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BMO InvestorLine flat fee pricing makes it easier for more
clients to invest online
Here is a summary of what you need to know to qualify for $9.95 Flat Fee
Pricing with
*Flat Fee Pricing Terms & Conditions. To learn more about the BMO InvestorLine Programs, and their respective benefits,
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Regular Commission Schedule
Please note the Regular Commission Schedule Terms and Conditions that apply to transactions. View, print or save our Commission & Fee Schedule (Adobe Acrobat Reader required)
Electronic Orders placed through the Web or Automated Telephone Trading
Canadian and American Exchanges
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Canadian and American Exchanges
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Orders placed through a BMO InvestorLine Representative
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BMO InvestorLine offers you access to over
2,500 mutual funds - of which more than 2,000 are available for
you to buy and sell with no transaction fee. These no transaction
fee funds include no load, front load and back load funds. The
no transaction fee funds belong to more than 50 fund families that
are part of BMO InvestorLine's "No
Fee Fund" program. In addition, we offer you access to fund
families that are part of our "Transaction
Fee Fund" program.
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Special Rebate Offer for Back Load (DSC) Funds:
When you purchase a back load fund, you will receive a bonus of 3% if your order is placed online or 2.5% if your order is placed through a BMO InvestorLine Representative.
Investment Policies and Minimums for Mutual Funds:
- With the exception of Money Market
and T-Bill funds, there is an initial purchase minimum of $1,000
or the fund company's minimum, whichever is higher. A subsequent
purchase minimum of $500 applies. Switch orders are subject to
same purchase minimums.
- For BMO Money Market and T-Bill
funds and GGOF Money Market funds, an initial purchase minimum
of $5,000 and a subsequent purchase minimum of $500 applies. All
units must be redeemed if your balance falls below $5,000.
- For all other Money Market and T-Bill funds, an initial purchase
minimum of $25,000 and a subsequent purchase minimum of $500 applies.
All units must be redeemed if your balance falls below $25,000.
- For Automatic Purchase Plans (APP) and Automatic Withdrawal Plans
(AWD), minimum is $100 per fund per periodic purchase or withdrawal.
- Early Redemption Fee for no fee funds only: Exempting Money Market
and T-Bill funds and back load (DSC) funds, an early redemption
fee of $40 ($32 for electronic orders) will be charged for funds
held for less than 90 days. Switch orders are subject to same
early redemption fee.
- Some fund companies may also charge additional fees. These include early redemption fee, deferred sales charge on redemption for DSC funds, and initial account set-up fee.
Commissions, if any, are included in the quoted price.
Regular Commission Schedule Terms and Conditions
- The regular commission schedule refers to trades placed with a BMO InvestorLine Representative.
- All transactions for one account in one security on one side of the market during one trading session are included in determining the principal value of the trade ("daily bundling process"). Full commission charges apply for each partial fill except when transacted on the same business day. Prices on multiple fills transacted on the same business day are averaged for commission purposes.
- Commissions on U.S. trades are charged in U.S. dollars.
- Electronic trades are placed through the BMO InvestorLine web site or any other electronic channel. Commission calculation is based on the original format of the order. If you change an order through a BMO InvestorLine representative, the regular commission schedule applies to the original order and any subsequent changes to that order.
- All rates apply as of September 30, 2002 and are subject to change without notice.
*Flat Fee Pricing $9.95 Terms and Conditions
- Electronic option trades are charged at $9.95, plus $1.25 per contract.
- Flat Fee Pricing is applied to electronic trades executed on our website or through Automated Telephone Trading. Trades executed by a BMO InvestorLine Representative are excluded from Flat Fee Pricing.
- A trade is defined as a filled commissionable equity or option order.
- Your assets will automatically be evaluated each month. For accounts to be combined to qualify for Flat Fee Pricing, they must be owned and/or co-owned by the same client or linked to a single User ID. Within the User ID preferences you have the option to register your User ID for the Flat Fee Pricing. If you register we will evaluate your User ID for qualification at the next evaluation period. Once you qualify you will start receiving benefits after the next evaluation.
- Trades under Flat Fee Pricing are charged on a per order basis and are not bundled for discounts. For example, where multiple trades are made on the same account for the same security – on the same exchange, the same side of the market and the same day – each trade is charged the applicable commission rate.
- For option assignment and exercises and CNQ market trades, the regular commission schedule applies.
- This program is not open to Investment Club and Partnership
accounts.
BMO InvestorLine reserves the right to exclude accounts at any time.