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Bank of Montreal Review

The Bank of Montreal is one of Canada’s largest financial institutions. While the Bank of Montreal has international operations, around 70% of its business is in Canada, providing over 8 million Canadians with financial services and products.

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Written by: Piggyy

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3.2/5

Piggyy Rating

Bank of Montreal
  • Personal Loans

    4.5/5

  • Home Equity Loans

    4.4/5

  • RRSP Retro Activator

    4.4/5

  • Auto Loans

    4.9/5

  • Personal Lines of Credit

    4/5

      The Bank of Montreal has been known for being a great player in the entrepreneurial game for many decades. Don’t stand on the sidelines and miss this opportunity, apply now and grow your business.

      Company Information

       

      Main Office Address

      100 King Street West, First Canadian Place, Toronto, ON, M5X 1A3

       

      Business Hours

      • Monday to Friday: 9:00 a.m. to 5:00 p.m. Eastern Standard Time (EST)
      • Saturdays: 9:00 a.m. to 12:00 p.m. (varies by location; not all branches open Saturdays)

       

      Email

      General Inquiries:

       

      Online Fraud Reporting: [email protected]

      BMO Nesbitt Burns: [email protected]

       

      Do NOT give any personal information to any of the addresses above.

       

      To discuss confidential information concerning your accounts, sign in to your online banking at BMO. Then, select “Message Center” and choose “Contact Us” to submit your request or inquiry.

       

      Phone

      Direct banking:  1-800-363-9992

      General Inquiries:

      • English: 1-877-CALL-BMO (1-877-225-5266)
      • French: 1-877-225-5266
      • Outside Canada and the Continental United States: 416-286-9992
      • Cantonese and Mandarin: 1-800-665-8800

       

      For BMO Mastercard:

      Lost or stolen cards and emergency card services:

      • 1-800-361-3361 (Canada and U.S.)
      • 514-877-0330 (International collect call)

       

      For other services:

      • BMO Mutual Funds: 1-800-665-7700
      • BMO InvestorLIne: 1-888-776-6886
      • GIC Terms and Investments: 1-877-225-5266
      • BMO Insurance: 1-866-881-9054

       

      Types of Loans Offered at the Bank of Montreal

       

      Bank of Montreal offers a wide variety of lending products to meet the needs of borrowers. Types of loans include personal loans, home equity loans, RSP Retro Activator loans, car loans, lines of credit, and mortgages. What you choose depends on what you want to accomplish. For example, you can choose a loan with a fixed rate, so you know exactly what your payment will be until the loan is paid off, or a variable rate. A variable-rate will change with BMO’s prime rate but could be lower than a fixed-rate loan.

       

      Personal Loans

      Personal loans are an excellent option for many borrowers. You get the entire loan amount in one lump sum, and you can use it for almost any purpose like home renovations, a wedding, a vacation, or consolidating debts.

       

      Features:

      • A minimum amount of $5,000
      • Minimum loan term of 12 months
      • Competitive rates
      • Monthly, semi-monthly, bi-weekly, and weekly payment options

       

      Required documents:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      •  A letter of employment from your employer
      • If the loan is for consolidation purposes, bring the loan balances, credit card statements, etc. for the debts you want to pay off with the personal loan
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year

       

      Home Equity Loans

      With a Home Equity Loan, you can access up to 80% of the value of your home as a lump sum. These loans are also called second mortgages. They are generally used for large purchases such as extensive home renovations or repairs, debt consolidation, or sometimes for the down payment or purchase of another property.

       

      Features:

      • Access the difference between what you currently owe and 80% of the value of your home as a lump sum
      • A minimum amount of $10,000
      • Payments can be monthly, semi-monthly, bi-weekly, and weekly 
      • Amortization period from 1 to 25 years
      • Twice a year, you have the option to defer up to one month’s payment

       

      Required documents:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year
      • If refinancing or switching to BMO, you will need to provide a mortgage statement
      • Statement of property taxes for the most recent year

       

      Retro-Activator RRSP Loans

      The Retro-Activator RRSP loan from BMO is a loan that is funded in a lump sum, allowing borrowers to make their current year’s RRSP contribution or catch up on unused donations from prior years.

