Borders don't stand in the way of your ambitions – and neither should the challenges of entering new banking environments. BMO Bank of Montreal offers a centralized approach to treasury management that can help you open accounts and transact in U.S. dollars, Euro, Pounds Sterling, Hong Kong Dollar, Japanese Yen and other foreign currencies just as easily as you can in Canadian dollars.
From your Canadian treasury office you can:
- Hold accounts in U.S. dollars and foreign currencies domiciled in the U.S.
- Transact in USD using ACH/EFT, cheques, wires and wholesale lockbox
- Collect and make payments in foreign currency using wire transfers
- Save on foreign exchange and other fees by doing business in the local currency
- Monitor transactions online at your convenience, regardless of time zone
- Eliminate the lengthy and time-consuming process of opening a foreign account overseas
Foreign currency accounts are available in:
- U.S. Dollar
- Australian Dollar
- Czech Koruna
- Danish Krone
- Hong Kong Dollar
- Hungarian Forint
- Indian Rupee
- Japanese Yen
- Mexican Peso
- New Zealand Dollar
- Norwegian Krone
- Polish Zloty
- Pound Sterling
- South African Rand
- Swedish Krona
- Swiss Franc
- Singapore Dollar
- Turkish Lira
Advice You Can Trust:
Now you can operate U.S. and foreign currency transactions on the ground from Canada through a single, trusted relationship. We can help you lower exchange rate risk, diversify your cash positions, manage your payables and receivables across currencies, and simplify collaboration among business divisions.
All U.S. dollar and foreign currency accounts are accessible through Online Banking for Business. Online Banking for Business is your single point of access for international banking services and consolidated account information – showing you CAD, USD and foreign currency transactions in a single report.
A full range of treasury management services is available through BMO Bank of Montreal. Our long-standing U.S. presence through Chicago-based BMO Harris Bank enables us to offer you streamlined cross-border solutions. You no longer need to establish multiple foreign banking relationships or work through country specific requirements. Your BMO treasury management team will support all your global treasury management needs and help you reach new markets, wherever your vision takes you.
Canadian treasury management services provided by Bank of Montreal. U.S. and foreign currency treasury management services provided by BMO Harris Bank N.A. U.S. and foreign currency services to be provided by BMO Harris Bank N.A. in the U.S. BMO Harris Bank N.A. is a separate legal entity from Bank of Montreal. Bank of Montreal is not the agent or representative of BMO Harris Bank N.A., and as such Bank of Montreal has no authority to negotiate, accept contracts or otherwise act on behalf of BMO Harris Bank N.A. BMO Bank of Montreal is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. and BMO Ireland Plc, and the institutional broker dealer businesses of BMO Nesbitt Burns Inc. (Member CIPF) in Canada, Europe and Asia, BMO Nesbitt Burns Ltée/Ltd. (Member CIPF) in Canada, BMO Bank of Montreal, BMO Nesbitt Burns Trading Corp. and BMO Nesbitt Burns Securities Limited in the U.S., and BMO Bank of Montreal in Europe and Australia. BMO Harris Bank N.A. deposits are insured by the FDIC up to the applicable coverage limits under the FDIC rules. For further details concerning FDIC coverage see the FDIC web site at www.FDIC.gov.
® Registered trade-marks of Bank of Montreal.