- BMO and MoneyPrep will provide teachers across Canada with financial literacy lessons and classroom tools at no cost
- Curriculum-aligned resources help elementary students learn practical skills in saving, spending, budgeting and financial decision-making, building financial literacy and confidence from an early age
- Partnership builds on BMO's leadership in financial education and commitment to helping Canadians achieve real financial progress
TORONTO, Oct. 1, 2026 /CNW/ -- BMO today announced an exclusive strategic partnership with MoneyPrep to bring financial literacy education to more elementary students across Canada. The initiative will help young Canadians build a stronger foundation early, gain confidence to make informed financial decisions and achieve real financial progress.
As financial literacy moves higher on the national agenda, foundational financial skills are increasingly being incorporated into school curricula as early as Grade 1. This growing focus reflects broader efforts across Canada to strengthen financial literacy, including through the federal government's National Financial Literacy Strategy. Through the partnership, teachers across Canada can use practical, classroom-ready lessons and tools at no cost to help students build essential money skills. Teachers can sign up for free access at www.moneyprep.com.
"Helping young people build strong financial knowledge early in life creates a foundation for lifelong financial well-being," said Andras Lazar, Head, Everyday Banking, Segments & Personal Lending, BMO. "We are proud to partner with MoneyPrep to help bring engaging financial education resources into classrooms and support educators in preparing students for the future. By investing in financial literacy at an early age, we're helping the next generation build confidence and the skills they need to make informed financial decisions and achieve real financial progress."
"Financial literacy is one of the most important life skills that young people can develop," said Pam Liyanage, CEO, MoneyPrep. "Through our partnership with BMO, we're expanding access to engaging educational resources that help students build practical financial skills and confidence from an early age."
As financial decisions become increasingly complex, introducing money concepts at a young age can help students build the practical skills and confidence to navigate everyday choices. By learning how to save, spend thoughtfully and plan toward a goal, children can establish a foundation for lifelong financial well-being and greater financial resilience.
The initiative builds on BMO's long-standing commitment to helping Canadians strengthen their financial knowledge, make informed decisions and achieve real financial progress. BMO also offers digital tools and resources that help clients learn about personal finance and work toward their goals, including:
- BMO SmartProgress: A free, online financial education platform featuring interactive content, videos and tools covering topics such as budgeting, credit management, homeownership and investing.
- BMO My Financial Progress: Available through BMO's Mobile Banking app and Online Banking, this innovative, digital goal planning platform helps clients create personalized and adaptive long-term plans, gain comprehensive insights into their finances and access personalized strategies to help them reach their goals.
- BMO Insights: Clients get help saving more, monitoring spending and account values and spotting unusual activity with 25 BMO Insights that provide clients free, quick and personalized views of their daily spending to help them make informed decisions.
- BMO Credit Coach: To help clients better understand, monitor and build their credit history, Credit Coach's intuitive platform helps clients manage their credit health with real-time alerts, personalized guidance and a dynamic credit score simulator. Available through BMO's Mobile Banking app and Online Banking, clients can track credit utilization trends, learn about score factors and explore how financial decisions such as taking out a car loan, opening a new credit card or consistently paying bills on time would affect their score.
To learn more about how BMO can help clients make financial progress, visit www.bmo.com/main/personal.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.
About MoneyPrep
MoneyPrep is a Canadian financial literacy education program designed for elementary classrooms, helping teachers deliver curriculum-aligned lessons, games, and printable resources that build practical, real-world money skills.
SOURCE BMO Financial Group
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