Boreal turns your accounts into clear, AI-powered insights. Join the early access.

{term} - Boreal Blog

Every major bank, credit union, and challenger bank, connected natively. Got accounts south of the border? US banks work too.

Canadian banks, natively

CAD for your Canadian accounts, USD for your US ones — no phantom conversions. Your dashboard speaks loonies and dollars.

Right currency, automatically

Boreal sorts your spending into categories that reflect how Canadians actually live — groceries, transit, rent, hydro, mobile, subscriptions — so the picture you see matches the life you live.

Built around Canadian spending

Boreal is built independently in Canada for people who want a clearer view of their money without spreadsheets or manual tracking. We're collecting public feedback on Trustpilot as we continue improving the product.

Chequing, savings, credit cards - Boreal pulls them all together so you can finally see your full cash picture in one place.

One dashboard for every account.

Boreal projects your cash flow forward based on how you actually spend - so you can see where you'll land at the end of the month, not just where you've been.

See what's coming, not just what's been.

Set a target like a house down payment, an emergency fund, or a debt-free date, and log what you set aside as you go. Boreal does the projection math for you and updates your completion date automatically, so you always know if you're on pace.

Know exactly when you'll hit your goal.

Every month, Boreal's AI reads your spending and surfaces what changed, where money's leaking, and what's worth a closer look, in words, not just numbers.

Insights that actually tell you something.

Bank-grade encryption via Plaid. Read-only — Boreal can never move your money.

Connect your banks securely

Your dashboard, insights, and goals are ready the moment you connect.

See your money clearly

Sign up in 30 seconds

You never set a budget or a spending limit. Boreal just watches what's actually happening and tells you.

No budgets to build

Boreal sorts every transaction into categories for you automatically. You still see your spending by category, you just never map anything by hand.

No transactions to sort

You still get a full dashboard. The difference is you don't have to decode it, because Boreal also tells you what changed and what's next in words, not just numbers.

No charts to puzzle over

Brian Adair

Free

AES-256 encryption everywhere your data travels and rests.

Bank-grade encryption

Your data is handled to Canadian privacy law and never sold. Ever.

Privacy-first, PIPEDA-compliant

Boreal can see your transactions. It can never move money.

Read-only access

Search "AI budgeting app Canada" today and you get a strange mix: a few fintech pages, some app-store listings, and a lot of articles explaining that "AI is changing personal finance" without ever saying 

. The label has been stretched so far that it's nearly meaningless. An app can slap "AI" on the box for writing a tip in a friendly tone — or for genuinely reading your bank transactions and telling you what changed.

That gap matters, because the two are not remotely the same product. This guide breaks down the five things "AI" can actually refer to in a money app, ranked from least to most useful, so you can tell a real AI personal finance app in Canada from a chatbot wearing a budgeting costume.

Why "AI budgeting app" has become a fuzzy label

"AI" sells, so it gets attached to almost everything. The problem for Canadians shopping for an AI money management app is that the word covers two very different things at once:

 — software that generates text. It can phrase advice nicely, but the advice itself may be generic and have nothing to do with 

 — software that processes your real financial data, finds patterns, and surfaces what's relevant to you specifically.

Most "AI is the future of finance" articles never make this distinction, which is exactly why they feel hollow. The useful question isn't "does it use AI?" — almost everything claims to now. It's "what does the AI actually do with my transactions?"

The five things "AI" can mean in a money app

Here's the spectrum, from the kind of AI that's basically decoration to the kind that's actually doing the work.

1. AI-generated text wrapped around generic advice

This is the shallow end. The app uses a language model to produce friendly-sounding paragraphs — "Try the 50/30/20 rule!", "Consider cutting back on dining out!" — that would apply to literally anyone. It reads like a finance blog written on demand.

There's nothing wrong with good general advice, but this isn't personalization. The model never looked at your spending; it just wrote text. If an app's "AI insights" never reference an actual number, category, or change from 

 accounts, this is probably what you're getting.

A real, useful first job for AI: sorting your transactions into categories automatically. "TIM HORTONS #4021" becomes 

 — with no rules to set up and no manual tagging.

This is the layer that quietly kills most budgeting habits when it's missing, because manual categorizing is the upkeep nobody sustains. Good automatic spending analysis starts here: if the categories aren't reliable, nothing built on top of them can be either.

