How do I know whether Private Banking is right for me?

With Private Banking, you’ll have a Private Banker who is passionate about creating solutions for those who have a high income, have achieved, or are approaching, a high net worth. They manage your banking and borrowing needs, because your wealth tends to generate more sophisticated solutions. Your Private Banker will ask questions and explore a range of options – from taking out a mortgage to leveraging existing assets that may provide more tax efficiency – before making a recommendation, or introducing you to the appropriate professional, to ensure you get the advice and services you need.

Is Private Banking a one-size-fits-all approach?

Not at all. We understand that each banking and borrowing solution is unique. Whether you’ve accumulated significant wealth, or on your way to achieving it; whether you have personal and business needs or just personal needs, Private Bankers have many different options to draw from when developing a banking plan for you. To recommend the best approach, they will ask you questions so they have a complete view of your financial goals and situation and will engage other experts on the team as required to help you meet your goals effectively. They will provide you with a banking plan that covers your banking and borrowing needs. They’ll offer recommendations on how to manage your money in ways you may not have considered, like how to structure a loan so that it optimizes your cash flow.

I have a bank account with BMO now; how is the high net worth banking offer different?

One of the key differences is that you’ll have a dedicated Private Banker who will focus on understanding your goals and will partner with you to develop banking solutions that meet your needs. This goes beyond everyday banking and includes a full range of customized banking, lending and payment solutions. As well, there are many banking features that are not included in a typical bank account, including: Unlimited personal, business and business holding company bank accounts with the highest daily access limits. Preferred exchanges rates. Free and unlimited access to a global network of select ATMs. Exclusive offers on our most premium credit cards. Customized lending solutions.

Private Banking - BMO Private Wealth Canada

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Exclusive private wealth solutions

Leverage personalized assistance, tailored solutions, and a comprehensive suite of banking services designed to meet your personal and business goals. Our dedicated Private Bankers are here to understand your unique banking needs and provide access to our exclusive banking services.

Relationship-led
We work to understand you and provide solutions for your complex needs.
Industry-leading expertise
BMO has been recognized as the Best Private Bank in Canada footnote star^* since 2011.
Bespoke solutions
Financial management solutions tailored to suit your current and future needs.

What will my Private Banker do for me?

Your Private Banker is a dedicated professional who will lead a team of experts to deliver customized Private Banking solutions that work for you and your lifestyle, in matters related to:

Bank accounts
Online banking
Credit cards and other credit products
Investment lending
Mortgages for investment or recreational properties
Cross-border banking

Our expert advice and guidance

Our cross-border solutions allow you to bank on both sides of the border with ease. To ensure you get the right banking and borrowing solutions, we work with our dedicated U.S. partners to deliver seamless solutions to help with everyday money management.

Customized banking

We meet all your banking needs with the following specialized and exclusive solutions including:

The advice and support of a dedicated banking professional who understands your needs, circumstances and goals
Cash management solutions to simplify personal and business needs
Preferred exchange rates, personalized loans and unlimited access to a global network of select ATMs
Personal, business and personal holding company bank accounts

Customized borrowing

You’ll receive customized lending solutions to help you take advantage of opportunities to use your wealth efficiently. Depending on your needs, your Private Banker can deliver:

A borrowing strategy that optimizes your cash flow by making use of the value of your assets
Support with traditional mortgages, credit cards and lines of credit
Expertise to accommodate large specialty loan services in Canadian or U.S. dollars
Personal and business lending solutions

Start the conversation

Answer a few questions about your wealth planning needs, and one of our BMO Private Wealth professionals will reach out.

Connect with a professional

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BMO Trust Company’s Continuity Program can provide you with customized daily financial management solutions including bill payments, income tax preparation, investment management and banking and concierge services.

The Continuity Program also offers Powers of Attorney and estate administration services to help with your parents’ affairs.

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Commonly asked questions

With Private Banking, you’ll have a Private Banker who is passionate about creating solutions for those who have a high income, have achieved, or are approaching, a high net worth. They manage your banking and borrowing needs, because your wealth tends to generate more sophisticated solutions.
Your Private Banker will manage your banking and borrowing needs – from taking out a mortgage to leveraging existing assets that may provide more tax efficiency – before making a recommendation, or introducing you to the appropriate professional, to ensure you get the advice and services you need.
Not at all. We understand that each banking and borrowing solution is unique. Whether you’ve accumulated significant wealth, or on your way to achieving it; whether you have personal and business needs or just personal needs, Private Bankers have many different options to draw from when developing a banking plan for you.
To recommend the best approach, they will ask you questions so they have a complete view of your financial goals and situation and will engage other experts on the team as required to help you meet your goals effectively.
They will provide you with a banking plan that covers your banking and borrowing needs. They’ll offer recommendations on how to manage your money in ways you may not have considered, like how to structure a loan so that it optimizes your cash flow.
One of the key differences is that you’ll have a dedicated Private Banker who will focus on understanding your goals and will partner with you to develop banking solutions that meet your needs. This goes beyond everyday banking and includes a full range of customized banking, lending and payment solutions.
As well, there are many banking features that are not included in a typical bank account, including:
- Unlimited personal, business and business holding company bank accounts with the highest daily access limits
- Preferred exchanges rates
- Free and unlimited access to a global network of select ATMs
- Exclusive offers on our most premium credit cards
- Customized lending solutions.

Start the conversation

Connect with a BMO Private Wealth professional about your needs.

Connect with a professional Find the nearest location

BMO Private Banking

Exclusive private wealth solutions

What will my Private Banker do for me?

Our expert advice and guidance

Customized banking

Customized borrowing

Start the conversation

Caring for aging parents? Consider BMO Trust Company’s Continuity Program

Related articles

Commonly asked questions

Start the conversation

BMO Private Banking

Exclusive private wealth solutions

What will my Private Banker do for me?

Our expert advice and guidance

Customized banking

Customized borrowing

Start the conversation

Caring for aging parents? Consider BMO Trust Company’s Continuity Program

Related articles

Commonly asked questions

Is Private Banking a one-size-fits-all approach?

I have a bank account with BMO now; how is the high net worth banking offer different?

Start the conversation

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