BMO Alto, a division of Bank of Montreal Harris
Analysis
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Edited by General
BMO Alto's online high-yield savings account and CDs made their debut in 2023 with some of the most competitive savings and CD rates. Its savings rate has remained strong, but its CD rates are no longer competitive. All BMO Alto accounts are available nationwide with no monthly service fees and no minimum balance requirements.
Advantages
- BMO's online savings rate remains competitive with no minimum balance requirement.
Disadvantages
- BMO Alto's customer service is atrocious and its representatives have no familiarity with the products or the bank's terms.
- BMO has no mobile app and there is no way to deposit money to bank without a correspondent account.
- Customers may not access any account services through any US or Canadian branches of Bank of Montreal or BMO Harris Bank.
Best Rate
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
BMO Alto, a division of Bank of Montreal Harris Reviews
Jenny Kingston
June 10, 2024 |
I guess customer service is in the US (not sure). I'd rather that someone in the Philippines answered though. These people are so poorly trained and ill informed that I do not trust them with my personal info. #1 worst customer service of any online bank.
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