Bmo Near Me Bank (2025)

FAQs

Does BMO have US branches? ›

BMO Capital Markets is long-established in our core markets – Canada since 1817, the U.S. since 1818, the UK since 1870 and China since 1983 – with nearly 2,500 professionals located in 30 locations around the world, including 16 offices in North America.

Bank of the West has officially joined BMO Bank (BMO) through a formal acquisition on February 1, 2023. A formal conversion of the bank's systems occurred September 5, 2023.

It is the U.S. subsidiary of the Toronto-based multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation).

BMO Bank Checking Accounts

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.

On Sunday, September 3, 2023, BMO will be changing our legal entity name in the United States from BMO Harris Bank N.A. to BMO Bank N.A. We are also in process of rebranding from BMO Harris Bank and BMO Harris to BMO, with an updated logo.

Two easy ways to open a BMO U.S. account

Call the BMO Cross-Border Banking Hotline from Canada or the United States at 1-888-214-6720.

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.

Our website is now bmo.com. 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.

BMO Bank of Montreal has an edge over TD when it comes to savings accounts. TD's high interest savings accounts require a minimum balance of $5,000 to $10,000 before they bear interest. BMO has better interest rates and no minimum balance.

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.

Where does BMO rank in banks? ›

Yes, all BMO Alto Online Savings Accounts are FDIC insured.

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.

BMO is a highly diversified financial services provider, globally minded and socially conscious, with a deep sense of purpose and a clear strategy for long-term growth.

Bank Of Montreal

BMO Financial Corp.

Harris Financial Corporation

Strategic Footprint. BMO's Strategic Footprint spans strong regional economies, with branches and commercial, wealth management and capital markets offices across Canada and the United States.

Learn about us

BMO recognized as Best Commercial Bank in U.S. For the second year in a row, recognized as Best Commercial Bank in the U.S. Recognized seven years in a row, and one of just four banks worldwide on the 2024 list.

However, the Mastercard logo means your BMO Debit Card is accepted internationally anywhere Mastercard is accepted in-store (including the United States). It is also accepted online at Canadian merchants that accept Debit Mastercard and international merchants that accept Mastercard.