BMO Bank of Montreal
TSX : BMO
NYSE : BMO

BMO Bank of Montreal

July 15, 2016 05:00 ET

BMO Introduces New Way for Canadians to Open Bank Accounts in Minutes Using their Smartphones

- New service first of its kind from a major Canadian financial institution - another example of how BMO is enhancing the customer experience through innovative products and services

- Fastest way to open an account via smartphone and eliminates need to go to the branch or download an app

- Addresses customers' mobile-first mindset and increasing expectation of speed and convenience

TORONTO, ONTARIO--(Marketwired - July 15, 2016) - BMO Bank of Montreal today introduced a new service that allows customers to open an account in minutes using their smartphone, without having to go to a branch or download an app.

"Mobile is increasingly important for customers to address their banking needs, and this service is another way we're using our digital capabilities to empower our customers and simplify their lives," said Niti Badarinath, Head of North American Channels, BMO Bank of Montreal. "This customer-centric, mobile-first design provides a seamless user experience. It's an example of how we're quickly bringing to market solutions that are focused on streamlining banking processes."

This first-of-its-kind account opening capability allows customers to quickly search, select and open a new account with BMO through an intuitive, conversational interface. It's exclusively done using a smartphone in minutes - without having to download an App from the App Store.

Mr. Badarinath, noting that the number of transactions completed on digital channels continues to increase, added: "This service is the next step in the journey we are taking with our customers as they increase their use of digital."

To open an account, visit www.bmo.com/banking on your mobile device to get started.

About BMO Financial Group

Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

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