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Experian Launches Smart Money™ Digital Checking Account

Personal Finance | Oct 5, 2023

Experian digital account - Experian Launches Smart Money™ Digital Checking Account

Image: Experian

Experian, a global leader in consumer and business credit reporting, unveils the Experian Smart Money™ Digital Checking Account & Debit Card

The account is a financial tool designed to help people improve their credit scores without going into debt and with everyday financial management. This means when you use this account to pay certain bills like your utilities, rent, or phone bill, Experian will notice and give your credit score a little boost. It's like getting gold stars for paying your bills using this account!

Included in the account is access to Experian Boost®, a tool that identifies eligible bill payments, such as utilities and telecom, and adds them to consumers’ Experian credit file, potentially amplifying their credit scores.

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Imagine you're a student and you pay your rent using the Experian Smart Money account. Experian Boost sees this and gives your credit score a little bump up because you paid your bill. Or think about your monthly electric bill. If you pay it with the Smart Money account, Experian Boost will again see this and might lift your credit score a bit. It’s like a friend who tells everyone how good you are at paying your bills, making others trust you more with money.

Simple Steps to Better Credit

Experian is doing something really nice here. They're making it easy for people to get a better credit score just by paying their bills with the new Smart Money account. This isn’t just a new bank account. It's a way to help people show they're good with money, which can help when they want to do things like buy a house or a car in the future.  Interested in learning more?  here

NCFA Jan 2018 resize - Experian Launches Smart Money™ Digital Checking AccountThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

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