Let’s break down some banking myths with Rohit Sharma
VIDEO: Myth – “BMO is only a regional bank”
Truth: Actually, BMO has branch locations across Canada.
VIDEO: Myth – “I can’t set up my finances in Canada until I get there”
Truth: We can help you find banking solutions before you even arrive in Canada.
How we can support you
BMO can help you find the right banking solutions for your needs
Permanent residents/foreign workers
Learn MoreWe can help you get settled, save and set up for the future.
Why choose BMO
Easy digital banking
Do your banking easily with BMO Digital Banking and our award-winning app.
A bank you can trust
We've been in the financial sector for over 200 years, so you can trust we'll keep your money safe.
In-person support
We have more than 850 branches and over 3,250 ATMs across Canada to serve you.
How we protect you
Your security is our priority. We work hard so you can make real financial progress with peace of mind.
What you should know
Banking in Canada is a little different. Check out our guide to Canadian banking basics.
Bank Accounts
There are two main types of accounts in Canada: chequing and savings.
INTERAC e-Transfer®
INTERAC e-Transfer® transactions are an easy way to send money in Canada.
Credit History
Building credit history in Canada helps you apply for credit products like loans.
Pre-arrival Account Opening
You can open a chequing account and an International Student GIC (if required) before arriving in Canada
Debit cards
A debit card is a payment card linked directly to your chequing account.
Global Money Transfers
Send money internationally with convenient digital banking.
What you can do with our app
Once you arrive, you can set up our award-winning mobile banking app and:
Pay your monthly bills- Send money with unlimited BMO Global Money Transfers
- Check your credit score with CreditView® and more!
FAQs
The Bank of Montreal (BMO) is the eighth-largest bank in North America by assets. We operate across Canada (not just in Montreal) and some parts of the United States. We provide personal and commercial banking, global markets, and investment banking services to 13 million customers across North America.
BMO SmartProgress™ can help grow your financial literacy knowledge with short financial education videos and tools. Learn more about topics like budgeting, credit management and investments.
If you're looking to apply for a mortgage, buy a car, or lease an apartment your credit score may determine whether you’ll be approved or not. A credit score is a three-digit number that represents how creditworthy you are and is determined by a variety of factors. In Canada, credit scores range from 300 to 900, with scores above 735 considered very good and above 760 is excellent. Maintaining a good credit history means you’ll have a good credit score.
The BMO Newcomer Talent Program can help you find open roles at BMO and grow your professional career in Canada.
What to do next
Plan your finances
We can help you have a smoother financial journey to Canada.
Send us an email
We'd be happy to answer your questions over email.
Visit us in person
Our multi-lingual staff will make you feel at home here in Canada.
CreditView® is a service provided to you by TransUnion. Using this service does not impact your credit score. This service is being made available to you as a customer of BMO (“Bank of Montreal”) at no additional charge.
CreditView® is a trademark of TransUnion LLC.