Changes to Cheque Clearing Procedures

Please note the following changes to BMO InvestorLine’s cheque clearing procedures.

To ensure instant access to your deposits, you may wish to consider making them through direct deposit and wire transfer methods.

Cheque Feature	Financial Institution Where Cheque is Drawn	Temporary “Hold Funds” Information
Fully encoded    Certified    PLOC   (Personal Line of Credit)	Any financial institution within Canada (CAD and USD only)	9 calendar days
Unencoded   Partially encoded	Any financial institution within Canada (CAD and USD only)	15 calendar days
Fully encoded   Certified    PLOC   Unencoded   Partially encoded	Any financial institution outside Canada OR Any financial institution within Canada in currencies other than Canadian and U.S. dollars	30 calendar days