Taking your business across international borders means facing challenges such as time-zone differences, foreign regulatory environments, and the need to establish new banking relationships. BMO Capital Markets offers a centralized approach to treasury management that can help you open accounts and transact in Canada and Europe just as easily as you can in the U.S.

One Relationship
One Gateway
One World
Checking Accounts
ACH/EFT
Wire Payments
Infomation Reporting
Liquidity Management (Euro zone only)
Wholesale Lockbox

Whether you’re managing treasury operations in another city, another country or on another continent, your BMO relationship manager is your key contact. Unlike many other providers, we make sure that your account is overseen by a single relationship manager who understands your specific needs. There’s no need to establish further banking or credit relationships. When you need to navigate regional procedures and requirements – you deal with your team in the U.S. Wherever your vision leads you, your BMO relationship manager and client service team will be there to provide service and support.

No matter where you are doing business, our global solutions are accessible through a single channel. Our online portal, DirectLine®, connects you to consolidated reporting, account analysis and billing information, so you can centralize your global activity online. And when you need assistance or have a request, simply call our toll free number or send us an email for a quick response.

A full range of treasury management services is available through our global network. With the ability to execute local transactions in foreign countries, you can achieve significant cost savings and get easier access to the markets your business has targeted. Our parent company, BMO Financial Group, is one of North America’s largest and oldest financial institutions. BMO Capital Markets operates offices in 27 locations around the world, including 15 in North America, enabling us to provide seamless cross-border service. Our relationship with Deutsche Bank, the world’s number-one Euro clearer, gives you access to its broad networks and brings the Euro zone within easy reach.

Our Euro, British Pound Sterling, and Canadian dollar checking accounts enable you to do business across Europe and Canada. With access to local transaction types, you get lower transaction costs. We provide a single point of access for services provided at over 1,000 BMO branches and nearly 2,000 ATMs across Canada, as well as local branch services in Austria, Belgium, France, Germany, Italy, the Netherlands, Portugal, Spain and the United Kingdom. In Canada, you get the benefit of a highly efficient national check-clearing system, with same-day value coast to coast. And in the Euro zone, you can choose to pool your cash in continental Europe, or across continents. Wherever you do business, consolidated reports are available online, anytime.

In Canada, Electronic Funds Transfers (similar to ACH) are a cost effective tool for bulk and recurring payments to suppliers and employees, or for collecting payments from customers. In the United Kingdom, you can make payments in GBP using the Bankers Automated Clearing Services (Bacs). EFT allows you to conduct transactions locally, reducing the need for international wire payments and FX services. With EFT, you can electronically debit or credit accounts at any Canadian financial institution, in either Canadian or U.S. dollars. In Europe, the Single Euro Payments Area (SEPA) means your customers can make electronic Euro payments to you anywhere in the Euro zone, as domestic payments. We give you the ability to make these low-cost domestic payments, with bulk batch processing of your Euro or British Pound Sterling payment and collection items. Euro ACH also gives you clearing in local currency, saving you the cost of FX services.

Wire payments are a fast, secure and reliable way to make urgent, high value payments. No FX is required, and because you are making domestic Euro or Canadian-dollar payments, you pay lower domestic transaction fees. In Canada, the wire payments service is especially suited to high-value, time-sensitive payments, as finality of payment is guaranteed. Through DirectLine, you can also create payment templates and future-date payments up to 30 days in advance. In Europe, we ensure same-day value through the TARGET2, CHAPS, EURO1 and EBA Step1 settlement systems, when payments are submitted before the cut-off time. You get improved forecasting and the ability to put your liquid assets to work at the end of the business day.

We provide a familiar online gateway to all your real-time global account information. Real-time reports on your USD, CAD, GBP and Euro positions are available. View consolidated previous-day reporting on all your accounts with transaction details, balances and account statements. We provide SWIFT and account history reports on DirectLine, in BAI format. The Canadian clearing system can provide same-day value and backdating, so no availability float calculations are required for your Canadian accounts.

To ensure your cash stays hard at work even after the European business day is over, our automated liquidity management services can pool your operational funds from across the Euro zone into a central account for same day value. We can also zero-balance your Euro accounts into a Harris Euro multicurrency account. Detailed cash pool reports are available online. For clients who trade Euros, intercontinental pooling extends your trading day. When the European markets close, a book transfer sweeps your Euro balance to your Harris account, and real time settlement allows for a continued four hours of U.S. trading.

With multiple processing sites across Canada and Europe, we can collect your receivables and consolidate them to a single account. This is particularly beneficial if you receive large numbers of Canadian or European paper items and need to consolidate your funds for investments, disbursements or general operations. You can combine your U.S., European and Canadian lockbox data into DirectLine, for consolidated. You can also view and search for images of remittances and associated documents online. Images and remittance information are stored online for 90 days and are also available on CD ROM.