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TORONTO, October 20, 2020 – Delivering on its commitment to help newcomers settle successfully in Canada, BMO celebrates Diwali with the South Asian community in Mississauga and Brampton, the biggest in the Greater Toronto Area.
Diwali, also known as the festival of lights, is the biggest holiday of the year for South Asian Canadians. It is a celebration that marks the spiritual victory of light over darkness and honours Lakshmi, the Hindu Goddess of Wealth.
Considering the importance of this occasion, BMO celebrates together with South Asian newcomers with a special offer that lets them save together to create their first Diwali memories in Canada.
From November 1 to 14, BMO will adorn its Square One Shopping Centre and Fletcher Meadow branches in Mississauga and Brampton, respectively, with rangoli. Colourful patterns that are traditionally created with powder or sand.
In addition to the festive décor, BMO provides a special offer that allows South Asian newcomers to save up to $600.
With the BMO NewStart™ program, newcomers who will sign up for the Performance Plan Chequing Account during this period will enjoy no monthly banking fees for 12 months. They can save $191.40 on one-year bank fees*. Plus, they enjoy no fee on BMO’s small safety deposit box for the first year which is worth $55.*
And when members of their family open their separate accounts under this Plan, they can earn up to $350* cash bonus with the BMO Family Bundle. Also, their family enjoys no-fee daily banking* as well.
All these perks add up to $600 worth of savings. That is extra money they can spend on other things that will make their first Diwali celebration truly memorable.
To top it off, BMO will also give away a special gift to newcomers who will open an account at these branches.
With the BMO NewStart™ and BMO Family Bundle, newcomers get to save a few more dollars to spend for Diwali. Whether it is getting a new outfit or buying gifts for the kids and elderly members of the family, the extra dollars will help them create incredible Diwali memories in Canada to last a lifetime.
To learn more about the BMO NewStart™ program, visit

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