The best online account for you
Get the tools to spend smarter, save faster, and feel good about managing your money.
The convenience of a credit card, with the control of a debit card. Use it anywhere Mastercard is accepted, earn cash back, and never worry about sneaky charges or falling into debt.
Earn up to 4% on your entire balance with no minimum requirements. An easy way to reach your savings goals faster.
Turn your rent into a credit building and earning opportunity, with Rent Reporting and Cash Back on Rent. Plus, protect you and your belongings with Tenant Insurance.
KOHO is your everyday Mastercard with all the travel perks and none of the fuss. Connect everywhere with an eSIM and up to 3GB of data, no foreign transaction fees, free international ATM withdrawals and Travel Insurance.
Just arrived in Canada? It can take time to open a bank account with the traditional banks. With KOHO, you can open one online, instantly–no credit history needed.
With KOHO, International Money Transfer is always fast and secure with some of the lowest exchange rates around. Send money to 190+ countries, like the Philippines, India, Pakistan and more.
An account that’s worth the price
Borrow money from us
Get a safety net when you need it, with a cash advance, Pay Later or Line of Credit.
Spend freely, breathe easy
Instant approval means you can start spending and earning up to 2% cash back once you sign up.
Go big with your savings goals
Up to 4% interest earned means more progress toward your goals.
Do the grown-up life stuff
Rent Reporting, eSIM, Travel Insurance and more. Manage your life in one place.
Boost your credit
Better credit history could mean more opportunities and less debt.
Pick an online account and try it for free
KOHO plans start at $0 each month and come with a free 30 day trial, so you can see if it’s the right fit.
* Get Essential for free! Learn more
**This is an estimate. Actual savings may vary depending on individual spending habits and service usage
***KOHO has partnered with Walnut Insurance as the official insurance provider. For more information visit: https://www.gowalnut.com/ca/koho
Our members say it best
Got questions?
Yes, you can open a KOHO account online. No branches, paperwork or waiting. Just download the app, verify your identity and you're ready to go in minutes.
Opening an online account with KOHO is simple. You'll need:
- To be a Canadian resident
- To be at least 18 years old (19 in some provinces)
- A Government-issued ID (like a driver's license or passport)
- A phone number and email address
Absolutely. You can get the monthly Essential plan for free by depositing money into your KOHO account.
Either deposit your monthly paycheque or add at least $1000 each month.
Here’s everything you get with an Essential plan–all for free!
- 2.5% interest on your entire balance
- 1% cash back on groceries, eating and drinking and transport
- Up to 6.5% extra cash back at select merchants
- Instant e-Transfers
- Unlimited transactions
- Up to $100K of your money is eligible for CDIC protection**
- Free Credit Score
They are! Create a joint account in seconds, without any phone calls or complicated set-up.
Manage money with a partner, roommate or family. Each person gets their own card linked to the shared account, with instant notifications for all transactions.
You start earning interest on your entire balance as soon as you sign up. Interest is calculated daily and paid out monthly, with no minimum balance. So your money works harder from day one.
Right now it’s only available to Canadian residents. But you can use your card worldwide, wherever Mastercard is accepted. With the Everything plan, you won’t get charged foreign transaction fees and get free ATM withdrawals. It’s a Mastercard with all the travel perks.
Of course. Your KOHO card works for all online purchases just like any Mastercard. Plus, you'll earn cash back on everything you buy.
Online security comes first. We keep your money safe from fraud and always protect your data. So you can set up payments, subscribe to services and shop online knowing your account is safe.
KOHO isn't a bank, but it has all the core features you'd expect from one.
But we have better cash back, interest, a no-fee account, and tools to help you manage and grow your money.
And when you earn interest with us, your entire account balance is eligible for CDIC coverage up to $100,000 per institution*
*When you opt in to Earn Interest, your funds are placed in trust with one or more CDIC member institutions. Funds held in trust by CDIC member institutions are eligible for CDIC protection of up to $100,000 per beneficiary, per member institution, if the member institution were to fail. For more info on CDIC coverage please check out this link. KOHO Accounts not earning interest are not eligible for CDIC protection.
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