BMO makes Interac transfers free

Source: BMO Bank of Montreal

BMO Bank of Montreal announced today that they will offer free Interac e-Transfer transactions on all Everyday Bank plans. This offer extends to all Canadian chequing and Premium Rate Savings accounts that are part of a plan.

"The expectations of our customers are shifting as more turn to mobile to bank on the go quickly and seamlessly. Offering free Interac e-Transfer transactions is another example of how we're providing digital solutions that meet these changing needs, and simplify the lives of our customers," said Martin Nel, Head, Personal and Small Business Banking, BMO Financial Group. "Interac e-Transfer transactions sent from a BMO account have the same level of security our customers have come to expect from BMO. e-Transfers are received via email in real time, which is a key differentiator compared to similar offers on the market."

Mr. Nel added that customers are using the service more than ever before, sending funds via Interac e-Transfer for everything from rent and bill payments, to vacations, contributions to joint purchases or simply a night out.

"Interac e-Transfer is Canada's leading money movement platform and enables Canadians to send and receive money digitally – it's quick, secure and convenient," said Peter Maoloni, AVP, Online Products and Platforms, Interac Association and Acxsys Corporation. "We're thrilled that BMO is meeting the needs of its customers by enabling them to make Interac e-Transfer transactions, free of charge."  

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