       

      Features:

      • Minimum limit of $7,500
      • You can invest the funds in your choice of investment products such as mutual funds, GICs, savings accounts, or stocks
      • Take up to 15 years to repay the loan
      • You can pay monthly, semi-monthly, bi-weekly, or weekly

       

       Documents needed to apply:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year

       

      Car Loans

      Bank of Montreal offers car loans through dealerships across the country. So whether you are buying a new or used vehicle, the Bank of Montreal can help with your financing needs.

       

      Features:

      • A minimum amount of $7500
      • Terms from 36 to 96 months
      • Competitive interest rates
      • Weekly, bi-weekly, semi-monthly, or monthly payment options
      • No penalties for paying off your car loan early

       

      Documents needed to apply for a car loan:

      To apply for a Bank of Montreal car loan, you will need to show proof of identity and employment by providing:

      • Two pieces of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year
      • Bill of sale

       

      Lines of Credit

      Lines of credit are an excellent choice for many borrowers because the funds don’t have to be advanced right away, and you can continuously borrow up to your limit once you pay it down or off. 

       

      Personal Line of Credit

      Personal lines of credit are unsecured and can be used for almost anything you need. 

       

      Features:

      • Minimum limit of $5,000
      • Pay interest only on what you owe
      • Minimum payments are the greater of 2% of your outstanding balance or $50
      • No fees or penalties to pay it off or make lump sum payments
      • Variable interest rate based on BMO prime rate

       

       Documents needed to apply:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      •  A letter of employment from your employer
      • If the loan is for consolidation purposes, bring the loan balances, credit card statements, etc. for the debts you want to pay off with the personal loan
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year

       

      Homeowner’s Line of Credit

      A Homeowner’s Line of Credit works the same way as a personal line of credit. The difference is the equity in your home secures it, and because of this, it can have higher limits and a lower interest rate. People often use these for significant expenses such as home renovations, debt consolidations, or weddings.

       

      Features:

      • Minimum limit of $5,000
      • The maximum limit is up to 65% of the value of your home
      • Minimum payments interest only on the outstanding balance
      • Interest rate based on BMO prime rate

       

      Student Lines of Credit

      Getting a post-secondary education can be expensive, and some students need to borrow to help get them through their studies. BMO offers three types of lines of credit for students: the Student Line of Credit, the Professional Line of Credit, and the Medical and Dental Line of Credit.

       

      Student Line of Credit features:

      • Borrow a maximum of $45,000 over four years-$15,000, maximum in the first year and a maximum of $10,000 per year in the next three years
      • The variable interest rate with no fees
      • Interest-only payments while in school and up to two years after graduation

       

      Requirements:

      • Must be enrolled as a full-time or part-time student in a diploma or certificate program at an eligible post-secondary school
      • The program must be 12 weeks long or longer with 20 hours or more of instruction per week
      • The student must be a Canadian citizen or permanent resident
      • The student borrower needs a co-signer

       

      Documents needed to apply for a Student Line of Credit:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Proof of enrollment from the school the student will be or is attending
      • A piece of government-issued photo I.D. such as a driver’s license or passport for the co-signer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year

       

      Professional Student Line of Credit

      The Professional Student Line of Credit is for students enrolled in an accredited professional program such as Pharmacy, Law, an MBA, Chiropractic, Accounting, Veterinary Medicine, and Optometry. The borrowing limits on this line of credit are higher to help accommodate the higher costs students incur while pursuing their studies.

       

      Features:

      • $80,000 for most programs; MBA’s can borrow up to $110,000
      • Variable interest rate based on BMO prime plus 1%
      • Variable interest rate with no fees
      • Interest-only payments while in school and up to two years after graduation

       

      Requirements:

      • Enrolled in a professional program that is accredited
      • Canadian citizen or permanent resident

       

      Medical or Dental Line of Credit

      This student line of credit is for those who are medical or dental students. The credit limits are higher, and the interest rate is lower than on other lines of credit for students. Once you apply and are approved, you can have access to the line of credit for the length of your program.

