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BMO Credit Score: How To Get Your Free Credit Score in 2024

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Fact Checked

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.

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 and 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.

Loans Canada

Loans Canada provides access to a free Equifax credit score check without obligation. You can also use the platform to compare rates.

Learn more in this review.

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. It 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 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:

Best Credit Offers in July 2024

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Get a $400 cash bonus when you set up a qualifying direct deposit.

Unlimited debits, online bill payments and Interac e-Transfer transactions.

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Earn a high interest rate on your savings (5.90% interest rate offer).

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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