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Some Banks May Ask, What's Wrong With Paying the Price of a Latte For Your Student Banking Plan? BMO Bank of Montreal asks students, “Why pay anything at all?”

Some banks boast that their student banking plan costs $3.45 – less than the cost of a latte for 25 transactions a month. BMO Bank of Montreal offers a better plan – 30 transactions per month absolutely free!! Additionally, under BMO's student package, students receive cheque return and one Interac Email Money Transfer.

“We all know school can get expensive,” said Sid Chopra, Director, Everyday Banking. “Our plan helps students concentrate on what's most important – getting an education. Our message to students is, ‘let's have a conversation about how we can help you meet your financial needs.'”

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $356 billion as at January 31, 2007, and more than 35,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal, and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking. BMO Capital Markets, our North American investment and corporate banking division, provides a full suite of financial products and services to our North American and international clients. In the United States, BMO serves clients through Chicago-based Harris, an integrated financial services organization that provides more than one million personal and business clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services.

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