Wallets/bmo
BMO (Bank of Montreal) Mobile Banking
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Overview
BMO (Bank of Montreal) is one of Canada's Big-5 banks + Canada's oldest bank (founded 1817) [1, 2, ca-cro]. 2025 baseline: 13M customers across Canada + US + select global markets + #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year.
Distinctive BMO positioning [3, 4]:
- Canada's oldest bank — founded 1817 in Montreal (older than ANZ/Westpac 1817 + Bank of Nova Scotia 1832)
- Canada Big-5 bank (alongside RBC + TD + Scotiabank + CIBC)
- #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year
- #1 in 6 categories: Account Management + Alerts + Digital Money Management + Security (first time) + 2 others
- #2 in Online Banking Satisfaction
- App ratings: 4.6/5 Apple App Store from 100,000+ ratings + 4.7/5 Google Play
- 2023 BMO + Bank of the West acquisition: Distinctive US expansion via $16.3B Bank of the West (BNP Paribas's US subsidiary) acquisition
History
November 3, 1817 — Bank of Montreal founded in Montreal — distinctive Canada's oldest bank.
1862 — BMO opens its London, England agency office.
1818 — BMO becomes Canada's first chartered bank.
2011 — BMO + Marshall & Ilsley merger (US expansion via M&I Bank acquisition).
2010 — BMO Mobile Banking app launches.
February 2023 — BMO + Bank of the West acquisition closes [2]: $16.3B acquisition of BNP Paribas's US subsidiary (distinctive US expansion).
May 27, 2025 — BMO Ranked First in EMARKETER's 2025 Canada Mobile Banking Features Benchmark [3] (for 2nd consecutive year).
Ownership & operator
Operating entity: Bank of Montreal (BMO) (TSX: BMO; NYSE: BMO); BMO Harris Bank N.A. (US subsidiary; post-2011 M&I merger + 2023 Bank of the West acquisition).
Major shareholders: Vanguard + BlackRock + State Street + various Canadian institutional + TSX + NYSE public floats (widely held; no controlling shareholder).
Regulators: OSFI (Office of the Superintendent of Financial Institutions) + Bank of Canada + FCAC (Financial Consumer Agency of Canada) + FRB (Federal Reserve Board; US) + OCC (Office of the Comptroller of the Currency; US) + per-country.
Technical integration
| Layer | Description |
|---|---|
| Channels | BMO Mobile Banking app (iOS + Android; primary CA retail-banking mobile channel; 4.6/5 Apple App Store + 4.7/5 Google Play) + BMO Online Banking + BMO cards (Visa + Mastercard; BMO Rewards + AIR MILES + CashBack + BMO Eclipse) + BMO branch network (CA + US Midwest + US West Coast post-2023 Bank of the West) |
| Identifiers | Phone + email + card number + account number |
| CA rail | [[interac-e-transfer]] (Interac e-Transfer Canadian national P2P payment; Interac consortium) |
| License | Bank (BMO full Canadian + US banking licenses; Canada Big-5) |
| Sub-products | BMO Account + BMO Cards + BMO Credit + BMO Mortgages + BMO Investments + BMO Insurance + BMO InvestorLine + BMO Wealth Management + BMO Capital Markets + BMO Harris Bank N.A. (US subsidiary post-2011 M&I + 2023 Bank of the West acquisitions) + BMO Global Asset Management |
| Distinctive 2025: #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year; #1 in Account Management + Alerts + Digital Money Management + Security (first time) categories |
Users & growth
- 13M customers across Canada + US + select global markets
- #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year
- #1 in Account Management + Alerts + Digital Money Management + Security (first time)
- #2 in Online Banking Satisfaction
- App ratings: 4.6/5 Apple App Store from 100,000+ ratings + 4.7/5 Google Play
Use cases
Canadian + US + select global retail + corporate + investment + wealth-management + insurance banking via BMO Mobile Banking + BMO Online + cards (Rewards + AIR MILES + CashBack + Eclipse) + branches (CA + US Midwest + US West Coast); Interac e-Transfer; BMO InvestorLine + BMO Wealth Management + BMO Capital Markets + BMO Harris Bank N.A. (US subsidiary post-2011 M&I + 2023 Bank of the West) + BMO Global Asset Management.
Implementations & partners
Operator: Bank of Montreal (BMO) (TSX: BMO; NYSE: BMO); BMO Harris Bank N.A. (US subsidiary).
Major shareholders: Vanguard + BlackRock + State Street + Canadian institutional + TSX + NYSE public floats (widely held).
Major Canadian banking competitors:
- [[rbc-mobile]] (Royal Bank of Canada; Canada's biggest bank by market cap; 18M+ clients in 29 countries; #1 J.D. Power 2024 Mobile App)
- [[td-canada]] (TD Canada Trust; Toronto-Dominion Bank; Canada Big-5 + 13M+ active mobile users in CA + US; "More Human" 2026 brand platform)
- Scotiabank (Bank of Nova Scotia; Canada Big-5; LatAm + Caribbean presence)
- CIBC (Canadian Imperial Bank of Commerce; Canada Big-5)
- National Bank of Canada (Canada's 6th-largest bank; Quebec-focused)
- Tangerine (Scotiabank digital bank subsidiary; formerly ING Direct Canada)
- Simplii Financial (CIBC digital bank subsidiary; formerly PC Financial)
- Wealthsimple (Canadian fintech)
Interac consortium: BMO + RBC + TD + Scotiabank + CIBC + National Bank + Desjardins + Canadian Western Bank + ATB Financial (Interac e-Transfer founding-bank participants).
