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Home  »  Banking in Canada  »  Bank of Montreal

Bank of Montreal


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The Bank of Montreal (French: Banque de Montréal), commonly BMO in either official language), or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded in 1817 in Montreal, making it Canada's oldest bank. BMO's Institution Number (or bank number) is 001.


In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. The company also has substantial operations in the Chicago area and elsewhere in the United States, where it operates as Harris Bank and as BMO Harris. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns. BMO maintains its official legal corporate head office in Montreal, located on Saint-Jacques Street. However, the Chairman and President and most senior division executives work out of Toronto headquarters at First Canadian Place. Under the direction of the Toronto executive, the Montreal Place d'Armes office oversees the bank's economic (and, to some extent, political) relation with the province of Quebec.

The bank has carved a niche for itself as a leading global financial firm, one which delivers insightful solutions to clients combined with an extended global reach and a strong emphasis on building long term relationships. The bank's coverage specialists and product professionals work together to leverage Bank of Montreal's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income.

The BMO's Head Office is located on Saint Jacques Street in Montreal, Quebec, Canada, across the Place d'Armes from Notre-Dame de Montréal Basilica. BMO's operational headquarters moved to First Canadian Place on Bay Street in Toronto in 1977, while its legal head office remained in Montreal.

Bank of Montreal HQ Location Map

Bank of Montreal
HQ Address: BMO Financial Group
Corporate Communications
302 Bay St., 10th Floor
ON M5X 1A1
Toll Free: 1-877-225-5266
Tel: +1 514 877 7738 (from overseas)
Banking Hours:
Monday - Friday 10.00am - 4.30pm


Bank of Montreal is 'Schedule I Banks' in Canada. In Canada, the Schedule I Banks are defined as banks that are allowed to take deposits, and are not subsidiaries of a foreign bank. Therefore, Schedule I Banks are the true Canadian banks, as the financial institution must be established within Canada to be considered a Schedule I bank which may be eligible for deposit insurance provided by the Canadian Deposit Insurance Corporation.



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