Limited offer! Sign up with code KOHONBA75 and get $75 to NBAstore.ca

Essential

Get Essential for $4 $0

The plan that gets you more from your everyday spending, fee free*
Get Essential
Earn on your essential spending with KOHO
Earn 5% interest on your entire balance
Get extra cash back at 1000+ merchants
Set up Direct Deposit and get Essential for $0*
Earn 5% interest on your entire balance
Get extra cash back at 1000+ merchants
Set up Direct Deposit and get Essential for $0*
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
5% interest on your entire balance
Instant e-Transfers
Unlimited Transactions
reloadable prepaid KOHO Mastercard
Up to 5% extra cash back at selected merchants
Up to $100K of your money earning interest is protected by CDIC
Free Credit Score
Get all of this on us, $0*

Enjoy the Essentials, On Us

At KOHO, we believe in rewarding you for making smart financial choices—choices that not only benefit you today but pave the way for a brighter tomorrow. That's why we've introduced a straightforward way for you to enjoy all the benefits of Essential on us, no fee.

How to get Essential for $4 $0?

Here’s how you can take control and transform your everyday finances into an opportunity for financial progress, at no extra cost:

Direct Deposit

Simply set up a recurring direct deposit of your paycheque or government benefits. It's not only convenient but also a gateway to experiencing KOHO's full suite of features at no cost.

OR

Monthly Contributions

Ensure a total of $1000 or more finds its way into your KOHO membership each month. How you get it there is up to you—e-transfer and transfers from other accounts both count.

Don’t just take our word for it

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
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 $0/month

Try Essential, free

  • 1% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • Earn Essential for $0 when you set up Direct Deposit or load $1000 per month

  • Free Credit Score

View all benefits

Best deal

Extra

Earn extra on your spending and savings.

Starting from*

$9/month

Try Extra, free

  • 1.5% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • 30% off Credit Building

  • Free Credit Score

  • No foreign transaction fees

  • Instant e-Transfers

Most popular

Logo Everything

Supercharge everything in your KOHO account.

Starting from*

$19/month

Try Everything, free

  • 2% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • 50% off Credit Building

  • Free Credit Score

  • No foreign transaction fees

  • Instant e-Transfers

Essential

Earn more on the essentials your wallet cares about.

Starting from*

$4 $0/month

Try Essential, free

  • 1% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • Earn Essential for $0 when you set up Direct Deposit or load $1000 per month

  • Free Credit Score

Best deal

Extra

Earn extra on your spending and savings.

Starting from*

$9/month

Try Extra, free

  • 1.5% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • 30% off Credit Building

  • Free Credit Score

  • No foreign transaction fees

  • Instant e-Transfers

Most popular

Logo Everything

Supercharge everything in your KOHO account.

Starting from*

$19/month

Try Everything, free

  • 2% cash back on groceries, transportation, food, and drink

  • 5% interest on your entire balance

  • 50% off Credit Building

  • Free Credit Score

  • No foreign transaction fees

  • Instant 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. You can sign up for Credit Building for $10 per month. 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.

logo.koho

Company

AboutAffiliatesCareersCommunity DiscountsCultureEnterpriseLearnNewcomersTravelStatusStudent & Graduate Discounts

Connect

The KOHO Mastercard® Prepaid card is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

By using this website, you accept our Terms and Conditions. Follow these links for more information on our Privacy Policy and Accessibility Policy. © 2024 KOHO Financial Inc.