Are you the kind of person who normally prefers to handle their money using strictly cash, but is interested in opening an account with a local bank to better manage their finances? There are ups and downs to both practices, but banks have become such an important part of everyday life that it has become almost unavoidable, especially if you currently have a job that prefers to hand out paychecks to their employees, or one that offers a direct deposit service so their workers can handle everything electronically without worrying about having to file their paychecks. Thus, it would likely be in your best interest to open an account with a bank and acquire a debit or check card. If you reside in Canada, one of your options may be the Bank of Montreal. One of the Big Five banks in Canada, the Bank of Montreal has been around for almost 200 years since its founding in 1817. Like most banks or financial institutions, the BoM offers a variety of financial services, including wealth and asset management, home and auto loans, and debit cards. In this article, we will show you how to open an account online on Bank of Montreal’s website as well as how to activate your new BMO Mastercard.
Step 1: Open Online Account
To get started on this process, open your preferred web browser on your computer and go to bmo.com, the official online home of the Bank of Montreal. From there, you should click the link that says “Bank Accounts”.
After that, you will be presented with a longer page where you will have a great number of options available to you. You can tailor your new account to whatever your current needs are, whether you’re a student just about to get into college or a senior preparing for retirement. There are even discounts for those who are new to Canada. You can even compare each plan to get a much better picture of what every plan means for you. Every checking account comes with a separate savings account. Note that there is a monthly fee for your account, but there are also various discounts available. When you are ready to continue, click the blue “Continue with these accounts” button located halfway down the page.
In the next step, we will show you how to activate your new BMO credit card.
Step 2: Activating Your New Card
After you have applied for a new BMO Mastercard and your application has been accepted, you will eventually receive your new card in the mail. You will need to activate it first before you can start using it, however. While you can easily call the bank and activate it that way, another option is to activate it online. Go to http://bmo.com/activate and you’ll be presented with a page that includes a single text box. You’ll need to enter your BMO Mastercard number into the text box. After that, continue to follow any further instructions to successfully activate your new card.