News Releases
TORONTO, Aug. 22, 2023 /CNW/ - BMO today announced its support for communities in British Columbia and the Northwest Territories affected by wildfires, with specialized assistance programs to aid those facing financial hardship.
BMO also announced it will contribute $100,000 to the Canadian Red Cross and United Way to support relief efforts in British Columbia and the Northwest Territories. Donations to the Canadian Red Cross and United Way will be used to provide emergency and ongoing relief, recovery and resilience efforts to those most affected.
"Our thoughts are with everyone affected by these devastating fires and we are committed to doing our part to help make sure families, businesses and communities get the help they need," said Steve Murphy, Head, Canadian Personal and Business Banking Distribution, BMO. "Customers in communities affected by wildfires can count on BMO to expedite relief options."
Financial relief available to BMO customers affected by this event can include:
- Loan and mortgage payment deferral
- Loan and mortgage payment protection
- Skip-a-payment option on mortgages, instalment loans and credit cards
- Support for Canadian Business Banking and Commercial Banking clients via payment deferrals and fee relief where possible. Customers should contact their relationship manager to discuss options or accommodations.
To access BMO's relief options, customers can connect in branch, by phone, or through the support options in BMO's online and mobile banking portals.
BMO is also accepting donations in branches across Canada and online to support the Canadian Red Cross. Learn more by visiting a local branch, online at www.redcross.ca/ or by calling 1-800-418-1111.
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.25 trillion as of April 30, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to over 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and inclusive society.
SOURCE BMO Financial Group
