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  1. You can transfer funds anytime at no additional charge from your BMO U.S. dollar account to your eligible BMO U.S. personal deposit account wherever you have access to BMO Online Banking. You can also send a wire transfer from a BMO branch, wire transfer fees may apply.

  2. Can I set up recurring payments? Get all the answers to your frequently asked questions on BMO digital banking tools and services for U.S. customers here.

    • Bank Debit Transfers
    • Bank Credit Transfers
    • Bank Redirects

    Bank debit transfers occur when an account holder authorizes an outside party to “pull” funds from their bank account. The recipient’s bank initiates the transfer of funds, not the sender’s bank. When a customer sets up this type of bank transfer to make a payment, they provide their name and account details to the recipient, who will then use the ...

    These transactions use the same network as debit transfers, but the action is reversed: Instead of the recipient’s account “pulling” money from the sender’s account, credit transfers work by “pushing” money from the sender’s bank account to the recipient’s.

    Bank redirects are used in some online payment situations. Customers are redirected from the business’s website to their financial institution’s website, where they complete the transfer of funds. Bank redirects are often used for domestic purchases in the US, but they’re exponentially more popular overseas—in Germany, the Netherlands, and Malaysia...

  3. Jun 20, 2024 · A traditional way of transferring money between banks is by writing a check and depositing it either at a bank branch, online, through a mobile app or by mail. A money order can be used...

  4. Nov 12, 2019 · BMO offer online international payments through a partnership with Western Union. To use this service you’ll need to log into your online banking as normal, and follow the steps outlined. You’ll be able to send money to over 200 countries and territories thanks to the Western Union network and agent offices throughout the world².

  5. People also ask

  6. Mar 20, 2023 · Here’s how to transfer money from your bank to a bank account overseas, using a wire (SWIFT) transfer: Log into your online banking or visit a branch. Navigate to the payments area if you’re online, or ask a banker to help you. Enter the details of your payment, including the value and currency.