Banking made simpler — BMO's guide to helping newcomers start strong in Canada - Toronto Star

This article explores BMO's comprehensive banking support system designed specifically for newcomers to Canada. Written by staff from The Toronto Star, it outlines how financial institutions can ease the transition for new residents through pre-arrival services and educational resources.

The article details BMO's NewStart Program, which enables newcomers in 13 countries to establish banking relationships before arriving in Canada. This pre-arrival system allows instant account processing and includes two years of fee-free banking once activated. Additionally, BMO SmartProgress provides interactive educational modules covering budgeting, credit building, and investing at no cost.

• BMO's award-winning pre-arrival program offers instant account processing for eligible applicants in 13 countries
• The NewStart Program provides up to $2,300 in value, including two years of no monthly fees on Performance Chequing accounts
• Digital tools like My Financial Progress help clients set financial goals while the Newcomer Talent Program supports broader community integration
• BMO partners with cricket ambassador Rohit Sharma to create cultural connections and community support for newcomers