       

      Features:

      • Students can access up to $85,000 in the first year of their program
      • The maximum limit for medical students is $325,000
      • The maximum limit for dental students is $300,000
      • Students have access to the line of credit during their specialty/residency studies
      • Variable-rate based on BMO prime plus .25%
      • Variable interest rate with no fees
      • Interest-only payments while in school and up to two years after graduation

       

       Requirements:

      • Enrolled in either an accredited medical program leading to an M.D. degree or an accredited dental program
      • Canadian citizen or permanent resident

       

      Documents needed to apply for a Professional, Medical, or Dental Student Line of Credit:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Proof of enrollment from the school the student will be or is attending
      • A budget that shows you require funding

       

      RRSP Readiline

      Canadians can contribute up to their maximum RRSP limit every year and catch up on unused contribution limits from previous years. Often, people who would like to contribute are unable to because they lack funds. The BMO RRSP Readiline is a line of credit you can use year after year to make your RRSP contributions. Once you have it, you don’t need to apply again.

       

      Features:

      • Credit limit up to $26,500
      • Interest rate based on BMO prime 
      • It can be used to invest in any BMO RRSP investment products (GIC’s savings account, stock, mutual funds)

       

      Documents needed to apply:

      • A piece of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year

       

      Mortgages

       

      Homeowners Readiline

      The Homeowner Readiline is for borrowers with at least 20% equity in their property and who want to use their property to secure a mortgage and line of credit. The secured portion will be amortized, and the line of credit is open. You can pay it down at your own pace and re-access it as you need it. People often use this for renovations, to consolidate debt, or to have it in case of an emergency.

       

      Features:

      • Equity can be divided between a mortgage and a line of credit
      • The mortgage component is amortized and has fixed payments
      • Choose monthly, semi-monthly, bi-weekly, or weekly mortgage payments
      • The line of credit component has a flexible repayment schedule
      • As you pay down your mortgage, the amount available for the line of credit increases
      • Interest on the line of credit is based on BMO prime rate
      • Payment on the line of credit can be as low as interest-only

       

      Documents needed to apply:

      • Two pieces of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year
      • If refinancing or switching to BMO, you will need to provide BMO with a  
      • a mortgage statement
      • Statement of property taxes for the most recent year

       

      BMO Smart Fixed Mortgage

      The Smart Fixed Mortgage is for default insured mortgages which means the borrower has less than 20% of the home’s value as a downpayment. Borrowers can fix their rate for five or ten years, which keeps the payment the same over the term. 

       

      Features:

      • Choose a five or ten-year interest rate
      • Amortize the mortgage over 25 years
      • Competitive interest rates
      • Monthly, semi-monthly, bi-weekly, or weekly payments
      • Option to increase your payment by 10% each year
      • Option to prepay your mortgage by 10% annually

       

      Documents needed to apply:

      • Two pieces of government-issued photo I.D. such as a driver’s license or passport
      • Recent pay stubs
      • A letter of employment from your employer
      • Your recent T4/T4A slips or T1 income tax return (except Quebec) with the Notice of Assessment for the same year
      • RL1 or Revenue Quebec TP1 (Quebec residents) with the Notice of Assessment for the same year
      • Confirmation of your down payment
      • Agreement of purchase and sale
      • The real estate listing of the property that includes a photo of the property, property details, condo fees, if there are any, and taxes

       

      Current offers

      Customers who apply for a mortgage to buy a home or switch their mortgage to Bank of Montreal are eligible for up to $3,300 cashback. The details of the offer are:

      • Customers must apply between March 1st, 2022 -June 30th, 2022 to be eligible
      • The mortgage has to be funded within 130 days of the rate guarantee date
      • Mortgage payments must be made from a BMO account
      • Mortgages from $100,00-$499,000 can get $1,200 cashback
      • Mortgages from $500,000-$749,999 can get $2,000 cashback
      • Mortgages from $750,000-$999,999 can get $3,000 cashback
      • Mortgages more than $1,000,000 can get $3,300 cashback

       

      Small Business lines of credit and loans

      Bank of Montreal has loans and lines of credit for small business and commercial customers. These loans can help small businesses or commercial enterprises purchase products and services to maintain and grow their businesses.

       

      Credit Line for Business

      This product gives small business owners access to cash when they need it. It’s revolving, so the small business owner can borrow back up to the limit again once the limit is paid down. Limits are available for up to $120,000.

