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BMO ALTO Account Review (2024): Highest Yield Savings Account?I'm frustrated there is no app, and it doesn't work with the budgeting app I use (YNAB) but so far so good. bankruptcytoday.org One of the big drawbacks to banking with BMO Alto is the lack of a mobile banking app. While BMO Alto is an online-only bank, accounts can only. Unfortunately, BMO Alto does not have a mobile banking app for customers. All banking must be done online via a web browser; the bank notes on.