Bmo Branch Near Me (2024)

FAQs

Is BMO a good Bank to deal with? ›

BMO's checking accounts earn 4.6 stars. The bank has three options that all support paper checks and offer different perks, though there is no debit card rewards program. For all three accounts, a $25 minimum opening deposit is required.

Coinciding with the Bank of the West merger, the U.S. bank announced that it would retire the "BMO Harris Bank" brand in favor of the global "BMO" brand of its Bank of Montreal's parent finacail services corporation.

Bank of Montreal, together with its sub- sidiaries, is known as BMO Financial Group. As such, in this document, the names “BMO Bank of Montreal” and the “Bank” mean the Canadian retail banking division of Bank of Montreal, and “BMO Financial Group” and “BMO®” mean Bank of Montreal together with its subsidiaries.

Bank Of Montreal

BMO Financial Corp.

Harris Financial Corporation

Cons. The APY is not competitive unless you bundle the account with the Relationship Checking account and meet higher balance requirements. There is a $10 monthly service charge unless you maintain a monthly minimum balance of $5,000.

At BMO , your money is FDIC insured with both a money market account and a certificate of deposit, offering more security and less risk than other investment alternatives provided by non-banks – so you can rest easy.

To make things simpler and easier for our customers, we're shortening our name from BMO Harris Bank to BMO and our new name is now reflected in our website address.

China 'opening up'

Currently, BMO is the only Canadian bank with a wholly-owned subsidiary in Asia's biggest economy. It has had a partnership with ICBC, which is China's biggest bank by assets, since 1997. In 2006, BMO helped manage the distribution of ICBC shares in Canada for its initial public listing.

What states is BMO in? ›

The Bank of Montreal (French: Banque de Montréal), abbreviated as BMO (pronounced /ˈbiːmoʊ/), is a Canadian multinational investment bank and financial services company. BMO Bank, N.A. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank.

Is my money safe at BMO bank? BMO customers are protected from losses incurred via unauthorized transactions, bank failure, fraud, and physical and cyber security threats.

Bank of Montreal Stock Tanks 6.2% as High Provisions Hurt Q3 Earnings. A surge in provisions and a fall in NII hurt BMO's fiscal Q3 earnings. But a rise in loans, decline in expenses and higher loan balance offer some support.

BMO is a leading North American bank driven by a single purpose: to Boldly Grow the Good in business and life. Our Purpose informs our strategy, drives our ambition, and reinforces our commitments to progress: for a thriving economy, a sustainable future and an inclusive society.

Fitch Ratings - Toronto - 17 Jun 2024: Fitch Ratings has affirmed Bank of Montreal's (BMO) Long-Term Issuer Default Rating (IDR) and Short-Term IDR at 'AA-' and 'F1+', respectively. The Rating Outlook is Stable.

BMO may be right for you if you have a large family and want to save money on chequing by bundling multiple accounts together under one plan. It may also be a good choice if you want to access some of the best interest rates in Canada among the big banks' savings accounts.