You know your business needs the right tools to thrive. As an entrepreneur, your time is valuable and managing your company’s finances shouldn’t eat into your productivity or impact your work-life balance. That’s where BMO Online Banking for Business comes in. Their digital banking platform gives you convenient 24/7 access to your accounts so you can check balances, pay bills, transfer funds, and more on your own schedule. No more waiting until “banker’s hours” to get things done or taking time out of your busy day to visit a branch. With customizable account alerts, reporting, and budgeting features, BMO Online Banking for Business provides an easy, efficient way to stay on top of your cash flow and gain useful insights into your business’s financial health. For a small monthly fee, you’ll wonder how you ever ran your business without it.
The Benefits of BMO Online Banking for Business
BMO Online Banking for Business offers so many benefits for entrepreneurs and small business owners.
Convenience and Efficiency
With BMO Online Banking for Business, you can access your accounts 24/7 from anywhere. Pay bills, transfer funds, deposit checks, and manage payroll all on your own schedule. No more rushing to the bank during business hours or waiting in long lines.
Online banking uses advanced encryption and fraud detection to help keep your accounts and information safe. Receive alerts about account activity and login attempts to monitor for unauthorized access. Add an extra layer of protection by using two-factor authentication.
By reducing paperwork and automating processes, you’ll save time and money. Pay employees, pay bills, send wires and manage accounts without expensive fees. Plus, you’ll use less paper which is better for the environment.
Gain valuable insights into your cash flow, expenses and sales so you can make better business decisions. See reports and dashboards that provide an overview of accounts, transactions, budgets and key metrics. Spot trends and opportunities to optimize your business.
If you ever have questions or need help, BMO’s customer service professionals are there for you. You can call, chat or send a secure message to get friendly, knowledgeable support. BMO is committed to providing an exceptional experience for all business customers.
With so many useful features and benefits, BMO Online Banking for Business makes perfect sense for any company looking to simplify their banking and gain valuable insights. Why not give it a try?
Key Features of BMO Online Banking for Business
One of the biggest benefits of BMO Online Banking for Business is the ability to manage your accounts and payments on the go. Through the mobile banking app, you have access to:
- Account balances and transactions so you know where your business stands 24/7.
- Bill payments to quickly pay vendors and suppliers right from your phone.
- Interac e-Transfers to send and receive money from your contacts.
Another useful feature for busy owners and managers is the ability to approve payments and transfers. Through the online portal or mobile app, you can securely:
- Review and approve payroll, supplier invoices, loan payments or other automated debits before the money leaves your account.
- Provide dual authorization for added security on larger transfers.
- Set daily limits on the number and amount of approvals required for your business.
Of course, what good is a business banking platform without robust reporting and analytics? BMO Online Banking for Business allows you to generate detailed reports on:
- Cash flow, income statements, balance sheets and more to monitor the financial health of your company.
- Account transactions, bill payments, transfers, and other activity.
- Year-end reports to provide to your accountant or bookkeeper.
Stay on top of your accounting
Connect your BMO accounts to leading small business accounting software like QuickBooks, Sage and Xero for seamless transaction syncing and reconciliation. See all your business finances in one place so you can gain useful insights and make better decisions.
With a complete set of digital tools, lots of convenient features, and accounting integrations, BMO Online Banking for Business makes managing your company’s money a breeze. Sign up today and experience the difference.
How to Enroll in BMO Online Banking for Business
Enrolling in BMO Online Banking for Business is simple and allows you to access your accounts anytime, anywhere. To get started, gather some information and follow these steps:
You’ll need your business banking profile number, a valid email address, and passwords for each user. BMO requires strong, unique passwords for security.
1. Visit bmo.com/business and select “Enroll now” under the Online Banking for Business login.
This will take you to the enrollment page where you’ll enter your business banking profile number and other required information.
2. Determine what level of access each user needs.
As the primary user, you have full access. Additional users can have full access, view-only access or be a bill payment initiator. Choose access levels for each user you want to add.
3. Provide user information.
Enter details for each user like name, email address, phone number and the access level you selected. Each user will choose their own secure password to access the accounts.
