Bank of Montreal headquarters is situated in Toronto which is a city in Canada. It started its operations in Montreal city. Being almost two hundred years old makes it Canada’s oldest bank. It ranks as the 4th largest financial institution in Canada. This is based on the deposits it possesses.

BMO as it is popularly known has over 900 branches. It has more than 7 million clients. Although its operations are mainly in Canada, it has other branches in Chicago and also other areas of USA.

The banking services of this institution are divided into three main categories. These categories are referred to as ‘client groups’. This is because each group targets and serves a different market segment.

The first group is personal and commercial client group. This is the section that handles the bank’s retail banking. It provides banking services to individuals and businesses in Canada. These services include savings, handling checks, mortgages, personal loans, debit cards and credit card services among others.

Insurances covers that the bank offers are also handled by this department. The covers include travel insurance covers and life insurance covers. Those wishing to save for retirement are offered income annuity cover. Mortgage life insurance cover is on offer for home protection upon demise of the cover holder.

Then there is investment banking group which handles the capital markets. This handles equity, securities and bond markets among others. The government and corporate companies are the main beneficiaries here. They get financial advice on how to invest in order to reap maximum benefits from their investments.

Private client group is the third category. It is also known as wealth management section. This department targets customers with a large asset base. Such clients are assisted in planning their estates. They are also helped to invest these assets according to individual criteria and financial goals. The department gives advisory services in the United States also.

BMO has a strong corporate social responsibility. Through sponsorships, donations and volunteering, it is able to invest in the neighborhoods. It makes donations to programs supporting culture, arts, health and education. Programs that support sports, community development and athletics are also sponsored. The bank also funds projects supporting environment protection and conservation.

Bank of Montreal offers banking services that are affordable and easy to access by customers. Customers can choose from a wide range of products. Their customer care staff are available to give answers to any questions that a potential client may have.

Useful Guide to top Canadian banks with detailed information on Bank of Montreal financial services.

Related Blogs