Cross-Border Banking - BMO Private Wealth Canada

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Manage your banking both in Canada and the U.S.

As a BMO Private Wealth client, you have exclusive and direct access to a dedicated support team at BMO U.S. who specialize in cross-border banking. Your BMO Private Wealth professional will also collaborate with this team to ensure your cross-border banking is easy and seamless.

Dedicated
Gain exclusive access to a specialized team at BMO U.S.
Seamless
Bank on both sides of the border with confidence.
Convenient
Bank wherever you are with BMO Digital Banking (Canada and U.S.).

Benefits of cross-border banking with BMO

Here are a few ways we can help you enjoy your cross-border lifestyle.

Manage your U.S. day-to-day banking with a BMO U.S. chequing account

Withdraw cash, pay bills, transfer funds, and view your account balances.

Free and unlimited withdrawals from the largest network of ATMs in the U.S.

Withdraw USD from over 40,000 Allpoint^® Network ATMs throughout the U.S. using your BMO Canada Private Banking debit card or BMO U.S. debit card.^{footnote 11}^, ^{footnote 22}

Enjoy access to the BMO U.S. network

Check balances, view your accounts, withdraw funds and make transfers at over 1,000 BMO U.S. branches and 2,400 BMO U.S. ATMs in 32 states including Florida, Arizona and California.^{footnote 33}

Find the right BMO U.S. chequing account for you

BMO Smart Advantage Checking

Bank like you’re at home.

$0 monthly fee when you choose paperless statements^{footnote 33}
No minimum balance^{footnote 99} and only a $25 deposit required to open
Overdraft protection available
Free unlimited withdrawals at over 40,000 U.S. ATMs^{footnote 11}^, ^{footnote 22}

BMO Relationship Checking

Get rewarded with special customer benefits.

$25 waivable monthly fee^{footnote 44}
$25 monthly rebate on ATM surcharge fees from other banks
Overdraft protection available
Free unlimited withdrawals at over 40,000 U.S. ATMs^{footnote 11}^, ^{footnote 22}

Start the conversation

Answer a few questions about your wealth planning needs, and one of our BMO Private Wealth professionals will reach out.

Connect with a professional

How Canadian-issued bank accounts work with cross-border banking

Consider a BMO Canada U.S. dollar account. You can use it to save up for your next trip down south or to transfer funds to your U.S.-based account. Even better, you can open a U.S. dollar chequing or savings account under your existing BMO Everyday Bank Plan – at no extra cost. The BMO Everyday Bank Plan is offered by BMO Bank of Montreal and is insured by the CDIC. footnote star, star^**

footnote star star detailsBank of Montreal is not an entity of BMO Private Wealth.

How we take care of your cross-border banking needs

U.S. cash withdrawal and cheque deposit

Withdraw U.S. cash

Save in U.S. dollars in your BMO Canada U.S. dollar account before you travel to the U.S.
Transfer funds to your BMO U.S. chequing account.
Withdraw funds at over 40,000 ATMs throughout the U.S.^{footnote 11}^, ^{footnote 22}

Deposit U.S. cheques

Deposit cheques drawn on a U.S. bank into your BMO U.S. chequing account at a BMO U.S. branch or BMO U.S. ATM that accepts deposits, or when you download the BMO Digital Banking (US) app.^{footnote 55}^, ^{footnote 66}

Pay U.S. bills remotely

Manage your U.S. bills by setting up Bill Pay in BMO Digital Banking (U.S.)^{footnote 66} so that you can easily receive and pay your bills in U.S. dollars online.

You can set up almost any U.S. company or individual as a Biller and pay them through Bill Pay. Many Billers can be accessed through Bill Pay. Others may need to be added manually.
To add a Biller:
1. Log into BMO Digital Banking (U.S.) and click Pay & Transfer then Pay bills.
2. Click the Add New Biller link.
3. Enter the Biller Name and search using the magnifying glass.
4. If the Biller is not set up in BMO Digital Banking (U.S.), manually input the requested Biller information as follows: U.S. company name, U.S. address for the Biller, and account number if applicable.
5. Follow the prompts to confirm the Biller information and complete the set up.
It’s easy to pay your U.S. bills once they are set up as a Biller, simply:
1. Select Biller.
2. Enter the Payment Amount and enter the Date or use the calendar to select the due date.
3. Click Pay.
4. When confirmation screen appears, select Done.
To make a payment on your BMO U.S. credit card through BMO Digital Banking (U.S.) use the following steps:
1. Log into BMO Digital Banking (U.S.).
2. Click on Credit Card Payments.
3. Click on Make a one-time payment.
4. Choose the account you wish to make the payment from, the amount and date you wish to pay.
5. When the Preview screen comes up, select Make Payment.
To set up an automatic payment for your BMO U.S. credit card through BMO Digital Banking (U.S.) use the following steps:
1. Log into BMO Digital Banking (U.S.).
2. Click on Credit Card Payments.
3. Click on Set up automatic payments.
4. Choose the account you wish to make the payment from.
5. Select the automatic payment type (Minimum Payment or Statement Balance).
6. When the Preview screen comes up, accept Terms and Conditions and click Set Up Payments.

Cross-Border Transfers

BMO Canada to BMO U.S. Transfer

It’s fast and easy to transfer funds from your BMO Canada U.S. dollar account to your BMO U.S. deposit account through BMO Online Banking (Canada). View the demo or follow the steps below:

On your computer browser, sign into BMO Online Banking (Canada) and select Pay & Transfer, then select Account transfers.
Under the From account drop-down list, select the BMO Canada U.S. dollar account that you wish to initiate the transfer from. Under the To account drop-down list, select the BMO U.S. account that you wish to transfer the funds to.
In the box titled Amount, enter the amount you wish to transfer. In the box titled Reason, enter the reason for the transfer. Select Continue.
On the next screen you will confirm the transfer details and select Confirm Transfer.

Transfer U.S. funds from the U.S. to Canada

Use BMO Canada Wire, a quick, cost-effective way for Canadian clients to request a transfer from their BMO U.S. deposit account to their BMO Canada U.S. dollar account through BMO Digital Banking (U.S.).
Make wire transfers by phone after you set up a one-time Wire Transfer Agreement at a BMO U.S. branch or via mail. The BMO international wire transfer fee will be waived.

Start the conversation

Connect with a BMO Private Wealth professional about your needs.

Connect with a professional Find the nearest location

U.S. Cross-Border Banking footnote star^*

Manage your banking both in Canada and the U.S.

Benefits of cross-border banking with BMO

Manage your U.S. day-to-day banking with a BMO U.S. chequing account