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How to Deposit a Check on Bank of Montreal - 2023Deposits held by Bank of Montreal, Bank of Montreal. Mortgage Corporation, BMO Trust Company and eligible for Canada. Deposit Insurance Corporation (CDIC). open.investingbusinessweek.com � welcome-bank-of-the-west � product-transition-guides. Direct deposits usually post to your account between 3 a.m. and 6 a.m. (EST) on the day the bank receives the deposit from your employer.