- Canadians are leaving money on the table with monthly banking fees
- BMO launches new account option for families to help them make real financial progress
"In listening and having conversations with our customers, we understand that a lot of Canadian families are feeling financial pressures as a result of the pandemic. We heard, too, that they can find themselves challenged between knowing what they should be doing to reach their financial goals and having a hard time doing it," said
In a new BMO survey taking the pulse on Canadian banking habits, nearly 40 per cent of Canadian families revealed that the total number of chequing accounts in their household sits somewhere between two and five. When looking at fees for those accounts, over a quarter (27 per cent) of Canadian families indicated that they are paying between
With BMO's new Family Bundle offering, when one member of the household has a BMO Premium or Performance chequing account, family members can open their own separate chequing accounts without paying monthly fees, all while maintaining individual account privacy – it's one household and one monthly fee. All account holders under the Family Bundle receive unlimited, no-fee daily transactions, including Interac e-Transfer ® transactions.
To learn more or to open an account with the BMO Family Bundle and earn up to
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $974 billion as of July 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking,
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