How To Set Up E-Transfer With BMO: A Comprehensive Guide

The ability to send and receive money online quickly and safely is crucial in today's digital era. BMO (Bank of Montreal), one of Canada's leading financial institutions, furnishes a simple e-Transfer setup process through various channels. This article walks you through setting up e-Transfer with BMO via online banking, mobile app, and customer service.

Setting Up E-Transfer With BMO Through Online Banking

Setting up e-Transfer through your BMO's online banking is seamless and efficient. Follow these steps:

• Navigate to the BMO website and log in to your online banking.
• On the homepage, look for the 'Payment & Transfers' tab on the menu and select 'e-Transfers'.
• Click the option to 'Send e-Transfer' or 'Receive e-Transfer' as per your requirement.
• For sending, input the payee's email, the amount to transfer and write a note, if necessary. For receiving, you just need to wait till the sender sends you the money.
• Set and share (only with the recipient) a security question that the recipient will answer before accessing the funds.
• Review your transfer details to ensure accuracy, and then confirm the transfer.

Setting Up E-Transfer With BMO Through Mobile App

If you prefer doing banking transactions on the go, BMO Mobile app makes e-Transfers remarkably convenient. Here's how:

• Download and open your BMO Mobile app, and sign in to your account.
• Tap on 'Interac e-Transfer' under the 'More' menu.
• Select whether you want to 'Send Money' or 'Request Money'.
• For sending, enter the recipient's details, select the account to be debited, enter the transfer amount, and create a security question and answer. The recipient should be the only one to whom you communicate the answer to the security question.
• Once confirmed, tap 'Send Money'. For receiving, follow the prompts provided by the app once someone has sent you an e-Transfer.

Contacting BMO Customer Service For E-Transfer Setup

If you're not tech-savvy or face trouble setting up e-Transfer through online banking or mobile app, reaching out to BMO's customer service is an alternative. Here's how to get assistance:

• Dial BMO's customer service number - 1-800-363-9992 if you're in Canada or the USA, or +1-613-688-5560 if you're outside these areas. High-quality service is available 24/7.
• After reaching BMO's representative, share your issues, and they will guide you through the e-Transfer setup.
• Details required might include your account number, recipient's details for sending e-Transfers, or sender's details for receiving them. You will be guided to set a security question and answer that should be shared only with the intended recipient when you need to send funds.

Conclusively, whether you're tech-savvy or old school, setting up e-Transfer with BMO is hassle-free. With online banking, mobile app, and customer service assistance, you can pick the most convenient option and bank right from your comfort zone.