News Releases

TORONTO, ONTARIO--(Marketwired - June 27, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing a financial tip every day in the summer to help Canadians make the 'BMOst of summer' in 2013.

BMOst of Summer Financial Tip of the Day: Get more out of your travel rewards program this summer.

According to a recent BMO Bank of Montreal survey the majority (85 per cent) of Canadians said they spend a lot of time looking for deals to pay for their vacations. This summer, make use of a flexible loyalty rewards program that lets you redeem reward currency for flights, cruises and other package holidays, train travel, hotel stays, passes to local attractions, and even instant savings on your fuel purchases.

"For Canadians who have been bitten by the summer travel bug, focusing on affordability continues to be top-of-mind," said Nick Mastromarco, Director, BMO Bank of Montreal. "Consider using your loyalty rewards to upgrade your travel experience or to help offset summer travel costs."

Mr. Mastromarco added that if you don't have enough points to redeem for your trip, BMO Rewards allow you to use what you have and then "top-up" with cash - for any amount.

BMO offers a number of products and services that can help Canadians get more out of every dollar they spend this summer. For more details on how to make the 'BMOst of Summer,' drop by a BMO branch or visit www.bmo.com.

Survey results cited in the 2013 BMO Spring Travel Survey are from online interviews with a random sample of 1,000 Canadians 18 years of age and older, conducted between February 25^th and 26^th, 2013. As a guideline, a probability sample of this size would yield results accurate to ± 3.1 per cent, 19 times out of 20. Data has been weighted by region, gender, and age, based on the most recent Census figures, so that it is representative of all adult Canadians.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.