- BMO PaySmart enables customers to turn their credit card purchases into smaller, interest-free monthly payments
The new feature offers customers the choice of different payment terms of either three, six or 12 equal monthly payments with no interest charges and a low monthly fee of up to 0.9 per cent. With PaySmart, purchases are made within existing credit limits, so no credit checks or approvals are required and cardholders continue to enjoy all the benefits of their credit card such as rewards and insurances.
With BMO PaySmart, customers will benefit from:
- A fully digital self-service feature through BMO Online Banking®
- Customers can set up an installment plan in a few easy steps with no set-up fee.
- No additional payments or statements involved, as installment plans are included in monthly credit card bills.
- Multiple installment plans can be set up and managed through online banking and installment plans can be cancelled at any time.
"BMO's new PaySmart feature provides customers with a predictable and convenient solution to help make their purchases and payments more manageable," said
"BMO's PaySmart is another example of BMO's Digital First strategy in action, focused on building a digitally-enabled, future-ready bank that drives real financial progress for our customers," said
PaySmart complements a host of digital capabilities focused on helping our customers make real financial progress, including BMO's Pre-Authorized Payments Manager, Same
For more information on BMO PaySmart visit bmo.com/paysmart
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in
Internet: www.bmo.com Twitter: @BMOMedia
SOURCE
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