BMO Private Banking is offering its Canadian clients – who are high-net worth individuals and families – free access to over 40,000 ATMs across the US and Puerto Rico.
The initiative is part of a partnership with Allpoint, the world’s largest surcharge-free ATM network.
BMO Private Banking clients can find the nearest participating fee-free ATMs in the US – including BMO’s existing fleet of more than 1,300 ATMs – using the BMO Harris Bank online locator.
John Turner, director banking, deposits and payments, at BMO Private Banking, said: “Many of our clients spend a great deal of time in the U.S. – whether it is living there for the winter, a vacation or visiting their children who attend American post-secondary institutions – and want simple and cost effective cross-border banking solutions.
“Over 25 per cent of BMO Private Banking households make a withdrawal at a U.S. based ATM. This offer is another big step forward in meeting that need.”
Turner added that the announcement is a strong addition to BMO Private Banking’s all-inclusive Platinum Banking plan, a comprehensive package of banking services that includes a dedicated private banker.
Brian Bailey, managing director – North America, Cardtronics, said: “BMO is the first Canadian bank to use the Allpoint ATM network to offer its customers convenient, cross-border cash access when traveling to the U.S. and Puerto Rico. We are honoured to help make cash access convenient and easy for BMO Private Banking clients.”