News Releases

TORONTO, ONTARIO--(Marketwired - July 30, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing financial tips throughout the summer to help Canadians make the 'BMOst of summer' in 2013.

Financial Tip of the Day: Notify your financial institutions before heading abroad to ensure you have uninterrupted access to your bank accounts during vacation.

Whenever you travel outside of Canada, contact the financial institutions that you bank with and let them know when, where and how long you will be travelling so that they know to expect purchases from that country.

"To guard customers against identity theft, we rely on fraud detection systems that are designed to detect suspicious behaviour associated with unusual spending habits, such as location of spending and timing," said Dan Dickinson, Managing Director, Online and Mobile Banking, BMO Bank of Montreal. "Notifying your bank and credit card issuer that you will be making purchases abroad will help prevent potential account disruptions due to activity outside your normal spending pattern."

Mr. Dickinson added that BMO credit card customers can quickly and easily use the online travel notification feature in BMO Online Banking to advise of their travel plans and to ensure there are no surprises with an out-of-country charge. For more information, please visit bmo.com/onlinebanking.

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.