Is this right for you?

A Business (Current) Account is available to business owners, professionals, organizations and institutions. It is a basic, operating account for your day-to-day banking needs.

This account is designed for customers who prefer to 'pay as you go' or whose banking needs cannot be covered within an Everyday Banking for Business Plan. Find out how to switch your banking hassle free.

The Details

• Cheques images are returned with your statement.
• Deposits can be made through:
  • a branch
  • Quick Deposit
  • Around the Clock Depository
  • by mail
  • through the Instabank®
• The account is available in Canadian or U.S dollars¹
• Pay as You Go fees

Additional Details - U.S. Dollar Business (Current) Account

BMO Bank of Montreal will be clearing all your U.S. Dollar Business (Current) Account cheques in Canada.
Customers who use US dollar cheques to make payments in the United States, should be aware that it may take additional time for billers to receive the funds from a CPA encoded cheque and BMO has no control or authority over this delay. There may also be an additional service fee charged to the biller by their financial institution. Additionally, some smaller US banks may not accept the CPA encoded cheques.

Does your business have frequent payments to U.S. suppliers/billers?
BMO Bank of Montreal is able to provide alternative U.S. cash management solutions. For example Harris Bank our affiliate in the United States² provides services to meet cheque clearing within the U.S.

The Next Step

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.

¹USD deposits are not eligible for CDIC deposit insurance.
² Harris Bank is a trade name used by Harris N.A. and its affiliates. Harris N.A. is a member of the FDIC. Products offered by Harris Bank are subject to their approval process.