BMO MoneyLogic is linked to BMO bank accounts, lines of credit and BMO MasterCard accounts, and automatically provides a total view of these accounts, including: transaction management: enabling customers set savings goals and track their own progress.
Using the tool, the customers can set budget limits and receive notifications when limits have been reached.
BMO MoneyLogic can collect the customer’s spending and saving data and produces easy-to-read charts and graphs, providing a better perspective on day-to-day spending and saving.
BMO president of Canadian personal and commercial banking Frank Techar said BMO MoneyLogic is a free tool that provides our customers with immediate insights into their spending and savings habits and will help them take better control of their household finances.
Since 2009, BMO has launched BMO SmartSteps, BMO SmartSteps for Business, BMO SmartSteps for Students and BMO SmartSteps for Investing.
