Bank expands its Global Money Transfer account services in response to
growth of Portuguese-Canadian communities across the Country
TORONTO, Jan. 24 /CNW/ - BMO Bank of Montreal announced today that its
Global Money Transfer account services are now available at all BMO branches
across Canada, giving customers a more convenient and faster way to transfer
money to family, friends and loved ones in Portugal.
Heather Grand, Managing Director, GTA Division, Specialty Markets, BMO
Bank of Montreal said there are large Portuguese-Canadian communities in a
number of regions across Canada, in particular in Vancouver; Winnipeg,
Montreal and in the Ontario communities of, London, Kitchener, Cambridge,
Oakville, Leamington and Bradford. "BMO has been offering its Global Money
Transfer services in the Greater Toronto Area where there has always been a
large Portuguese-Canadian community but we wanted to make the service
available to customers in these other regions as well," she said.
Ms. Grand said BMO has a preferential arrangement with Millennium bcp of
Lisbon, Portugal, which accepts money transfers in Canadian dollars as well as
in Euros. Other Portuguese banks accept transfers only in Euros. Under BMO's
arrangement with Millennium, the service is available through a BMO Everyday
Banking Plan at an affordable $7.50. BMO customers can send money to Portugal
from any BMO Bank of Montreal branch, from a BMO ABM, or via telephone banking
or online at bmo.com.
"BMO's Global Money Transfer service represents one of the many ways that
BMO is helping to meet the growing demands of the Portuguese-Canadian
community," said Ms. Grand. "We're pleased to provide another benefit for our
customers in multicultural markets who are looking for specialized services."
In November, 2007, BMO Financial Group completed the integration of
bcpbank Canada, following its acquisition in 2006. The conversion provides
former bcpbank customers with access to BMO products and services at all
branch locations. In addition, the eight converted branches expand BMO's
branch network and provide BMO customers with greater access to banking
services across the Greater Toronto Area.
For further information:
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