Never in my life has a bank made it more difficult to open an account. "Open in Minutes" turned into this:
1. Account opened in minutes.
2. Account suspended within minutes... then asks for a copy of my ID, but this time notarized with a special form provided by BMO, plus the business card of the notary. Then I must scan and upload all of that.
3. Next, I must call within 24 hours and wait on hold for a long time, then ask for a manager, wait on hold again, then speak to the manager, and finally get told we're good to go after nearly a week of back and forth.
However, I can't log in and have to go through more trouble on the phone to confirm the account is finally up and running. Then I initiate a direct deposit and it gets sent to BMO, plus the $25 account opening deposit. After thousands of dollars are sent to BMO via direct deposit, the account is suspended again and they ask for more items, including ID (for the third time), plus a social security card, plus a utility bill. Meanwhile, they have my money, or at least I don't have it, and I can't access the account that was "opened in minutes".
I get treated very poorly by their "manager" whom I'm forced to speak to. I ask if there is any guarantee there is ever an end to this cycle of account suspension and piecemeal requests for ever more information. I am told they can't guarantee that. I have everything documented and recorded and would just be done with them, except that they have my money hostage at this point. Worst experience ever. Not sure if I'll ever get the account open or get my money back. I may have to sue. read more