Our FirstBanking Automated Services Agreement is changing.

As a valued BMO Bank of Montreal customer we want to advise you of upcoming changes to your Everyday Banking. Effective January 13, 2008, our FirstBanking Automated Services Agreement (which is part of our ‘Agreements for Everyday Banking’) will be changing. Changes include revisions to our policy for converting foreign currency transactions to Canadian dollars (section 6 of the FirstBanking Automated Services Agreement) to illustrate the cost to access funds internationally. The section relating to foreign currency transactions will change to specify how, in the future, we will convert your foreign currency transactions to Canadian dollars. The new section is as follows:

6) Foreign Currency Transactions

We convert withdrawals and purchases made in a foreign currency to Canadian dollars. We make the conversion at our exchange rate, which is 2.5% over the rate set by MasterCard International Inc (which runs the Cirrus and Maestro networks available using your Card) on the date the transaction is posted to your account,. The conversion rate may not be the same as the rate that was in effect on the transaction date.

The revised Agreements for Everyday Banking will be available on bmo.com or in branches on January 13, 2008.