Hi Jerry, nice to see you here too.
I know I asked this in The Other Place but is there a really quick way to understand the BMO things? You description above sounds great and I might even leave it in MM if I didn't have a better use for it, but the T&C on the Air Miles site says this, I see it excludes MM and then says you can do it through InvestorLine. Is that what you did or am I misunderstanding? My concern is having fees to close account or to transfer out, or requiring a minimum purchase of more than $400 (what my friend can afford with her AM right now).
Excluded Investment Products and Registered Plans:
This Voucher may not be used towards the purchase of certain investment products at BMO Bank of Montreal including, without limitation:
- BMO Money Market Fund, BMO Canadian Money Market Fund, BMO Premium Money Market Fund, BMO T-Bill Fund, BMO Short Term Income Class, BMO Redeemable Short Term Investment Certificate, BMO Variable Rate GIC, BMO AIR MILES GIC, BMO Cashable RateRiser® GIC
- Any investment product denominated or priced in US Dollars.
- The above product exclusions do not apply to investments purchased through BMO Nesbitt Burns or BMO InvestorLine.
This Voucher may not be invested in the following registered plans:
- Registered Retirement Income Fund, Locked-in Registered Plan (LIRA, LIF, LRSP, LRIF)
- Additional product terms and conditions apply which may restrict your ability to purchase certain investment products