U.S.-Dollar Banking Features Tailored for More Than Just 'Fairweather' Consumers



    TORONTO, March 30 /CNW/ - The annual return to Canada of millions of
Canadian 'Snowbirds' this spring won't dampen demand for
U.S.-dollar- denominated bank accounts, credit cards, term investments and
travel-related medical insurance. In fact, Sid Chopra, Director, Everyday
Banking, BMO Bank of Montreal, says the appeal of U.S. dollar accounts,
investments and services should remain high, independent of the seasonal ebbs
and flows of Snowbird travel across the Canada / US border.
    "There's no question our U.S.-dollar- and U.S.-travel-related services
have a practical appeal to 'Snowbirds' who spend a significant part of the
year living in the United States," said Mr. Chopra. "However, for reasons that
go beyond the needs of our Snowbird customers, we've seen increasing interest
in products and services designed to help our customers manage their everyday
banking and financial needs in U.S. currency and from both sides of the
border."

    
    Mr. Chopra said the bank offers its customers a variety of products and
services geared to U.S.-destination visitors, including:

        -  BMO Mosaik MasterCard - fees and transactions in U.S. dollars;

        -  U.S. Dollar Premium Rate Savings Account;

        -  U.S. Dollar Term Investments with rates as high as 4.15% to 4.40%
           for deposits from $1,000 to $500,000 respectively;

        -  U.S. Dollar Mutual Funds, including a monthly income fund that
           distributes $0.06 (U.S.$) per unit/per month;

        -  Lending facilities that allow our commercial banking customers to
           access funds in both U.S. and Canadian currencies;

        -  Free account access at any one of more than 500 Harris-branded
           automated banking machines in Illinois, Indiana, Arizona and
           Florida and at more than 1900 BMO Bank of Montreal ABMs throughout
           Canada, without paying a surcharge and network access fee and,

        -  through BMO Harris Private Bank, client assistance with cross
           border tax planning, coordination of tax return preparation,
           coordination of travel medical insurance and bill payment
           services.
    

    "Our message to customers in North America is, 'Come in to one of our BMO
Bank of Montreal or Harris Bank branches and let's have a conversation about
how we can help you meet your financial needs and make your travel planning
easier,'" said Mr. Chopra.

    Established in 1817 as Bank of Montreal, BMO Financial Group is a highly
diversified North American financial services organization. With total assets
of $356 billion as at January 31, 2007, and more than 35,000 employees, BMO
provides a broad range of retail banking, wealth management and investment
banking products and solutions.





For further information:

For further information: Ralph Marranca, Toronto,
ralph.marranca@bmo.com, (416) 867-3996; Ronald Monet, Montreal,
ronald.monet@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Internet: www.bmo.com

Organization Profile

BMO BANK OF MONTREAL

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