Extra
Earn extra on your spending and savings
The plan that makes your money go even further with cash back on every purchase and high interest savings for just $9 per month.
Earn 2% interest on your entire balance
Get cash back every time you tap
Build your credit history for 30% less
Earn 2% interest on your entire balance
Get cash back every time you tap
Build your credit history for 30% less
Choose Extra if you like the sound of:
2% cash back on groceries, eating & drinking, and transportation
0.5% cash back on all other purchases
2% interest on your entire balance, from your Spendable to your savings
No FX fees
Credit Building for $7 / month instead of $10
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
Convenient & nice rewards! Superb for managing tight budgets in our current environment!
Awesome, easy to use service! There are lots of great incentives.
Saving made easy
Convenient & nice rewards! Superb for managing tight budgets in our current environment!
Awesome, easy to use service! There are lots of great incentives.
Saving made easy
Don’t just take our word for it
Convenient & nice rewards! Superb for managing tight budgets in our current environment!
Awesome, easy to use service! There are lots of great incentives.
Saving made easy
Convenient & nice rewards! Superb for managing tight budgets in our current environment!
Awesome, easy to use service! There are lots of great incentives.
Saving made easy
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
Still deciding?
There are plenty more plans where that came from.
Easy
Free and easy earning on the must-haves.
$0
/mo
No monthly fees
1% cash back on 2 categories
0.5% interest
Essential
Earn more on the essentials your wallet cares about.
$4
/mo
1% cash back on 3 categories
0.25% cash back on every purchase
1.5% interest
Extra
Earn extra on your spending and savings.
$9
/mo
2% cash back on 3 categories, 0.5% on everything else
2% interest
Credit Building for $7
Supercharge everything in your KOHO account.
$19
/mo
2% on 3 categories and 0.5% cash back on everything else
4% interest
Credit Building for $5
Easy
Free and easy earning on the must-haves.
$0
/mo
No monthly fees
1% cash back on 2 categories
0.5% interest
Essential
Earn more on the essentials your wallet cares about.
$4
/mo
1% cash back on 3 categories
0.25% cash back on every purchase
1.5% interest
Extra
Earn extra on your spending and savings.
$9
/mo
2% cash back on 3 categories, 0.5% on everything else
2% interest
Credit Building for $7
Supercharge everything in your KOHO account.
$19
/mo
2% on 3 categories and 0.5% cash back on everything else
4% interest
Credit Building for $5
Questions?
The Canada Deposit Insurance Corporation, or CIDC, 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. So 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 Extra 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 Presto 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 Extra you’ll need to opt in on the Interest page in-app to start earning on everything in your spending and savings account. 2% 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.
No you don’t need to worry about any additional fees. The Extra plan is $84 annual or $9/month with a 30 day free trial. No more, no less, and no hidden fees. But it’s worth keeping in mind that there is a daily maximum amount of $3000 on outbound e-Transfers. Take a peek at this article if you’d like more info.