BMO to open ‘studio’ branches s more customers bank online

The Bank of Montreal will open tiny branches with a handful of employees giving “face-to-face” information on topics such as mortgages, with most customers now banking online.

BMO is opening what it calls a “studio” branch next week in a Montreal condo building and expects to open 10 to 15 of these micro branches at a time across Canada and in the U.S. Midwest, CEO William Downe said Monday.

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