KOHO

KOHO is a smart spending and savings account that’s changing the way Canadians bank.

You get a free spending account that earns instant cash back on every purchase, and an app that helps you save money. Since KOHO works like a debit account, you’ll avoid the pesky interest that comes with a regular credit card.

Here’s why Canadians love KOHO:

Start spending in minutes

Signing up is easy and takes less than 5 minutes! Plus, a Virtual Visa Card with a unique number is available even before your physical card arrives in the mail, so you can sign-up, add funds and start spending in minutes.

No hidden fees

No overdraft. No minimum balance. No e-Transfer fees. No hidden monthly service fees.

Earn instant cashback

Earn 0.5% on every purchase. Earn 2% on eating and drinking, groceries and transportation with KOHO Premium.

Get Paid Early

With our Early Payroll feature, you can access $100 of your next direct deposit paycheque, 3 days early, for free. Or access $100 of your next paycheque any time for $5. No interest, no hidden fees.

Spend smarter, save better

Real-time balance notifications and spending insights have helped KOHO users save money easily. Our savings features will help you save up for big purchases or stash away your spare change. Using KOHO’s saving features, the average KOHO user saves 7% of the money they put into their account each month.

Do it all with KOHO

Pay bills, send free e-Transfers and even set up Direct Deposit with your employer to have your paycheque (or part of it) automatically loaded to your account.

We keep your money safe

KOHO is trusted by over 170,000 Canadians and backed by the country’s leading investors. Your funds are held securely by our partner Peoples Trust, a federally regulated and CDIC insured bank. You’re also protected from unauthorized use under Visa’s Zero Liability policy. Stay secure by locking your card in-app anytime.

We’re building KOHO for our users

We are constantly evolving, and our growth is grounded in the feedback we get from our (beloved!) users. Reach out to us in-app if you have ideas for improvement.

The savings rate for Canadians is below 2% of income. Canadians spend on average $159 a year in bank fees. The fees at KOHO are $0.

Canadians spend on average around $500 in credit card interest. But with KOHO, it’s your money, so you’ll never owe interest.

* Featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto Life, Yahoo Finance, and Financial Post