Bank of Montreal account

BMO's online banking account offers a convenient and secure way to manage your finances from the comfort of your home or on the go. With BMO Digital Banking, you gain access to a wide range of features designed to simplify your banking experience and put you in control of your money.

Security is paramount with BMO, ensuring the protection of your financial and personal information while banking online. Features such as Touch ID® and Face ID®, along with secure mobile alerts, enhance peace of mind for users.

The platform is designed for user convenience, allowing you to easily pay bills, manage accounts, and monitor spending through intuitive interfaces. Additionally, features like paperless statements and mobile deposit streamline banking processes.

For those seeking simplified money management, BMO offers tools like Total Look, consolidating all accounts, even those from external institutions, into a single secure location. This enables the creation of personalized budgets and effortless spending tracking.

Sending and receiving money is made convenient through various options such as Zelle for rapid transfers and mobile deposit for easy check deposits. BMO accounts also provides solutions for credit card balance transfers, helping users save on interest and manage debts effectively.

Key Features

1. Convenience. BMO Digital Banking provides convenient access to your accounts anytime, anywhere, allowing you to manage your finances from the comfort of your home or while on the move.

2. Control. With BMO's online banking platform, you have full control over your accounts and cards, empowering you to handle transactions, pay bills, and monitor your finances with ease.

3. Security. BMO prioritizes the security of your financial and personal information, offering features like Touch ID® and Face ID®, as well as secure mobile alerts, to ensure your data remains protected.

4. Simplicity. The platform is designed for user-friendly navigation, making it easy to perform tasks such as bill payments, account management, and spending analysis through intuitive interfaces.

5. Flexibility. BMO's online banking account offers flexibility in managing your money, with features like paperless statements, mobile deposit, and tools for budgeting and tracking spending, catering to your individual financial needs and preferences.

How to create a BMO account?

Online

1. Visit the BMO Website. Open a web browser and navigate to the official BMO website.

2. Locate the Sign-Up Section. Look for a section or button labeled "Sign In" This is usually found on the homepage of the website in the top right corner.

3. Verify Identity. BMO will require you to verify your identity to comply with banking regulations. Fill in your credit or debit card number, then provide your social security number or taxpayer identification number. This may involve providing additional documentation or answering security questions.

4. Agree to Terms and Conditions. Review and accept the terms and conditions associated with opening a BMO online banking account. Make sure to understand any fees, features, and policies related to the account.

5. Create Login Credentials. Choose a username and password for your online banking account. These credentials will be used to log in to your account securely.

6. Set Up Security Features. BMO may offer additional security features such as security questions, two-factor authentication, or biometric authentication (e.g., fingerprint or facial recognition). Set up these features to enhance the security of your account.

7. Activate Your Account. Follow the instructions provided by BMO to activate your online banking account. This may involve verifying your email address or mobile phone number, as well as setting up any additional security measures.

8. Start BMO Mobile Banking. Once your account is activated, you can log in to BMO's online banking platform using your chosen username and password. From there, you can access a range of banking services, such as checking your account balance, transferring funds, paying bills, and more.

Offline

1. Visit a BMO Branch. Locate a nearby BMO branch and visit during their business hours. You may need to schedule an appointment in advance, depending on the branch's policies and current operating procedures.

2. Meet with a Bank Specialist. Upon arrival, inform the bank staff that you would like to open an online banking account. They will connect you with a bank specialist who can assist you throughout the process.

3. Provide Identification. To comply with banking regulations, you will need to provide valid identification documents. This typically includes government-issued identification such as a driver's license, passport, or state ID. The bank specialist will verify your identity using these documents.

4. Fill Out Application Form. The bank specialist will provide you with an application form to fill out. This form will require your personal information, such as your full name, address, date of birth, Social Security number (or equivalent), and contact details.

5. Review Terms and Conditions. Take the time to review and understand the terms and conditions associated with opening a BMO online banking account. The bank specialist will be available to answer any questions you may have.

6. Sign Documents. Once you have completed the application form and reviewed the terms and conditions, you will need to sign the necessary documents to open the account. This may include agreements, disclosures, and other paperwork.

7. Set Up Online Access. The bank specialist will assist you in setting up your online banking access. They will help you create a username and password, as well as explain any additional security measures you can use to protect your account.

8. Verify Contact Information. Ensure that your contact information, such as your email address and mobile phone number, is accurate and up to date. This will be important for receiving account notifications and alerts.

9. Receive Confirmation. After completing the account opening process, the bank specialist will provide you with confirmation of your new online banking account. They may give you printed materials with instructions on how to access your account online.

10. Start Banking. Once your online banking account is set up and activated, you can begin using BMO's online banking services to manage your finances, make transactions, and access various features offered by the bank.

Step-by-step registration

1. Go to the BMO website. Open a web browser and navigate to the official BMO website.

2. Click on "Ways to bank". Locate and click on the "Ways to bank" section of the website.

3. Select "Digital Banking". Within the "Ways to bank" section, choose the option for "Digital Banking.

4. Click "Register now". Look for the "Register now" button and click on it to initiate the registration process.

5. Prepare your debit card. Ensure you have your BMO debit card available before proceeding further.

6. Click "Next". After preparing your debit card, click on the "Next" button to proceed with registration.

7. Fill in the required debit card numbers. Enter the necessary details from your debit card as prompted.

8. Click "Verify". Once you've entered the required debit card numbers, click on the "Verify" button.

9. Agree to BMO's Electronic Banking Services Agreement. Review and agree to BMO's Electronic Banking Services Agreement.

