News Releases
- Increased cross-border capabilities make it easier for high-net worth individuals and families to bank in both Canada and the U.S.
- BMO Private Banking clients now have access to the largest North American surcharge-free ATM footprint of any Canadian-based private bank
TORONTO, August 16, 2017 – BMO Private Banking today announced that it is offering its Canadian clients – high-net worth individuals and families – free access to over 40,000 Automated Teller Machines (ATMs) across the United States and Puerto Rico as part of a partnership with Allpoint, the world’s largest surcharge-free ATM network.
“We are thrilled to be able to provide our clients with cross-border ATM access at no charge,” said John Turner, Director Banking, Deposits and Payments, BMO Private Banking. “Many of our clients spend a great deal of time in the U.S. – whether it is living there for the winter, a vacation or visiting their children who attend American post-secondary institutions – and want simple and cost effective cross-border banking solutions. Over 25 per cent of BMO Private Banking households make a withdrawal at a U.S. based ATM. This offer is another big step forward in meeting that need.”
Mr. Turner added that today’s announcement is a strong addition to BMO Private Banking’s all-inclusive Platinum Banking plan, a comprehensive package of banking services that includes a dedicated private banker.
“BMO is the first Canadian bank to use the Allpoint ATM network to offer its customers convenient, cross-border cash access when traveling to the U.S. and Puerto Rico,” said Brian Bailey, Managing Director – North America, Cardtronics. “We are honoured to help make cash access convenient and easy for BMO Private Banking clients.”
BMO Private Banking clients can find the nearest participating fee-free ATMs in the U.S. – including BMO’s existing fleet of more than 1,300 ATMs – using the BMO Harris Bank online locator.
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About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $719 billion as of April 30, 2017, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
About Allpoint
Allpoint Network is the largest surcharge-free ATM network with more than 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia. Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com, like us on Facebook and follow @Allpoint on Twitter. Allpoint Network is a wholly-owned subsidiary of Cardtronics plc (Nasdaq: CATM).