(January 22 – 12:15 ET) – Bank of Montreal today launched BMO Account Tracker service. The new service lets clients see all of their BMO term investments, mutual funds and banking accounts on one statement.

The service is available free to clients with a minimum balance of $25,000 in BMO term investments, BMO mutual funds or a combination of both.

“Clients want to have a greater understanding and firmer control of their financial picture,” said Gilles Ouellette, president and COO, Private Client Group, Bank of Montreal. ”

Ouellette noted that clients can use their bank branch or BMO mbanx Direct to review all of their investments and everyday banking accounts on one consolidated, easy-to-read statement.

Bank clients can choose to include their Canadian and U.S. dollar chequing/savings accounts, term investments, mutual funds, (including RRSPs, RRIFs, RESPs) as well as personal loan balances on the single monthly statement. Related accounts, such as those of a spouse or child, can also be included with that person’s permission.

After signing up for the service, clients will receive an investment review to ensure they are accomplishing their financial goals and will receive assistance in adjusting their investment strategy, if desired. A BMO financial services manager will be their primary contact for information about investment products and services and any other questions.

Effective February 28, clients will be able to view up-to-date BMO Account Tracker information online at any time. Effective January 31, they will have the ability to purchase term investments and mutual funds via the Internet.
-IE Staff