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Strengthening financial literacy through the launch of our free eBook in the U.S.

December 7, 2022 | Financial inclusion

Recently, BMO announced the launch of a Financial Literacy eBook, in partnership with United Way Worldwide, to help bridge the financial literacy gap among Americans. The free, digital resource addresses key financial topics to help people make real financial progress, including budgeting, debt and credit management, digital banking, homeownership, loans, and retirement planning. BMO’s eBook will be provided to United Way clients in all 50 states, available to anyone online, and delivered to each BMO branch in the U.S.

For the last two years, we’ve collaborated with United Way to enhance consumer communication and ensure financial information and guidance is provided in an easy-to-digest format. Included in the partnership was a joint survey that found an overwhelming number of United Way clients expressed interest in additional financial literacy help.


“Financial literacy and real financial progress go hand-in-hand. Our partnership with United Way continues to be invaluable to reaching consumers across all of BMO’s retail banking markets in the Midwest, Florida and Arizona, and addresses the disparity between those who are flourishing financially and those who are struggling as a result of systemic barriers. Through the BMO Financial Literacy eBook, we are growing the good by ensuring anyone has access to crucial knowledge to manage money and create paths to financial success.”​​​​​

– Dalila Rouri, Florida Market Leader, U.S. Personal and Business Banking


A recent BMO Real Financial Progress Index survey found that financial confidence is declining with only 39 percent of Americans stating they feel more financially secure than they were a year ago. What’s more, 54 percent of Americans said they are making financial progress, and 25 percent do not track financial progress at all.

“United Way brings people together to create innovative solutions to community challenges,” said Alice Archabal, Executive Vice President of Development for United Way. “Our mission to support financial stability and economic mobility for all aligns with BMO’s dedication to financial education and inclusion. The Financial Literacy eBook is a useful tool for deepening understanding of managing personal finances, especially during a time of economic uncertainty.”

The BMO Financial Literacy eBook is aligned with our Zero Barriers to Inclusion 2025 commitment, a multi-year strategy focused on equity, equality and inclusion in and outside the bank. It’s also an example of our digital-first strategy, focused on building a digitally enabled, future-ready bank that drives progress for its customers, unlocks the power of its people and delivers loyalty, growth, and efficiency.

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