Q: What are Canadian banking basics that I should learn?

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.

Question 1

What is BMO?

Accepted Answer

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.

Question 2

What are Canadian banking basics that I should learn?

Accepted Answer

BMO SmartProgresscan help grow your financial literacy knowledge with short financial education videos and tools. Learn more about topics like budgeting, credit management and investments.

Question 3

Why is building credit history in Canada so important?

Accepted Answer

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.

Question 4

Are there employment opportunities for newcomers at BMO?

Accepted Answer

BMO Newcomer Talent Program can help you find open roles at BMO and grow your professional career in Canada.

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