What is BMO's wire transfer limit?

BMO personal online banking accounts can send approximately $25,000 per day via wire transfer through BMO Online Banking. Higher amounts require visiting a branch. Business accounts may have different limits negotiated with BMO. Verify your specific limit in BMO Online Banking or by calling 1-877-225-5266.

How much does a BMO wire transfer cost?

BMO domestic wire transfer fees are approximately $15–$25 for outgoing wires sent within Canada. International outgoing wire transfers typically cost $25–$45. Receiving an incoming international wire costs approximately $15. Exact fees depend on account type and transfer details — confirm with BMO before initiating.

What is BMO's SWIFT code for international wire transfers?

BMO's SWIFT/BIC code is BOFMCAM2. Senders abroad need: SWIFT BOFMCAM2, your 5-digit BMO branch transit number, institution number 001, your full account number, your full legal name, and BMO's head office address: 100 King Street West, Toronto, Ontario, M5X 1A1, Canada.

What is the BMO wire transfer cutoff time?

BMO's wire transfer cutoff time is approximately 3:00 PM ET on business days. Wires submitted after 3:00 PM ET are typically processed the next business day. This applies to both domestic and international wire transfers. Always initiate time-sensitive transfers early in the business day.

How long does a BMO wire transfer take?

Domestic wire transfers (within Canada) typically arrive the same business day if submitted before the 3:00 PM ET cutoff. International wire transfers generally take 1–5 business days depending on the destination country, intermediary banks, and local banking rules. Currency conversions and compliance checks can add processing time.

BMO Wire Transfer Limit 2026 — Fees, SWIFT BOFMCAM2, and How to Send

BMO online wire transfer limit is approximately $25,000/day for personal accounts. For larger amounts, visit a BMO branch. The SWIFT code is BOFMCAM2. Domestic wire fee: $15–$25. International wire fee: $25–$45. Same-day processing cutoff: 3:00 PM ET.

Quick answer: BMO wire daily: ~$25,000 (online). SWIFT: BOFMCAM2. Domestic fee: $15–$25. International: $25–$45. Incoming: ~$15. Cutoff: 3 PM ET.

Wire transfer fees and limits change. Verify current BMO rates at bmo.com or call 1-877-225-5266 before initiating.

BMO Wire Transfer Summary 2026

Transfer Type	Limit	Fee	Processing
Domestic (online, personal)	~$25,000/day	$15–$25	Same business day (before 3 PM ET)
International (online, personal)	~$25,000/day	$25–$45	1–5 business days
Branch wire (higher amounts)	Negotiated	Varies	Same day or next day
Incoming domestic wire	No limit	~$15	Same business day
Incoming international wire	No limit	~$15	1–5 business days
FX conversion	—	~2.5% spread	Applied at transfer

When to Use a Wire Transfer vs. an e-Transfer

Wire transfers and Interac e-Transfers are both ways to move money, but they serve different purposes:

Feature	Interac e-Transfer	BMO Wire Transfer
Daily limit	$3,000	~$25,000 (online)
Speed	Minutes	Same day (domestic, before 3 PM)
Cost	Free (Performance account)	$15–$45 per transfer
Recipient needs	Email/phone	Bank account + routing details
International	No	Yes (SWIFT)
Best for	Everyday personal payments	Large amounts, business, international

For amounts under $3,000, use an e-Transfer — it’s free and instant. For amounts over $3,000, or for international transfers, a wire is the appropriate tool.

BMO Incoming Wire Transfer Details

If someone needs to send a domestic or international wire to your BMO account, provide:

For domestic (Canadian) wires:

Institution number: 001
Transit number: your 5-digit transit (from BMO app or cheque)
Account number: your full BMO account number
Bank name: BMO Bank of Montreal

For international SWIFT wires:

SWIFT/BIC: BOFMCAM2
Account number: your full BMO account number
Bank name: BMO Bank of Montreal
Bank address: 100 King Street West, Toronto, ON M5X 1A1

Incoming wire fee: approximately $15 from BMO’s side (the sender’s bank may charge additional fees).

How to Send a BMO Wire Transfer Online

Log in to BMO Online Banking (bmo.com)
Navigate to Transfers → Wire Transfer
Select your BMO account as the source
Enter recipient’s banking details:
- For domestic: transit, institution, account number
- For international: SWIFT code, IBAN (if applicable), account number, bank name and address
Enter the amount and currency
Review the fees and exchange rate (displayed before confirmation)
Confirm and submit

For domestic wires submitted before 3:00 PM ET on a business day, processing is typically same-day. Submissions after 3 PM ET or on weekends/holidays process the next business day.

Sending Over $25,000

Online wire transfers have an approximate daily limit of $25,000 for personal accounts. For larger amounts:

Visit a BMO branch — tellers can process higher amounts (limits negotiated based on purpose and account history)
Call BMO Telephone Banking at 1-877-225-5266 — some large transfers can be arranged by phone

BMO Wire Transfer vs. Alternatives

Method	Max Amount	Cost	Speed	Best For
e-Transfer	$3,000/day	Free	Minutes	Everyday payments
BMO online wire (domestic)	~$25,000/day	$15–$25	Same day	Large domestic payments
BMO international wire	~$25,000/day	$25–$45	1–5 days	International payments
Wise	No set limit	~0.5–1%	1–3 days	International (lower FX fee)
TransferWise/Remitly	No set limit	Low	1–3 days	Recurring international remittances

For large international transfers, Wise typically offers better exchange rates than bank wire transfers (2.5% spread vs. Wise’s 0.5–1% fee). For regulatory or compliance reasons (large transfers to financial institutions, real estate, business payments), a bank SWIFT wire is often required or preferred.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy