This feature is available on the bank’s mobile app. Each international transaction is priced at 5 dollars. This fee is owed to customers until January 31, 2022. Bank accounts to Canadian newcomers, BMO Premium and Private Banking customers, continue to function for free past the deadline. There are a lot of services to use, such as a currency watchlist and the ability to set up recurring transactions. When most of our customers were digitally active, we envisioned a new feature that could send money abroad through the mobile app, said Gayle Ramsay, the boss of everyday banking at BMO. When the holidays are over, a great time to meet with your loved ones is important to our clients, especially in the holidays. BMO has the intention of meeting customers where they are and providing convenient digital solutions to meet their daily banking needs. The new service is based on the financial companies promise to digitalize the customer experience. In addition to several other past activities it has been partaken, like making customers take selfies to verify new accounts in the hopes of closing the gap. Photo of ShutterStock. Source: BMO.
