What Credit Bureau Does RBC Use? A Comprehensive Guide to Credit Monitoring Through RBC

Understanding which credit bureau your bank uses can be instrumental in managing your credit score and overall financial health. In this article, we'll unveil the credit bureau used by the Royal Bank of Canada (RBC) and provide step-by-step guidance on how to access your credit report through RBC's online banking, mobile app, and customer service.

Overview of Credit Bureaus

Credit bureaus, also known as credit reporting agencies, are institutions that gather and maintain individuals' credit information. Lenders such as RBC rely on these bureaus to help assess creditworthiness. The two major credit bureaus in Canada are Equifax and TransUnion.

Credit Bureau Used by RBC

RBC collaborates with Equifax Canada to provide credit report services to its clients. This collaboration enables RBC customers to access their credit report directly from RBC's online banking platform and mobile app. Now let's explore the various ways you can obtain your credit report through RBC.

Access Your Credit Report via RBC Online Banking

You might not realise it, but as an RBC customer, you can easily access your Equifax credit report directly from RBC’s online banking platform. Here are the steps to follow:

• Log into your online banking account and select "Accounts & Services" from the top menu.
• Click on the "Credit Score Services" option to request your credit report.
• Follow the prompts to access your Equifax credit report. It's as simple as that!

Monitoring Your Credit Score with RBC Mobile App

Aside from their online platform, RBC also provides a simplified way of accessing your credit report via their mobile app. Here are the steps to do it:

• Download the RBC Mobile app from the App Store or Google Play.
• Log in to your account and select the hamburger menu (three horizontal lines).
• Select ‘Credit Score Services’, review the terms and conditions, and tap 'Accept'.
• Your credit score and report are now at your fingertips!

Contacting RBC Customer Service for Credit Report Assistance

If you encounter difficulties in accessing your credit report through the web or mobile app, you can always turn to RBC's customer service for assistance. After confirming your identity, they can take you through the process. The RBC Customer Helpline is available round the clock, regularly manned by helpful and skilled representatives.

Final Thoughts

Understanding and regularly monitoring your credit report can provide you with comprehensive insights into your financial status. With RBC's tools and platforms, getting hold of your Equifax credit report is just a few clicks away. Remember, a well-managed credit report is the first step to financial freedom!