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To view important disclosures about the Experian Smart Money™ Digital Checking Account & Debit Card, visit experian.com/legal.
When it comes to building the financial life you want, improving your credit score is often a high priority. But up until now, you may have faced what feels like a credit Catch-22: You need good credit to qualify for the best credit cards and loans, but you need to use credit cards and loans to build credit. If you don't want to risk taking on debt to improve your credit scores, this can be a barrier.
Now there's an easier way to build credit. The Experian Smart Money™ Digital Checking Account & Debit Card links to Experian Boost®ø to give you credit for the eligible bills you're already paying.
Here's how it works.
What Is Experian Smart Money?
The Experian Smart Money Digital Checking Account and Debit Card is available within an Experian membership. Designed by credit experts, Experian Smart Money uses Experian Boost to give you credit for eligible bill payments. Payment history is the most important factor in calculating your FICO® Score☉ , so Experian Boost could help you make strides in your credit.
What Are the Benefits of Experian Smart Money?
With no shortage of financial tools out there, it can be difficult to wade through the noise and find the simplest, most beneficial option. Here are some benefits of Experian Smart Money:
- Raise your credit scores. Experian Smart Money connects to Experian Boost, which reviews your transactions for ones that can be added to your credit history, potentially increasing your FICO® Score.
- Get paid up to two days early. You could get your paycheck up to two days early† and get a one-time $50 bonus‡ after setting up direct deposit to your Experian Smart Money Digital Checking Account.
- Avoid monthly fees. Experian Smart Money charges no monthly fees¶, and there's no minimum starting deposit or minimum balance—you can open your account without an initial deposit, or with whatever amount of money works for you. But you'll need to fund the account to get a physical card.
- Take advantage of helpful account features. The Experian Smart Money Digital Checking Account and Debit Card gives you seamless access to your money. You'll get instant access to your virtual debit card, an optional physical card (if you have money in your account), plus helpful financial tools such as online bill pay, money transfers# and access to more than 55,000 fee-free ATMs worldwide**.
Is Experian Smart Money FDIC-Insured?
Yes, money you deposit into your Experian Smart Money Digital Checking Account is insured by the Federal Deposit Insurance Corp. (FDIC) through our bank partner, Community Federal Savings Bank (CFSB), member FDIC. That means your deposits are insured up to $250,000 per depositor§.
Who Can Benefit From Experian Smart Money?
Anyone over age 18 who has an Experian membership and resides in the 50 U.S. states and the District of Columbia can open an Experian Smart Money Digital Checking Account. And with Experian Boost, you can get credit for paying eligible bills you make with your debit card. That could help you increase your FICO® Score, and it can be especially beneficial to those with little to no credit and those with poor to fair FICO Scores.
To open an Experian Smart Money Digital Checking Account, you'll need an Experian membership, either free or paid. An Experian membership also gives you access to your credit report and FICO® Score, credit report monitoring, identity theft monitoring, spending alerts and more. All together, these curated insights into your financial life can make managing your money more efficient.
Boost Your Financial Future
You work hard for your money, and you want your money to work hard for you. The Experian Smart Money Digital Checking Account and Debit Card does the heavy lifting to make building your credit easier by automatically linking to Experian Boost.