Since Bank of Montreal (BMO) offered online banking to its customers some umpteen years ago, I could count on one hand how many times I've set foot into one of their branches to see a teller. If my computer could dispense cold, hard cash like an ATM, I'd never go to a branch to use the drive thru ATM again!
Some of the services offered online include bill payment, view bills online with epost, account transfer to another BMO account, INTERAC email money transfer, order cheques and travellers cheques or foreign currency, etc. You could also open up a new bank account, apply for a loan or mortgage and even view ALL of your BMO accounts (Bank Account, MasterCard, loan, mortgage and investments) from one main financial summary page.
I personally enjoy the convenience of being able to pay my bills, transfer funds from savings to checking or vice versa and sending email money transfers online. Use of these services alone has replaced any reason for a trip to the bank and has saved me time because I'm not waiting in long line ups!
With all of the online fraud out there I feel secure banking online with BMO because I know they are always looking to ensure that their site is hacker-proof. Just a few months ago they changed the way you login. Instead of entering your card number and password on one page, you now enter your card number on one page and press GO. Then you're brought to another page with an image you've chosen and you enter your password on this page and press GO. This added level of security tells me BMO is looking out for my best interest.
With the plethora of services offered, convenience of online banking and enhanced online security, why wouldn't you want to open up an account with Bank of Montreal today?
Update On Jul 27, 2009: This year, BMO added a great new feature to their online banking - the ability to send INSTANT money transfers to/from your BMO Mosaic MasterCard. This comes in handy allowing you the ability to pay your MasterCard bill on the day it's due without having to wait 2-3 days for the bill payment to go through.Or, if you're short on cash you could transfer from your MasterCard into your bank account.