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BMO Harris Express Loan Pay ( All You Need To Know )

Paying for your loans is just a few clicks away with the BMO Harris Express Loan Pay. All you need is just a bank account, a debit/credit card, and you are good to go. Read this article to get the full details of how it works, how to sign up for the service, its benefits, and much other vital information. So stay tuned and read to the bottom as we get started right away. 

Paying up a loan can sometimes be a  pain in the neck. This is because it most times involves very long and strenuous processes. In some cases, you might not remember the due date thereby unintentionally delaying the payment. As a result of these, financial organizations are beginning to develop simpler ways to pay loans.

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And one such way is the BMO Harris Express Loan Pay which provides you with a seamless and automatic way to manage your loan from your comfort. Join me now as I take you through the entire process of using the payment option. I know you will love it. 

What Is BMO Harris Express Loan Pay?

 

The BMO Harris Express loan Pay is an online Service initiated and managed by BMO Harris Bank. This service provides a secure and convenient way to make payments on your loan. It also helps you to manage your auto-loan account. You can schedule your payment with this service thereby reducing the chances of missing a payment and having to pay late fees which in turn poorly affect your credit score and history.

It allows you to set up recurring payments and you could also pay for multiple loans with just one transaction thereby reducing the bank charges that would have accrued from many transactions. Furthermore, you can modify your due payment dates, pay a lump sum, and view your payment history. Interestingly, this service is available to new and existing customers of the BMO Harris Bank. So if you are interested in managing your loan payments, then continue reading to know more about this service. 

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How Does BMO Harris Express Loan Pay Work?

 

The BMO Harris Express Loan Pay has a very easy user interface. All it requires from you is a checking or savings account with BMO Harris Bank and a stable internet connection that will enable you to pay quickly. After opening a bank account with the bank, you will also have to enroll for online banking which will help you to conveniently access the express pay service. 

You can access the service on the BMO Harris mobile banking app or through the bank’s website. There you will create an account and you will be required to provide certain information like your name, email address, loan account number, and so on. You will also need to create a username and password which will serve as your login credentials subsequently. 

Meanwhile, you must meet the following eligibility criteria. 

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  • You must be either a US citizen or a permanent resident. 
  • Must be at least 18 years of age. 
  • Must be a primary holder of a BMO Harris loan. 

Note that you can use this service to make payments for various types of loans including auto-loan, personal loans, personal lines of credit, some types of business loans, real estate loans, and so on. 

How To Create A BMO Harris Express Loan Pay Account

 

Take the following steps to create an account with this service for free.

  1. Visit the BMO Harris Express Loan Pay website.
  2. Click on sign up at the top right corner of the opening page. 
  3. Enter your information on the next page as you will be prompted. 
  4. Enter the verification code that will be sent to the email or phone number you entered in Step 3 above. 
  5. Create a username and password that you will use for subsequent login. 

With these few steps, you have successfully created an account, and making payments will be easy as shown in the next paragraph. 

How To Make A Loan Payment With The BMO Harris Express Loan Pay

 

As we have said over and again above, making payments with this service is easy as it requires just a few clicks. See them below.

  • Log in to your Express Loan Pay account with your username and password that was earlier created above. 
  • Choose the account that the payment will be made. 
  • Select a payment method.
  • Enter the amount that you intend to pay.
  • Review the details and submit the payment. 

A confirmation reference ID number will be sent to you and the funds will be debited from your checking account within 2 business days.

Pros And Cons Of BMO Harris Express Loan Pay

 

Like every other service, the BMO Harris Express Loan Pay has pros and cons. Let’s see some of them quickly as you continue reading.

Pros.

  • Fast and convenient loan payment
  • Secure services as all transactions are encrypted with strong security features. 
  • The service is available 24/7.
  • The service is free of charge.

Cons

  • You are limited to one payment every 14 days with the same payment method. 
  • Cannot be used to pay off a full loan. 
  • Payment must be between $0.01 and $5,000.

FAQ’s

Is BMO Harris Express Loan Pay Safe And Secure?

 

Yes, the service is secure and safe to use. It is enhanced with a digital firewall that prevents unauthorized users from gaining access to your information. It has data encryption that prevents hackers from accessing users’ data.

Additionally, it has a timeout feature that makes it possible to sign out an account if it is found inactive for 20 minutes. Thereby requiring such an account to log in again when it is ready to continue. 

Can I Pay For My BMO Auto Loan Online?

 

Yes, you can pay for your auto loan online through your digital banking account. All Savings and Checking account holders with BMO automatically have an online account. So visit your account and pay your automobile loan. 

What Is The Phone Number For BMO Harris Auto-Loan Payment?

 

For all inquiries about loan payments with BMO Harris, call the customer service phone number at 1-888-340-2265. 

Conclusion

Bmo Harris Express Loan Pay is easy, fast, safe, and secure. We have shown you all that you need to know about it including how to make payments, set up an account, and so much more. I hope with this information, using this service will be hassle-free for you henceforth.