How to Transfer Money from Your BMO Bank Account Into Your InvestorLine Non-Registered Investment Account

I recently helped coach some relatives on how to open a non-registered investment account at BMO InvestorLine. Once the account was activated, I needed to show them how to move some of their cash from their savings account into their chequing account and then into their InvestorLine account.

Moving Cash from Your BMO Chequing Account Into Your BMO InvestorLine Account

  1. Sign in to your InvestorLine account.
  2. Under the Account Services heading, click on Move Money.
  3. In the From box, click on Choose Account.
  4. From the list, select the account from which you wish the money to be taken.
  5. In the To box, click on Choose Account.
  6. From the list, select the InvestorLine account into which you want the money deposited.
  7. On the line starting with the $ under the heading How much do you want to transfer? Type the amount of funds, in Canadian Dollars, that you wish to move.
  8. Check whether the desired frequency of withdrawal is selected under the Choose a frequency heading.
    In my case, I made sure that Once was selected.
  9. If necessary, change the date for the withdrawal by selecting the Calendar icon under the Date heading.
  10. When everything looks good, click on the Continue button.
  11. Review the summary.
    If it’s ok, click on the Submit button.
  12. Make a note of your confirmation number in case you need to verify the transaction later.

You’re done! Get ready to buy some investments in your InvestorLine account!

When you are finished using your InvestorLine account, sign out. Then clear your browser history and close your browser for increased security.

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Do you have an InvestorLine account? Did you load it up with cash to take advantage of a promotional offer? Please share your views with a comment. (If I have managed to get comments working again.)

How to Contribute Cash to a BMO InvestorLIne TFSA from a BMO Bank Account

It’s that time of year again. We are contributing to our TFSAs at BMO InvestorLine. What we’ll buy with our money once it is in there is another question for another day!

Contributing Cash to Your BMO InvestorLine TFSA

  1. Sign in to your BMO InvestorLine account/s.
  2. If applicable, from the drop-down list in the upper right side of the screen select your TFSA account.
  3. Under the My Portfolio tab, under the heading TFSA, click on Contribution.
    The Transfer funds page will display.
  4. In the From field, click on the CHOOSE ACCOUNT box.
    The Choose the account to transfer from window will display.
  5. If your BMO bank account is not yet displayed, click on the ADD BMO BANK ACCOUNT box.
  6. For the BMO bank account from which you want to transfer in the money, type in your
    Transit number
    Account number
    Nickname, if desired

To Transfer the Contribution Into Your TFSA

  1. On the Choose the account to transfer from pop-up window
    Click on the name of the desired bank account.
  2. On the Transfer funds page
    Click on the box Choose Account / To
  3. Select the correct TFSA account
  4. In the How much do you want to transfer box, type the amount you wish to contribute to the TFSA.
  5. Confirm the Choose a frequency is displayed as Once in bold blue, for a single contribution
  6. If desired, change the Date of the contribution by clicking on the calendar icon, or leave it as “Today”
  7. Click on the Continue button.
  8. Review the information on the pop-up window. If it is ok, click on the Confirm button.
  9. Make a note of your confirmation number on the That’s it. You’re all done. pop-up window.
    Click on Go Back or Trade Now, as desired.
  10. When you are finished using your InvestorLine account, Sign out. For added security clear your cache and browser history and close your browser.

You’re done!

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Do you make your TFSA constribution in January? Or do you rarely have enough left at the end of the year to pay the bills? Please share your views with a comment. (Once I open comments again, that is–sorry if they are down!)