TORONTO, Aug. 22,
2023 /CNW/ - BMO today announced its support for
communities in British Columbia
and the Northwest Territories
affected by wildfires, with specialized assistance programs to aid
those facing financial hardship.
BMO also announced it will contribute $100,000 to the Canadian Red Cross and United Way
to support relief efforts in British
Columbia and the Northwest
Territories. Donations to the Canadian Red Cross and United
Way will be used to provide emergency and ongoing relief, recovery
and resilience efforts to those most affected.
"Our thoughts are with everyone affected by these devasting
fires and we are committed to doing our part to help make sure
families, businesses and communities get the help they need,"
said Steve Murphy, Head, Canadian Personal and Business
Banking Distribution, BMO. "Customers in communities affected by
wildfires can count on BMO to expedite relief options."
Financial relief available to BMO customers affected by this
event can include:
- Loan and mortgage payment deferral
- Loan and mortgage payment protection
- Skip-a-payment option on mortgages, instalment loans and credit
- Support for Canadian Business Banking and Commercial Banking
clients via payment deferrals and fee relief where possible.
Customers should contact their relationship manager to discuss
options or accommodations.
To access BMO's relief options, customers can connect in branch,
by phone, or through the support options in BMO's online and mobile
BMO is also accepting donations in branches across Canada and online to support the Canadian Red
Cross. Learn more by visiting a local branch, online at
www.redcross.ca/ or by calling 1-800-418-1111.
About BMO Financial
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.25 trillion as of April 30, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to over 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future and inclusive
SOURCE BMO Financial Group