BMO

Feature overview

What you get

Light pays out of your BMO accounts and reads the statements back. Payment files leave Light in the format BMO expects and the statement returns to the same ledger line, so nobody is uploading a payment file by hand or ticking off a bank statement at month end.

6 maintained formats sit behind this one entry — one per country, channel and message type BMO supports — and they are updated as the bank changes them, so a format change is never your project.

• Pay suppliers, staff and tax from BMO in Canada, United States.
• Domestic DCS, Domestic account to account, Domestic account to account express and 6 more — 9 payment types in all.
• Connects over Encrypted file exchange (PGP).
• Every payment carries its ledger reference, so the statement reconciles itself.

Where it is supported

• 🇨🇦Canada
• 🇺🇸United States

Payment types

• Domestic DCS
• Domestic account to account
• Domestic account to account express
• Domestic account to account high value
• Domestic account to cheque
• Domestic positive pay
• Electronic Funds Transfer (Domestic Wire)
• Int. Payment
• International account to account express