Simple. Smart. Banking.

Your money, earlier

  • Get access to $100 of your government payments early

  • Set up your CRA payments to KOHO to be eligible (CERB)

  • No fees or interest, just a little buffer for your bills

  • Download the latest version of the app to see it in-app

Save and Earn

  • Get 0.5% cash back on all purchases, more with Premium

  • Have our app RoundUp your spare change and stash it away

  • Reach your goals faster with automated savings

  • Earn up to an extra 5% cash back at select merchants

Your money is safe with us

  • Lock your card anytime in app

  • Friendly support at your fingertips

  • A separate Virtual Card for your online shopping

  • A federally regulated and CDIC insured bank holds your funds

Budget and track

  • Preload your spending money to make budgeting easy

  • Get balance updates after each purchase

  • Use spending insights to stay on track

  • Get access to free financial coaching

Truly no hidden fees

  • $0.00

    Monthly account fees

  • $0.00

    NSF fees

  • $0.00

    e-Transfer fees

  • $0.00

    Interest charges


Your funds are held by People's Trust, a federally regulated & CDIC insured bank.

Learn more about what makes KOHO different here

KOHO offers a spending account with a reloadable prepaid Visa card. You need to put money into your account, making it more similar to a debit account than a traditional credit card. Yet unlike a debit card, you earn cash back on all your purchases and can use your card wherever Visa is accepted (such as online, or worldwide in-store).

You can get your paycheque deposited directly into your KOHO account, or periodically put money into your account. Since you can’t spend more than what’s in your account, KOHO helps you spend smarter, save more, and avoid credit card interest!

We’ve partnered with Peoples Trust, a federally regulated and CDIC-insured bank to hold any money you load onto your KOHO card. This means that if anything were to happen to us, your money would be safe and you’d be able to access it through Peoples Trust.

Your KOHO card is also covered under Visa’s Zero Liability policy. This means that you're fully protected from unauthorized use of your card or account information.

Did you know that Canadians pay an average of $750 in credit card interest per year? With a reloadable card like KOHO, you can’t spend more money than you have in your account. This means you’ll never, ever owe us interest.

The KOHO app helps you manage your money by giving you real-time insights into your spend. There are also savings features that help you to stash away savings without realizing it.

You can use KOHO to pay bills, send free e-Transfers, pay your credit card bill, shop online, get money from an ATM, fund your investment account, and more. There are very few features we don’t have, so why bother paying pesky bank fees at another institution?

Get a KOHO account

Sign up for a free Personal or Joint account (or both!) in minutes.

Open Account




The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.