Summary: BMO Harris bank account holders can buy stocks by signing up to a licensed broker that accepts US Dollar deposits from BMO online banking.
We recommend the eToro US platform because they offer fast and cheap bank transfers from BMO Harris Bank to trade over 7,000 Stocks, ETFs, Currencies, commodities, and more.
Can I Buy Stocks through BMO Harris Online Banking?
No, the BMO Harris Bank platform does not offer any direct methods for its customers to buy and sell Stocks, ETFs, Commodities, and other securities. That said, customers can connect their BMO Harris account to an SEC-licensed asset broker to deposit US Dollars and invest in financial assets.
How to Buy Stocks with BMO Harris
The easiest way to buy Stocks with BMO Harris bank is with the eToro trading platform. They are a leading global investment platform with over 17 million registered users from 140 countries. The company is licensed by the US Securities and Exchange Commission (SEC) and offers fast bank transfer deposit methods for BMO Harris Bank customers.
To get started, simply follow this 4 step guide:
- Sign up: Register for an eToro account and verify your identity.
- Deposit USD: Find the Deposit Funds button and transfer US Dollars to the unique deposit details from your BMO Harris online banking account.
- Find Asset: Find the Stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the amount you want to invest and execute your trade.
Can I invest in BMO Harris Stocks?
Yes, BMO Harris Bank is owned by the Bank of Montreal and you can invest in Bank of Montreal (TSE: BMO) stocks on platforms like Fidelity or eToro.
Best BMO Bank ETFs
BMO offers a variety of ETFs that cover different aspects of the market, including domestic and international equities, fixed income, and commodities. You can buy the BMO Harris ETFs directly through your online banking account, but you cannot buy other stocks.
Here are some of the best BMO ETFs for investors to consider.
1. BMO Aggregate Bond Index ETF (ZAG)
This ETF provides exposure to the Canadian bond market, including government, corporate, and provincial bonds. The fund has a MER of 0.22% and is suitable for investors looking for income and stability in their portfolio.
2. BMO S&P/TSX Capped Composite Index ETF (ZCN)
This ETF provides exposure to the largest and most liquid companies on the Toronto Stock Exchange. The fund has a MER of 0.05% and is suitable for investors looking for broad exposure to the Canadian market.
3. BMO S&P 500 Index ETF (ZSP)
This ETF provides exposure to the large-cap companies in the United States. The fund has a MER of 0.07% and is suitable for investors looking for broad exposure to the U.S. market.
4. BMO MSCI EAFE Index ETF (ZEA)
This ETF provides exposure to large- and mid-cap companies in Europe, Australasia, and the Far East. The fund has a MER of 0.35% and is suitable for investors looking for broad international exposure.
5. BMO MSCI Emerging Markets Index ETF (ZEM)
This ETF provides exposure to companies in developing economies around the world. The fund has a MER of 0.40% and is suitable for investors looking for higher growth potential in their portfolio.
About BMO Harris Bank
BMO Harris Bank is a leading financial institution providing a full range of banking, wealth management and investment services to personal, commercial and corporate customers across the United States. They offer a variety of checking and savings account options, as well as loans, credit cards, mortgages and more.
BMO Harris Bank's commitment to delivering an exceptional customer experience has earned us the J.D. Power and Associates award for "Highest Customer Satisfaction with Retail Banking in the Midwest" six years in a row from 2010-2015.
Headquartered in Chicago, BMO Harris Bank has over 700 branches and approximately 1,350 ATMs across the United States. They are a member of the BMO Financial Group (NYSE:BMO), a leading provider of banking and investment services in North America with total assets of over $637 billion as of June 31, 2022.