TORONTO, ONTARIO--(Marketwire - May 3, 2012) - As part of
BMO Financial Group's ongoing commitment to financial
literacy and 'Making Money Make Sense' for
Canadians, BMO is releasing a financial tip every week in
BMO's Financial Tip of the Week: Set up mobile
alerts to help manage household finances more
As reducing household debt continues to be top of mind for
many Canadians, tools that help track day-to-day finances
are becoming more important for those looking to manage
spending and savings goals more effectively.
"Keeping your financial house in order, including
managing spending and savings goals, is an ongoing priority
for Canadian households," said Andrew Irvine, Senior
Vice President, BMO Bank of Montreal. "Using a tool
like BMO Alerts puts further understanding of personal
finances into the pockets of our customers to help them
stay on course in achieving their short and long-term
financial goals - anytime, any place."
According to a recent BMO study, conducted by Leger
Marketing, 33 per cent of Canadian households are living at
or beyond their means, with 27 per cent living paycheque to
Mr. Irvine added that BMO Alerts is a free, integrated
mobile alerts service that is provided across all mobile
platforms and delivered via multiple channels, including
email, text message (SMS) and iPhone 'push'
BMO Alerts allows customers to set-up personalized
Account Balance - Receive notification if balance falls
below amount specified by the user.
Withdrawal - Keep track of money by receiving
notification when a withdrawal is made that is greater
than an amount specified by the user.
Deposits - Notifies when a deposit is made that is
greater than the amount specified.
Debit Card Security - Immediately alerts the user if
unusual activity is suspected on his or her BMO debit
BMO Alerts is part of BMO's ongoing commitment to
'Making Money Make Sense.' Since 2009, BMO has
introduced various tools to help Canadians stay on top of
their personal finances, including BMO SmartSteps, BMO
SmartSteps for Business, BMO SmartSteps for Students, BMO
SmartSteps for Investing, BMO SmartSteps for Parents, BMO
SmartSteps for Homeowners and BMO MoneyLogic.
To learn more about BMO Alerts, please visit www.bmo.com.
To view the demo, click
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial
Group is a highly-diversified North American financial
services organization. With total assets of $538 billion as
at January 31, 2012, and more than 47,000 employees, BMO
Financial Group provides a broad range of retail banking,
wealth management and investment banking products and