2016-07-21|Important changes to your Business Current Account ending in 7412

To whom it may concern

• In Important changes to your Business Current Account ending in 7412, BMO Bank of Montreal wrote:

  Effective September 1, 2016, your Business Current Account ending in 7412 will automatically be switched from Small Business Banking Plan More Cheques to the Business Start Plan.
  	Current	New
  Monthly Balance Fee Waiver	$4 000	Not Available

• Since 1999-08-01 (17 years ago), I have not paid any Monthly Bank Plan fee for my Business Banking Plans because I maintained the minimum balance of $4K CAD. When I called BMO Bank of Montreal's 1-877-CALL-BMO number, the agent told me that there are Business Builder Plans that have no Monthly Bank Plan fee, but the minimum balance requirement is $35K CAD or $80K CAD instead of $4K CAD! However, the agent instructed me to visit the branch to ask for a waiver. When I talked to the branch manager, she told me that she does not have authority to do so!!

• Thank you very much for your attention.

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"Sunatori, Go Simon" <GS.Sunatori@HyperInfo.CA>

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• 2024-12-17T20:39:02.000Z