BMO introduces free Interac e-transfer for personal banking customers

BMO Bank of Montreal card in Apple Pay

BMO announced recently that its personal banking customers can now send unlimited Interac e-transfers at no cost.

The offer will be available on all ‘Everyday Banking’ plans and extends to all Canadian chequing and savings accounts that are tied to those plans.

“The expectations of our customers are shifting as more turn to mobile to bank on the go quickly and seamlessly. Offering free Interac e-transfer transactions is another example of how we’re providing digital solutions that meet these changing needs, and simplify the lives of our customers,” said Martin Nel, the head of personal and small business banking at BMO.

Nel goes on to say that Interac e-transfer is being used more than ever, with customers using the platform to pay rent, bills, vacations or just for a night out.

Interest in digital payments is surging across the country as Canadians become more comfortable and familiar with mobile payments.

Source: BMO