DrawCheque: Deposit management and transfer service

Our DrawCheque service lets you consolidate deposits made at any Canadian deposit-taking institution into your BMO account – online or by phone.

Improved cash flow

• Transfer funds from other Canadian financial institutions to your BMO account
• Simply dial a toll-free number and follow the easy instructions, or log in to a secure website
• Get rapid access to your funds to cover expenses, reduce debt or reinvest in your company

Simplified, streamlined processes

• Transfer funds or manage multiple business accounts online or by phone, anytime
• Enjoy same-day value on transfers placed before 7 p.m. ET
• Access easy-to-use reports to help you track and manage cash flows

Security and Convenience

• For employee safety and convenience, let business outlets make deposits at the closest financial institution
• Secure login process helps minimize risks