American Express Business Checking vs BMO Digital Business Checking: which one fits your business?
Side-by-side comparison of American Express Business Checking and BMO Digital Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: American Express Business Checking wins on our scorecard (7.7/10 vs 7.3/10).
| Scored on | American Express Business Checking | BMO Digital Business Checking |
|---|---|---|
| Right fit for small biz | 7 | 8 |
| Ease of use | 8 | 6 |
| Fees & pricing | 9 | 9 |
| Customer support | 7 | 6 |
| Features | 7 | 7 |
| Monthly Maintenance Fee | $0 | $0 |
| Domestic ACH | $0 | — |
| Incoming Wires | $0 | — |
| Minimum Opening Deposit | $0 | $100 |
| Free Transactions (Monthly) | — | 200 |
| Domestic Outgoing Wire | — | Approx. $30 |
| Cash Deposit Limit (Free) | — | Up to $3,000 (varies by region) |
American Express Business Checking in one paragraph
A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Skip it if: You need to deposit physical cash regularly or require Zelle to pay your contractors.
BMO Digital Business Checking in one paragraph
A reliable, $0-per-month 'real bank' account that is perfect for low-volume service businesses located near a physical branch.
Skip it if: Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.
Frequently asked questions
Which is better, American Express Business Checking or BMO Digital Business Checking?
On our five-axis scorecard, American Express Business Checking scores higher (7.7/10 vs 7.3/10). A powerhouse for existing Amex loyalists who want to earn passive interest on their cash without the headache of monthly maintenance fees.
Who should skip American Express Business Checking?
You need to deposit physical cash regularly or require Zelle to pay your contractors.
Who should skip BMO Digital Business Checking?
Skip it if you operate a high-volume retail business with over $3,000 in monthly cash deposits or live in a state with no BMO branches.