- BMO's digital Real Financial Progress Hub provides access to
tools and resources designed to help consumers get ahead – and stay
ahead – financially
- Unique products and services designed to support customers'
financial progress now available in new markets
ANGELES, Nov. 6, 2023 /PRNewswire/ - BMO today
announced the launch of its digital Real Financial Progress
Hub, a resource that allows customers to easily access personal
finance advice and guidance, as well as tools and resources to
reach their own specific financial goals. In addition to helping
customers budget and set financial targets, the digital Real
Financial Progress Hub connects customers to BMO's innovative
products and services available nationwide.
"For the first time, our customers can explore any financial
goal and even multiple goals at once – whether it's budgeting,
saving, homebuying, retiring, building credit and more – from one
easy-to-navigate digital platform. We have brought all of our
personal finance resources into one convenient spot to make
financial progress easier," said Paul
Dilda, Head of U.S. Consumer Strategy at BMO. "As we welcome
new customers across the Western United
States to BMO, we are proud to bring them our innovative
products and services that were built with customers' progress in
BMO's digital Real Financial Progress Hub helps
- Save to create financial stability: Learn how to manage
everyday finances, start an emergency fund, build wealth for the
future, and discover what bank accounts can best help reach those
- Budget for goals: Resources include monthly expense
tracking, creating a 50/30/20 budget – which divides income into
suggested spending categories – and preparing for big
- Plan for the future: From homeownership to retirement,
learn how to make a financial plan for life's biggest moments.
- Understand how to build and sustain credit: Learn about
terms, interest rates, and repayment plans on loans, lines of
credit, and mortgages.
Additionally, the digital Real Financial Progress Hub
includes the latest results from the BMO Real Financial Progress
Index, a quarterly indicator of how consumers feel about their
personal finances and whether they are making financial progress.
The index aims to spark dialogue that will help consumers reach
their financial goals and to humanize a topic that causes anxiety
for many – money.
BMO's low- and no-cost offerings
expanded to new markets
The following digital products and services are now available
nationwide and supported in-person throughout the 22 states where
BMO now operates more than 1,000 branches, following BMO's
acquisition of Bank of the West – including Arizona, California, Colorado, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Minnesota, Missouri, Nebraska, Nevada, New
Mexico, North Dakota,
Oklahoma, Oregon, South
Dakota, Utah, Washington, Wisconsin, and Wyoming:
- BMO Savings Builder Account: Reach financial
goals with no monthly maintenance fee and get rewards when savings
goals are met to help customers reach their goals faster.
- BMO Smart Money™: A low-fee checking account with
no overdraft fees that was awarded Bank On certification. Bank
On's standards include low costs, no overdraft fees, transaction
capabilities such as a debit or prepaid card, and online bill
- BMO Smart Advantage Checking Account: A no monthly
maintenance fee or minimum monthly balance checking account with
unlimited transactions at 40,000+ ATMs nationwide.
- BMO SmartProgress: A free online personal finance
education platform that breaks down complex financial concepts like
investing, retirement planning, homeownership and credit
- BMO Total Look: Manage all BMO and non-BMO
financial information – from bank accounts to credit cards,
mortgages to loans, and investments – all in one secure
- BMO CreditView: A no-fee way to access your full credit
report, learn how financial decisions might impact your credit with
TransUnion ScoreSimulator®, and learn how to build credit with
credit building tips.
- BMO Cash Back Rewards Cards: Refreshed this year
to offer increased rewards on everyday spending.
- Credit Builder Account: A program that makes it
easy to make on-time payments so you can build your credit rating
in the process.
BMO customers can also access the above products, services, and
resources nationwide through BMO Digital Banking.
To learn more about BMO Personal Banking, visit
About BMO Financial
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.25 trillion as of July 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to over 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
SOURCE BMO Financial Group