MyBankTracker rated BMO Harris Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
We have been harris bank customers for well over 15 years, we have checking accounts, 401k accounts, and savings accounts. 10 years ago we needed money for kids college funding, we took out ahome equity loan interset only paid for ten years. We had pretty good credit scores, our scores got better so we thought of using them for our cars, they wanted way higher interest rates than Ford Motor Credit, so we did not use them.
In 2009 I got let go from my job, the bad economy and our ability to pay some of our bills on time led our credit scores to get lower. We did not walk away from our house we struggled to make payments but we made them.
Now that our home equity is up and we need to refinance, our credit scores are lower Harris wants to make much larger payments than we can afford.
The fact of the matter they tell us that now that our house value is equal to amount left on the first mortgage the second loan through them is not secure, so they want their money.
I have half a mind to say fine, and walk away from the house and they would not get a red cent for all the aggrevation they have put me through, but I will only do that as a last resort.
I can never get a supervisor or anybody that has any authority on the phone, or even by going to one of the branches.
Well I am taking every red cent of money I have out Harris Bank, I know it doesn't mean much to them but it is the only weapon we have when you don't like the service or results.
I switched banks because they had a promotion of 150-200 if you had direct deposit with bmo for at least 3 months. It has been 5 months and am still fighting to get my promotional check into my account. I have talked to a violeta in the berwyn location like 5 times and they keep giving me the run around about this money. They keep saying that it will be into my account and is never true. Also large checks clearing takes forever and ever. I do not recommend anyone to this bank. I will go back to pnc for sure.
This bank is not for the little people. My husband used to be able to get cash from his payroll deposit as his paycheck was drawn on Harris bank. Now he must wait until the next day, even though the check is drawn on their bank.
We have enjoyed being able to use our debit card at many different local gas stations without cost. BMO has started charging for those withdrawals. In fact, the afore mentioned gas stations now are using another bank for their ATMs.
If a process happens and it could go either way, the bank always wins whether they are correct or not. If an account is low on funds, this bank will take the largest credit first so they can charge for any overage.