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BMO chequing Account On Hold Text Scam In Canada - Watch It And Share To Save OthersHere are some tips to help you avoid phishing attacks: Don't respond to emails, texts or phone calls from companies or people you don't know. Read emails. Banking scams on the rise. Several BMO customers have been scammed out of thousands of dollars after their accounts were hacked. Several customers with the Bank of Montreal are raising red flags about what they call inadequate security measures within the bank's online.