BMO Harris Bank Wire Routing Number

BMO Harris Bank, a part of the BMO Financial Group, has an enduring history of over 130 years. As one of the largest banks in the Midwest, it serves millions of customers. Whether you are an individual sending money to a family member, a business owner conducting transactions, or someone making international transfers, you would need BMO Harris Bank’s wire routing number. This article aims to provide you with an in-depth understanding of the BMO Harris Bank wire routing number and its applications.

What is a Routing Number?

Before delving into specifics, it’s important to understand what a routing number is. A routing number is a nine-digit code used in the United States to identify the financial institution. It was established by the American Bankers Association and is used for the processing of checks, electronic funds transfers, direct deposits, and wire transfers.

BMO Harris Bank Wire Routing Number:

BMO Harris Bank uses different routing numbers for different types of transactions. For wire transfers specifically, both domestic and international, BMO Harris Bank uses the routing number 071000288.

However, it is good practice to double-check this information with the bank, as routing numbers can occasionally change.

Using BMO Harris Bank Wire Routing Number for Domestic Transfers:

For domestic wire transfers, you would need to provide the following information:

1. BMO Harris Bank Wire Routing Number: 071000288
2. Bank Name: BMO Harris Bank N.A.
3. Bank Address: 111 W Monroe St, Chicago, IL 60603
4. Your BMO Harris Bank account number
5. Your name as it appears on your account
6. Your address

Using BMO Harris Bank Wire Routing Number for International Transfers:

For international wires, BMO Harris Bank utilizes SWIFT/BIC codes in addition to the routing number. BMO Harris Bank’s SWIFT/BIC code is HATRUS44.

When sending an international wire transfer, you will need to provide the following information:

1. BMO Harris Bank Wire Routing Number: 071000288
2. BMO Harris Bank SWIFT/BIC Code: HATRUS44
3. Bank Name: BMO Harris Bank N.A.
4. Bank Address: 111 W Monroe St, Chicago, IL 60603
5. Your BMO Harris Bank account number
6. Your name as it appears on your account
7. Your address
8. The amount and currency of the transaction

Fees and Processing Time:

BMO Harris Bank charges fees for both incoming and outgoing wire transfers. The fees may vary depending on various factors such as the type of account you hold with the bank and the currency of the transfer. It is advisable to contact the bank for the most current fee schedule.

The processing time for wire transfers can vary as well. Generally, domestic wire transfers are completed within the same day if they are submitted before the bank’s cut-off time. International transfers can take longer due to time zone differences and additional security procedures.

Conclusion:

Understanding the BMO Harris Bank wire routing number and how to use it effectively is essential for a seamless banking experience. Always ensure that the routing number and other necessary information are accurate to prevent delays or errors in your transactions. Furthermore, it’s a good idea to stay informed about the fees associated with wire transfers and to be aware of the processing times to manage your finances efficiently.