Can I move money from my BMO Bank of Montreal account into my BMO Nesbitt Burns account online?
Yes. By using the bill payment process of BMO Bank of Montreal’s online banking, telephone banking or ABM service, you can:

• Deposit funds into your BMO Nesbitt Burns cash or margin account
• Make a contribution into your BMO Nesbitt Burns RRSP or RESP account
• Make a spousal contribution into your BMO Nesbitt Burns Spousal RRSP account
• Pay your BMO Nesbitt Burns administration fees

In order to make a deposit, contribution, or payment, you will need to add your 10 digit BMO Nesbitt Burns account as a biller on BMO Bank of Montreal’s bill payment section of online or telephone banking. You can locate this number on the front of your BMO Nesbitt Burns account statement or by contacting your Investment Advisor. Please note, payments may take between 2 to 5 business days to process, depending on your financial institution.

I bank at a financial institution other than BMO Bank of Montreal. Can I use the online banking, telephone banking or ABM service of my financial institution to make a deposit, contribution, or payment into my BMO Nesbitt Burns account?
Yes. This service is available to BMO Bank of Montreal clients and other participating financial institutions. Please contact your financial institution to find out if it offers this service.

How can I make an RESP contribution using the online banking, telephone banking or ABM service of my financial institution?
In order to make a contribution into your RESP account, you will need to add your 10-digit BMO Nesbitt Burns RESP account number as a BMO Nesbitt Burns – Deposits and Regular Contributions biller in the bill payment section of your financial institution’s online or telephone banking service. In addition, you will need to contact your Investment Advisor with the beneficiary name/s and social insurance number/s for each RESP contribution. However, if the RESP contribution is set-up as a regularly scheduled payment (ex. Monthly), you will only be required to advise your Investment Advisor of the beneficiary name(s) and social insurance number(s) for the first scheduled payment.

There are three BMO Nesbitt Burns billers available on my financial institution’s online or telephone banking service, which one should I select?

• Select the BMO Nesbitt Burns – Deposits and Regular Contributions biller to make a deposit or payment into your BMO Nesbitt Burns cash or margin account or to contribute to your RRSP or RESP account. When making an RESP contribution, please remember to provide your Investment Advisor with the beneficiary name/s and social insurance number/s.
• Select the BMO Nesbitt Burns – Spousal Contributions biller to make a spousal contribution into your spousal RRSP account.
• Select the BMO Nesbitt Burns – Administration Fees biller only to pay the administration fee for your RRSP, RESP, RRIF, LRIF, LIF or LIRA account. This biller should not be used to make a contribution to any of the above accounts. If you are paying multiple fees, please pay them individually.

How long does it take to process the deposit, contribution, or payment I made into my BMO Nesbitt Burns account through my financial institution’s online or telephone banking service?
Payments for BMO Bank of Montreal clients can take between 2 to 3 business days to be processed to your BMO Nesbitt Burns account. Payments may take between 2 to 5 business days to be processed to your BMO Nesbitt Burns account if you bank at another financial institution. Please keep this in mind when making an RRSP contribution close to the deadline, or when making a deposit to cover a trade settlement.

Is there a limit to the amount I can deposit into my BMO Nesbitt Burns account through my financial institution’s online banking, telephone banking or ABM service?
Your financial institution may have a maximum daily limit for electronic or telephone transactions. Please check with your financial institution to find out if there is an amount you are limited to when making online or telephone banking, or ABM bill payments.

Who can I contact if I have any questions about a deposit, contribution, or payment I made into my BMO Nesbitt Burns account through my financial institution’s online banking, telephone banking or ABM service?
For any questions about a deposit, contribution, or payment you made into your BMO Nesbitt Burns account, you can contact your Investment Advisor. Please ensure you have the date and reference number of your payment when making an inquiry.

Who can I contact about setting up my BMO Nesbitt Burns account to accept a payment from my bank account?
For information about how to set your BMO Nesbitt Burns account to accept a payment by using the online banking, telephone banking or ABM bill payment service of your financial institution, please contact your financial institution’s support centre.