BMO (Bank of Montreal) SWIFT Code: BOFMCAM2

BMO SWIFT Code: BOFMCAM2

The SWIFT/BIC code for Bank of Montreal (BMO) is BOFMCAM2. BOFM identifies BMO, CA stands for Canada, and M2 is the Montreal location code. This code routes international wire transfers to BMO accounts across Canada.

BMO is Canada's oldest bank, founded in 1817 — seven years before the country even had a central bank. It is the fourth-largest Canadian bank by total assets. BMO also operates BMO Harris Bank in the US Midwest, serving over 12 million customers across both countries.

CAD Wire Processing and Cross-Border US Operations

BMO processes incoming CAD wires through the Large Value Transfer System (LVTS) same-day. USD wires settle within 1 business day. The bank charges CAD 15 to CAD 45 for incoming international transfers depending on currency and account type.

BMO's acquisition of Bank of the West in 2023 expanded its US footprint significantly. However, US-based BMO Harris Bank accounts use a different SWIFT code (HATRUS44). Senders must use BOFMCAM2 specifically for Canadian-domiciled BMO accounts.

BMO's History as Canada's Oldest Bank

BMO was the first permanent bank in British North America. Its original charter preceded the creation of the Bank of Canada by over a century. Today, BMO Capital Markets is one of Canada's largest investment banks, handling a significant share of CAD-denominated bond issuance and equity underwriting.

The bank's Montreal headquarters reflects its Francophone roots. BMO serves both English and French-speaking markets, with significant corporate banking operations in both Montreal and Toronto. International wire transfers for Quebec-based businesses commonly route through BOFMCAM2.

How Slash fits in

Slash tracks BMO wire transfers across your Canadian banking relationships. CAD and USD cross-border payments between Canada and the US are captured with conversion data for treasury reconciliation.