Historic US expansion: 2011 BMO + Marshall & Ilsley (M&I Bank) merger (US Midwest expansion) + February 2023 BMO + Bank of the West $16.3B acquisition (US West Coast expansion; from BNP Paribas).
Regulators: OSFI + Bank of Canada + FCAC + FRB + OCC + per-country.
Fun facts
- Canada's oldest bank — founded November 3, 1817 in Montreal.
- One of Canada's Big-5 banks.
- 13M customers across Canada + US + select global markets.
- #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year.
- #1 in Account Management + Alerts + Digital Money Management + Security categories (Security first time).
- #2 in Online Banking Satisfaction.
- App ratings: 4.6/5 Apple App Store from 100,000+ ratings + 4.7/5 Google Play.
- February 2023 BMO + Bank of the West $16.3B acquisition — distinctive US expansion via BNP Paribas's US subsidiary.
- 2011 BMO + Marshall & Ilsley merger — US Midwest expansion (M&I Bank).
- BMO Harris Bank N.A. US subsidiary.
Comparison
| Feature | BMO Mobile Banking | [[rbc-mobile]] (Canada's biggest bank by market cap rival; 18M+ in 29 countries) | [[td-canada]] (Canada Big-5 + 13M+ active mobile users in CA + US rival) | [[scotiabank]] (Canada Big-5 + LatAm/Caribbean rival) | [[bank-of-america]] (US's #2 bank by assets comparable) |
|---|---|---|---|---|---|
| Operator | Bank of Montreal (TSX: BMO; NYSE: BMO; widely held: Vanguard + BlackRock + State Street + Canadian institutional + TSX + NYSE floats; BMO Harris Bank N.A. US subsidiary) | Royal Bank of Canada (TSX: RY; NYSE: RY; widely held) | Toronto-Dominion Bank (TSX: TD; NYSE: TD; TD Canada Trust + TD Bank, N.A. US subsidiary) | Bank of Nova Scotia (TSX: BNS; NYSE: BNS) | Bank of America Corporation (NYSE: BAC; widely held) |
| Type | Canada's oldest bank (1817) + Canada Big-5 + 13M customers in CA + US + select global + #1 EMARKETER 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year + 2023 $16.3B Bank of the West acquisition | Canada's biggest bank by market cap + one of world's largest + 18M+ clients in 29 countries + #1 J.D. Power 2024 Mobile App | Canada Big-5 + leading US East-Coast bank + 13M+ active mobile users in CA + US + Feb 2026 "More Human" brand platform | Canada Big-5 + LatAm + Caribbean presence + Tangerine digital subsidiary | US #2 bank by assets |
| Country | CA + US + select global | CA + US + 27 other countries | CA + US | CA + LatAm + Caribbean | US |
| Users | 13M customers; #1 EMARKETER 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year; 4.6/5 Apple App Store from 100K+ ratings + 4.7/5 Google Play | 18M+ clients in 29 countries; #1 J.D. Power 2024 Mobile App | 13M+ active mobile users in CA + US | LatAm + Caribbean major | ~40M mobile-active customers; Erica 20M+ users |
| Distinctive | Nov 3 1817 founding in Montreal (Canada's oldest bank); 2011 BMO + Marshall & Ilsley M&I merger (US Midwest expansion); Feb 2023 BMO + Bank of the West $16.3B acquisition from BNP Paribas (US West Coast expansion); #1 EMARKETER 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year; #1 in Account Management + Alerts + Digital Money Management + Security (first time) | 1864 Merchants' Bank of Halifax founding; 1901 renamed RBC; #1 J.D. Power 2024 Mobile App; mortgage renewal in minutes via RBC Mobile; RBC City National US + RBC Caribbean | 1855 Bank of Toronto founding; 1955 TD merger; 2008 TD acquires Commerce Bancorp forming TD Bank N.A.; Feb 2026 "More Human" brand platform unifies TD identity across CA + US for first time; Mar 31 2026 TD Easy Trade DIY investing app | LatAm + Caribbean presence; Tangerine digital subsidiary | 1904 founding as Bank of Italy by Amadeo Giannini; Jun 2018 Erica AI assistant pioneering |
Status
Active, Canada's oldest bank + Canada Big-5 + #1 in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for 2nd consecutive year [1, 3]:
- Bank of Montreal (BMO) (TSX: BMO; NYSE: BMO) since November 3, 1817 (Montreal founding).
- 13M customers across Canada + US + select global markets.
- 2011 BMO + Marshall & Ilsley M&I merger (US Midwest) + February 2023 BMO + Bank of the West $16.3B acquisition (US West Coast; from BNP Paribas).
- BMO Harris Bank N.A. US subsidiary.
- OSFI + Bank of Canada + FCAC + FRB + OCC + per-country regulated.
Sources
- 1 BMO Canada — official
- 2 Digital Banking — BMO Canada
- 3 BMO Ranked First in EMARKETER's 2025 Canada Mobile Banking Features Benchmark — May 27 2025
- 4 BMO Review (2026) — Hardbacon
- ca-cro In-corpus:
reports/countries/CA-canada.md
Source
Biography extracted from bmo.md. See matrix.md for standards-support matrix if present.