Online Banking for Business
Customize your banking experience to fit your unique needs, preferences and goals. And as your business evolves, our services evolve right along with you.
Bank with confidence
Our security and fraud protection options help protect you and your business from unauthorized access.
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A better way to bank
Online Banking for Business makes it easy to:
Move money your way
Whether you’re managing payroll, collecting payments or sending money overseas, you’ll have a variety of flexible options at your fingertips.
Manage your users
Keep your business running smoothly with flexible user management tools. Assign limits, set approvals, and segregate duties across your team.
Stay ahead of the curve
Take advantage of an ever-growing suite of payment technologies, open banking APIs and integrations with the business apps you use most.
Get expert advice
Your BMO advisor is always on hand with industry-leading guidance and solutions tailored to fit your business.
Flexible options tailored for your business
Set strong internal controls
Set up unlimited platform users, segregate their duties, set payment limits and multiple levels of payment approvals.
Pay employees and vendors
Manually send individual payments or schedule recurring payments and payroll via EFT, Interac® e-Transfer and more.
Send instant payments
Send up to 50 Interac® e-Transfers at once within Canada of up to $25,000 CAD each. Or upload a payment file containing up to 100,000 Interac e-Transfers.
Manage global payments
Send and receive international wire payments, and lock in your final exchange rate before sending.
Run detailed reports
Create and run customizable reports for account transfers, cash flow, user activity, EFT payments, wire payments, and more.
Monitor account activity
Get alerts via email or text for user activity, account balances, transactions, pending payments, approvals and more.
Out of the office? Take your banking with you
Enjoy secure business banking anytime, anywhere with our Online Banking for Business app. Send and receive funds, monitor your cash flow, approve payments, manage users and more.
Protect your business
Our security and fraud protection options will help you:
Guard your information
Strong encryption and firewalls disguise your account information, and your choice of 2-step verification methods help prevent unauthorized access.
Approve payments securely
Use your fingerprint, face or voice to confirm your identity. Or, generate unique one-time security passcodes on your computer or device.
Get instant alerts
Stay informed and in control of your balances, transactions and user activity with instant email and text message alerts.
Online Banking for Business FAQs
Online Banking for Business is for any size of business that would benefit from multiple user roles, payment approvals and other account controls, cross-border banking, or that has more complex payment and reporting needs in general. You can compare online banking options for your business here.
- Because we customize Online Banking for Business to fit your business’ unique needs, preference and goals, fees are determined by the level of service your business requires. Compare Online Banking for Business with our no-fee online banking option here.
Online Banking for Business works with a variety of deposit and borrowing accounts including Canadian and U.S. currency accounts, foreign currency accounts, corporate credit card accounts, commercial mortgages and more.
Online Banking for Business has many options for sending and receiving domestic and international payments, including Interac e-Transfers, wire payments, and Electronic Fund Transfers. You can set up and manage payroll, tax and bill payments, recurring payments and more.
Customized user settings are a key component of Online Banking for Business. You can create as many users as you require and assign them custom access levels, 2-step verification requirements and transaction limits. You can also customize payment approvals for each payment service on both a company-wide and a per user level.
Online Banking for Business makes it easy to create customized reports on-demand and download them in different file formats. Get cash flow, account, and user activity reports as well as detailed reports from your specific payment services.
Online Banking for Business has many integration options, including APIs and connections to popular accounting and other business apps. Contact a BMO business banking professional for more details.
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