Account (CA)
BMO Bank review: is it trustworthy?
BMO offers a full range of financial products and services so you can choose which fits your needs better. Check out the BMO Bank review article!
BMO Bank of Montreal: many products to fulfill all you need!
Check out this BMO Bank review article to learn all about BMO Bank and its offers!
BMO was founded in 1817, so it would be hard to find a Canadian that doesn’t know about its existence.
Since then, this bank has been considered one of the largest banks in America. Also, it constantly pursues significant and positive changes.
There are three major operating groups to attend to your needs and goals: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets.
That’s how they have a financial product or service that will fit perfectly in what you look for.
So, check out this full review to learn more about how this bank can help you out!
Financial products offered | Bank accounts, credit cards, mortgages, loans, lines of credit, investments, financial planning, insurance |
Fees | All chequing accounts charge fees, but it can be waived with a minimum balance;Some credit cards don’t have fees |
Minimum balance | You can maintain a minimum balance to waive fees. Each account specifies a different minimum balance |
How to start banking with BMO Bank?
Check out how to start banking with BMO Bank and enjoy its offers!
How is banking with BMO Bank?
BMO Bank offers many products and services, whether you are searching for a solution for yourself or your business.
The complete list ranges from chequing accounts, savings, credit cards, mortgages, personal loans, home equity loans, lines of credit, investments, financial planning for retirement, events, Estate Planning & Trusts, and travel services, including insurance.
In addition, some of its products are specially made for groups like students, newcomers to Canada, Canadian Forces, veterans, and RCMP.
Even though chequing accounts have monthly fees, you have the possibility to waive them if you maintain a minimum balance.
There are also credit cards with no fees and credit cards full of rewards and low-interest rates.
Keep reading to find out how is the experience when banking with BMO.
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BMO Bank experience: accounts, credit cards, and more
You can find chequing accounts with unlimited transactions, welcome bonuses, rewards, and fees beginning at $4.00 per month at this bank.
For some accounts, you have the possibility to waive monthly fees if you maintain a minimum balance, too.
Moreover, BMO offers savings accounts with competitive interest rates, and you can get up to 0.350% on a 0.050% base plus 0.300% as a bonus.
Furthermore, you can start banking with it by applying for a credit card. Whether you are a student with limited credit history, a small business owner, or someone looking for a reward card, you may find a perfect fit for you.
From no-fee cards to cards full of exclusivity and privileges, Bank of Montreal has it all.
But if you search for investment accounts, whether you are a newbie or an expert, you can count on many types of them, including tools and InvestorLine with professional advice.
Pros
- It offers plenty of financial products and services for different types of needs and goals;
- Its fees and rates are competitive;
- Fees can be waived in certain cases if you maintain a minimum balance;
- You can find a specific credit card that will fit your profile;
- It offers mobile and online banking;
- It provides many ways to bank: from digital to global money transfers.
Cons
- Unfortunately, most accounts have monthly fees;
- It could improve the base rate on the savings accounts.
Why should I choose BMO Bank?
If you search for a bank that has it all under the same roof, you have just found one. Also, as a substantial financial institution, you won’t be unattended no matter where you are.
How to start banking with BMO Bank?
Check out our next post to learn how to start banking with BMO and how you can benefit from it right away!
How to start banking with BMO Bank?
Check out how to start banking with BMO Bank and enjoy its offers!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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