Bank of Montreal SWIFT/BIC Codes

The SWIFT/BIC code for the Bank of Montreal (BMO) is BOFMCAM2XXX.

If funds are being sent from the US, the sender will need to provide a BMO Routing/ABA number additionally, which is 026005092.

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BMO uses different SWIFT codes for different banking services. We recommend double-checking to make sure your transfer is going to the right place.

If you're looking for BMO's SWIFT/BIC code, you probably are either:

  1. sending money to Canada from abroad, or
  2. receiving money to your BMO account from abroad.

If so, then you should beware of hidden bank fees and consider using a digital provider to save money instead. To see why we recommend most people avoid the bank for international money transfers, select the link below that applies to your situation:

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Key Takeaways

❌ Don't send money to BMO in Canada with your bank

✅ Compare cheaper, faster, and savvier alternatives instead

Sending Money to Canada

If you're sending money internationally to a BMO bank account in Canada through your local bank, the transaction will likely be much pricier than it ought to be. —

This is because fixed international bank transfer fees, bad exchange rates, and correspondent banking fees can stack up very quickly. At Monito, we analyzed the cost of sending money with around 50 major banks in eight countries around the world, and we can confidently say that we don't recommend using your bank to send money to Canada.

Additionally, bank transfers via the SWIFT network tend to take quite long (between one and five business days on average), meaning they're not a good option if you want to make a speedy transfer.

Fortunately for you, much smarter alternatives exist. Using a digital money transfer provider, not only could you up to 95% in fees compared to the bank, but you'll also be able to send money more quickly to your beneficiary's account at Bank of Montreal. Compare now on Monito's real-time comparison engine to find the cheapest way to send to any BMO account in Canada:

Compare better ways to send money to BMO in Canada:

Receiving Money From Abroad

Are you expecting a transfer from abroad and is the sender asking you to provide a BMO SWIFT/BIC code? Then you're likely going to receive less than you should because of the high international bank transfer fees and bad exchange rates that are usually applied by the senders' bank.

For example, a typical US Bank will charge between 5% and 10% in total fees for sending $1,000 from the US. With costs like this, instead of receiving C$1,259 at today's* mid-market rate, you'd receive only around C$1,100. That's easily C$100 less than you should've received.

Luckily, a much better alternative exists to save money when receiving money in Canada from abroad. It's called the Wise Account and it's available for both individuals and businesses. Using a Wise Account (available in Canada), you'll get local bank account details for 10 different currencies. What's more, you'll be able to send, hold, spend, and receive Canadian dollars and other foreign currency at the mid-market exchange rate with low, transparent fees. This means you'll be able to use Wise to receive money like a local in Canada (and other currencies), making it an excellent online account for this purpose.

* Conversion made: 06/05/2022


To learn more about Bank of Montreal SWIFT/BIC codes, take a look at the table below, which breaks things down further for your convenience:

Bank Name

The Bank of Montreal (BMO)



SWIFT Branch

Head Office


100 King Street West, 28th Floor



Postal Code

M5X 1A1



Other Branches

📍 BMO Branch Locator

Last updated: 6/9/2022

Frequently Asked Questions about SWIFT / BIC Codes

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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