Two countries. One cross-border bank.
Your banking comes together with BMO Wealth Management.
Get in touch with your BMO Wealth Professional today for more information, or let us contact you.
If you spend time in the U.S. and Canada you may need help taking care of your banking needs on both sides of the border.
As a BMO Wealth client, you have access to an extra level of support for your cross-border needs. Your BMO Wealth Professional and our integrated North American banking team can help make the complex matter of cross-border banking simpler for clients like you.
Consider your North American banking needs
Are you a frequent traveller to the U.S.?
You may need to:- Save U.S. dollars before you travel
- Access U.S. funds in the U.S.
- Transfer funds to the U.S.
- Shop with U.S. dollars
Do you live and work in the U.S.?
You may need to:- Take care of your day-to-day banking needs
- Buy a home
- Leverage the equity in your U.S. home
- Take care of your investment needs
Are you a Snowbird who likes to spend winters in the U.S.?
You may need to:- Save U.S. dollars before you travel
- Shop in U.S. dollars
- Transfer funds and pay bills in the U.S. and Canada
- Buy a vacation property
How cross-border banking comes together
Meeting your financial needs may mean having products on both sides of the border. Although Canada and the U.S. are similar in many ways, banking in the two countries can be very different. Your BMO Wealth Professional can help you understand and navigate these differences.
Whether you’re buying property or just want to take care of your day-to-day banking, BMO Wealth Management is here to help – on both sides of the border.
Why choose BMO
Here are a few ways we can help you enjoy your cross-border lifestyle.
Get an extra level of cross-border support
from your BMO Wealth Professional.
Make free, unlimited withdrawals
with a Canadian BMO Private Banking or U.S. BMO Harris debit card from the largest ATM network in the U.S. with over 40,000 Allpoint® Network ATMs throughout the country.1,2
Meet your day-to-day banking needs
wherever and whenever you want with online or mobile3 banking, and over 570 BMO Harris branches and 1,400 BMO Harris ATMs in eight States including Florida and Arizona.
Earn BMO Harris RewardsSM4,5
with a wide variety of BMO Harris Bank Mastercard® credit cards.
Get a U.S. mortgage
with the help of a mortgage banker specially trained in cross-border mortgages.
FAQs
-
Is banking in the U.S. the same as banking in Canada?
There are many similarities between banking in the U.S. and Canada but there are also differences. A couple of reasons for the differences are: 1) as a Canadian with your banking history residing in Canada, some of the processes for setting up accounts and applying for mortgages will be different than those for a U.S. citizen, and 2) some banking regulations are different in the U.S.
-
Why is it recommended that I start by talking to my Canadian BMO Wealth Professional about my U.S. banking needs?
Your Canadian Wealth Professional can help clients like you navigate the differences between banking in Canada and the U.S. They can put you in touch with BMO professionals in the U.S. who are specially trained to work with BMO Wealth clients.
-
If I’m in the U.S., could I go straight to a BMO Harris branch and set up a banking product?
At this time a BMO Harris representative won’t be able to see the relationship you have with BMO in Canada. But there is an easy solution. Simply contact your Canadian BMO Wealth Professional who will introduce you to a dedicated U.S. cross-border BMO team member and make sure your relationship with BMO Private Banking or BMO Nesbitt Burns is recognized in the U.S.
-
Are BMO Bank of Montreal, BMO Harris and BMO Wealth Management the same bank?
Yes. BMO Bank of Montreal, BMO Harris and BMO Wealth Management are all part of the BMO Financial Group. Because your Wealth Professional is familiar with your history, it is valuable to start your cross-border discussion with them so that your BMO relationship is recognized in both countries.
-
What transactions can BMO Harris branch employees perform for BMO customers who don’t have any BMO Harris accounts?
BMO customers who don’t have a BMO Harris account cannot transact with BMO Harris Bank. For an optimal cross-border banking experience, talk to your Wealth Professional who will help you meet your banking needs in the U.S.
-
What do I do if I need help in the U.S.?
As a BMO Wealth client, you have access to our High Value Client Service phone support if you need help in the U.S. Your Wealth Professional will provide you with the phone number. This phone service is available exclusively to BMO Wealth clients seven days a week from 8:00 a.m. to 8:00 p.m. ET. Of course, you can always call your Wealth Professional in Canada who would be happy to help you.
Want to find out more about cross-border banking?
Get in touch with your BMO Wealth Professional or let us contact you.
- BMO Financial Group (NYSE, TSX: BMO) is an integrated financial services provider offering a range of retail banking, wealth management, and investment and corporate banking products. BMO serves Canadian retail clients through BMO Bank of Montreal and BMO Nesbitt Burns. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and BMO Harris Bank N.A. and certain of their affiliates in providing wealth management products and services.
- BMO Private Banking is part of BMO Wealth Management and is a brand name under which banking services are offered through Bank of Montreal, investment management services are offered through BMO Private Investment Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal, and estate, trust, planning and custodial services are offered through BMO Trust Company, a wholly owned subsidiary of Bank of Montreal.
- BMO Nesbitt Burns Inc. provides comprehensive investment services and is a wholly owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt Burns Inc., please contact your Investment Advisor for more information. ® “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc.®
- ®"BMO (M-bar roundel symbol)" is a registered trade-mark of Bank of Montreal, used under license.
- Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
- Not all products and services are available in every state and/or location. BMO Harris does not provide mortgages in New York State. BMO Harris provides mortgages in Texas but does not provide refinancing.
- 1When using a BMO Harris debit card, Foreign Transaction Fees will apply at Allpoint® ATMs located outside of the United States.
- 2Clients with a BMO debit card (i.e., not a BMO Private Banking or BMO Harris debit card) may be charged a fee in the U.S.
- 3Message and data rates may apply. Contact your wireless carrier for details.
- 4BMO Private Banking clients are eligible to apply for BMO Harris Bank Mastercard® credit cards. BMO Nesbitt Burns clients with at least CDN $250,000 but less than CDN $1 million in investable assets with BMO are eligible to apply for the following cards: BMO Harris Bank Premium Rewards Mastercard®, BMO Harris Bank Platinum Rewards Mastercard®, BMO Harris Bank Platinum Mastercard®, and BMO Harris Bank Cash Back Mastercard®. BMO Nesbitt Burns clients with CDN $1 million or more in investable assets with BMO are also eligible to apply for the BMO Wealth Management Premium Rewards Mastercard®.
- 5Participation in BMO Harris Rewards subject to terms and conditions found in BMO Harris RewardsSM , Program Rules, available at: https://www.bmoharris.com/main/personal/credit-cards/rewards. The Account must be current and in good standing to accrue and redeem points. While points don’t expire, any accrued points will be forfeited upon Account closure.
- In the U.S., banking products and services are subject to bank and credit approval and are provided by BMO Harris Bank N.A. Member FDIC.
