Is my money safe with BMO?

Yes. BMO is one of Canada's Big Five banks. It's a member of the Canada Deposit Insurance Corporation, which means that any money you put into your account will be protected up to $100,000 in the very unlikely event that BMO goes bankrupt.

Is the BMO Savings Amplifier Account included with any of BMO's bank plans?

Unfortunately, no. BMO's bank plans allow you to register for up to 20 BMO accounts at one time. You then get to choose a primary account that determines your fees and withdrawals for all accounts. The BMO Savings Amplifier Account can't be included with this type of plan.

Can I manage my BMO Savings Amplifier Account through mobile banking?

No problem! You can easily download the BMO mobile app using the Apple App Store or Google Play. From there, you can input your banking details and create a password to access your account on the go.

Can I apply for the BMO Savings Amplifier Account online?

Yes, you can apply by visiting BMO's website to fill out an application or you can visit a branch in person to sign up for an account. It's also possible to call BMO's phone hotline to get started.

Home Authors Claire Horwood

Claire Horwood

Associate editor

Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee.