BMO RGMG.
Just sold a business through a share sale with clauses that the current bank account would move to mine and my partner's name and a new one would be opened up.
Less than an hour after the sale the buyers went to BMO with the sales agreement (that states the account is to remain with us and not the business) and took over the bank account and issued themselves new cards...at the teller!
By the time we got back into our account at the bank (took 4 hours at the bank) the buyers had already spent thousands of dollars on new stock.
Absolutely ####ing ridiculous that someone can walk in with a piece of paper, take over a bank account and lock out the owners of the account without so much as a phone call, let alone a signature.
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