BMO Business Banking FAQs

You can use Business Bill Pay for a wide range of business expenses including utility bills, vendor invoices, contractor payments and rent.

Yes. With Pay Bills, you can use a credit card to pay bills and invoices. Benefits include: 

• Extended cash flow: Defer cash payments by charging them to your credit card.  
• Potential rewards: Earn points, miles, or cashback depending on your credit card.

Credit card bill payments are offered by the bill payment service provider. Each card-funded bill payment incurs a 2.99% fee. 

No. Some payments can’t be funded with a credit card, including payments to individuals and payments in industries where card funding is prohibited.

You can use both BMO and non-BMO business credit cards in Business Bill Pay. 

To add a credit card to your Business Bill Pay account: 

1. Go to Settings
2. Select Funding methods 
3. Choose Add card
4. Enter your card details and assign users 

Yes, you can pay vendors electronically, via ACH bank transfer. You can also pay by paper check, if you prefer.

Yes. You can choose your funding method while vendors receive payments via their preferred method. For verified vendors in our network, their preferred payment method is set automatically. They’ll receive payments electronically or by paper check based on their preference, without you needing to manage the details.

This is the date when funds are withdrawn from your account. This is also the date on which we will issue and mail the check to your vendor. Funds are always debited 5 business days prior to the Estimated deliver by date. By changing the Estimated deliver by date, you can choose when the funds will be debited, avoiding surprises from unpredictable vendor deposits.

Securing funds in advance allows us to issue a protected check on your behalf, reduces your exposure to fraud, and helps prevent payment failures that could disrupt your business. The check is delivered to the vendor five business days after the funds are debited.  

When setting up a check payment, you can change the Estimated deliver by date. This automatically changes the debit date in real-time, helping you avoid surprises from unpredictable vendor deposits and giving you more control over your cash flow.  

The Estimated delivery date shows when your vendor is expected to receive the payment. Actual delivery times may vary.

If you’re enrolled in the Pay, Bill & Sync plan, you can connect your accounting software to sync bills, payments, and vendors. Once connected, two‑way sync runs automatically, helping you save time and avoid duplicate data entry. Supported accounting software includes QuickBooks^®, Xero^® and NetSuite^®.

To connect your account:

1. Go to Settings
2. Select Sync and import
3. Choose your accounting software
4. Select Connect

Yes. Instead of manually entering bill details or uploading invoices, you can have invoices sent directly to your account using your unique invoice‑to‑email address. You can forward invoices yourself or share the email address with your vendors. Any attached invoices are automatically added to your Bills tab as new bills, ready for review and payment.

You can find your invoice-to-email address in Settings or in the Pay Bills tab.

The invoice is automatically scanned and a bill is created for payment. You can then review the bill, verify the details are correct and schedule payment.  

Newly created bills that require your review will appear as a new task under the Notifications section. 

Yes, you can sign up to receive eBills from your vendors. New eBills will automatically appear in the Pay Bills tab.

Yes, you can set up AutoPay for your bills. Recurring payments will appear in the Activity tab.

Yes. You can schedule multiple payments at once from the Vendors tab.

To schedule multiple payments: 

1. Go to the Vendors tab 
2. Select the vendors you want to pay. The number of selected vendors and total amount due appears at the bottom of the page. 
3. Select Review and pay to continue 
4. Review and adjust the selected payments as needed. When you're ready, the total amount due appears in the top right.  
5. Select Confirm and pay to schedule your payments in bulk

BMO business checking accounts are eligible to enroll in Business Bill Pay.

No. Business Bill Pay is only available when logged into a business profile.

Business Bill Pay offers three plans designed to support different business needs. 

Pay Plan 

• Unlimited free ACH bill payments 
• Credit card payments (with a fee of 2.99% of the transaction amount) 
• 1 Administrator account 
• 1 Shared User account 

Pay & Bill Plan
Includes everything in the Pay Plan, plus: 

• 1 additional Shared User account (2 total) 
• Accounts receivable (invoicing) for a fee of 0.5% of the transaction amount, with a $2.00 maximum per invoice

Pay, Bill & Sync Plan
Includes everything in the Pay and the Pay & Bill Plans, plus: 

• 1 additional Shared User account (3 total) 
• Additional shared users for $10 per user per month 
• Automatic sync with supported accounting software