BMO Credit Score: How To Get Your Free Credit Score in 2022

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by Enoch Omololu, MSc (Econ)

Published on

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This guide covers how to get your BMO credit score and alternative ways to check your free credit score and report in Canada.

BMO clients can check their credit scores using the bank’s online banking website or mobile app,

If you are an RBC, CIBC, or Scotiabank client, you can also access your credit score for free.

Read on to learn about how it works.

BMO Free Credit Score Check

Your credit score is a 3-digit number that shows whether you are creditworthy. It is calculated using the information in your credit report as compiled by the two credit bureaus – Equifax and TransUnion.

The higher your score, the better your chances of qualifying for credit products.

Your BMO credit score ranges between 300 and 900, and it is provided by TransUnion via CreditView.

This is similar to the credit score report you get when you check your credit score using Scotiabank and RBC.

Your BMO credit score is updated monthly. For weekly credit score updates via Equifax, you can use Borrowell.

How To Check Your BMO Credit Score

You need to be a BMO customer to access your credit score using its online banking portal or app. For example, you could open a BMO Chequing account.

For the BMO online banking website, follow these steps:

  • Sign in to your account
  • Click on “My Profile & eDocuments”
  • Click on “My Credit Score” in the menu on the left-hand side

If you are using the BMO app, simply tap on the “More” menu, and select “My Credit Score” under “Your Settings” to view your score.

bmo credit score
Source: BMO Canada

You can also use CreditView to simulate changes to your score based on various parameters and to view your credit report.

Free Credit Score Checks in Canada

BMO only gives you access to your TransUnion credit score. If you are trying to improve your credit score, it makes sense to check your Equifax credit score as well, as it may be different.

These companies offer free instant access to your credit score.

Borrowell

Borrowell was the first company to offer free credit score checks in Canada – as far back as 2016.

The sign-up process takes about 3 minutes and your Equifax score is updated weekly.

You can also use this site to track your bills, compare rates for savings accounts, insurance, loans, and credit cards.

Sign up for Borrowell

Credit Karma

Credit Karma operates in Canada and the U.S. and provides free access to your TransUnion credit score.

In addition, you can use Credit Karma to find competitive rates on personal loans, mortgages, and more.

Learn more in this review.

Mogo

Mogo also provides access to a free Equifax credit score when you apply for its free prepaid card.

This credit score is updated monthly, and your CO2 emissions are offset each time you make a purchase using the MogoCard.

bmo Credit Score

How To Get Your Free Credit Report

BMO clients can view their credit reports on CreditView.

If you don’t have a BMO account or want to see your Equifax credit report, it is provided by Borrowell.

Alternatively, you can contact the credit bureaus directly using the phone numbers below:

  • Equifax (1-800-465-7166)
  • TransUnion (1-800-663-9980)

About Bank of Montreal

The Bank of Montreal (BMO) is the oldest bank in Canada and was established in 1817.

BMO has over 12 million clients globally and three operating groups:

  • Personal and commercial banking
  • BMO wealth management
  • BMO capital markets

Here are some of its best credit cards.

BMO Credit Score FAQs

What is a good credit score for BMO?

If you have a score of 725 or higher, it is considered to be a good credit score and you have a better chance of qualifying for a BMO credit card.

What credit bureau does BMO use?

BMO uses TransUnion when pulling your credit score report.

Is the BMO credit score accurate?

Yes, the credit score you can view through your BMO account is accurate. It is provided by TransUnion.

Will checking your BMO credit score affect it?

When you look at your credit score on BMO, it is a “soft inquiry” and does not affect your credit score.

Related:

BMO Credit Score: How To Get Your Free Credit Score in 2022

Best Credit Offers in August 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories.

Get 0.5% unlimited cash back on all other purchases.

Get 15% bonus cash back in first 2 months ($150 value).

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Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard (use referral code CASHBACK during signup for $20 free).

Free budgeting app with automatic savings features.

Access to a portion of your paycheque 3 days early.

1.20% savings interest on every dollar balance.*

Compare the best personal loan rates in Canada

Get the best rates from multiple lenders.

Borrow up to $50,000 regardless of your credit score.

Pre-approvals are available in as fast as 5 minutes.

Low-interest rates start at 1.99% and terms from 4-60 months.

The NeoCard pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Up to 5% cash back at participating stores.

No annual account fees and 1% minimum cash back guaranteed.

Guaranteed instant approval credit card.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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