Keeping track of your credit score is an essential step in managing your financial health. Thankfully, many of the major banks in Canada now offer free access to your credit score directly within their online banking platforms. This makes it easier than ever to monitor your progress without paying extra or harming your score.
Here’s a breakdown of how Canada’s biggest banks help you stay on top of your credit.
1. RBC (Royal Bank of Canada)
What they offer:
- Free access to your TransUnion credit score through online banking and the RBC mobile app.
- Updated monthly.
- Includes personalized insights into the factors influencing your score.
✅ Best for: RBC customers who want quick and easy score checks within the banking app they already use.
2. TD Bank
What they offer:
- Free access to your credit score via CreditView Dashboard powered by TransUnion.
- Score updates refreshed monthly.
- Extra features like score simulators to see how certain actions (e.g., paying off debt) may impact your score.
✅ Best for: TD clients who want a hands-on tool to learn how daily financial habits affect their credit.
3. Scotiabank
What they offer:
- Free access to your credit score using TransUnion.
- Insights into what affects your score.
- Available in both online banking and mobile app.
✅ Best for: Scotiabank users who want a simple and straightforward way to keep an eye on their score.
4. BMO (Bank of Montreal)
What they offer:
- Free monthly credit score checks from TransUnion.
- Score available in online banking and mobile app.
- Additional credit education tools to help you improve.
✅ Best for: BMO customers who want to combine score monitoring with helpful learning resources.
5. CIBC
What they offer:
- Free access to your credit score via TransUnion.
- Updates monthly.
- Includes breakdowns of what’s helping or hurting your score.
✅ Best for: CIBC users looking for ongoing transparency into their credit profile.
Why This Matters
Monitoring your credit regularly gives you the power to:
- Catch errors on your report early.
- Track the impact of your financial decisions.
- Build confidence when preparing for big financial moves, like applying for a mortgage or loan.
By offering this feature directly in their platforms, Canada’s big banks are making it easier for their clients to stay informed and proactive about credit health.
Key Takeaway
If you bank with RBC, TD, Scotiabank, BMO, or CIBC, you already have free access to your credit score. Checking it regularly helps you stay informed, avoid surprises, and make better financial decisions—all without hurting your score.
💡 Tip: Make it a habit to check your score monthly. This way, you can track your progress and adjust your financial habits as needed.
