Bank of Montreal Canada

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The Bank of Montreal is Canada is the fourth biggest financial services provider in terms of deposits. It has a network of 900 branches across the country. It also operates in the US as BMO Harries and Harries Bank. Bank of Montreal Canada secured the 129th rank in the Forbes Global 2000 list.[br]

 

Bank of Montreal Canada: History

Incorporated in 1817, the Bank of Montreal is the oldest bank of Canada. With time, the bank shifted its operational headquarters from Montreal to Toronto. Since its establishment, the Bank of Montreal has been through a number of mergers and acquisitions to expand its operations.

Some of the major mergers the bank has been through include:

  • Commercial Bank of Canada (1868)

  • People’s Bank of Halifax (1905)

  • Bank of British North America (1918)

  • Merchants Bank of Canada (1922)

  • Harris Bankcorp (1984)

  • Purchase of GKST Inc (2008)

  • Purchase of AIG Life Insurance Company of Canada (2009)

Bank of Montreal Canada: Credit Cards

The bank offers the following credit cards:

 

AIR MILES: BMO AIR MILES MasterCard offers reward miles on all the card purchases. This card is available for free. One can also choose BMO Gold AIR MILES MasterCard that enables you to earn the rewards faster. These cards are acceptable at over 30 million outlets worldwide.

 

CashBack: Cardholders can take advantage of BMO MasterCard cash back rebates through BMO CashBack MasterCard. This card offers 0.5% cash back and comes without any annual fee. BMO Premium CashBack MasterCard allows you to earn rewards faster.

 

Student (SPC): Cards under this category are accepted at Student Price Card Ltd. retailers countrywide. Students can enjoy attractive discounts and also earn valuable CashBack® and AIR MILES®† reward miles. There is no annual fee involved.

 

No Fee: Bank of Montreal Canada offers five credit cards under this category. No-fee cards offer preferred interest rates that help you save on interest charges. One can also earn CashBack® rewards, AIR MILES®† reward miles and SPC®‡ Card discounts using no-fee credit cards.

 

Affinity Cards: The bank offers a range of affinity cards depending upon the customer’s requirements. For instance, cards are available for causes, such as animal welfare, education, community, agriculture and sports. These cards also allow you to earn rewards on every card purchase.

 

Prepaid: One can choose BMO Prepaid Travel MasterCard, which comes with zero liability. It is safer than cash or travelers’ checks and can be easily reloaded.[br]

 

Bank of Montreal Canada: Awards

Bank of Montreal has the following awards in its credit:

  • Best Employers for New Canadians (2009)

  • 2009 Best Practices Award in the data governance category by the Data Warehousing Institute (TDWI)

  • 2009 Lipper Award for the bank’s BMO Dividend Fund

 

 

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