4. Review and confirm the information.
Double check that all details including the business profile number, access levels and user information are correct. Then check the box to confirm you’ve reviewed everything before selecting “Submit.”
5. Users will receive an email to activate their profiles.
Each user must click the link in their email to choose a password and security questions. Once activated, they can start accessing accounts right away.
Online banking allows for efficient account management like viewing statements, making transfers, paying bills and more. If you have any other questions about enrolling or using the BMO Online Banking for Business platform, call BMO customer service at 1-877-225-5266. They’re available 24 hours a day, 7 days a week to assist you.
Managing Finances on the Go With the BMO Mobile App
The BMO Mobile Banking app makes it easy to stay on top of your business finances from anywhere. Download the free app on your iOS or Android device and you’ll have secure access to your business accounts 24/7.
View Balances and Transactions
Log in to instantly see your business account balances, available funds, and recent transactions. Scroll through deposits, bill payments, transfers, and more. Check on the status of checks you’ve written or find details of a specific transaction. With just a few taps, you have a real-time view into your cash flow and business spending.
Pay your business bills quickly through the mobile app. Add payees by entering their name and account information or selecting from your existing list of payees. Choose a payment date and the amount, review and confirm the details, then the payment is on its way. Your payees will appreciate the on-time payments and you’ll avoid any late fees.
Deposit checks straight into your business accounts without having to visit a branch. Simply endorse the back of the check, take front and back photos of the check through the app, enter the amount, and the funds will be deposited directly and made available according to BMO’s standard check holds policy. Check deposits are fast, easy, and secure through the BMO mobile app.
Move money between your BMO business accounts instantly with the mobile banking app. Set up one-time or recurring internal transfers on your schedule. Shift funds to maximize your interest earnings or ensure you have enough in your operating account to cover expenses. Transfers between your accounts happen immediately so your money is where you need it when you need it.
The BMO Mobile Banking app provides convenient and essential tools for taking control of your small business finances. Monitor accounts, pay bills, deposit checks, and transfer funds all from the palm of your hand. Staying on top of your business banking is easy with BMO.
Top Reasons Businesses Trust BMO Online Banking
There are several compelling reasons why BMO Online Banking for Business is the smart choice for companies.
Online banking allows you to manage your business finances whenever and wherever is convenient for you. Check balances, pay bills, transfer funds, and more right from your desktop, tablet or mobile device. No more rushing to the bank during business hours or dealing with traffic and parking. You’re in control 24/7.
Reduce time-consuming tasks like bill payments, account reconciliation, and expense reporting. Schedule one-time or recurring bill payments to ensure vendors are paid on time. Let the system automatically match expenses to transactions so you can quickly review and approve reports. Wave goodbye to manually entering data from paper statements.
Forget about expensive processing fees for cheques and wires. Online banking allows you to efficiently send electronic payments directly from your account for free. You’ll also save on postage and cheques. And with no tellers to pay, BMO passes the savings onto you with very affordable account fees for businesses.
BMO uses advanced security protocols like two-factor authentication, data encryption, and regular security assessments to safeguard your accounts and information. Get peace of mind knowing your finances and sensitive data are well protected. You can also set up alerts to monitor your accounts for any unauthorized activity.
While online banking provides convenience and control, BMO’s experienced business bankers are always available when you need them. Get advice on optimizing your cash flow, expansion plans, or any other financial matter. They can also help you discover all the features and tools in BMO Online Banking for Business to ensure you’re maximizing the benefits.
In summary, BMO Online Banking for Business provides an ideal solution for companies looking to simplify their banking, reduce costs, and gain more control and flexibility over their finances. The benefits of convenience, time-savings, affordability, security, and expert support make it a service any business can trust and rely on.
So there you have it. BMO online banking for business offers you an easy, affordable, and secure way to manage your company’s finances. With powerful tools tailored to businesses of all sizes, you’ll gain insights into your cash flow, pay bills, transfer funds, and so much more – all with a few clicks. Their customer service reps are there when you need them too. Why wait? Make your life easier and your business more efficient. Sign up for BMO online banking for business today. In no time, you’ll wonder how you ever managed without it.