BMO BANK OF MONTREAL CAD vs GBP/EUR EXCHANGE RATES
Compare BMO Bank of Montreal CAD currency transfer options to/from Canada. You can beat BMO Bank of Montreal exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
| BMO Bank Montreal | GBP to CAD | EUR to CAD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | $1.699 to $1.705 | $1.455 to $1.46 |  |  | |
| TorFX | $1.704 | $1.459 |  | | |
| Wise | $1.707 | $1.461 |  | | |
| BMO Bank Montreal | $1.627 | $1.393 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
BMO Bank of Montreal International Money Transfers
International currency transfers to or from your BMO Bank of Montreal account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 5.2% and additional bank transaction or commission fees may apply.
BMO Bank of Montreal international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – BMO Bank of Montreal
Sending foreign currency to or from your BMO Bank of Montreal account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using BMO Bank of Montreal services would have a transaction exchange rate margin of around 5.2% – or $5,200 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
BMO Bank of Montreal – Other Useful Information
International money transfers from BMO Bank of Montreal could take longer to arrive than using a private currency exchange provider and you will also need to be an existing BMO Bank of Montreal account holder to use their services. BMO Bank of Montreal may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, BMO Bank of Montreal’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
BMO Bank of Montreal, Canada – About
The Bank of Montreal (commonly shortened to BMO) was created in 1817 and is one of the largest banks in Canada, making it one of the ten largest banks in the North America region. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 local banking branches, serving over seven million customers.
BMO Bank of Montreal branch finder
Find BMO Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest BMO branches in your search area results.
Contact BMO Bank from abroad
You can find answers to everyday banking questions at BMO online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 514-881-3845
BMO Bank of Montreal – Head office address
BMO Bank of Montreal – 100 King Street West, 21st Floor, 1 First Canadian Place, Toronto, ON M5X 1A1, Canada
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