Last Updated on February 10, 2025
BMO Bank, a Canadian multinational investment bank and financial services company, is a subsidiary of the Bank of Montreal. It offers a wide range of financial products and services to personal, commercial, and institutional customers. In this comprehensive guide, we’ll answer some of the most frequently asked questions about BMO Bank to help you navigate your banking needs.
| QUICK LINKS | |
|---|---|
| General Information | Contact Information |
| Operating Hours | Banking Details |
| Account Management | Services |
General Information
What Does BMO Bank Stand For?
BMO Bank stands for Bank of Montreal.
Who Owns BMO Bank?
BMO Bank is owned by the Bank of Montreal, which is one of the largest banks in Canada by assets and market capitalization.
Operating Hours
| Days | Opening Hours | Closing Hours |
|---|---|---|
| Monday | 9:30 AM | 5:00 PM |
| Tuesday | 9:30 AM | 5:00 PM |
| Wednesday | 9:30 AM | 5:00 PM |
| Thursday | 9:30 AM | 5:00 PM |
| Friday | 9:30 AM | 5:00 PM |
| Saturday | 9:30 AM | 3:00 PM |
| Sunday | Closed | Closed |
Is BMO Bank Open Today?
BMO Bank is generally open from 9:30 AM to 5:00 PM Monday through Friday. On Saturdays, it is open from 9:30 AM to 3:00 PM, and closed on Sundays. However, it’s always best to check the specific hours of your local branch, as they can vary.
What Time Does BMO Bank Close?
BMO Bank closes at 5:00 PM from Monday to Friday, and at 3:00 PM on Saturdays.
Account Management
How to Open a BMO Bank Account?
- Choose Your Account Type: Visit the BMO website or your local branch to review the different types of accounts available (e.g., chequing, savings, student accounts, etc.). Select the one that best meets your needs.
- Gather Necessary Documents: You’ll need to provide identification documents such as a valid driver’s license or passport, and proof of address (like a utility bill).
- Apply Online or In-Branch:
- Online: Go to the BMO website, select the type of account you wish to open, and click on the “Open an Account” button. Follow the prompts to fill out the online application form. Upload your identification documents when requested.
- In-Branch: Visit your nearest BMO branch. A banking representative will help you complete the application and verify your identification documents.
- Review and Accept Terms: Carefully read through the account terms and conditions. If you agree, accept them to proceed.
- Initial Deposit: Depending on the account type, you may need to make an initial deposit. Transfer funds electronically or deposit cash/cheques at the branch.
- Confirmation: Once your application is processed, you’ll receive a confirmation email or letter. Your account details, including the account number and any relevant cards (like a debit card), will be sent to you.
How to Close a BMO Bank Account?
- Prepare Your Account: Make sure your account balance is zero or transfer any remaining funds to another account. Ensure all pending transactions have been processed.
- Visit a Branch or Contact Customer Service:
- In-Branch: Go to your local BMO branch and speak with a banking representative. Inform them of your intention to close the account. They will guide you through the process.
- Customer Service: Call BMO customer service at 1-800-361-2000. Request to close your account. The representative will verify your identity and process your request.
- Settle Outstanding Fees: Ensure any outstanding fees or charges are paid. If you are closing an account with an ongoing service or subscription, notify the relevant parties to switch to an alternate payment method.
- Confirmation: Once your request is processed, you’ll receive a confirmation email or letter confirming that your account has been closed. Keep this confirmation for your records.
Contact Information
How Do I Contact BMO Bank Customer Service?
You can contact BMO customer scare team at 1-877-225-5266. You can also reach out via their website or mobile app for support.
- For Customer Care Tem – 1-877-225-5266
- For Facebook – https://www.facebook.com/BMOcommunity/
- For Twitter – https://twitter.com/BMO
- For Instagram – https://www.instagram.com/bmocanada/
- For Youtube – https://www.youtube.com/bmocommunity
- For Linkedin – https://www.linkedin.com/company/bank-of-montreal
Which BMO Bank Branch Near Me
To locate a BMO Bank branch near you, you can use the following methods:
- BMO Branch Locator: Visit the BMO Branch Locator and enter your postal code, address, or share your location.
- Google Maps: Open Google Maps, type “BMO Bank” in the search bar, and it will show you the closest branches along with directions.
- BMO Website: Check the BMO website for a list of branch locations and contact information
Banking Details
What is BMO Bank’s Transit Number?
The transit number is a unique identifier for each branch and can be found on your chequebook or by contacting customer service. This number is essential for various banking transactions, such as direct deposits and electronic funds transfers.
What is BMO Bank’s Institution Number?
The institution number for BMO Bank is 001, which is common for all BMO Bank branches. This number, combined with the transit number, forms the routing number needed for various transactions.
What is BMO Bank’s Routing Number?
The routing number is used for electronic transactions and can be found on the BMO website or your chequebook. It consists of the institution number and the transit number.
Services
Does BMO Bank Have Online Banking?
Yes, BMO offers robust online and mobile banking services. You can manage your accounts, pay bills, transfer funds, and more through their secure online portal and mobile app.
What are BMO Bank’s Loan Rates?
Loan rates at BMO vary depending on the type of loan and individual circumstances. It’s best to contact BMO directly or visit their website for the most up-to-date information on loan rates.
Does BMO Bank Offer Mortgages?
Yes, BMO offers a variety of mortgage options to suit different needs. Whether you’re buying your first home, refinancing, or investing in property, BMO has mortgage solutions for you.
What are BMO Bank’s Fees?
BMO Bank’s fees vary by account type and the services used. It’s important to review their fee schedule, which can be found on the BMO website or by contacting customer service.
What are BMO Bank’s Credit Card Options?
BMO offers several credit card options, including personal, business, and travel cards. Each card has its own set of features, benefits, and rewards programs.
Can I transfer Money Internationally with BMO Bank?
Yes, BMO provides international money transfer services. You can send money to various countries through their online banking platform or by visiting a branch.
What are BMO Bank’s Savings Account Options?
BMO offers various savings account options, including high-interest savings accounts, TFSA (Tax-Free Savings Accounts), and more. These accounts are designed to help you save and grow your money.
Does BMO Bank Offer Business Banking Services?
Yes, BMO provides a range of business banking services, including business accounts, loans, credit cards, and more. These services are tailored to meet the needs of small to large businesses.
What is BMO Bank’s Mobile App Like?
The BMO mobile app (Android or iOS) is highly rated for its user-friendly interface and comprehensive features. It allows you to manage your accounts, pay bills, transfer funds, and even deposit cheques using your smartphone.
How do I Apply for a Mortgage with BMO Bank?
You can apply for a mortgage online, by phone, or in person at a branch. The process involves filling out an application form, providing necessary documents, and undergoing a credit check.
Conclusion
BMO Bank provides a comprehensive range of financial services and products to meet the diverse needs of its customers. Whether you’re looking to open an account, manage your finances, apply for a loan, or explore investment options, RBC has you covered with its extensive offerings and customer support.
Statistics and Information Sources:
- BMO website
- Link: https://www.bmo.com/en-ca/main/personal/
