Private Wealth Cross-Border Solutions

Cross-border banking means having the right solutions in place in both Canada and the U.S. so that you can seamlessly transact on both sides of the border. With bank accounts on both sides of the border, and a U.S.-issued credit card, you can pay U.S. bills wherever you are, shop in U.S. dollars, withdraw U.S. funds in the U.S., and much more. If you are a Canadian who spends time in the U.S., having the right bank accounts, credit cards and borrowing solutions can help you meet your financial needs more easily.

There are many similarities between banking in the U.S. and Canada but there are also differences. A couple of reasons for the differences are: 1) as a Canadian with your banking and credit history based in Canada, some processes for setting up accounts and applying for mortgages will be different than those for a U.S. citizen or U.S. resident, and 2) Canada and the U.S. each have their own banking regulations and laws.

Your BMO Private Wealth professional will introduce you to a dedicated support team at BMO U.S. who specialize in cross-border banking for Private Wealth clients. Collaborating with this team, they will help you navigate the differences between banking in Canada and the U.S.

A BMO U.S. branch representative won’t be able to see the relationship you have with BMO Private Wealth. You will miss out on exclusive support and benefits that are available to you as a BMO Private Wealth client. But there is an easy solution. Instead, contact your BMO Private Wealth professional who will introduce you to a dedicated support team at BMO U.S. who specialize in cross-border banking for Private Wealth clients. The team will set up the U.S. banking solutions best suited for you and also serve as your direct support for ongoing servicing and any questions you may have.

BMO Canada clients who don’t have a BMO U.S account can’t transact with BMO U.S. For an optimal cross-border banking experience, talk to your BMO Private Wealth professional who will introduce you to a dedicated support team at BMO U.S. who specialize in cross-border banking for Private Wealth clients. The support team will set you up with the U.S. solutions best suited for your banking needs.