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Bank of Montreal to Require Four-Day Office Week Starting Mid-September

The update follows a sectorwide push for renewed in-office collaboration

People make their way past the Bank of Montreal (BMO) building in the Financial District of Toronto, Monday Aug. 14, 20243. THE CANADIAN PRESS/Spencer Colby
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Overview

  • BMO will require employees to work on-site four days a week from September 15, 2025, subject to real estate capacity, according to spokesperson John Fenton.
  • Royal Bank of Canada announced a four-day office week in late May and Bank of Nova Scotia followed with the same requirement for Greater Toronto Area teams this September.
  • U.S. lenders including JPMorgan Chase now require five days in-office and Bank of New York Mellon four days, prompting staff backlash and interest in unionization.
  • BMO cites its decade-long investments in modern offices such as BMO Place in Toronto as central to boosting collaboration, mentorship and innovation.
  • Citibank CEO Jane Fraser has championed hybrid work as a competitive advantage and is granting extra fully remote weeks to hybrid employees over the summer.