       

      Small Business Homeowner Line of Credit

      Much like the personal Homeowner Line of credit, small businesses can secure a line of credit with the equity in their home. This can potentially give them access to higher limits at more favourable interest rates. Again, there is no fee to apply and accessing the funds is easy.

       

      Small Business Homeowner Readiline

      The Small Business Homeowner Readline combines a mortgage with a line of credit, and the equity in your home secures both products. As the mortgage is paid down, the available limit of the line of credit can increase. There is no fee to apply, and once in place, the small business owner has ongoing access to cash from the line of credit.

       

      Operating Line of Credit

      The operating line of credit gives you access to funds 24/7 and can be in U.S. dollars if that is what the business requires. This product is best for businesses that need access to $50,000 or more. It works as an all-in-one account.

       

      Agri Readline Line of Credit

      The Agri Readline Line of Credit is a line of credit secured by a mortgage. Borrowers can use it for almost any purpose in their business, such as purchasing equipment or managing cash flow. This line of credit gives borrowers a single borrowing option that is convenient and easy to use.

       

      U.S.Dollar Line of Credit from BMO Harris Bank

      Businesses with significant dealings with the United States may benefit from the U.S. Dollar Line of Credit from BMO Harris Bank. This line of credit allows borrowers to access funds from a bank in the United States directly. It’s great for covering any business expenses the business may have in U.S. dollars and provides a perfect short-term borrowing solution.

       

      Small business installment loans

      Some businesses prefer getting a lump sum advance and making regular payments to pay off their loans. The small business installment loan allows borrowers to do that. In addition, favorable interest rates, credit limits up to $250,000, and no application fees make this product an attractive choice for many businesses.

       

      Installment Loan Plan (ILP)

      For small businesses that need access to larger sums, the ILP has a maximum limit of $500,000. This is a longer-term loan, giving borrowers manageable, predictable payments. Additionally, the ILP has a range of both terms and amortizations.

       

      Fixed-Rate Term Loan

      This loan is ideally suited for the purchase of capital assets. It offers an amortization period of up to 15 years and a term of up to 5 years. In addition, the rate is fixed, so payments are predictable, and the business won’t have to worry about rate fluctuations.

       

      Variable-Rate Term Loan

      The variable rate term loan is similar to the fixed-rate term loan, but the rate changes as interest rates change. As a result, borrowers can save money if the interest rate goes down, and they can lock into a fixed rate at any time if they want to do so. This loan offers a choice of amortization periods and flexible repayment options.

       

      Commercial lines of credit and loans

      The Bank of Montreal provides a full suite of banking products and services for commercial enterprises. Commercial businesses that require access to funds can find lines of credit and loans at BMO.

       

      Commercial Lines of Credit

      Commercial lines of credit are similar to those for small businesses. Commercial borrowers can have an Operating Line of Credit and an Agri Readline of credit. An additional line of credit offered for commercial operations is the Farm Equipment Readiline. 

       

      The Farm Equipment Readline is an excellent choice for purchasing new or used farm equipment. Those in the industry can set up the Farm Equipment Readline as a separate borrowing product from their general operating line.

       

      Commercial loans

      Commercial borrowers can consider a fixed-rate term loan or variable-rate term loan to meet their borrowing needs. 

       

      Fixed-rate term loan

      The fixed-rate loan has terms of up to five years and can be amortized for up to 15 years. This loan is often used by businesses to buy capital assets. Having a fixed rate ensures that the borrower will not fluctuate their interest rate over the term.

       

      Variable-rate term loan

      This loan offers flexible repayment options and the option to choose your amortization period. The benefit of a variable-rate term loan is that the borrower can potentially save money if the rates go down. However, if the rates are rising or the borrower wants to switch to a fixed rate, they can do so at any time.

       

      Why choose Bank of Montreal

       

      Bank of Montreal is an excellent choice for anyone looking for a full-service bank. Bank of Montreal has been meeting the banking needs of Canadians for over 150 years and has an excellent reputation as one of Canada’s largest banks. In addition, the variety of products and services at BMO means there is something for almost everyone. BMO offers banking services, accessibility, loans and lines of credit, and products and services for small business and commercial customers.

