Diverse Services Offered By Bank Of Montreal

Bank of Montreal is based Toronto, Canada. It began operations in the city of Montreal. It was founded nearly two hundred years ago. It is therefore the oldest financial institution in Canada. Its deposits make it the fourth largest bank in Canada.

BMO as it is popularly known has over 900 branches. It has more than 7 million clients. Although its operations are mainly in Canada.

There are 3 main divisions of the financial services offered by this bank. The three categories are known as 'client groups'. This name comes from the fact that each of the groups serves and targets a market segment that is different from the other.

Personal and commercial client group is the first category. This department deals with retail financial services of the bank. This means that it offers financial services to businesses and individuals based in Canada. The services include handling checks, savings, personal loans, mortgages, credit cards and debit cards, loan calculators and other retail services.

The retail section also deals with the bank's insurance services. They include travel insurance and life insurance. Those who wish to save for retirement can take out income annuities. Mortgage life insurance cover is offered for home protection upon the policy holder's demise.

Investment banking group caters for those interested in capital markets. It deals with bond markets, securities and equity among other services. Corporates and the government benefit from these services. They are advised on the appropriate financial investments to make so as to maximize profits from the investments they make.

The third is the private client group which is also referred to as wealth management section. This targets clients with sizable assets. This department assists such clients to plan their estates. It also helps them to invest their assets based on their financial goals and personal criteria.

BMO also has strong social responsibility programs. It invests in its neighborhoods through volunteering, donations and sponsorship programs. For example, it donates to projects that support education, health, arts and culture. They also support programs dealing with community development, athletics and sports. Programs that support the conservation and protection of the environment are also sponsored by this bank.

Bank of Montreal gives affordable and accessible financial services to customers. The customer has a variety of services to select from. Potential clients can reach them online for answers to any queries that they may have.