At BMO Nesbitt Burns we are committed to providing our clients with a broad range of wealth management solutions to help you address the complexities of managing your finances. The BMO Nesbitt Burns Preferred Plus Account (Preferred Plus Account) is designed to help you simplify your finances while addressing your cash management needs. The Preferred Plus Account seamlessly consolidates your BMO Nesbitt Burns investment (margin) account with a BMO Bank of Montreal® bank account – providing you with easy access to your funds. A BMO Nesbitt Burns investment account gives you access to award winning research1, a wide range of wealth management solutions and a working relationship with a highly skilled BMO Nesbitt Burns Investment Advisor. A BMO Bank of Montreal bank account assures you have convenient access to your money, as well as efficient deposit and withdrawal transactions. A Preferred Plus Account makes your financial life simpler so that you and your BMO Nesbitt Burns Investment Advisor can concentrate on the more important aspects of achieving your investment objectives and financial goals.
Your BMO Bank of Montreal bank account is available in both Canadian and U.S. dollars. Many everyday banking transactions are free of charge including debit purchases, withdrawals, bill payments, Canadian and U.S. money orders and bank drafts. Your BMO Nesbitt Burns Debit Card gives you easy access to the cash available in your Preferred Plus Account. Funds can be withdrawn or deposited in Canadian dollars at any BMO Bank of Montreal Instabank® automated banking machine (ABM). You may also use your BMO Nesbitt Burns Debit Card to withdraw cash at any ABM in Canada with the Interac®† symbol and throughout the world at any ABM with the Cirrus®† or Maestro®* symbol. In Canada your BMO Nesbitt Burns Debit Card may also be used for debit card purchases at any merchant displaying the Interac Direct Payment symbol and, throughout the world, on the Maestro network. In addition, you will have access to a credit limit based on the margin available in your investment account. Your credit limit functions like a line of credit which you can access with your BMO Nesbitt Burns Debit Card, through online and telephone banking or by writing a cheque.With BMO Bank of Montreal’s online or telephone banking, you can make bill payments, review your transactions and obtain cash balances. Using BMO Nesbitt Burns Gateway® you have online access to your Preferred Plus Account’s investment transactions and security positions. Each month (quarterly if there is no activity in the account), you will receive a BMO Nesbitt Burns consolidated statement that summarizes all your security transactions and holdings, as well as your banking transactions.
The comprehensive benefits of a Preferred Plus Account are yours free of charge if you have assets of $500,000 or more with BMO Nesbitt Burns. If you have less than $500,000 with BMO Nesbitt Burns, a $200 annual administration fee will be charged. With a Preferred Plus Account there’s less paper, fewer complications and increased control of your finances.
RIMA is designed to help you make the transition to retirement and manage your cash flow needs throughout the various stages of retirement. As a valued RIMA client, you will enjoy the following features and benefits:
Automatic deposit of all sources of retirement income.
Optional automatic monthly "paycheque”.
Direct access to your cash and investments — all in one account;
BMO Nesbitt Burns FirstBank® card, daily banking transactions through BMO bank machines, online and telephone banking;
Consolidated monthly reporting
A line of credit and free personal cheques; and
Access to online account monitoring through BMO Nesbitt Burns Gateway®.
Kubicek Carli Wealth Management Group