BMO* Charge (What It Is + Is It Legit?)
â LegitimateThe "BMO*" charge is from BMO Bank of Montreal. BMO credit card or banking fee.
BMO Bank of Montreal
BMO credit card or banking fee.
Category
Banking
Avg. Charge
Variable
Country
CA
Billing Cycle
One-time
Cancel At
bmo.com/main/contact-us/
Support
1-877-225-5266
What is this charge?
When BMO Bank of Montreal processes transactions and fees through its internal billing systems, the charge is truncated to "BMO*" on your bank statement because card networks like Visa and Mastercard enforce strict character limits on merchant descriptors, typically capping them at 22 characters or fewer. The asterisk following "BMO" is a standard delimiter used by Canadian banking systems to separate the institution identifier from any additional transaction detail, such as an account number or service type, that may or may not display depending on your bank's statement formatting. If you see "BMO*" on your statement, it is almost certainly a legitimate fee or charge originating directly from BMO Bank of Montreal, such as a monthly account fee, credit card annual fee, or service charge.
How to handle this charge
Log into your BMO account
Visit bmo.com/en-ca and sign into your BMO Bank of Montreal online banking account to review your recent transaction history. Look for the BMO* charge and check the date, amount, and description to determine whether it matches a known BMO credit card fee, monthly banking fee, or service charge.
Match the charge to your BMO plan
Compare the BMO* charge against your current BMO Bank of Montreal account plan or credit card agreement. BMO commonly charges monthly fees for chequing accounts, credit card annual fees, or overdraft protection. Check your account plan details within the BMO app or online portal to confirm the charge aligns with your enrolled services.
Contact BMO directly for clarification
If you cannot identify the specific reason for the BMO* charge, reach out to BMO Bank of Montreal directly through their official contact page at bmo.com/main/contact-us/ to speak with a representative who can provide a full breakdown of the fee and which account or product it was applied to.
Review and adjust your BMO services if needed
If the BMO* charge is legitimate but unexpected, use your conversation with BMO Bank of Montreal to explore whether you can switch to a different account plan, waive eligible fees, or bundle services to reduce future charges. BMO offers various account tiers, and a representative can help you find the most cost-effective option for your banking needs.
đĄ Tip â call before disputing
Try calling BMO Bank of Montreal at 1-877-225-5266 first. Most refund requests get resolved in one call, and bank disputes take 10+ days.
âšī¸ International processing
This charge is processed in CA. You may see a foreign transaction fee from your bank (typically 1-3%).
Quick fraud check
No, this is a legitimate charge from BMO Bank of Montreal. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.
Frequently Asked Questions
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