Bank of Montreal Outline

Bank of Montreal Outline

Bank of Montreal Outline

The Bank of Montreal is a very large bank, and is organized into many different departments. If you take a look at your chart you can see the different services that the Bank of Montreal provides.

There are two main categories of services:
• Personal Finance – This is for the individual.
• Business Banking – This is for small businesses and large corporations.

Personal Finance is composed of:
• Investments – which include Guaranteed Investment Certificates (GIC), term deposits, Registered Retirement Savings Plans (RRSP), Registered Education Savings Plans (RESP), and Registered Retirement Income Funds (RRIF).
• Loans – which include personal loans, Registered Retirement Savings Plans loans, Home equity loans and semi-revolving loans.
• Credit cards – BMO issues Mosaik MasterCard.
• Insurance – BMO offers life insurance, mortgage insurance, travel insurance, accident insurance, and illness insurance.
• Mortgages – BMO offers mortgages to their customers with a fixed or variable interest rate. BMO allows customers to apply for mortgages online.
• Online Banking – BMO offers online banking to its customers to provide 24/7 access to your money.
• Accounts and Plans – BMO offers banking solutions, with accounts, plans and services that are easy to understand, and are “flexible and convenient to use.”

Business Banking is composed of:
• Investments – include long-term, short-term, and daily investments to help your business’s money grow.
• Accounts and Plans – BMO offers the plans, accounts and services necessary for a successful business, and help tailor them for your business’s needs.
• Borrowing – BMO offers mortgages to businesses, small business credit cards, and loans to help get your business on its feet.
• Online Banking – BMO offers online banking to businesses, to quickly complete transactions and manage money safely and securely over the internet.
• Cash Management – BMO Bank of Montreal has developed a suite...