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Cash Management



Cross-Border Services

 

Do you have operations on both sides of the border? If you do, you know the importance of support for seamless operations between Canada and the United States. We can help you monitor trends in both countries, execute transactions, and maintain flexible negotiations with international suppliers, clients and distributors.

 


Manage Your Payables

 

Save time and money with a range of solutions that can streamline your payables process, reduce errors and cut down on your paperwork.

 

 

 

 

 

Effectively manage your payments to suppliers and employees with simple, flexible solutions available through Online Banking for Business:

 

 

  • Interac e-Transfer®‡: Send electronic payments to businesses with a Canadian dollar account at any Canadian financial institution.1
  • Electronic Funds Transfer: Send funds electronically through either a Canadian or U.S. dollar account to any financial institution in Canada.
    Learn More
  • Tax & Bill Payments: Pay bills and taxes online, anytime.
    Learn More
  • Wire Payments: Send wire payments anywhere in the world – securely, quickly and easily.
    Learn More
  • ADP®**† Payroll: Manage your payroll with Direct Deposit.
    Learn More
  • Foreign Exchange: Make payments in foreign currencies.


Corporate Cards

 

Simplify and manage your corporate expenses with our Corporate Card solutions which all offer MasterCard®†* global acceptance

 

Our suite of Corporate Cards offers comprehensive solutions that can be tailored to the unique needs of your business. Our cards include features such as global MasterCard acceptance, a range of insurance protection for your organization and employees, robust online expense management tools, and the ability to customize transaction limits and controls.


Purchasing Card

 

Purchasing Card

 

  • Manage purchases with greater control, efficiency and flexibility
  • Control how and where cards are used
  • Track and analyze spending across your enterprise
  • Declining balance functionality available

 

Travel & Entertainment Card

 

Travel &
Entertainment Card

 

  • Manage your corporate travel expenses efficiently and cost effectively
  • Travel worry free with our comprehensive travel insurance
  • Flexible payment and billing options with central billing or individual cardholder billing

 

Fleet Card

 

Fleet Card

 

  • Monitor and manage your fleet expenses
  • Customized spend controls designed for your unique and specific fleet (or transportation) spend needs. Cards can be issued to vehicles or specific drivers

 


One Card

 

One Card

 

  • Combining convenience, flexibility and functionality into a single card
  • Consolidate purchasing, travel and fleet spend into one program
  • Declining balance functionality available
  • Earn AIR MILES®† Reward Miles

 

Prepaid Card

 

Prepaid Card

 

  • Manage one-time or recurring payments via reloadable and non-reloadable cards
  • Use for reward, promotion or compensation programs for employees or customers

 

Commercial Card

 

Commercial Card

 

  • When you have revenues of $5 million to $100 million
  • Consolidate all your business spending with this single card solution
  • Earn AIR MILES®† Reward Miles

 


BMO Approve2Pay®

 

BMO Approve2Pay®‡

 

  • Buyer initiated payment solution
  • Pay any supplier electronically, including those that do not accept MasterCard
  • Maximize cash flow by controlling when the invoice is paid, and by taking advantage of additional grace days

 

Accounts Receivable

 

Accounts Receivable

 

  • Reduce payment complexity, simplify reconciliation, and save time and money by streamlining receivables
  • Drive loyalty among buyers by offering them enhanced payment terms

 




Manage Your Receivables

 

Improve the efficiency of your collections processing and accelerate your access to funds. We can help you quickly capture and convert sales and enhance your cash flow with these solutions:

 

 

  • Automate collection with EFT Transfer.
    Learn more
  • Streamline the collection, processing and depositing of high-volume receipts with Wholesale Lockbox Services.
    Learn more
  • Use Moneris®*** Payment Solutions to facilitate credit and debit card purchases.
    Learn more
  • Interac® e-Transfer: Receive electronic payments from businesses with a Canadian dollar account at any Canadian financial institution1.
  • Deposit cheques with BMO DepositEdge 24/7 from anywhere, using your desktop scanner.
    Learn more

Deposits & Liquidity

 

Make the most of the money your business earns.

 

 

Balance what you need for your business today with investing in its future success it starts with a sound liquidity and investment program. Let us help advise you.



Information Reporting & Risk Management

 

Real-time, accurate reporting gives you a clear picture of your finances, helping you better manage and monitor your cash flow.

 

 

Access the information you need to make sound cash management decisions, including:

BMO® Online Banking for Business provides timely account balance and transaction activity, the status of payments and receivables. You also receive alerts for incoming transactions.
Learn more

 

Account Reconciliation

 

Account Information allows monitoring of account balance and transaction activity, export account data and set preferences for flexible report options.

Cheque Image Services provides access to high quality cheque images for up to seven years.

 

Auto Connect allows for automatic exchange reports and other transaction information between BMO Online Banking for Business and your computer or treasury workstation.


Reduce the Risk of Fraud and Help Protect Your Business

 

 

Our DirectCheque® solution helps deter fraud risk through a combination of features and options including:

 

Positive Pay:

Fully automated cheque processing and reconciliation solution that compares daily paid items against cheques issued.

 

Enhanced Positive Pay:

Performs an optical character recognition scan on the payee zone of a cheque and compares against the payee data you supply.

BMO has partnered with IBM®*** to offer IBM Security Trusteer®*** Rapport fraud protection software customized to protect your BMO Online Banking for Business session. This service is offered to BMO customers free of charge.2

 

Learn more

1. Individual Interac e-Transfers can be sent in amounts from $10 to $10,000 Canadian. Daily, weekly and monthly limits also apply. Limits are set at an entity/business level. Interac e-Transfers can only be sent from a BMO Canadian dollar bank account. Your recipient must have a Canadian dollar account at a participating Canadian financial institution. Visit Interac.ca for a list of participating financial institutions. Money is never sent by email; email is only used to notify the recipient of the pending Interac e-Transfer and to provide instructions on how to deposit the money. BMO and your recipient’s financial institution transfer funds using established and secure banking procedures.

 

 

2. By downloading and installing Trusteer Rapport software, you agree with all Trusteer Rapport's terms and conditions. Bank of Montreal is not responsible for, nor do we guarantee, this software, other products or services of IBM. Bank of Montreal is not responsible for any difficulties, consequences, costs, claims, damages or losses arising in any way whatsoever in connection with the downloading or use of the software. Any problems, questions or concerns regarding Trusteer Rapport should be directed to IBM.

 

 

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® Diners Club and Diners Club International with the split circle device are registered trademarks of Diners Club International Ltd.

®* MasterCard is a registered trademark of MasterCard International Inc. Used under license.

®* Interac the Interac Logo and Interac e-Transfer are registered trademarks of Interac Inc. Used under license.

®** AIR MILES is a trademark of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal.

®*** Registered trademark of International Business Machines Corporation

® All trademarks not otherwise identified above are the property of their respective owners