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How to Do a Wire Transfer with BMO: A Comprehensive Guide

Whether you need to support loved ones overseas, pay for an international purchase, or handle business transactions, wire transfers can come in handy. With BMO (Bank of Montreal), the process is secure, efficient, and user-friendly. Let's discover how to execute a wire transfer via online banking, mobile app, or by calling customer service.

Option 1: Online Banking

Online banking offers a convenient platform for initiating wire transfers. Here’s a step-by-step guide:

• First, sign in to your BMO online banking platform.
• Select the 'Payments & Transfers' tab on the main navigation menu.
• Choose 'International Money Transfer' or 'Global Money Transfer' as applicable.
• Select the account to transfer from, the amount to transfer, and the transfer destination.
• Enter the recipient's bank details.
• Review the details and confirm your transfer.

Online banking wire transfers typically process within 1-3 business days, based on the destination and currency of the transfer.

Option 2: Mobile App

For those who prefer banking on the go, BMO's mobile app facilitates easy wire transfers. The steps are:

• Login to your BMO mobile banking app.
• Tap on the 'Menu' icon and select 'Transfer Money'.
• Choose 'International Money Transfer' from the options.
• Provide the necessary transfer details.
• Review your transfer and proceed to confirm.

Note that transfers made via the mobile app adhere to the same processing times as transfers made through online banking.

Option 3: Call Customer Service

If you don't feel comfortable executing the wire transfer yourself, BMO's customer service is available to assist. Here's an overview:

• Reach out to BMO’s customer service line at 1-877 CALL BMO (225-5266).
• Authenticate your identity with the customer service representative.
• Inform the representative about your intention to make a wire transfer.
• Follow the instructions provided by the representative to complete the transaction.

Remember, wire transfers conducted via phone may entail additional fees and have different processing times.

Regardless of the method used, wire transfers are a reliable way to send money globally. By following this guide, you can effortlessly initiate wire transfers with BMO, whether through online banking, their mobile app, or by a simple phone call to customer service.