Golden Girl Finance
 
BMO Financial Group
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Personal Finance

How managing everything from investing to everyday spending just got easier

January 27th, 2015 by

A new single-login, multi-purpose tablet app from BMO helps to bring all your finances into one online space

 
 

While smartphones remain the go-to device for most people, tablets are becoming more and more commonplace among Canadians - in fact, 49 percent now own one. However, when it comes to managing your finances from this popular device, 55 percent of tablet users feel there isn’t a convenient app available to help them manage all of their needs.

The lack of a simple, multi-purpose app is frustrating and discouraging for many tablet users, with 75 percent forced to switch back and forth between various apps to cover all of their needs.

Save time and eliminate the guess work

To fill this gap in the market, BMO Financial Group has introduced the BMO Banking & InvestorLine iPad app. This marks the first time a major Canadian bank has offered an integrated app that gives customers access to personal banking and self-directed investing services along with a personal finance management tool.

This do-it-all app saves time and headaches - eliminating the guess work and providing a more holistic financial picture.

“The expectation of consumers drives innovation. In terms of managing your finances in the online space, that expectation is to have intuitive, comprehensive tools that allow for effective management of all aspects of personal finance - from analyzing basic spending patterns to investing - in one place while on-the-go or at home,” noted Cesar Rainusso, Vice-President, Digital Channels, BMO Financial Group  “This integrated app was designed to help Canadians cover all the bases while keeping the overall customer experience simple and streamlined.” 

Mr. Rainusso added that three quarters (73 percent) of Canadians would be interested in an app that allows them to conduct banking and investing in one place, and half (52 percent) of those who currently manage their own investments, would be interested in changing financial institutions to get an app that allows them to do so.

App tools and features

Through one login, the integrated BMO app offers a variety of innovative tools and features, including:

  • ‘Manage My Finances’ - almost like a personal financial fitness trainer that provides BMO Everyday Banking customers with the ability to create budgets, set savings goals, track spending and analyze cash flows and transactions.
  • ‘Book an Appointment’ - real people, real talk. This easy-to-use feature simplifies the process of booking a branch appointment, plus it’s done in real time.
  • The ability to set travel notifications for BMO MasterCard credit cards, while you wait for take-off. Bon Voyage!
  • No more panic over missed bills or guessing who you cut that cheque for - view cheque images and set up multiple bill payments.
  • Be in the know - access to video news for the latest quotes and market updates for BMO InvestorLine customers and the ability to trade equities, ETFs, options, mutual funds, and GICs.
  • An interactive ticker for BMO InvestorLine customers to view continuous market action from the bottom of their screen.
  • A personalized heatmap to track performance of customers’ holdings and watchlists.

BMO Banking & InvestorLine is available for free from the App Store on iPad or at AppStore.com/BMOFinancialGroup
 

Personal Finance

'BMOst of Summer' financial tip: Start a 'rainy day' fund this summer

August 21st, 2013 by ,    photos by bmo.com

Press release - BMO Financial Group (BMO) - August 21, 2013

 
 

TORONTO, ONTARIO--(Marketwired - Aug. 21, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing financial tips throughout the summer to help Canadians make the 'BMOst of summer' in 2013.

BMOst of Summer Financial Tip: Start a 'rainy day' fund this summer.

According to the 3rd Annual BMO Rainy Day Survey, while two-thirds (66 percent) of Canadians feel prepared financially to handle a financial emergency, the majority (51 percent) have less than $10,000 in savings to cover unexpected expenses, and another one in five (17 percent) have less than $1,000.

"Financial emergencies, such as a broken home appliance or major car repairs, can crop up at any time and, without some form of financial cushion, can potentially cause households to take on more debt than is necessary," said Frances Hinojosa Personal Finance Expert, BMO Bank of Montreal. "The ideal emergency savings fund should be equal to three to six months of your income."

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Full press release

Investing

BMO: Don't let market fluctuations rain on your summer vacation

August 8th, 2013 by ,    photos by bmo.com

Press release - BMO Financial Group (BMO) - August 8, 2013

 
 

TORONTO, ONTARIO--(Marketwired - Aug. 8, 2013) - Global and financial market developments continue to make headlines with the U.S. producing positive economic results and emerging market equities showing the potential of a promising future. Meanwhile, growth in China remains sluggish and Japan's workforce continues to shrink. With corporate earnings season now in full swing as well, investors know they need to keep an eye on their investment portfolios.

A BMO study has found that eight-in-ten Canadians plan on taking a summer vacation. When they do, they may find it a challenge to stay current with the financial news of the day. It can be even more difficult to keep an eye on specific investments.

"Although life traditionally slows down for many Canadians during the summer months, their portfolios still require monitoring to ensure they are on track to meet their financial goals," said Larry Moser, Regional Sales Manager, BMO Retail Investments. "The markets don't take a vacation, so it's important investors stay on top of the latest financial trends and remain aware of how these may impact their investments."

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Full press release

Stock Market

Bank of Montreal announces dividend rates

July 29th, 2013 by ,    photos by bmo.com

Press release - BMO Financial Group (BMO) - July 29, 2013

 
 

TORONTO, ONTARIO--(Marketwired - July 29, 2013) - Further to Bank of Montreal's (the "Bank") news release of July 22, 2013, the Bank today announced the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 16 (the "Preferred Shares Series 16") and Non-Cumulative Floating Rate Class B Preferred Shares, Series 17 (the "Preferred Shares Series 17").

With respect to any Preferred Shares Series 16 that remain outstanding after August 26, 2013, commencing as of such date, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of the Bank and subject to the provisions of the Bank Act (Canada). The dividend rate for the five-year period commencing on August 26, 2013, and ending on August 25, 2018, will be 3.390%, being equal to the sum of the five-year Government of Canada bond yield as at July 29, 2013, plus 1.65%, as determined in accordance with the terms of the Preferred Shares Series 16.

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Full press release

Stock Market

'BMOst of Summer' financial tip of the day: Use the 'dog days of summer' to clean-up your financial house and keep financial priorities in order

July 26th, 2013 by ,    photos by bmo.com

Press release - BMO Financial Group (BMO) - July 26, 2013

 
 

TORONTO, ONTARIO--(Marketwired - July 26, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing financial tips throughout the summer to help Canadians make the 'BMOst of summer' in 2013.

BMO's Tip of the Day: Use the "dog days of summer" to clean-up your financial house and keep financial priorities in order.

While the majority (79 per cent) of Canadians say they will look for ways to save and maximize the value of their dollar this summer, one-third (34 per cent) say they take a "mental vacation" from thinking about their finances during the summertime, according to a BMO Bank of Montreal survey.

Consider taking advantage of the longer days and slower pace of summer living and revisit your financial goals and priorities to ensure they continue to align with both your present situation and future plans.

Want to read more?

Full press release