Make More Money From Your BMO Employee Stock Purchase Plan

An Employee Stock Purchase Plan (ESPP) is a wealth-building benefit provided to you by BMO.

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Your BMO ESPP Details at a Glance

With BMO’s ESPP, you can purchase BMO’s stock at a 10% discount.
You can contribute up to 15% of your annual salary, including commissions and bonus.

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Financing Your ESPP Contributions

ESPP contributions involve setting aside part of your paycheck, in three month periods, to buy BMO company stock at a discount.

If you were to max this out for, this could be as much as $550 per paycheck. Previously, you had just one option for funding this, but now with Benny, there is a second.

Self Fund

The traditional approach - you sign up for a %, and that amount gets deducted from your paycheck each time, impacting your take-home pay. I.e. You have $550 less per paycheck.

Pro: You keep all the gains
Con: You’ll need to take a cash-flow hit (up to $550 per paycheck) or participate at a reduced percentage, which means missing out on the full benefits of the ESPP.

Fund with Benny

Benny helps you leverage other people’s money (in this case BMO’s) to cover the contributions by leveraging a line of credit. This allows you to offset the $550/paycheck while still unlocking the gains.

Pro: No impact to cash flow, allowing you to participate in your ESPP and unlock the full value
Con: You'll share a portion of the gains—approximately 20% goes toward the cost of the line of credit (depends on the interest rate you receive from BMO), leaving you with 80% of the unlocked gains.

Next Steps

1

Create your free Benny account

2

Activate and apply for your BMO Line of Credit through your Benny Dashboard

3

Enroll in your ESPP through BMO, select a contribution between 1-15%

4

Sit back while Benny manages your contributions without impacting your take-home pay

5

Earn gains from your BMO ESPP

How Does It Work?

Enroll in your ESPP

Continue your ESPP enrollment through your employer as usual. Remember, the more you contribute, the more you can earn. With Benny covering your contributions, you can now max it out without impacting your take-home pay.

Benny connects you to the best ESPP funds

For each paycheck, Benny helps you utilize those funds to cover your ESPP deductions with a deposit into your bank account.

You'll fully participate in your ESPP without impacting your-take home pay.

Get ESPP gains and repay balance

Your employer buys ESPP shares at a discount, securing you instant gains.

Use those gains to repay your balance with the fee coming to a fraction of the gains unlocked.

© Rooted Lending Inc. dba Benny
The information provided on this website is intended for informational purposes only and does not represent an offer or solicitation to buy or sell any security. Further, the illustrative examples provided herein are not intended to guarantee future performance of any specific investment. Rooted Lending, Inc. does not provide financial advisory services and all prospective clients are encouraged to consult with their independent financial adviser before deciding whether ESPP participation is right for them.

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