Expired Hot Deals

[BMO] Winter 2019 Chequing Account Opening Offer up to $300 cash

  • Last Updated:
  • Jul 26th, 2020 1:50 pm
Jr. Member
Dec 30, 2017
194 posts
94 upvotes
Toronto
Whats the best current offer for Chequing account?

Tangerine or RBC?

also does RBC have a no previous account policy for this offer?
Newbie
Jan 21, 2019
9 posts
4 upvotes
but RBC has no waive account meaning you're going to lose money by paying monthly fees.
I will go to BMO and open and account and get $300. Time flies, i will let my money make some money.
Last edited by ilikefreemoney on Jan 24th, 2019 1:30 pm, edited 1 time in total.
Nothing is better than free stuff! Lazy people don't get free stuff!!
Newbie
Jan 21, 2019
9 posts
4 upvotes
Tangerine's free $200 is easily the best and easiest promo. 200% rate of return?
RBC is bad because you have to pay monthly fees. There's no sense getting $300 and then paying your account fee.
Last edited by Redmask on Feb 11th, 2019 7:52 am, edited 1 time in total.
Reason: No referrals
Nothing is better than free stuff! Lazy people don't get free stuff!!
Newbie
Jan 21, 2019
9 posts
4 upvotes
Ridinginoffice7 wrote: is RBC having promo? -- can there monthly fee be waived with keeping a deposit?
Yes, RBC have $300 promo right now but they don't have a waive account which means you have to pay monthly fees.
BMO also have $300 promo with a waive account. You need $6k in your chequing account so that you don't pay monthly fees.
Nothing is better than free stuff! Lazy people don't get free stuff!!
Newbie
Jan 21, 2019
9 posts
4 upvotes
majala wrote: Why are you guys complaining from BMO, is it that bad or you just had a bad experience with them? Newbie here :)
The BMO $300 is way better than RBC's. I've done all the free money promo's from BMO, CIBC, RBC, TD, HSBC, National Bank and Tangerine. Open account, park some money so you don't pay monthly fees, set up direct deposit, wait a few months, get the bonus, close the account after one year and move to the next promo. It's easy as 1, 2, 3...and it's free money. Time flies and if you don't move, you won't get anything!
Nothing is better than free stuff! Lazy people don't get free stuff!!
Newbie
Jan 21, 2019
9 posts
4 upvotes
Darkman wrote: When was the last similar promo from BMO? ..... Re:

Customers who closed their Existing Account between
January 1, 2018 – April 30, 2019
, and subsequently
open a new Chequing Account are not eligible for the
Chequing Account Offer.



I know I participated in 300 dol. BMO promo ... but can't remember now when ... Pretty sure though it was before Jan. 1, 2018.
I've done the BMO $300 promo almost 3 years ago. It's good i kept a bank log for each account.
Opened my BMO on July 2016 and closed the account on February 2017 which means I should be eligible on this current Winter 2019 promo.
Nothing is better than free stuff! Lazy people don't get free stuff!!
Newbie
Jan 21, 2019
9 posts
4 upvotes
Ychanceit wrote: if it was only 1 year i'd probably do it but 1 year and a half =

:(
Time flies... 18 months is quick. Open now and next thing you know extra $300 is in your account. Thats 6% return. Way better than parking in TFSA i think.
Nothing is better than free stuff! Lazy people don't get free stuff!!
Member
Nov 10, 2007
295 posts
72 upvotes
Yeah I'll probably do this again. I think last time was the same thing, keep the account open for a year or whatever. One way to mitigate for that is to set things up in April closer to the cutoff.

I think I used Pre-Auth transfers from Tangerine last time, but I really don't remember. Any of you guys recall if that worked last time? I know that was cool for CIBC and TD both times I did those, but I'm hazy about BMO.
Sr. Member
Dec 25, 2013
998 posts
627 upvotes
Toronto
ilikefreemoney wrote: Time flies... 18 months is quick. Open now and next thing you know extra $300 is in your account. Thats 6% return. Way better than parking in TFSA i think.
Assuming you set up the account on april 30th and they don't charge you for april 30th that still means there is may, june and july plus another full year to hold the account (July 19th 2020) which means I see this being doable in 15 months at best.

You have to lock up $6000 for 15 months or 1.25 years. So $6000 at 4% = $240 x 1.25 = $300.00 which means you are actually making 4% on your money which is better than a typical Tfsa GIC but they don't require a direct deposit and the difference is less than 1% bonus (I see a few banks and investment companies paying over 3% on TFSA GICS)
Deal Fanatic
Jan 30, 2012
7857 posts
2138 upvotes
multi city dweller
... i received an email reminding me that i am qualify for this promo ...

so i think i might go for it ... i am just curious ... i will park $6k to get the $30 waived ... does this $6k earn 3.25% for the first 90 days?
Penalty Box
Oct 18, 2018
1851 posts
871 upvotes
If anyone have spare $6000 with them.... then yes go for this deal $300 is good money .. 12 months will easily pass by
Newbie
Jun 13, 2017
42 posts
12 upvotes
toronto
Does it also rebate World Elite Mastercard fee? So open a World Elite Mastercard then get some benefit from it as well.
I think it's a good deal !
Deal Addict
May 15, 2013
1728 posts
448 upvotes
Montreal
User190915 wrote: Does it also rebate World Elite Mastercard fee? So open a World Elite Mastercard then get some benefit from it as well.
I think it's a good deal !
There is a rebate for first year, so it's free.
Jr. Member
Jul 24, 2017
194 posts
55 upvotes
xx1what wrote: If you keep 6000+ in your checking, compared to an easily attainable rate of 3% (which is an attainable rate for GIC today), you would have got $270+.
Can you please explain me how you get to 270$?

To me 3% annual on 6000$ is 180$...
Sr. Member
Aug 5, 2018
533 posts
749 upvotes
max9505672 wrote: Can you please explain me how you get to 270$?

To me 3% annual on 6000$ is 180$...
i meant 1.5 years

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