How to Buy Crypto with BMO Harris Bank

Bottom Line: BMO Harris Bank does not offer cryptocurrency investment options via its banking platform. BMO Harris customers must transfer their funds to a trustworthy cryptocurrency exchange to invest in digital assets. Choosing a trading platform properly licensed and regulated by FinCEN and FINRA within the US is essential for asset security.

After completing an in-depth examination of the top exchanges available to BMO Harris bank customers, we have determined that eToro is the number one option. eToro provides BMO Harris clients with free and fast USD deposits to buy and sell thousands of assets. In addition to crypto, investors can trade various other financial instruments, such as stocks, fiat currencies, ETFs, indices, and commodities.

Can I Buy Crypto with BMO Harris Bank?

BMO Harris Bank account holders can now venture into the exciting domain of cryptocurrency, exchanging their US Dollars for an array of digital assets, including Bitcoin, via regulated cryptocurrency exchanges in the United States. BMO Harris endorses the transfer of funds to licensed cryptocurrency trading platforms regulated by the U.S. Securities and Exchange Commission (SEC). We suggest employing an exchange registered with either the SEC or FinCEN to bolster the security of your digital investments. 

How to Buy Crypto with BMO Harris Bank

The best way for BMO Harris customers to invest in cryptocurrency like Bitcoin is through eToro, the most secure and trusted digital asset exchange in the US. BMO Harris Bank customers can start trading tokens by depositing USD through one of the supported payment methods, such as Bank Transfer, Credit/Debit Card, PayPal, Skrill, and Neteller.

Get started with this easy step-by-step guide:

  1. Open a free account on eToro and complete the verification process.
  2. Click 'Deposit Funds', pick a method, and transfer USD from BMO Harris.
  3. Go to the search bar, locate the desired token, and click 'Trade'.
  4. Enter the amount you wish to purchase and click 'Open Trade'.
How to Buy Crypto with BMO Harris.

BMO Harris Bank Cryptocurrency Policy

BMO Harris Bank encourages clients to explore cryptocurrencies' potential benefits and growth opportunities. The bank has adopted a proactive and optimistic outlook on integrating cryptocurrencies into the modern financial landscape. BMO Harris Bank supports its customers in acquiring crypto by allowing its them to utilize secure and regulated platforms to buy cryptocurrency. The bank approves all transactions coming from and going to licensed digital asset exchanges.

Deposit and Trading Fees

Let's delve into the usual costs you might come across when handling digital assets with BMO Harris Bank: 

  • Deposit Fees: Unlike numerous crypto trading platforms that provide no-fee deposit solutions, BMO Harris Bank may levy specific transaction fees. For example, replenishing your account using a credit card could incur a fee, generally above 2%. 
  • Transaction Costs: Several digital asset trading portals, including BMO Harris Bank, apply a spread—a small percentage deducted from every transaction. The size of this spread can fluctuate based on the specific digital asset and the portal, usually averaging about 1%.

Remember, fee structures can differ from one platform to the next. We advise thoroughly examining the fee structures from your preferred crypto exchange and BMO Harris Bank. 

The Bottom Line

To recap, while BMO Harris Bank does not currently offer direct cryptocurrency investment options, it supports its customers in exploring digital assets by allowing them to transfer funds to regulated cryptocurrency exchanges. After a thorough examination, we have identified eToro as the best choice for BMO Harris Bank customers, thanks to its diverse offerings, robust features, and adherence to regulatory requirements.


Does BMO Harris Bank block crypto purchases?
Will BMO Harris Bank offer crypto in the future?
What is the process to purchase crypto with BMO Harris Bank?

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