You can find helpful information about Online Banking in the Help Centre. Simply navigate to the relevant page to find the information you are looking for.
Your available funds are the amount of money available to you to cover debit transactions from your account. Debit transactions include:
Available Funds = Your Account Balance + Overdraft Protection (if applicable) – Funds on Hold
Funds on hold are deposits you have made to your account that have not yet been cleared by the bank.
Examples of deposits that will be held until cleared include:
Hold funds usually clear within three to five business days.
Exchange rates are subject to change throughout the day and will be determined when the transfer is processed.
Foreign exchange requests cannot exceed US$45,000.00 or equivalent. For amounts over US$45,000 or equivalent, please contact a Customer Contact Agent at 1-877-262-5907.
You can only transfer funds between accounts that are linked to your BMO Debit Card for Business. It is not always possible to link your personal account to your BMO Debit Card for Business. Please visit your BMO Bank of Montreal branch to determine whether it is possible to do so.