Credit Card Balance Protection Enhanced
Get comprehensive coverage that can help you with your BMO credit card payments during unexpected events like disability, job loss, or death.41
Your optional coverage can help protect your credit card balance up to a maximum of $20,000 when a covered loss occurs. There may also be a benefit available when you are celebrating a new addition to your family.
How much does it cost?The monthly premium rate is $1.00 per $100.00 of your total statement balance for the billing cycle, plus applicable taxes.
Call 1-844-840-8142 to apply for coverage and get more information.
Chip Technology
BMO® debit and credit cards are more secure than ever thanks to chip technology. Chip debit and credit cards contain an encrypted microchip that is extremely difficult to counterfeit. Your personal identification number (PIN) provides even more protection.
Chip card technology has already been tested and implemented in over 92 countries in Europe, Asia, Latin America, Africa and the Middle East. The transition to chip card technology represents an evolution of the electronic payment system. Chip technology is designed to take security to the next level by making a safe payment system even safer.
BMO, along with other members of the payments industry, has been leading the transition to chip card technology in Canada. To better secure your personal information and in-branch transactions, BMO has installed chip & PIN terminals in all of our branches.
Canadian and U.S. stores and services will be equipped with terminals that process chip transactions over the next few years. All chip cards will continue to have a magnetic stripe on the back of the card. This means that you'll still be able to use your chip card at merchants who don't have chip terminals and in countries that have not yet adopted chip technology.
Mastercard Identity Check™*
Mastercard Identity Check offers an additional layer of security on your BMO Mastercard for all your online purchases. This enhanced level of security will verify your online purchases through a seamless process to ensure that your card is always protected Identity Check works with your existing BMO Mastercard and requires no download or registration.
Visa Secure
When you shop online and see the Visa Secure badge on participating merchant sites, this means your online purchases are secured with Visa. Visa has developed a program that helps confirm your identity when you make an online purchase. This service helps make shopping online more secure by protecting against unauthorized use of your Visa card.
Whether you’re using a desktop, mobile or other digital device, you may be guided through an additional check to verify your identity. This helps BMO know you’re really you, and it better protects you from fraud.
Learn more about Visa Secure.
Zero Liability
Have peace of mind knowing that you are protected from theft and fraudulent use of your card.30 If your card is used without your authorization, you will not be liable if:
You did not contribute to the unauthorized use- You used reasonable care to safeguard your card and PIN, and
- You notify us immediately after you learn of the loss, theft or misuse of your card or cheques, or after you suspected that someone else knows your PIN.
If you don't meet these criteria, you will be liable for all charges incurred in connection with the unauthorized use.Learn more about Mastercard’s Zero Liability protection and Visa’s Zero Liability policy.
