Essential

Earn more on the essentials your wallet cares about

The plan that gets you more from your everyday spending for just $4 per month.
Get Essential
Earn on your essential spending with KOHO
Earn 5% interest on your entire balance
Get extra cash back at 1000+ merchants
Get Credit Building for 30% off
Earn 5% interest on your entire balance
Get extra cash back at 1000+ merchants
Get Credit Building for 30% off
Earn interest, get cash back all on one app
Earn interest, get cash back all on one app

Choose Essential if you like the sound of:

1% cash back on groceries, eating & drinking, and transportation
0.25% cash back on all other purchases
5% interest on your entire balance
reloadable prepaid KOHO Mastercard
Unlimited e-Transfers
Up to 5% extra cash back at selected merchants
Up to $100K of your money earning interest is protected by CDIC

Don’t just take our word for it

Perfect Mobile Store Rating
Love KOHO! The cash back helps me a lot!
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Perfect Mobile Store Rating
I love KOHO it’s easy and convenient! It’s a great way to build your credit and earn cash back.
App Store Logo
Perfect Mobile Store Rating
My ride and die app is Koho!!!!
App Store Logo
Perfect Mobile Store Rating
Love KOHO! The cash back helps me a lot!
Google Play Logo
Perfect Mobile Store Rating
I love KOHO it’s easy and convenient! It’s a great way to build your credit and earn cash back.
App Store Logo
Perfect Mobile Store Rating
My ride and die app is Koho!!!!
App Store Logo

With every plan you can:

Shop securely online with a virtual card
Build your credit history with Credit Building
Save on the app with features like RoundUps, Savings Goals, and Vaults
KOHO’s easy-to-use mobile app with virtual card

Pick a plan and try it with no cost

All KOHO plans come with a free 30 day trial so you can see if it suits you.

Essential

Earn more on the essentials your wallet cares about.
Starting from*

$4/month

Try Essential, free

  • 1% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 30% off Credit Building
View all benefits

Best deal

Extra

Earn extra on your spending and savings.
Starting from*

$9/month

  • 1.5% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 30% off Credit Building
  • No foreign transaction fees
  • Real-time e-Transfers

Most popular

Logo Everything
Supercharge everything in your KOHO account.
Starting from*

$19/month

  • 2% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 50% off Credit Building
  • No foreign transaction fees
  • Real-time e-Transfers

Essential

Earn more on the essentials your wallet cares about.
Starting from*

$4/month

  • 1% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 30% off Credit Building

Best deal

Extra

Earn extra on your spending and savings.
Starting from*

$9/month

  • 1.5% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 30% off Credit Building
  • No foreign transaction fees
  • Real-time e-Transfers

Most popular

Logo Everything
Supercharge everything in your KOHO account.
Starting from*

$19/month

  • 2% cash back on groceries, transportation, food, and drink
  • 5% interest on your entire balance
  • 50% off Credit Building
  • No foreign transaction fees
  • Real-time e-Transfers

Signing up is simple

We’re talking five minutes, zero credit checks.
Get Essential

Questions?

The Canada Deposit Insurance Corporation, or CDIC, is a Crown Corporation that provides deposit insurance to banks and financial institutions like KOHO. It insures Canadians' deposits, held up to C$100,000, in case of a bank failure. Once you opt-in to earn interest, you can rest assured your money is safe with us.
The Credit Building feature is available as an add-on across all plans — on the Essential plan you can sign up for an extra $7 instead of the usual $10. You simply take out a line of credit with KOHO and on time repayments build your credit history which can build your credit score.
Cash back on transportation includes things like your transit card top-up, train or bus ticket, gas purchases, Ubers or Lyfts, and more. It’s worth noting, a flight purchase doesn’t qualify as transportation as it’s typically categorized as travel.
You sure can. If you want to switch to another plan you can do it at the end of your next billing cycle in the app. You can find a bit more on this here.
Once you sign up for Essential you’ll need to opt in on the Interest page in-app to start earning on everything in your spending and savings account. 5% is an annual rate that’s calculated daily and paid out monthly to maximize your earnings. Once you choose to opt in, you’ll start earning right away.
The Essential plan is $48 annual or $4/month with a 30 day free trial. No more, no less, and no hidden fees. But it’s worth keeping in mind that FX fees still apply and there’s a daily maximum amount of $3000 on outbound e-Transfers. Take a peek at this article if you’d like more info.
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