       

      Banking services

      BMO has bank accounts that can meet the needs of almost every customer. They offer savings accounts, chequing accounts for people who need just a few transactions, full-service bank accounts, and special offers for students, seniors, and newcomers to Canada. In addition, they have a BMO Family Bundle that charges just one monthly fee for all your household member accounts.

       

      Offers

      Currently, BMO is offering the opportunity for customers who open a new Performance or Premium chequing account the chance to earn up to $350.00. Check out the BMO website for details on how you can receive $350.00.

       

      Accessibility

      Customers can bank at the branch, ATM, online, over the phone, or using their mobile app. The multiple ways that people can bank allow them to access their funds and do their banking 24/7.

       

      Loans and lines of credit

      Those who want to borrow to fund a specific purchase, further their education, make their RRSP contribution, buy a home, or refinance their home, will find a wide variety of choices at competitive interest rates at BMO. A loan or line of credit from BMO can help borrowers achieve their goals and dreams.

       

      Small business and commercial products and services

      BMO offers banking packages, credit cards, lines of credit, and loans for people who have small businesses and also for those with commercial needs. An additional feature is the option to access products in U.S. dollars, making it easier to do business with the United States.

       

      Regardless of whether your banking needs are complex or straightforward, BMO can help you get the products and services that are best for you.

       

      How to sign up

       

      You can book an appointment or apply online for a personal loan, home equity loan, and RRSP Retro Activator loan. 

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      bmo 4

      Choose “book an appointment” or “apply online now.”After selecting “apply online”, complete the following screen

      For car loans, apply at the dealership. If you prefer to apply at BMO, you will be applying for a personal loan or line of credit and can follow the same application instructions for those products.

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      After selecting “apply online”, complete the following screen

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      Once you have completed this page, you will have the following screens listed at the top to complete for your application.

      If you have questions about how to apply, you can call 1-866-727-0992.

      If you need assistance with your online application, call  1-800-665-9665.

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      Lines of credit

      To apply for a line of credit, you can book an appointment online by clicking the “book an appointment” box.

      Requirements to be eligible apply online:

      • You must be a Canadian Citizen or landed immigrant residing in Canada
      • Have attained the age of majority in the province or territory where you reside
      • You must not have declared bankruptcy in the last 6 years or been declined for credit within the last 6 months
      • If you’re self employed, you must have been operating your business for a minimum of 3 years

       

      Mortgages

      To apply for a mortgage you can talk to an expert or get pre-approved online. BMO provides a menu where you can choose the way you prefer to apply for a mortgage.

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      Make your selection on the following screen

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      bmo 6

      To get pre-approved online choose the “get pre-approved online” link.

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      bmo 7

      Make sure you meet the criteria outlined in the following screen

      4
      bmo 8

      Select whether you are applying as an individual or it it’s a joint application

      5
      bmo 9

      Fill in the purchase price, down payment and the term you would like and choose “next”.

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      Fill in the monthly expenses that you will have with the property.

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      Choose whether you are a first-time homebuyer or if you own your current home.

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      If you own your current home, select if you are planning to sell it or not and then click “next.”

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      Select “yes” or  “no” regarding if you are a BMO customer or not and the click “next.”

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      Fill out your personal information, contact information, employment information and income information starting with this screen.

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      Continue the process by filling out the screens as required until  the end of the process.

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      You will be contacted regarding next steps within two days of completing your application.

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       For questions, you can call 1-877-225-5266.

      Frequently asked questions

      How to cancel e transfer bmo?

      You can only cancel an e-Transfer that has a pending status. To do this, sign in to your online banking and choose “Payments and Transfers”. Next, choose “Interac e-Transfers”. Select “Cancel e-Transfer” to cancel your pending e-transfer.

      What time does bmo close?

      Branch hours of operation will vary depending on which branch you deal with. Typical closing times are 5:00 p.m. Monday to Wednesday, 7:00 p.m. Thursday and Friday, and 4:00 p.m. on Saturdays. Check with your branch for their hours of operation.

       

      You can access your banking online, with the mobile app, at the ATM and by phone 24/7.

      How to remove funds on hold bmo?

