BMO, both dollars, matched.
Your Canadian and US dollar accounts matched to invoices on either side of the border.
What comes in from BMO
- CAD account lines
Deposits, debits and transfers, with BMO’s description for each.
- USD account lines
US customers’ payments and US suppliers’ bills, in US dollars.
- Wires and conversions
Wires in and out, and moves between the two accounts at BMO’s rate.
Why it won’t match on its own
The same money in two currencies
A transfer from USD to CAD leaves one account at one amount and lands in the other at another.
Invoices in one currency, payment in another
A US customer pays a CAD invoice in US dollars, and the bank converts it on the day.
Wires lose a little on the way
Intermediary banks take a fee from incoming wires, so the deposit is short of the invoice.
One rule, in plain words
Match BMO USD payments to CAD invoices at the day’s published rate.
payment × day’s rate = invoice233 matched
The conversion leaves a spread, and a wire fee leaves a gap. Both stay on the match as differences, never written off quietly.
What Numerics works out
Every converted match keeps its spread and every short wire its fee, so Numerics can add up the cost of the border.
You go run your business.
Bring a month of BMO records to the call. You’ll see them matched before it ends.