Bridgewater Bank is a Canadian Schedule I chartered bank that has been serving customers since 1997. With over $3.3 billion in assets and more than 53,000 accounts across Canada, it specializes in competitive residential mortgages and deposit products. The bank is a wholly-owned subsidiary of the Alberta Motor Association, which adds to its local credibility. Customers appreciate the ease of saving with Bridgewater Bank, particularly the automatic transfers to high-interest savings accounts that help prevent impulse spending. Reviewers highlight the security of their funds and commend the excellent customer service provided by the staff. Specific team members have been recognized for their responsiveness and problem-solving abilities, especially in urgent situations. Mortgage brokers also praise Bridgewater Bank for its willingness to work with clients who face challenging circumstances, noting that they have received no complaints from their clients. The bank’s commitment to collaboration and support for partners is evident in the positive feedback from those who have worked with their underwriters. Overall, Bridgewater Bank is seen as a reliable and customer-focused financial institution in Alberta.
Just make sure that you are aware of what Interest Rate Differential (IRD) charges are. They make it virtually impossible for you to pay out your mortgage. You'll have to ride out the mortgage for whatever term you signed up for, after which you hopefully will be in a position to not have to go to a B lender.
February 2025
Wait! Trump said no USA banks are allowed in Canada. I'm confused. 🤔🤣
October 2024
I have been with Bridgewater for 13 years and just had to Refinance our mortgage and Gail Thompson was absolutely amazing! She went above and beyond to help us!!! Thank you so much Gail ❤ you're amazing
