For information concerning Bank of Montreal Harris online bank, please click here .
BMO Bank National Association ACH Number: 07102566
BMO Bank National Association is an FDIC insured institution headquartered at
320 S Canal St, Chicago, IL 60606.
It was founded in
1947 and has approximately $264 billion in assets. Customers can open an account at one of its 630 branches.
Get your money up to 6x faster than the industry standard*
Fixed rate on each draw*
No paperwork needed to apply
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Use your VA Loan benefits to get cash from your home equity
Get a personalized quote fast with instant uploads and 24/7 access
Over 300,000 verified 5-star reviews
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2025
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 16571
Date Established
1947
Assets
$ 263.65 billion
Loans
$ 146.05 billion
Deposits
$ 210.56 billion
Capital
$ 34.73 billion
Summary Balance Sheet as of December 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 27.00 billion
Interest-bearing balances
$ 23.78 billion
Total securities
$ 63.49 billion
Federal funds sold and reverse repurchase
$ 49.97 million
Net loans and leases
$ 146.05 billion
Loan loss allowance
$ 2.21 billion
Trading account assets
$ 138.98 million
Bank premises and fixed assets
N.A.
Other real estate owned
$ 35.11 million
Goodwill and other intangibles
$ 12.99 billion
All other assets
$ 7.02 billion
Total Assets
$ 228.93 billion
LIABILITIES
Total deposits
$ 210.56 billion
Interest-bearing deposits
$ 166.04 billion
Deposits held in domestic offices
$ 210.56 billion
% insured (estimated)"
50.24%
Federal funds purchased and repurchase agreements
$ 734.98 million
Trading liabilities
$ 312.25 million
Other borrowed funds
$ 11.31 billion
Subordinated debt
$ 500.00 million
All other liabilities
$ 2.27 billionn
Total Liabilities
$ 228.93 billion
Shareholders’ Equity
$ 34.73 billion
Summary Income Statement as of December 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 13.71 billion
Total Interest Expense
$ 6.49 billion
Net interest income
$ 7.22 billion
Provision for loan and lease losses
$ 682.83 million
Total non interest income
$ 1,437.08 million
Total non interest expense
$ 4.08 billion
Pre-tax Net Operating Income
$ 1,103.99 million
Customer Reviews for BMO Bank National Association (3)
Rated 1.00 stars out of 5 - based on 3 reviews
J Tremain
February 22, 2024 |
They gave me the new, lower CD rate even though I had opened the account online when the CD rate was 0.15% higher. I checked with Wells and they had even initiated the transfer before they lowered the rate. I called CSR and the rep who seemed to be in Mississippi said "it goes both ways, you understand." Just trying to get my money back from these folks now. Don't ever do business with BMO Alto.
Jen Y
April 1, 2023 |
Terrible! Their bill pay does not always pay on time. I set payments for a certain date and they did not arrive on the “guaranteed” arrival date. We ended up with late fees for our credit card not once but twice! Their resolution department promised to cover the fees, but never did. They instead made excuses as to why the bill was not paid in time. I’ve pulled my money from this account and will tell everyone I know about my experience.
ChicagoFinancials
January 20, 2023 |
Terrible, their website does not work, they advertise rates that they will not actually give you. Keep in mind I have banked here my entire life. Never wanted to go to a larger bank, but maybe they won't have me feeling like I am being scammed.
Branches
Click on location and enter new zip number to change."
Your current location is: Columbus, OH
J Tremain
February 22, 2024 |
They gave me the new, lower CD rate even though I had opened the account online when the CD rate was 0.15% higher. I checked with Wells and they had even initiated the transfer before they lowered the rate. I called CSR and the rep who seemed to be in Mississippi said "it goes both ways, you understand." Just trying to get my money back from these folks now. Don't ever do business with BMO Alto.
Jen Y
April 1, 2023 |
Terrible! Their bill pay does not always pay on time. I set payments for a certain date and they did not arrive on the “guaranteed” arrival date. We ended up with late fees for our credit card not once but twice! Their resolution department promised to cover the fees, but never did. They instead made excuses as to why the bill was not paid in time. I’ve pulled my money from this account and will tell everyone I know about my experience.
ChicagoFinancials
January 20, 2023 |
Terrible, their website does not work, they advertise rates that they will not actually give you. Keep in mind I have banked here my entire life. Never wanted to go to a larger bank, but maybe they won't have me feeling like I am being scammed.