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BMO Bank National Association

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BMO Bank National Association ACH Number: 07102566

BMO Bank National Association is an FDIC insured institution headquartered at 320 S Canal St, Chicago, IL 60606.
It was founded in 1947 and has approximately $264 billion in assets. Customers can open an account at one of its 630 branches.

Deposit Rates - January 21, 2025

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16571
Date Established 1947
Assets $ 264.33 billion
Loans $ 145.25 billion
Deposits $ 209.73 billion
Capital $ 35.47 billion

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 23.74 billion
Interest-bearing balances $ 21.22 billion
Total securities $ 68.22 billion
Federal funds sold and reverse repurchase $ 51.42 million
Net loans and leases $ 145.25 billion
Loan loss allowance $ 2.14 billion
Trading account assets $ 213.08 million
Bank premises and fixed assets N.A.
Other real estate owned $ 50.91 million
Goodwill and other intangibles $ 13.06 billion
All other assets $ 7.02 billion
     Total Assets $ 228.86 billion

LIABILITIES
Total deposits $ 209.73 billion
      Interest-bearing deposits $ 166.15 billion
      Deposits held in domestic offices $ 209.73 billion
      % insured (estimated) 50.82%
Federal funds purchased and repurchase agreements $ 1,553.42 million
Trading liabilities $ 217.59 million
Other borrowed funds $ 11.31 billion
Subordinated debt $ 500.00 million
All other liabilities $ 2.27 billionn
      Total Liabilities $ 228.86 billion
      Shareholders’ Equity $ 35.47 billion

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 10.25 billion
Total Interest Expense $ 4.88 billion
Net interest income $ 5.36 billion
Provision for loan and lease losses $ 490.70 million
Total non interest income $ 1,097.60 million
Total non interest expense $ 2.86 billion
Pre-tax Net Operating Income $ 1,103.99 million

Customer Reviews for BMO Bank National Association (3)

Rated 1.00 stars out of 5 - based on 3 reviews

  • They gave me the new, lower CD rate even though I had opened the account online when the CD rate was 0.15% higher. I checked with Wells and they had even initiated the transfer before they lowered the rate. I called CSR and the rep who seemed to be in Mississippi said "it goes both ways, you understand." Just trying to get my money back from these folks now. Don't ever do business with BMO Alto.

  • Terrible! Their bill pay does not always pay on time. I set payments for a certain date and they did not arrive on the “guaranteed” arrival date. We ended up with late fees for our credit card not once but twice! Their resolution department promised to cover the fees, but never did. They instead made excuses as to why the bill was not paid in time. I’ve pulled my money from this account and will tell everyone I know about my experience.

  • Terrible, their website does not work, they advertise rates that they will not actually give you. Keep in mind I have banked here my entire life. Never wanted to go to a larger bank, but maybe they won't have me feeling like I am being scammed.

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