How to Pay Your BMO Line of Credit from RBC: A Comprehensive Guide

If you're an RBC customer who has taken out a line of credit with BMO, you may be wondering how to make payments. You'll be pleased to know that transferring funds to pay your BMO line of credit from RBC Bank is straightforward, thanks to the convenience of online and mobile banking. Alternatively, you can also call customer service. Here are the step-by-step procedures for each method.

Option 1: Paying BMO Line of Credit via RBC Online Banking

Online banking provides an easy, fast, and convenient way of handling your financial transactions from the comfort of your home or office. Paying your BMO line of credit is no different. Here's how:

• Log into your RBC online banking account.
• From your dashboard, locate and select the ‘Transfer Funds' option.
• In the ‘From' field, select the RBC account from which you want the funds to be withdrawn.
• In the ‘To' field, choose ‘Pay Bills and Transfer Funds,’ and then ‘Add Payee.’
• Search for ‘BMO line of credit’ and add it to your list of payees.
• Input the account number of your BMO line of credit.
• Enter the amount of money you want to transfer and confirm the transaction.

Option 2: Paying BMO Line of Credit via RBC Mobile App

Apart from online banking, you can also use RBC's mobile app to pay your BMO line of credit. Here are the steps:

• Open your RBC mobile app and log in using your credentials.
• Select the menu icon at the top and choose ‘Transfers’.
• Select the RBC account you want to transfer funds from.
• Select ‘Add Payee' then find ‘BMO line of credit’ in the list of businesses.
• Add your BMO account number.
• Enter the transfer amount, confirm the details, and approve the transfer.

Option 3: Paying BMO Line of Credit through RBC Customer Service

If you're not comfortable with online or app-based banking, you can also call RBC's customer service to make your payment. Here's how:

• Dial RBC's customer service number.
• Follow the automated prompts or ask to speak with a representative.
• Inform the representative that you want to make a payment to your BMO line of credit and give them the relevant account details.
• The representative will guide you through making the transfer.

No matter which method you use, paying your BMO line of credit from your RBC account is a simple process. It is important to ensure your payment information is accurate to avoid any problems with your payment or delays in processing.