Once transactions are categorized, AI can watch them over time and flag what's unusual. This is where an AI spending tracker in Canada starts earning its name. Instead of just showing you a category total, it notices:

- A category that's trending up month over month.

- A subscription that renewed at a higher price.

- A duplicate charge, or a one-off that's well outside your normal range.

- A week where spending spiked compared to your own baseline.

. Anomaly detection is only meaningful when it's measured against your personal history — not a generic benchmark.

Detecting the past is useful; projecting forward is where it gets genuinely helpful. An AI cash flow forecast in Canada looks at your recurring income, fixed bills, and spending pace, then estimates where you'll land — for example, "at this rate you'll finish the month about $140 tighter than last month."

But a forecast number on its own is still just a number. The valuable part is 

: AI explaining what's driving the projection and what you could do about it, in a sentence, rather than handing you another line on a chart to decode.

5. Personalized insights grounded in real transaction data

This is the top of the spectrum and the whole point of an AI financial insights app. It combines the layers below it: clean categorization, pattern and anomaly detection, and forecasting — then uses a language model only at the 

 step, to explain the finding in plain language.

The difference from level 1 is everything. Here the AI doesn't invent advice; it reports something true about your accounts:

"Your dining spend is up 22% this month, mostly from weekend delivery — about $90 above your usual."

That sentence is only possible because real AI analyzed your bank transactions first, then wrote the explanation second. Level 1 writes first and analyzes never.

How to tell a real AI budgeting app from a chatbot

When you're evaluating an AI money management app for Canadians, the tell is whether the "intelligence" is anchored to your data. Quick checks:

 Real insights reference your categories, amounts, and changes. Generic ones don't.

Does it react when your spending changes?

 If next month's "insight" is the same advice regardless of what you did, it isn't reading your transactions.

 Reliable automatic categorization is the foundation; if you're tagging everything by hand, the AI layer is thin.

Does it explain forecasts, not just display them?

 AI that analyzes bank transactions should do so over a secure, read-only connection — and never sell your data.

Boreal is built from the top of that spectrum down. It connects to your Canadian bank accounts securely through 

 — read-only, so it can see your transactions but can never move money, and you log in through your bank's own portal so Boreal never sees your banking password.

From there it categorizes your spending automatically, watches your patterns for what's changed, and projects where your month is heading. AI comes in at the end to turn all of that into a plain-language insight you can actually act on — not generic advice, but something specific to your accounts, like a heads-up that one category crept up or that three subscriptions renewed this week. That's the difference between an app that 

 about AI and one that uses it on your real money. See 

"AI budgeting app" isn't one thing — it's a spectrum from generated text to genuine analysis. The apps worth your time in Canada are the ones where AI does the unglamorous work first: categorizing transactions, spotting patterns, forecasting your month, and only 

 explaining it in a sentence. If an app's AI never references a real number from your own accounts, it's writing, not analyzing. The whole promise of an AI personal finance app in Canada is to turn your real transactions into a decision — and that only works when the intelligence is grounded in your data, not in advice that would fit anyone.

AI Budgeting Apps in Canada: What AI Should Actually Do With Your Money

Most Canadians don't keep their money in one place. There's a chequing account at one bank, savings at another, a credit card or two, and increasingly a Wealthsimple or EQ Bank account on top. That's normal — but it makes one simple question surprisingly hard to answer: 

This guide walks through how to track spending across multiple bank accounts in Canada, why the spreadsheet approach quietly falls apart, and how to see everything in one place without the manual upkeep.

Why tracking multiple accounts is so hard in Canada

When your spending is split across banks, no single bank app can show you the whole picture. Each one only knows about its own accounts. So you're left stitching the story together yourself:

 shows your RBC chequing and your RBC Visa.

 shows your TD savings and maybe a line of credit.

None of them add up your dining, groceries, or subscriptions 

 all of those accounts. So the only way to get a true total is to manually combine them — which is exactly why so many people reach for a spreadsheet.

A spreadsheet feels like the responsible choice, and for a month or two it works. The problem is that it depends entirely on you:

You have to export or re-type transactions

, which is where most spreadsheets quietly die.

The spreadsheet isn't wrong — it's just high-maintenance. The moment you skip a week, the totals are stale, and a stale budget is one you stop trusting.

 your accounts — connect them all to one app that pulls transactions automatically and combines them into a single view (see 

). A Canadian bank account aggregator lets you:

 in the same place as your chequing and savings.

 added up by category, not siloed per institution.

