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How to Close Your BMO Account: A Comprehensive Guide

Are you thinking about closing your Bank of Montreal (BMO) account? Whether you're looking for a change, moving abroad, or just want to simplify your financial life, closing a bank account may be the right decision for you. This comprehensive guide will walk you through step-by-step how you can achieve this via online banking, mobile app, or by calling customer service.

Option 1: Close Your BMO Account via Online Banking

Online banking provides a convenient platform for BMO account holders to close their account. Though this option may not be immediately obvious, with a few steps, you can successfully close your account. Please follow these instructions carefully:

• Log into your BMO online banking account.
• Select the 'Customer Service' tab.
• Select 'Account Services' from the drop-down menu.
• Choose 'Close An Account' and follow the on-screen prompts.

Remember, before closing your account, ensure you've settled all pending transactions and transferred your funds to another account.

Option 2: Close Your BMO Account using the Mobile App

If you are more comfortable using your smartphone for banking operations, BMO’s mobile app is also an option. Here are the steps required:

• Sign into your BMO Mobile Banking app.
• Select the 'More' option from the menu.
• Select 'Close An Account' under the 'Account Services' section.
• Follow the prompts to complete the account closure.

Again, ensure there are no pending transactions and your balance is transferred to another account prior to closure.

Option 3: Close Your BMO Account by Contacting Customer Service

If you're not comfortable with online platforms or need additional assistance, you can always opt to close your BMO account by contacting customer service directly. Here's how to do it:

• Dial BMO’s customer service number: 1-800-361-3361.
• After entering your bank card number and password, press '0' to speak to a representative.
• Request to close your account and follow the representative’s instructions.

Remember to have your account information handy for verification purposes, and be prepared to answer security questions for your safety.

Final Thoughts

Closing a bank account, whilst it may seem complex, can actually be done quite simply with the proper guidance. Just remember, whatever your reasons for closing your BMO account, it’s crucial to ensure your account balance is zero, all automatic transactions are cancelled, and you're prepared with a new banking solution before you begin the process. Whether you choose the online banking, mobile app or customer service route, follow these steps closely and you should have a smooth transition. Safe banking!