TORONTO, ONTARIO — (Marketwire) — 06/13/12 — As part of BMO Financial Group-s ongoing commitment to financial literacy and -Making Money Make Sense- for Canadians, BMO is releasing a financial tip every week in 2012.
BMO-s Financial Tip of the Week: A combination of cash, credit card and debit card will give you convenience, security and flexibility when you travel or shop in the United States.
Increases in duty-free limits, significant price gaps between U.S. and Canada for domestic goods, and a spike in the number of Canadians planning to take vacations at home and abroad mean more Canadians than ever are expected to flock to the U.S. this summer.
If you plan to travel to the U.S. or anywhere outside Canada, here are three simple criteria to help you decide what combination of cash, credit card and debit card you need to carry in your wallet.
Su McVey, Vice-President, BMO Bank of Montreal, suggests “Carrying a combination of all three payment options – cash in local currency; a widely recognized and accepted credit card that offers some form of purchase protection; and a debit card that gives you access to your Canadian bank account from local ATMs and Points of Sale terminals – will provide you with the highest degree of convenience, security and payment flexibility when you-re travelling outside of Canada.”
If you have questions about the best financial product and service options for your specific needs, stop by a BMO branch to speak with someone who can help you, or visit .
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Carol Greene, Toronto
(416) 867-3996
Ronald Monet, Montreal
(514) 877-1873
Laurie Grant, Vancouver
(604) 665-7596
Web:
Twitter: @BMOmedia