Benefits and Features | ||
Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | Bank Smartly® Savings: Minimum deposit $25. Monthly maintenance fee $5, unless you have a Bank Smartly® Checking or Safe Debit account, or for accounts with a minor under the age of 18. |
CD | 0.05% - 3.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. | Standard Term CD: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $250,000. |
Checking | Smart Advantage, Smart Money, Relationship | |
Money Market | Up to 2.68% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. | 0.01% - 0.25% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee is $10 unless you open a U.S. Bank Smartly Checking account and enroll in the Smart Rewards® Primary tier or above, or maintain a $10,000 minimum daily balance. |
Mobile App | ||
ATMs | 4,700+ U.S. Bank ATMs across the country | |
Customer Service | Mon-Fri: 7am - 11pm (CT); Sat-Sun 8am - 10pm | 24/7 Live Customer Service (Telephone) |
IRA CD | 0.05% - 1.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | |
IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees. |
Locations | ||
CreditDonkey® Reviews | ||
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Pros & Cons | Pros:
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Bottom Line | Midwest bank with options for low and high-balance customers... | Big national bank with wide array of services and many account options... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. BMO: Pricing information from published website as of 06/25/2025 based on 60603 zip code. U.S. Bank: Pricing information from published website as of 06/06/2025 based on 91107 zip code. |
BMO Smart Advantage Checking account - Earn $400 Cash Bonus*
$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC
BMO Smart Money Checking account - Earn $400 Cash Bonus*
$400 cash bonus* when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC
Platinum Business Money Market Account - Up to 3.50% Bonus Interest Rate
Receive a bonus interest rate up to 3.50% from the account opening date when you open a new Platinum Business Money Market Account and complete qualifying activities, subject to certain terms and limitations. Member FDIC.
Standard variable interest rates are determined at the bank's discretion and are subject to change at any time without notice. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information. The minimum deposit required to open a Platinum Business Money Market account is $100. $15 maintenance fee per statement cycle waived with $10,000 minimum daily balance.
The special interest rate is limited to Business Platinum Money Market account only. Open a new U.S. Bank Platinum Business Money Market account and receive the special interest rate from the account opening date. Special interest rates may change at any time without notice.
The special interest rate will be 3.50% when your account balance tier is between $50,000 to $2,999,999.99.
The special interest rate does not apply for Platinum Business Money Market accounts with balances outside of the balance tier stated above. The full account balance will earn the standard variable interest rate in effect at that time until the account balance falls within the special rate balance tier.
Interest and Fee Information: You must maintain the minimum balance needed for each tier to earn the special interest rate. Interest will be compounded daily and credited to your account monthly at the end of the statement cycle. Fees could reduce earnings on the account. Other restrictions may apply.
Which is Better: BMO or U.S. Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO or Chase.
In short: BMO's checking is notable. U.S. Bank's customer service is notable.