Quick Client Guide To Bank Of Montreal

Bank of Montreal headquarters is situated in Toronto which is a city in Canada

. It started its operations in Montreal city. Being almost two hundred years old makes it Canada's oldest bank. It ranks as the 4th largest financial institution in Canada. This is based on the deposits it possesses.

This bank has more than nine hundred branches. It has a client base of over seven million customers. The bank mainly operates in Canada but has branches in Chicago and other parts of the United Stated of America.

There are 3 main divisions of the financial services offered by this bank. The three categories are known as 'client groups'. This name comes from the fact that each of the groups serves and targets a market segment that is different from the other.

Personal and commercial client group is the first category. This department deals with retail financial services of the bank. This means that it offers financial services to businesses and individuals based in Canada. The services include handling checks, savings, personal loans, mortgages, credit cards and debit cards and other retail services.

The retail section also deals with the bank's insurance services. They include travel insurance and life insurance. Those who wish to save for retirement can take out income annuities. Mortgage life insurance cover is offered for home protection upon the policy holder's demise.

Investment banking group deals with capital markets. The department handles securities, bond markets and equity among others. The main beneficiaries of this segment are corporate companies and the government. They are given advice on the best ways to invest so as to realize maximum earnings from the investments they have made.

Lastly, there is private client group also called wealth management section. The target of this department is clients who have a high net worth. Such customers are assisted in planning their investments. They are also assisted in investing the assets based upon personal criteria and financial expectations. The department also gives advisory facilities in USA.

BMO has a strong corporate social responsibility. Through sponsorships, donations and volunteering, it is able to invest in the neighborhoods. It makes donations to programs supporting culture, arts, health and education. Programs that support sports, community development and athletics are also sponsored. The bank also funds projects supporting environment protection and conservation.

Bank of Montreal offers accessible and affordable banking to its clients. They have a diverse range of services for customers to choose from. They can be contacted online to answer any queries from potential customers.

by: Sarah Jones.

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