Bank of Montreal

Well, it happened again. Like my previous entries on banks, I had to deal with one and was unimpressed. I wanted to pay my line of credit with a check from another bank. Balance was about $9900 and I had received the bill a week earlier. I ask the teller only two very simple questions:

Here is another tale of BMO incompetence and thievery:

I have a margin account with the Investorline brokerage through which I fooled around with daytrading for a little while.  One of my MOs was to sell short if I though a stock was going to fall in the near future.  To sell short I have to borrow stock I don't have from the brokerage, for which I am charged interest.  After I make the short sale, I immediately put in a buy order to cover at some lower price and wait for the stock to go down.

Bank of Montreal does it again:  I got a letter from BMO telling me that they were going to raise the rate of my unsecured line of credit.  No reason was given.  It looked simply like a mass insert that was probably sent with everyone's monthly statement.