      Holds may be placed on cheques deposited to your account. The hold will remain in place until the hold period expires.

      How to find transit number bmo?

      Log in to your online banking, select the “My Accounts” option and choose the account that you want the transit number for. The information regarding your account will be there.

      How to get a void cheque bmo?

      If you have a cheque, simply write VOID across it.

       

      If you don’t have a cheque but need one, you can sign in to your online banking and select “My Accounts.” Choose the “Void Cheque” link and order cheques.

       

      If you just need the details of your account for a deposit to your account or payment from your account, you can download the direct deposit form or go to your online banking. Once you have logged in, choose “My Accounts”, select the account you need the information for and you will find the details you need-transit number, account number and institution number.

      What time does bmo open?

      Most branches open at 9:30 a.m. but this can depend on the branch. Check with your branch to find out their hours. You can bank online, over the phone, at the ATM and with your mobile app 24/7.

      How to close bmo account?

      You can close your account by visiting your nearest BMO bank branch.

      How do I transfer money from bmo to another bank?

      If you are sending money to another individual or transferring money to your account at another bank, you can use “Interac e-Transfers.” Sign in to your online banking, choose “Payments and Transfers”, and follow the instructions to complete the e-transfer.

       

      You can also send money with a wire transfer. You need to visit a BMO branch to do this. To process a wire transfer, you will need to provide the name, address, and account number of the recipient as well as the name and address of their financial instituion.

      How long does bmo direct transfer take?

      The email notice to the recipient for an e-transfer can take up to 30 minutes. The money is deposited to their account once they accept the transfer. The recipient has up to 90 days to accept the transfer.

      How do I get a direct deposit form online bmo?

      You can get a direct deposit form online from BMO. Search “direct deposit form” and download the form. Fill it out with the required information and send it to the business.

      How to cancel bmo mastercard?

      You can cancel your Mastercard by visiting a branch or calling 1-800-263-2263.

      What is bmo institution number?

      BMO’s institution number is 001.

      How to order cheques bmo?

      You can order cheques by logging in to your online banking, choosing “My Accounts” and the account that you want cheques for. Select  “Order Cheques” and your order will be processed.

      What does bmo stand for?

       Bmo stands for Bank of Montreal.

      How to set up auto deposit bmo?

      With autodeposit, e-transfers are deposited automatically into your bank account. To set this up, log in to your online banking and go to “Payments and Transfers.” Next, select “Interac e-Transfers.” Finally, choose “Manage Autodeposit.”

      How do I find my bmo account number?

      Log in to your online banking, select the “My Accounts” option and choose the account that you want the number for. The information regarding your account will be there.

      How do I check my bmo rewards points?

      You can check your BMO rewards points by logging in to www.bmorewards.com. You will be able to see your points statement.

      How to increase credit limit bmo?

      You can increase your credit card limit by applying online. To increase the credit limit on your credit card, log in to your online banking,  select “My Accounts” and then choose the card you want the limit increased for. Next, select “Change Credit Limit.” You must be the primary card holder to request a credit limit increase.

      How to change bmo password?

      Change your online password by logging in to your online banking and choosing “My Profile and eDocuments.” Then choose “Change My Password.” Complete the necessary steps to change your password.

      How much are bmo rewards points worth?

      The approximate dollar value of a BMO reward point is $ .006.

      What is bmo swift code?

      The swift code for BMO is BOFMCAM2 for payment in Canadian dollars.

      How to activate bmo credit card?

      To activate your BMO credit card, go to bmo.com/activate. Have your card with you because you will be asked to enter details from it.

      How do I talk to someone at bmo?

      To talk to someone at BMO, call their customer care team at   1-877-225-5266.

      Conclusion

       

      Bank of Montreal is a great choice for those who want a full-service bank, convenient access to their accounts, and excellent service. BMO offers products and services that meet the needs of their customers to help them manage their finances effectively. BMO has spent more than a century and a half serving Canadians and is one of the largest banks in Canada. It has a strong presence all across Canada, allowing for convenient ways for Canadians to do their banking.

      Piggyy

      ״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

      content table close

      Piggyy

      ״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

      content table close

      Piggyy

      ״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates