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Financial institutions
LiveRetail & traditional banksCanada

BMO Bank of Montreal

By Bank of Montreal

BMO Bank of Montreal is one of Canada's five largest lenders, providing a comprehensive range of retail, commercial, and investment banking services to individual and business clients. The bank is currently undergoing a significant U.S. expansion focused on California and the West Coast, following its acquisition of Bank of the West. It serves a diverse clientele including newcomers, students, and Indigenous clients, while positioning itself as a leader in digital investing and long-term mortgage rate holds.

Last verified today
What it offers
  • Users can trade stocks and ETFs with zero commissions and no account holding fees through the BMO InvestorLine platform.
  • Customers can secure mortgages with a long rate hold period, choosing from approximately 15 different loan options and HELOC products.
  • Individual clients can open savings accounts with no monthly fees or minimum balance requirements to build their personal wealth.
  • Businesses can access commercial banking services across various industries, including credit facilities and professional talent support.
  • Retail customers can manage their finances through a network of over 1,000 U.S. locations and numerous Canadian branches.
Standout features
Zero-commission online stock and ETF tradingLong mortgage rate holdsExtensive California branch network expansionHELOC and diverse loan optionsSpecialized accounts for newcomers and students
Fees and rates

Free tier + $10/mo for select accounts. While basic savings accounts have no monthly fee, money market accounts charge $10 monthly unless a $5,000 daily balance is maintained.

Background

BMO is a long-standing Canadian 'Big Five' bank that recently expanded its U.S. presence significantly through the 2023 acquisition of BNP Paribas’s Bank of the West unit.

What's new
  1. 2026-09-14New profile

    BMO Bank of Montreal added to the directory

    BMO Bank of Montreal is one of Canada's five largest lenders, providing a comprehensive range of retail, commercial, and investment banking services to individual and business clients. The bank is currently undergoing a significant U.S. expansion focused on California and the West Coast, following i

    nerdwallet.com
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