10. Note the provision of a separate agreement in French for those in the Province of Québec. If applicable, acknowledge the availability of a separate agreement in French for residents of Québec.

11. Complete the verification process. Follow any additional prompts or instructions to complete the verification process.

12. Finalize your registration. Upon successful verification, finalize your registration to gain access to BMO's digital banking platform.

How to log in?

1. Visit the website. Open your web browser and navigate to the official BMO website at www.bmo.com.

2. Sign in to BMO. Look for the "Sign In" option, usually located on the right-hand side of the screen.

3. Click "Sign In to Online Banking". Locate and click on the option to "Sign In to Online Banking."

4. Enter Your Details. Fill in your login credentials, including your card number (or username) and password, in the designated fields.

5. Click "Sign In". After entering your details, click on the "Sign In" button to proceed.

How to activate a BMO account?

1. Receive Welcome Materials. After successfully opening an account with BMO, you will likely receive welcome materials either by mail or electronically. These materials may include important information about your account, as well as instructions on how to activate it.

2. Review Activation Instructions. Carefully review any activation instructions provided by BMO. This may include visiting a specific website, calling a phone number, or visiting a branch in person.

3. Visit Activation Website. If activation can be done online, visit the designated activation website provided by BMO. This website may be linked in the welcome materials or communicated through other channels.

4. Provide Verification Information. To activate your account online, you may need to provide certain verification information. This could include your account number, Social Security number (or equivalent), date of birth, and other personal details.

5. Complete Security Steps. BMO mobile banking may have additional security measures in place to ensure the safety of your account. This could involve setting up security questions, creating a unique username and password, or enabling two-factor authentication.

6. Confirm Activation. Once you've provided all necessary information and completed any required security steps, confirm that your account has been successfully activated. You may receive an on-screen confirmation message or email notification.

7. Follow Additional Instructions. Depending on the type of account and BMO's procedures, there may be additional instructions to follow after activation. This could include funding your account, ordering checks or debit cards, or setting up online banking access.

8. Begin Using Your Account. Once your account is activated, you can start using it for various banking transactions and services offered by BMO. This may include making deposits, transferring funds, paying bills, and more.

How to delete a BMO account?

1. Choose Your Method. BMO offers two options to close your bank account. You can either visit one of their branches or call their phone number at 1-877 CALL BMO (225-5266) if your account balance is $0.

2. Visit a Branch. If you prefer to visit a branch, simply go to your nearest BMO branch during their operating hours. A bank representative will assist you in closing your account.

3. Call BMO Customer Service. Alternatively, you can call BMO's customer service hotline available 24 hours a day, seven days a week. They can help you close your account over the phone if your account balance is $0.

4. Transfer Your Funds. Before closing your account, consider transferring your available funds to another bank account or withdrawing them over the counter. This ensures that you have access to your money even after the account is closed.

5. Timing of Fund Transfer. If you choose to transfer your funds yourself, it's advisable to do so on the first day of the month to avoid any accrued interest if the account earns interest.

6. Understand Applicable Fees. Be aware of any fees associated with closing your BMO account. The fees depend on factors such as how long you've held the account and whether you want your balance transferred to another financial institution.

7. Fees for Account Closure. Closing your account after 90 days of opening is typically free, but if closed within 90 days, there may be a fee of $20. Additionally, there's a $20 fee for transferring your account balance to another financial institution.

8. Dormant Account Fees. If your account becomes dormant, you may incur fees depending on the duration of dormancy. Fees range from $20 for a 2-year notice of dormant account to $40 for transferring the balance to the Bank of Canada after 10 years.

9. Unclaimed Balance After 10 Years. After 10 years of dormancy, your funds may be deemed an "unclaimed balance" and transferred to the Bank of Canada.

10. No Online Closure Option. It's important to note that you cannot close your BMO account online. You must visit a branch or call their customer service hotline to initiate the account closure process.

How to reset my password?

To reset their password for BMO's Online Banking, individuals can utilize the convenient Online Password Reset service. This feature enables them to create a new password and regain access to their account swiftly. To utilize this service, they should ensure they have an email address linked to their account and are accessing Online Banking from a familiar computer. The process involves three simple steps:

1. Identity Verification. They will need to successfully answer one of the challenge questions they previously set up for Enhanced Sign In with Online Banking.

2. Temporary Password Issuance. A temporary password will promptly be emailed to the email address associated with their account. They will have 10 minutes to log in to Online Banking using this temporary password.

3. Permanent Password Selection. Upon logging in with the temporary password, they will be prompted to choose a new permanent password for their Online Banking account.

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Additional Resources

• About Bank of Montreal
• How to PayOff BMO Debt
• BMO Mobile App
• BMO Customer Reviews
• BMO Personal Loans for December 2024
• BMO Personal Loans Calculator

Sources

• Bank of Montreal Website