If you have a Bank of Montreal mortgage and have made a prepayment, you already have a Mortgage Cash Account. However, if you don't have a Bank of Montreal mortgage, we can help you make the switch to worry-free prepayments. Funds are not available if the property is subject to other encumbrances. Mortgage must not be in default at time of requested withdrawal or during the previous three months. 2 Customers may choose another term at the Bank's current posted rate.
Some conditions apply.