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TORONTO, ONTARIO--(Marketwired - July 5, 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: Keep finances under control this summer by setting up automatic bill payments.

It can be easy for finances to fall lower on the priority list during the busy summer season, which is often jam-packed with vacation plans, day trips and other fun activities. To help prevent financial responsibilities from falling by the wayside, consider setting up recurring automatic bill payments. This will help ensure you never miss a payment - even when you're on vacation.

"Look for convenient and less-time consuming ways to manage bills - such as setting up an automatic payment schedule, to ensure your summer plans go off without a hitch," said Janet Peddigrew, Vice President, BMO Bank of Montreal. "Pre-authorized bill payments allow your bills to be paid automatically from your BMO bank accounts on the dates they are due, so that you never have to worry about missing a payment - even through the busy summer."

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.

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.