Ultimately, this savings option is a low-maintenance, no-monthly-fee account that like students, seniors, Indigenous Canadians.
In addition, the account has no monthly fee, no minimum savings deposit, and unlimited self-serve transfers between your other BMO accounts. It just reflects their higher overhead costs, which make it more challenging for them to offer stellar rates to savers. She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. There's no way to make mobile check deposits into your account, either. You have to opt in to this service.
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