News Releases

TORONTO, ONTARIO--(Marketwired - July 10, 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: Open a no-fee student banking account to curb costs this summer.

It may be summer vacation for most post-secondary students, but they can continue to reduce their expenses this summer by ensuring they are in a no-fee student bank plan.

"School may be out, but most student discounts and promotions are available year-round," said Alan Hurst, Director, BMO Bank of Montreal. "Students can lower expenses and minimize banking fees this summer by opening a no-fee student bank plan and taking advantage of student discounts."

For example, BMO offers a free banking plan for students which includes a free Student Price Card (SPC Card). Additionally, students are entitled to an extra year of free banking after they graduate. BMO also offers a no-fee BMO SPC credit card, with a choice of AIR MILES or CashBack rewards in addition to embedded SPC Card benefits.

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 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.