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Bank online, anytime

You need to spend your time focused on growing and managing your business. Online Banking for Business can help – by making cash flow management efficient and secure. Time is money – we can help you use both wisely.



Best for

Whether you conduct business on the go, after hours, from an office or a warehouse floor, Online Banking for Business helps you manage your money efficiently and securely – so you can spend more time actually managing your business.

  • Transferring funds electronically
  • Paying bills and transferring funds
  • Filing taxes
  • Depositing cheques remotely
  • Managing both Canadian and U.S. funds from one place
  • Initiating payroll source deductions

Your banking experience

You require access to timely and accurate information in order to manage your business’s cash flow most effectively. Our Online Banking for Business platform is your gateway to a suite of online services that give you quick, easy access to that information and can help you determine your cash position, make payments, move funds and identify opportunities for investment or debt repayment.

 

We understand how vital online banking is to your business, which is why we’re rolling out ongoing enhancements, and introducing a suite of innovative new features. Together, these will provide you with improved performance, easier navigation and advanced business banking technology to elevate your overall online banking experience.


Details & Benefits

 

 

Key Features

Key Features & Benefits

Convenient around-the-clock access1 to real-time account information, cash management reports, 190 days of historical data for account information and 100 days of historical data for cheque images

 

Protect your data with a multi-level security system with user IDs, passwords, 256 bit encryption and a secure token authentication device for payments

 

Control who has access to your accounts by assigning user permissions and overseeing users and passwords

 

Set-up and delete users quickly and easily and safeguard information by limiting user access by account, transaction type and dollar amount

 

 

 

 

Transfer funds in real time between BMO Canadian and U.S.-dollar accounts

 

Flexibility to add additional services as your business needs change

 

Mobile Wire Approvals service allows you to action pending wire payments safely and securely while away from the office

 

View, download or print electronic statements and reports

 

Receive timely alerts by email and text messages on key transactions and activities

Administrative & Payment Function

Administrative & Payment Functions

 

Easy to use administrative tools allow for quick and simple set-up and deletion of users, plus the ability to create customized user profiles and assign individual access to accounts and services. Online Banking for Business provides the tools you need to control access to entitled users and manage risk.

Pay Bills and Transfer Funds
  • Complete up to 50 bill payments at one time
  • Transfer funds between your BMO accounts
  • Send and receive funds to and from other financial institutions in Canada and around the world
  • Cancel a payment
  • Investigate a bill payment
  • View and manage your future dated bill payments
  • Set up a recurring transfer
  • Cancel a recurring transfer
  • Manage your payee list, including setting up a nickname for each of your payees
  • View your payment history
  • View your session history
Tax Payment and Filing Service

The Tax Payment & Filing service allows you to initiate payroll source deductions, corporate income tax, GST, PST, and HST payments directly from your BMO Bank of Montreal business account.

 

With this simple, fast and flexible way to file and pay government taxes, you can make payments online 24/7, future-date payments up to a year in advance to avoid penalties and access up to 13 months of tax payment history.

 

Technical Requirements

Technical Requirements

 

Operating System Requirements

Online Banking for Business can be accessed from anywhere in the world. You must have a 486/66-Mhz processor or higher with a Windows® based operating system (Windows Me, NT® 4.0 with SP6a and higher, 2000, XP or Win 7).

 

Online Banking for Business is best viewed with Microsoft Internet Explorer™ with 128-bit SSL encryption.


 

1 Subject to interruptions in online systems or in power supply or any other factor or event beyond the control of Bank of Montreal

 

 

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