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01-10-2009, 07:01 PM
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#1 | HELP ME PLS!!!
Join Date: Jan 2005 Location: Vancouver
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| Transfering Money From BMO
Hey guys, How can I transfer my money from BMO's savings account to my new PC Financial banking account, so I can cancel it after?
I can't find the option to do this.
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01-10-2009, 07:14 PM
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#2 | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
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What?
How can you transfer money from BMO savings then to PC and then cancel it?
What?
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01-10-2009, 07:34 PM
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#3 | I came, I saw, I conquered.
Join Date: Mar 2005 Location: Vancouver
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I think he meant that he wanted to close down the BMO account.
Anyways, tell the BMO teller that you want to close down the account and withdraw all the money inside. They will issue you a bank draft (I believe it is free) and you can then deposit the bank draft through a PC automated banking machine.
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01-10-2009, 08:25 PM
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#4 | 14 dolla balla aint got nothing on me!
Join Date: Jan 2004 Location: Burnaby
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1. email transfer
2. bank draft/MO
3. cheque (wait 5 bus. days for it to clear)
4. withdraw cash and deposit at PC
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01-11-2009, 08:38 PM
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#5 | The RS Freebie guru
Join Date: Jul 2001 Location: East Vancouver
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If it's just a one time transfer to close out your account, probably easiest to just write yourself a cheque from your old account and deposit it into your new account.
Getting a bank draft or money order will probably have less complications, but contrary to what Slifer says, it SHOULD cost you a fee, like $5 or more.
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01-11-2009, 09:13 PM
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#6 | HELP ME PLS!!!
Join Date: Jan 2004 Location: here
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I transfer money back and forth between PC and TD on the PC website... I don't see why you coudln't do it with BMO. just add the acount info.
transfering online is free for PC.
Last edited by johny; 01-11-2009 at 09:17 PM.
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01-11-2009, 09:32 PM
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#7 | Captain Happy Bubble is my Homeboy
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there is usually a fee associated with transfering funds from one bank to another. If you have cheques available from your BMO account, you should just write yourself a cheque and deposit it thru the machine. If not then go to the BMO bank teller and ask for a bank draft which would cost between 5-10 dollars or free depending on your account.
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01-11-2009, 09:57 PM
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#8 | What hasn't Killed me, has made me more tolerant of RS!
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| Quote:
Originally Posted by MrDevil there is usually a fee associated with transfering funds from one bank to another. If you have cheques available from your BMO account, you should just write yourself a cheque and deposit it thru the machine. If not then go to the BMO bank teller and ask for a bank draft which would cost between 5-10 dollars or free depending on your account. | It is funny how I did the exact same thing (BMO -> PC) a few years back. Just write yourself a cheque. Also, their might be a fee closing your account.. They make you pay for the current monthly fee but you can fight that.
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01-12-2009, 01:45 AM
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#9 | The RS Freebie guru
Join Date: Jul 2001 Location: East Vancouver
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| Quote:
Originally Posted by johny I transfer money back and forth between PC and TD on the PC website... I don't see why you coudln't do it with BMO. just add the acount info.
transfering online is free for PC. | If it's just a one time transfer, it's not worth the hassle of setting that up.
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