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BMO launches award-winning digital banking experience for small and midsized businesses

October 30, 2024 | Customers, Strategy

At BMO, we understand that there’s no one-size-fits-all approach to making real financial progress. That’s why we’ve launched the latest evolution of our Online Banking for Business experience, designed to meet the unique needs of small and midsized business customers (SMBs). Guided by their direct feedback, this simpler, intuitive digital banking experience helps them get more done in less time, so they can focus on what’s important: growing their business.  

There’s no overstating the importance of SMBs in Canada. Every year, they account for nearly half of private sector generated GDP and create millions of jobs for Canadians from coast-to-coast.  


“Small and midsized businesses drive our economy, yet they have historically been underserved by financial institutions. We’re proud to have partnered with them to design and deliver a banking experience that better fits their day-to-day needs, and that makes it easier for them to focus on their goals.”

– Sean Ellery
Head, Digital & Innovation, Commercial Banking at BMO 


Key features: 

  • Simple, user-friendly interface: The new Online Banking for Business experience is powered by the same technology behind the standard experience but with a leaner navigation and banking tools curated to meet day-to-day SMB needs. 
  • At-a-glance account information: A streamlined account overview and timely cashflow insights make it easier for SMBs to make faster, more informed financial decisions. 
  • Convenient integrations: Access to BMO Marketplace gives SMBs one-click access to an ever-growing suite of payment partners, APIs and integrations with the business apps they’re already using.  

Currently available to Canadian clients, this reimagined experience was recently awarded a Red Dot Design Concept award, one of the most sought-after recognitions for exceptional design. 


“The backbone of the Canadian economy are small and medium businesses, and they deserve a banking experience that better meets their needs. This tailored banking experience builds on BMO’s commitment to simplify banking while maintaining the exceptional quality our clients expect. We’re excited to make Online Banking for Business a key growth partner for businesses of all sizes.”

Derek Vernon
Head, North American Treasury and Payment Solutions at BMO  


See our video for more details about how Online Banking for Business helps our customers: 

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