, because transactions sync on their own.

This is what turns "I think I'm spending too much on takeout" into "dining is $420 this month across all my cards" — a number you couldn't get from any single bank app.

How to do it securely (read-only, no shared passwords)

Connecting several accounts to one app is only a good idea if it's done safely. In Canada, the secure pattern looks like this:

 rather than apps that ask for your banking password directly. A read-only connection can see transactions but cannot move money.

 before you commit. Apps that connect through Plaid generally support the major Canadian banks and many credit unions.

 A good app uses your data to help you, not to resell it.

If an app asks you to type your online-banking password directly into it, treat that as a red flag and walk away.

Boreal is built for exactly this problem. You connect your Canadian accounts once — RBC, TD, your credit cards, Wealthsimple, whatever you use — and Boreal securely pulls in your real spending and combines it into one plain-language view. There's no manual categorizing and no spreadsheet to maintain.

Instead of another dashboard to interpret, you get sentences like "dining is up 22% this month" that already account for 

 connected card and account. The connection is read-only, so Boreal can see your spending but can never move your money, and it never sells your data. See 

 People juggling accounts across several banks who want one honest total — without exporting, re-typing, or babysitting a spreadsheet.

Multiple accounts make spending hard to total

, because no single bank app sees them all.

 — they depend on you doing manual work every month.

An aggregator combines everything in one place

 read-only Plaid connections, no shared banking passwords.

 and tells you what changed in plain language.

You don't need a spreadsheet to track spending across multiple bank accounts in Canada — you need one place that adds it all up for you. Connect your accounts once, let them sync, and let the app surface what actually changed. That's the difference between 

 it. If your money lives in five places and your budget lives in none, that's the gap Boreal was built to close.

How to Track Spending Across Multiple Bank Accounts in Canada Without a Spreadsheet

Most money apps hand you a pile of charts and expect you to do the interpreting. Boreal is built around the opposite idea: you should be able to open the app and immediately understand what's happening with your money — in a sentence, not a spreadsheet.

Here's how Boreal actually works, from the moment you connect an account to the insights you get each month.

Boreal links to your Canadian bank accounts through 

, the same secure connection layer used by many of Canada's largest fintech apps. You log in through your bank's own portal — Boreal never sees or stores your banking password.

Once connected, Boreal can read your transactions to understand your spending. A few things it deliberately does 

- It can't move money or make payments — it's read-only.

Your banking login stays between you and your bank.  Boreal only receives a secure, read-only view of your transactions

Step 2: Boreal organizes your spending automatically

As soon as your transactions come in, Boreal categorizes them for you — groceries, dining, transport, subscriptions, and so on. There's no manual tagging and no rules to set up.

This is the part that kills most people's budgeting habit: the upkeep. Boreal removes it. Your spending is organized the moment it happens.

This is the core of Boreal. Instead of leaving you to interpret charts, Boreal reads your patterns and tells you what's worth knowing in plain words. For example:

- "Your dining spend is up 22% this month, mostly from weekend delivery."

- "Three subscriptions renewed this week totaling $58."

- "You're on track to finish the month about $140 ahead of last month."

The goal is a "so what" you can act on, not just a number you have to decode.

On the free tier, Boreal keeps your spending organized and provides you with your first insight to get started.  Boreal Pro adds deeper, more frequent insights and richer summaries that look further across your patterns and history.

Everything above rolls up to one purpose: helping you make a decision. Whether that's cancelling a subscription you forgot about, easing off a category that's creeping up, or simply confirming you're fine this month — Boreal is built to get you to that answer faster.

Boreal is a good fit if you want to understand your money without becoming a part-time bookkeeper. It's especially useful if you've 

 and quietly abandoned them because the manual upkeep wore you down.

If you want total line-by-line control over every dollar, a hands-on envelope system might suit you better — but for most people who just want clarity and a nudge when something changes, that's exactly what Boreal is designed for.

Plaid

Tag

AI Budgeting Apps in Canada: What AI Should Actually Do With Your Money

How to Track Spending Across Multiple Bank Accounts in Canada Without a Spreadsheet

How Boreal Works: Your Money, Explained in Plain Language