How Much Does BMO Really Charge You for Foreign Exchange?
BMO's ~2.4% FX markup might look modest, but it compounds fast. A business converting $50,000/month loses over $14,400 per year to BMO's hidden spread.
~2.4%
Average FX markup by Bank of Montreal
On $1,000 USD
$24 hidden
On $10,000 USD
$240 hidden
On $100,000 USD
$2400 hidden
Calculate Your Hidden BMO FX Fees
$USD/month
Yearly cost at BMO
$2,880/yr
2.4% markup × $10,000 × 12 months
Loop Basic
$600/yr
0.5% FX, no plan fee
Save $2,280/yr
Loop Plus
$1,248/yr
0.25% FX + $79/mo plan
Save $1,632/yr
Loop Power
$3,708/yr
0.1% FX + $299/mo plan
Plus: domestic and international payments are free on all Loop plans — no wire fees, ever.
See Your Real BMO FX Costs
Upload your BMO bank statement and our free audit tool will show you exactly how much you're losing to hidden FX markups.
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