BMO announced on Monday that you can now send a global money transfer in the company’s mobile app, which it says is a “fast and convenient new feature offering a digital solution to send money to anyone. ‘international “.
The cost to send a BMO Global Money Transfer is $ 5 per transaction and is available 24 hours a day, 7 days a week. A “resend” feature is also available to repeat previous transactions, to go. with a currency watchlist and notifications to allow customers to track transaction status.
“With most of our customers being digitally active, we’re excited to offer a convenient new feature to send money internationally through the BMO Mobile Banking app,” said Gayle Ramsay, Manager, Services Current Banking, Customer Segments and Growth, BMO Bank of Montreal, in a report.
Until January 31, 2022, BMO announces that it will waive the $ 5 transaction fee for all its retail banking customers, while newcomers to Canada, BMO Premium and Private Banking customers will continue to benefit from no service charge.
“Being able to easily reach loved ones abroad is important in helping our clients make real financial progress, especially during the holiday season. BMO is committed to meeting customers where they are and providing convenient digital solutions to meet their daily banking needs, ”added Ramsay.
BMO’s global money transfer feature will arrive on the online banking platform in “early 2022,” the company said.
Earlier this month, the BMO Mobile Banking app was able to replace a lost or stolen debit card in the app.