What are the requirements for opening a bank account?

When opening a bank account with BMO, there are several general requirements that potential customers should be prepared to meet. Firstly, individuals typically need to provide valid identification, which can include government-issued photo identification such as a driver's license, passport, or another form of ID that shows both a photo and signature. It is also important for applicants to provide proof of address, which may include a utility bill, lease agreement, or any official document that clearly displays the individual's name and current address. In addition to identification and proof of address, BMO may require customers to provide their Social Insurance Number or taxpayer identification number. This information is often used for tax reporting purposes and to verify identity. Depending on the type of account being opened, applicants may also need to meet certain minimum deposit requirements. It is advisable for prospective customers to consider the various account options available, as different accounts may have unique features and requirements. For the most accurate and detailed information, individuals can refer to the BMO website, where they can find specific requirements and steps needed for opening an account.