Receiving Payments
Manage your business receivables with quick, easy deposits and fast access to funds.
Need help choosing the right services for your business? Reach out to a BMO Business Banking expert.
Services to help you receive payments
Moneris® payment solutions
Accept debit and credit card payments in store.
Receive deposits as early as the next day.
Access unlimited Moneris® transactions on your BMO Business Bank Plan.
Get 24/7 Moneris® support.
BMO DepositEdge®
Deposit cheques anytime, from your office or place of business.
Securely scan, transmit and deposit eligible cheques.
Access detailed reporting and recordkeeping options.
Receive same-day credit for funds deposited before 7 p.m.*
Electronic Funds Transfer (EFT)
Collect payments from customers in Canada.
Receive payments from Canadian bank accounts quickly with same-day deposits.
Set up reoccurring withdrawals for rent, a lease, or membership fees.
Interac e-transfers
Receive or request payments within Canada.
Receive payments of up to $25,000 from Canadian bank accounts.
Deposit funds in seconds using your Canadian account number or email address.
We’re here to support your business needs
Get tailored advice about receiving payments and managing your cash flow from a BMO Business Banking expert.
Unlock more digital capabilities with our Business Payment Solutions
For more complex business banking needs choose the Business Payment Solution on our Online Banking for Business platform that fits the transaction needs of your business.
Resources to support your business
How to get more customers and find new suppliers
Keep your small business moving forward by learning how to get more customers and find new suppliers.
How to prepare your business to weather a recession
Learn how to keep generating revenue and reduce interruption to your cash flow during economic slowdowns.
We’re here to help
Find a branch
Locate a BMO branch near you.
Come talk to us
Get personalized support in your area.
Email us
Schedule a time to talk about your business needs.
®*The Western Union name, logo and related Trademarks and Service Marks are owned by Western Union Holdings Inc., and are used with permission.
* Availability of funds is subject to applicable hold funds policies. Please refer any questions regarding applicable hold funds policies to your BMO representative.