What is the BMO wire transfer limit?

The standard BMO online wire transfer limit for personal accounts is approximately $50,000 per day through BMO Online Banking. For amounts above this threshold, you must visit a BMO branch where higher limits are available with proper identification. BMO may also apply per-transfer limits on international wires depending on currency and destination country — confirm with BMO at 1-877-225-5266.

How much does BMO charge for a wire transfer?

A domestic wire transfer within Canada costs approximately $25.00. An outgoing international wire transfer costs approximately $40–$65 depending on the amount and destination currency. Incoming international wires typically cost approximately $15.00. Premium Plan account holders may qualify for reduced wire fees — confirm the current fee with BMO at 1-877-225-5266.

What is BMO's SWIFT code?

BMO's SWIFT/BIC code is BOFMCAM2. Provide this code when someone outside Canada needs to send a wire transfer to your BMO account. Along with the SWIFT code, you will need to provide your full name, 5-digit transit number, account number, and the bank address: Bank of Montreal, 129 Rue Saint-Jacques, Montreal, QC H2Y 1L6.

How long does a BMO wire transfer take?

Domestic wire transfers within Canada typically clear the same business day if initiated before the daily cutoff (usually 3:00–4:00 PM ET). International wire transfers typically take 1–5 business days depending on the destination country, currency, and whether intermediary correspondent banks are involved.

Can I send a wire transfer from BMO online?

Yes. BMO supports wire transfers through BMO Online Banking for amounts up to approximately $50,000 per day. Log in, navigate to Transfers, and select Wire Transfer. For your first wire transfer or for transfers to a new recipient, BMO may require additional verification. For larger amounts, visit a BMO branch or call 1-877-225-5266.

Can I wire money between my Canadian BMO account and my US BMO Harris account?

Yes, but the two accounts operate under different banking systems. Your Canadian BMO account uses the Canadian routing system (institution 001, SWIFT BOFMCAM2). Your BMO Harris account uses the US ABA routing system. Transfers between the two involve currency conversion at BMO's posted exchange rate. Contact BMO at 1-877-225-5266 or BMO Harris for the most current cross-border transfer process.

BMO Wire Transfer Limit 2026 | Fees, Times & SWIFT Code BOFMCAM2

BMO wire transfers are available through BMO Online Banking for amounts up to approximately $50,000 per day, or through a branch for larger amounts. The standard domestic wire fee is approximately $25, and international wires run $40–$65. BMO’s SWIFT code for Canadian accounts is BOFMCAM2.

Wire Transfer Limits

Transfer Type	Online Limit	Branch Limit
Domestic (Canada to Canada)	~$50,000/day	Higher; ID required
International (outgoing)	~$50,000/day	Higher; ID required
International (incoming)	No limit	No limit

Business accounts and Premium Plan holders with an established account history may have access to higher online limits. Call 1-877-225-5266 to confirm your current limits or arrange a higher one-time limit.

Wire Transfer Fees

Transfer Type	Fee
Domestic wire (outgoing)	~$25.00
International wire (outgoing)	~$40–$65
International wire (incoming)	~$15.00
Foreign currency conversion	2.5% on non-CAD wires

Fees are deducted from your account at the time of initiation. Confirm the exact fee in BMO Online Banking at the time of the transfer — international wire fees vary based on destination currency and amount.

SWIFT Code and International Wire Details

To receive an international wire transfer to your BMO account, provide the sender with:

Detail	Value
SWIFT/BIC code	BOFMCAM2
Bank name	Bank of Montreal
Bank address	129 Rue Saint-Jacques, Montreal, QC H2Y 1L6
Your transit number	5-digit branch transit (find in BMO Online Banking)
Your account number	From BMO Online Banking or chequebook
Your full name	As it appears on your account

Processing Times

Transfer Type	Typical Processing Time
Domestic wire	Same business day (if before ~3:00 PM ET cutoff)
International wire (major currencies)	1–3 business days
International wire (emerging markets)	3–5 business days
Cross-border BMO to BMO Harris (USD)	1–3 business days

How to Send a Wire Transfer Through BMO Online Banking

Log in to BMO Online Banking
Navigate to Transfers → Wire Transfer
Select the account to debit
For domestic wires: enter the recipient’s institution number, transit number, and account number
For international wires: enter the recipient’s SWIFT code, account or IBAN number, and bank address
Enter the amount and currency
Review fees and confirm
BMO may prompt for additional verification on first-time or large transfers

Alternatives to Wire Transfers

Option	Max Amount	Cost	Best For
Interac e-Transfer	$3,000/transaction	$0 (Plus/Premium)	Domestic under $3,000
BMO Online wire	~$50,000/day	~$25 domestic	Larger domestic transfers
Bank draft	Any amount	Free (Premium) / $7.50	Guaranteed funds
BMO Harris transfer (USD)	Varies	Currency conversion	US-side transfers