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Home : Products and Services : Treasury Services : Treasury Management : Managing Receivables : Between BMO accounts

Cash Concentration Services - Between BMO accounts

Consolidate deposits into your central business account for fast, convenient access to your capital

Our cash concentration service automatically moves your funds from multiple BMO locations to your central corporate account. Your employees simply make deposits at the nearest BMO Bank of Montreal branch, and we centralize your funds immediately.

Detailed reports, available online via our web-based DirectLine^® service, keep you informed by tracking dollar amounts reported in each location.

Benefits:
	Improved cash flow - with immediate access to your funds, you can put your cash to work rather than watching it idle in a field account
	Reduced costs - having only one central account saves time and costs associated with managing multiple accounts and manually transferring funds
	Added convenience - make deposits at any BMO Bank of Montreal branch across Canada
	Informed decision-making - detailed reports let you monitor each business outlet’s daily deposit activity