BMO Bank, TEMPE BRANCH

Name:BMO Bank, TEMPE BRANCH
Full Service Brick and Mortar Office
Review: 2.5star108 client reviews
Location:2077 S Priest Dr
Tempe, AZ 85282

Maricopa County
View Other Branches
 
Phone:480-377-6000
Branch Deposit:$56,038,000
FDIC Cert:#16571
Established:07/17/1978


The Bank

Name:BMO Bank
Concentration:Commercial Lending Specialization
Established:05/17/1947
FDIC Insurance:05/17/1947
Holden By:BANK OF MONTREAL
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
# of Branches:1041, view all, view on map
Website:http://www.bmo.com
Total Assets:$265,657,813,000
Total Deposits:$206,601,880,000
Total Equity Capital:$32,992,890,000
Total Domestic Office Deposits:$206,601,880,000
Net Income:$413,687,000
Quarterly Net Income:$174,086,000
Return on Equity:1%
Quarterly Return on Equity:2%
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Client Review

108 client reviews of BMO Bank scored 2.5 out of 5.

Teller does not pay attention to details caused massive overdraft
 1star Overall Rating
 1star Office Environment & Staff
 1star Other Services
by DisappointedinBMO, Jun. 11, 2013

I went in on a Wednesday and had a teller who we will refer to as "Bob" move 11K from a savings to a business account so we could write our payroll checks out. I made sure to tell him exactly which account to put the money into and reverified with him the money went into the right account. I handed himthe deposit slips, the bank cards and the checks. He confirmed it did. Two days later my card was declined for  $35.00 lunch. Talk about embarassed in front of my client, who happens to own an automotive dealership. I then looked up my account on my phone and found a 8900.00 overdraft. I immediately called the branch and talked with the same teller that did the deposit for me two days prior. He indicated to me he did put the money into the business account. The problem is he put it in the wrong account. When I confronted him about that error he was passive like it really didnt bother him or he couldnt grasp the issue. When I spoke to him about paying attention to the details and that I had asked him twice if he had put it into the right account he confirmed the account title and that he had it in the right account. I asked him to confirm that no checks had been returned as NSF he confirmed they had not. What a bunch of crap. One of the checks had been returned causing all kinds of problems for us to deal with. WHen I called the home office they told me that the teller did not do things according to bank policy and that he could have contacted them to make absolutely certain that no checks were being returned and did not.

Again It's all in the details, the details that this kid-teller did not care enough to check on. I had been a loyal M and I depositor and will now be searching for a new business bank. I will be leaving with my accounts as soon as possible.

Tomorrow I will visit the branch at 8:30 a.m. and I am going to demand they contact my client and rectify the problem.



* this reviewer has be with this bank for 3 - 10 years
* this reviewer had 1 - 2 banks before.
* this review was made on BMO Bank, Tempe Branch at Tempe, AZ
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