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Personal Banking For You

Borrowell has top banking partners on our platform! Easily browse personalized banking options.

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Find The Right Bank Account For You

Your finances often start with your bank account, but do you know if you have the bank account that's best for you?

Borrowell offers an easy way to compare the best chequing and savings accounts available from top financial institutions.

We combine technology and expertise to recommend products that are best suited to your financial profile.

Our detailed information on account features and limited-time promotions will help you decide what account is right for you!

Top 5 Reasons Why Canadians Love Borrowell

Borrowell is Canada's leading credit education company and offers more than just free credit scores!

Free Credit Score Tracking

Free weekly credit score and report monitoring

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Personalized financial product recommendations

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Free credit improvement tips and education

Borrowell has bank level security

Bank level security with 256-bit encryption

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Checking your score with Borrowell won't hurt It!

How Does Borrowell Work?

Sign up with Borrowell in just under three minutes
Free Credit Monitoring

Sign up in just 3 minutes for free access to your Equifax credit score and report, which we update every single week.

Credit Improvement Education
Credit Education

The first in Canada, our AI-powered Credit Coach helps you understand your credit score and provides tips that may improve it.

Find the Best Product for You
Product Recommendations

Compare financial products from over 50+ partners and get personalized recommendations based on your credit profile.

Our Banking Partners

Here are a few of the trusted financial institutions that we partner with to provide our customers with great banking options. Our partners provide you with transparent information about their products as well as limited time special promotions.

Scotiabank
EQ Bank
Motus Bank
BMO
Wealthsimple

Get Credit Monitoring and Banking Recommendations

Check your free credit score and we'll show you the top banking options for your credit profile.

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More Credit Score Resources

COVID-19 Impact on Credit Scores and Missed Bill Payments
COVID-19: Impact on Credit Scores and Missed Bill Payments by City [Study]

To understand how credit score and missed payment trends across Canada have changed during COVID-19 measures, Borrowell, a fintech company that offers free weekly credit score updates, analyzed credit scores and credit reports of 1,015,369 Canadians, including those in 20 of the largest cities in Canada from Q1 2020 to Q1 2021.

The Borrowell Team

Apr 29, 2021

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How much does my credit score drop if I miss a payment - image
How Late Payments Impact Your Credit Score

Payment history makes up 35% of your score. One late bill payment can decrease your credit score by up to 150 points, according to Borrowell data.

Evan Miersch

Jan 28, 2021

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8 Tips to Improve Your Credit Score
How To Improve Your Credit Score in Canada

Here are eight tangible steps you can take to improve your credit score. Your credit score directly impacts your ability to get approved for financing, including credit cards, loans, and mortgages.

Gaurav Pokharel

Feb 04, 2021

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Credit Scores vs. Credit Reports: What is the Difference?
Credit Scores vs. Credit Reports: What is the Difference?

Many people use the terms credit score and credit report interchangeably. Although the two are related, credit scores and credit reports are in fact different from each other.

Sean Cooper

Apr 06, 2021

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How Do I Read My Credit Report?
How Do I Read My Credit Report?

Your credit report paints a picture of how financially responsible you are. You should regularly review your credit report, as lenders look at your report before approving you for credit products. Reading your credit report can be overwhelming and confusing, but it doesn’t have to be! Here’s a clear breakdown of how to read your credit report, including what information is in it, what this information means, and how long this information stays on your report for.

Evan Miersch

Jan 08, 2021

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How Long Does Information Stay On My Credit Report In 2021?

Since Borrowell offers free credit reports for Canadians – we get asked all the time: “How long does information stay on my credit report?”

Rachel Surman

Jan 05, 2021

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What Credit Score is Needed for a Car Loan?
What Credit Score Do You Need for a Car Loan?

When it comes to providing car loans, Canadian lenders typically approve consumers with a credit score of 630 or above.

Gaurav Pokharel

Feb 27, 2021

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What Credit Score is Needed for a Mortgage?
What Credit Score Do You Need for a Mortgage?

A credit score of 680 or above is required to qualify for the best mortgage rates in Canada in 2021.

Sean Cooper

Jan 21, 2021

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What’s The Difference Between Hard And Soft Credit Inquiries?
What’s The Difference Between Hard And Soft Credit Inquiries?

Not all credit inquiries are created equal and they impact your score in different ways. Here's a closer look at the differences between hard and soft credit inquiries.

Janine DeVault

Jan 14, 2021

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Borrowell® is a registered trademark of Borrowell Inc. All Rights Reserved. The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties to determine your credit profile. The score provided to you for educational use is the Equifax Risk Score.


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