Open Your KOHO Account Today - Easy, Secure, and Fee-Free

We sure do! KOHO offers a free joint account for $0 a month. You can sign up for our joint account online right here. Share finances and savings goals, get instant notifications when you or your partner spend from the account, and earn 0.5% cash back on groceries, and transportation.

Once you sign up for a subscription plan you’ll need to opt in on the Interest page in-app to start earning interest on everything in your spending and savings account. Depending on your plan, the interest is an annual rate that’s calculated daily and paid out monthly to maximize your earnings. You’ll start earning once you choose to opt in.

KOHO is a Canadian Fintech company that’s based in Toronto. While it’s not a bank, KOHO offers spending accounts in Canada in Partnership with People’s Trust. KOHO has a mobile app and a prepaid Mastercard and is only available in Canada.

The short answer – yes! Since KOHO comes with a prepaid Mastercard, you can shop online with your KOHO card on any website or online store that accepts Mastercard.

Our Essential plan is $4 a month, or $48 per year, and gives you 1% cash back on groceries, transportation, and eating & drinking. You'll also get 5% interest on your entire balance! You can also earn the Essential Account at no fee when you set up Direct Deposits or load $1000 per month! Our Extra plan costs $9 a month, or $84 a year, and gives you 1.5% cash back on groceries, transportation, eating & drinking and 0.25% cash back on everything else. You'll also get 5% interest on your entire balance. Our Everything plan is a $19 month, or $228 a year, and give you 2% cash back on groceries, transportation, eating & drinking and 0.5% on everything else. You'll also get 5% interest on your entire balance.