BMO Bank

October 1, 2024 - In a 3-0 decision, an Eighth Circuit panel reversed a $563 million verdict against BMO Harris Bank, ruling the bank should have been allowed to use the in pari delicto defense in a lawsuit claiming it aided and abetted Thomas J. Petters’ ...

User reports indicate no current problems at BMO Harris Bank

Real-time overview of problems with BMO Harris Bank. Website down, can't log in? Here you see what is going on.

On July 25, 2023, a federal judge in St. Paul ordered BMO Harris Bank to post bond for more than $1.158 billion as a result of the $1 billion jury verdict.

On June 23, 2023 the court granted the Plaintiff’s motion for pre- and post-judgment interest, bringing the total amount of the award to over $1 billion. On July 25, 2023, a federal judge in St. Paul denied BMO Harris Bank’s motion waive the bond requirement, ordering the bank to post bond for more than $1.158 billion.

3 weeks ago - I had been with Harris Bank since 2013, a more pathetic outfit would be hard to find. Staff and branch management are consistently over that time poorly trained, rude, product knowledge is shocki... See more ... Worst mobile banking ever. Web team at BMO is incapable of handling customers seeking protection on their end of the transaction, like vpn with persistent ip address.

November 11, 2024 - Why: There is no evidence to suggest BMO Harris has done anything improper, but it is one of several banks included in the investigation.

October 27, 2023 - For example, on the BBB page, they have a 1.06-star rating from many reviews. In addition, the BBB and Consumer Financial Protection Bureau have received more than thousands of complaints against BMO Harris Bank in the last three years alone. Here is an example of a consumer complaint from the BMO Harris Bank BBB profile:

I used them a couple years- they were good on foreign exchange. Fair rates, no fee. But to deposit a check over 2-3 thousand took 7 business days. That is unnecessary in the modern world. None of my other banks and credit union do that. BMO is no longer my bank.

After depositing my very first check through the BMO mobile app, I was shocked to find out it will take 7 business days to process -- yes, seven! I even called customer · service hoping there was a way to speed things up, but got absolutely nowhere. How is anyone supposed to pay their bills or manage everyday expenses with such a ridiculous wait time for a simple mobile deposit? This is 2025 -- every other major bank processes checks within a day or two at most.

May 10, 2024 - BMO Harris Bank urged a federal appeals court at oral argument Thursday to throw out a $564 million jury verdict against it for a predecessor’s role in the $3.8 billion Ponzi scheme orchestrated by disgraced former businessman Tom Petters.

I had to go to the atm to get the rest of my money. Last month, I went up to the *** Harris bank on several occasions, and they wouldnt let me get money out. They kept asking me personal questions and told me if I did not add a certain person on my account that they will close my account.

This means that even if BMO Harris fails, you will eventually be able to recover an individual account's balance up to $250,000. If you have a joint account, each co-owner of the account is considered a separately insured customer. As a result, you can collectively recover the account's balance up to $500,000 in the event of a bank...

November 9, 2022 - BMO Harris said Tuesday that it intends to pursue all available legal options, including by appealing the jury verdict and the monetary award to a federal appeals court. ... BMO said that it intends to pursue all available legal options, including by appealing the jury verdict and the monetary award to the 8th U.S. Circuit Court of Appeals. "We are disappointed with the jury's verdict, which is not supported by the evidence or the law," a bank spokesperson said in a written statement.

July 28, 2022 - The news: Chicago-based BMO Harris Bank, which could potentially pay billions of dollars in fines for its alleged involvement in a Ponzi scheme, now also faces accusations of destroying incriminating evidence, ... More on this: The US arm of ...

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BBB Accredited since 4/9/1997. Bank in Chicago, IL. See BBB rating, reviews, complaints, get a quote and more.

November 9, 2022 - BMO Harris, however, asserted it is entitled to recover about 21% of the amount paid to the trustee. “We are confident that we have strong grounds for appeal,” the bank said, adding the verdict “is not supported by the evidence or the law.”

BMO Bank is an FDIC-insured bank and financial institution providing a wide range of private, business and commercial banking services. It offers checking and savings account services, a variety of loans, lines of credit, investment management, retirement accounts and planning and other financial services.

September 13, 2024 - Colloton cited a similar 2013 decision by the federal appeals court in New York that rejected claims that the trustee liquidating Bernard L. Madoff Investment Securities made against JPMorgan Chase (JPM.N), opens new tab and other banks that Madoff used. The case is Kelley v BMO Harris Bank NA, 8th U.S.