crypto friendly bank
Bank of Montreal
Headquarters: Montreal, Canada • Founded: 1982
About Bank of Montreal
Bank of Montreal is ranked #41 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
Canada Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
Canada Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is Bank of Montreal safe for crypto?
Is Bank of Montreal FDIC insured?
Yes, standard cash deposits are insured under the Canada Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Bank of Montreal support business accounts?
Yes, Bank of Montreal supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Bank of Montreal operate in?
Bank of Montreal operates primarily in Canada, and supports international clients from CA.
What are Bank of Montreal's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Bank of Montreal?
No, Bank of Montreal only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.