Is this right for you?

If you run a multi-outlet business and want to concentrate funds into one business account, FirstBank® Cash Concentrator Service can save you time and improve your cash management.

The Details

• Your various outlets deposit at pre-arranged BMO Bank of Montreal branches and the funds are automatically concentrated into your designated business account
• Comprehensive reports available in paper or electronic format.
• Reports details include:
  • Outlet number making the deposit
  • Deposit amount
  • Date the deposit is posted
  • BMO branch number where the deposit is made
  • Optional addendum field for your specific reporting needs.

Is there anything else I need to know?

• FCCS eliminates the need for field accounts
• FCCS improves cash management as idle funds are eliminated from various field locations
• FCCS saves you time: with this service you will have only one account to reconcile.

The Next Step

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