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Student Banking
BMO offers a student banking program designed to cater to the unique financial needs of students. The program includes various features such as bank loans, which can be repaid in small monthly amounts, and student lines of credit with low-interest rates and no annual fees, providing financial flexibility.
Students will benefit as if they cannot pay their student loans this will help them greatly.
BMO will loan you an amount of money and the student will pay it back in small monthly amounts.
Pay Interest
BMO Alerts
This will benefit college students as they're often distracted and focused on multiple things at once and this will help remind them of their banking situation.
Regular alerts and reminders via
text and email regarding your banking.
No extra fees.
Credit Cards
This will benefit students as they can safely deposit their money somewhere and access it from a single safe spot.
Along with your account,
you're given a credit card to use.
No Extra Fees
Wealth Planning
Will help greatly in deciding whether or not to use money on certain things (like line of credit or bank loan).
A trained professional will help and guide you in controlling your money so you can maintain your current lifestyle and achieve your future goals.
Does not list extra fees
Student Lines Of Credit
This will help students as they may come into scenarios where they cannot pay part of a student loan or other school related thing.
A line of credit is an amount of
money that the bank is willing to
lend you, you pay this back in interest and other ways.
No monthly or annual fees.
A low interest fee.
Mobile/Online Banking
Students will benefit from this as they are already very busy people and now they can do banking from wherever they are which saves lots of time.
There are no extra fees related to this.
Using the BMO banking app you can send
E-transfers, pay bills and more from anywhere online.