Last update: Jun 16, 2022

How to Buy Crypto with BMO Harris Bank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While BMO Harris Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto trading platform.

There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.

They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!

Buy Crypto with eToro
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Bmo harris bank

As mentioned above, just like most banks, BMO Harris Bank doesn’t offer cryptocurrency trading directly, as setting up a crypto trading platform is quite complex and comes with regulations and extra requirements for the banks.

There are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.

Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.

How to buy crypto or bitcoin with BMO Harris Bank

There are only 4 steps involved, let’s get started!

1. Choose a cryptocurrency exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

Let’s get started!

Etoro crypto

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).

Etoro sign up

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy crypto

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with BMO Harris Bank.

About BMO Harris Bank

BMO Harris Bank has more than 500 branches. It is part of the Allpoint network and offers free access to approximately 44,000 ATMs. BMO Harris branches can be found in Illinois, Wisconsin and Indiana as well as Kansas, Missouri, Minnesota. Arizona, Arizona, Florida, and Minnesota. BMO Harris Bank is ranked No.1 in the country with assets of $138.8 trillion. 19. Checking accounts, savings accounts and certificates of deposit are available. The bank also offers credit cards, credit cards and home equity loans. Auto loans, personal loans and business banking are all options. Customers of BMO Harris Bank can use the Zelle app to make person-to-person payment and fund their accounts via remote check deposit.

BMO Harris Bank: More information about BMO Harris Bank. BMO Harris Bank is located in Chicago. It was established in 1882 under the name Harris Bank. The Bank of Montreal is BMO Harris Bank's parent.

These checking accounts are offered by the bank: BMO Harris Smart Advantage Account (BMO Harris Smart Money Account), BMO Harris Premier Account (BMO Harris Premier Account) Each overdraft costs $36, and can be used up to four times per day. Transfers from other accounts to overdraft protection are subject to a $10 daily fee. For ATM and debit card transactions to be covered by overdraft protection, you must sign up.

To open a Statement Savings Account at BMO Harris Bank, you must deposit $25. If you maintain a minimum $100 balance, or if your age is less than 25, the $5 monthly service fee will be waived. After the account has been opened for 93 consecutive days, the fee is not charged. This account has low interest rates.

BMO Harris Bank offers certificates for deposit with terms ranging from 3 months to 5 years. A $1,000 deposit is sufficient to open a CD, but the rates will be very low. You need to deposit at minimum $5,000 to get more competitive rates. The bank also offers the Standard CD and the Add-On CD. These allow you to deposit more money into your CD over the term. Also, the Bump Rate CD allows for an increase in the CD rate once it is completed.

The Platinum Money Market Account at BMO Harris Bank offers competitive interest rates, depending on where you are located. However, you must have at least $5,000 in order to open an account. This account does not have a monthly service fee and you can also write checks from it.

Customers can withdraw money without a debit card using BMO Harris Mobile Cash. You can access the bank's mobile app from an iPhone or Android as long as your debit card is linked with a BMO Harris Bank Account. After completing the steps at a BMO Harris Bank ATM you will be given a temporary QR code which will allow you to withdraw cash without having to insert your debit card.


author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.