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How to Cancel a BMO Etransfer: An Easy Guide to Every Option

Online fund transfers have revolutionized the way we handle money. Etransfers from BMO, a popular banking institution, are noteworthy for their ease-of-use and convenience. However, you may find yourself in a situation where you need to cancel a BMO eTransfer. Don't worry, we've got you covered. This comprehensive guide will walk you through each method ie., via online banking, the mobile app, and calling customer service, making the cancellation process as simple as possible. Let's dive in.

Option 1: Canceling a BMO Etransfer Through Online Banking

If you're a fan of traditional online banking and prefer using a computer for transactions, this method is for you. Here’s a step-by-step guide:

• Create a login for the BMO Online Banking and reach the main dashboard area.
• Click on the ‘Payments & Transfers’ tab.
• Select the ‘Interac e-Transfer History’ sub-tab.
• From the list, find the pending eTransfer that you wish to cancel.
• Click on the 'Cancel' button next to the transaction.
• Follow any prompts that come up to confirm cancellation.

In situations where the eTransfer is already deposited, the cancellation process becomes impossible because the funds are already in the recipient's account.

Option 2: Canceling a BMO Etransfer Through Mobile App

The BMO mobile app is user-friendly and easy to navigate. To cancel an eTransfer:

• First, open the BMO mobile app and log in.
• After you access your account, click on the 'More' button in the bottom right corner.
• Under 'Banking,' you'll find an option labeled 'eTransfers.' Click on it.
• Next, go to eTransfer History.
• Locate the pending eTransfer that you need to cancel, and simply click 'Cancel.' Proceed to confirm this action.

If the eTransfer is already deposited into the recipient's account, you won't be able to cancel it. In cases of mistaken transfers, you will have to contact the recipient and request a return of the funds.

Option 3: Canceling a BMO Etransfer Through Customer Service

You can also cancel a BMO eTransfer by reaching out to BMO’s dedicated customer service team. This route is helpful if you find online systems a bit intimidating or have problems navigating via the app.

• First, dial the phone number 1-877-788-5900 or call the number located at the back of your BMO bank card.
• Wait for the automated voice response system and follow the instructions provided.
• Provide the necessary details, like your account number and other personal information.
• Request the cancellation of the eTransfer in question.

Always remember, customer service representatives are here to assist you, so don’t hesitate to seek their help with this task. Also, do not forget that once an eTransfer has been deposited, the cancellation is not possible via this method either.

Regardless of the method you choose to cancel a BMO eTransfer, always ensure to initiate the cancellation promptly to reduce the chances of the recipient depositing the funds.

In summary, BMO offers intuitive platforms and dedicated customer service for all your eTransfer needs. Whether you need to send, receive, or cancel an eTransfer, BMO has made it easy and stress-free.