BMO Private Banking offers ATM convenience package
BMO Private Banking is offering its Canadian clients free access to over 40,000 ATMs across the US and Puerto Rico.
BMO’s Canadian clients are high-net worth individuals and families.
The initiative is part of a partnership with Allpoint, the world’s largest surcharge-free ATM network.
BMO Private Banking clients can find the nearest participating fee-free ATMs in the US – including BMO’s existing fleet of more than 1,300 ATMs – using the BMO Harris Bank online locator.
John Turner, director banking, deposits and payments, at BMO Private Banking, said: “Many of our clients spend a great deal of time in the U.S. – whether it is living there for the winter, a vacation or visiting their children who attend American post-secondary institutions – and want simple and cost effective cross-border banking solutions.
“Over 25 per cent of BMO Private Banking households make a withdrawal at a U.S. based ATM. This offer is another big step forward in meeting that need.”
Turner added that the announcement is a strong addition to BMO Private Banking’s all-inclusive Platinum Banking plan, a comprehensive package of banking services that includes a dedicated private banker.
Brian Bailey, managing director – North America, Cardtronics, said: “BMO is the first Canadian bank to use the Allpoint ATM network to offer its customers convenient, cross-border cash access when traveling to the U.S. and Puerto Rico. We are honoured to help make cash access convenient and easy for BMO Private Banking clients.”