BMO SmartSteps for Business
SavingBorrowingSpending
Are there ways I can start saving more today?
Absolutely.

We'll show you stress–free ways to help you keep more of your money, lower your monthly expenses, and pay less taxes.

Click on a link below to learn more.

  • Generate automatic savings every month and keep more of your money.
    Set up an automatic savings plan so that every time you get paid, you pay yourself first.
    Did you know?
     Transferring just $50 each week to a higher–interest savings account can add up to $2,600 plus interest in just one year. Set up automatic savings for your BMO account. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to open a new Smart Saver Account and earn a higher rate of interest on my savings Get Started
  • Minimize your banking fees to lower your monthly expenses.
    Get on the right banking plan that suits your day–to–day banking needs without paying more than you need to.
    Did you know?
     Using your debit card frequently could add up to over $30 per month. Pay half of that and get unlimited debit transactions1. Get the right banking plan for your account. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to open a new Account with a Plan so I only pay for the banking services I need Get Started
  • Start saving tax–free and pay less tax.
    With a Tax–Free Savings Account, all of the gains you make on your savings are yours to keep – all tax–free!
    Did you know?
     Opening a Tax–Free Savings Account is a good way to save for your short and long term goals because you keep everything that you make, and you can access it at any time. Open a Tax–Free Savings account. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to open a new Tax–Free Savings Account securely through BMO Investorline Get Started
  • Automate money transfers to avoid paying extra fees.
    Get automatic transfers from your savings, line of credit or BMO® MasterCard®*, directly to your chequing account whenever you need it, to avoid paying hefty fees for insufficient funds.
    Did you know?
     A cheque or pre–authorized payment from an account with insufficient funds can cost you over $40 in fees, but automatic transfers do not cost anything extra2. Set up automatic transfers for your account. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to apply for a line of credit. Get Started I’m ready to apply for a BMO MasterCard Get Started
Did you know?

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Are there smarter ways to be debt–free sooner?
Yes.

We’ll show you how to be debt–free faster and keep your interest costs low so you can achieve your goals.

Click on a link below to learn more.

  • Make more frequent mortgage payments.
    Shift your mortgage payments from monthly to accelerated bi–weekly and pay less in interest.
    Did you know?
     You could be mortgage–free 4 years sooner and save over $44,000 in interest charges simply by changing your payment frequency 3.

    Learn more     Increase the frequency of your mortgage payments. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I want to switch my mortgage to BMO Get Started
  • Use your mortgage prepayment privileges.
    Increase your payments and/or make lump sum payments to pay down your mortgage faster.
    Did you know?
     By making a lump sum payment of 5% of the original principal each year, you can pay off a 25–year mortgage in less than 12 years and save over $136,000 in interest4,5.

    Learn more     Start using your prepayment privileges. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I want to switch my mortgage to BMO Get Started
  • Shorten your mortgage payback period.
    Shortening your mortgage amortization means you pay a lot less interest over the life of your mortgage.
    Did you know?
     Cutting your amortization period from 30 years to 25 years can save you over $55,000 in interest and it only increases your payment by $112 per month5.

    Learn more     Shorten your mortgage payback period. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I want to switch my mortgage to BMO Get Started
  • Use the equity in your home to access funds.
    As you pay off your home, your equity becomes accessible through your Homeowner ReadiLine®. That means you can take advantage of the lower rates to pay for renovations, your children’s education, or anything else you want to be able to do.
    Did you know?
     With one application, you can set up a Homeowner ReadiLine that allows you to access up to 80% of the value of your home6. As you pay down your balance, funds become available to you. Find out how to access the equity in your home. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to get started on a Homeowner ReadiLine Get Started
  • Make sure you’re able to handle an increase in mortgage rates.
    Stress test your mortgage by making higher payments based on anticipated higher interest rates.
    Did you know?
     If rates rise 1%, you will need an additional $152 per month5 on a $250,000 mortgage. If rates don’t rise, you’ll be paying down your principal faster. Either way, you’re prepared.

    Learn more     Increase your mortgage payment amount. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I want to switch my mortgage to BMO Get Started
  • Tap into your RSP for tax–free funds to help with your down payment.
    Did you know?
     As a first–time homebuyer, you and your partner can each withdraw up to $25,000 tax–free from your RSP to contribute to your down payment.

    Learn more     Tap into your RSP to help with your down payment. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to get started on a BMO mortgage Get Started
  • Use a loan or line of credit for smart debt consolidation.
    Pay off higher-interest accounts with one low monthly payment to reduce debts faster.
    Did you know?
     Department store credit cards may have interest rates as high as 29%. For every $1000 in balance that you carry on your department store credit card, you could save up to $230 each year by using a line of credit instead10. Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to apply for a line of credit Get Started
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Are there better ways to manage my spending?
Certainly.

Spending wisely is just as important as saving money. It’s even better when you have a credit card that helps you. We’ll show you how to lower your interest rate on a credit card that always has rewards and features you’ll use.

Click on a link below to learn more.

  • Credit card rewards aren’t only about earning points for trips.
    Find cards with additional benefits that give you more value from the products you purchase and help to stretch your personal budget.
    Did you know?
     You can double the original manufacturer's warranty period7 up to a maximum of one additional year when you use any BMO MasterCard. Find out more about BMO MasterCard by calling
    1–800–263–2263.     Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to apply for a BMO MasterCard Get Started
  • Minimize the interest you pay on your credit card.
    Whenever possible, pay off your entire credit card balance every month. If you can’t, consider a credit card with a low interest rate option and try to pay more than the minimum payment due. The faster you pay off the balance, the less interest you’ll pay.
    Did you know?
     You may be eligible for a low interest rate option for only $35 a year. Generally, the interest saved covers more than the cost of the annual fee. Use the online interest calculator to help you decide if the low rate option is right for you. Find out more about BMO MasterCard by calling
    1–800–263–2263.     Magnifying Glass

    Locate a Branch

    or call

    Cell phone

    1–877–CALL–BMO

     I’m ready to open a BMO MasterCard Get Started
  • Reward yourself every time you shop.
    Earn AIR MILES®† reward miles on all purchases, no matter where you shop. Only BMO offers AIR MILES reward miles on all your purchases with both your BMO debit card8 and your BMO AIR MILES MasterCard9.
    Did you know?
     When you shop at an AIR MILES Sponsor, pay with your BMO debit or credit card and show your AIR MILES Collector card to earn AIR MILES from both BMO and the AIR MILES Sponsor. That means you will collect faster and redeem sooner. See how you can collect AIR MILES reward miles with BMO Learn More I’m an AIR MILES Collector and am ready to apply for a new Account with a Plan so I can start collecting on my debit card purchases Learn More I’m an AIR MILES Collector and am ready to apply for a BMO AIR MILES MasterCard Learn More
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