KOHO - No fix fee account
KOHO - No fix fee account

Simple. Smart. Secure.

CERB - Your Money Earlier
Your Money Earlier

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

Budgeting App
KOHO Save and Earn

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

Budgeting App
Your Money is Safe
Funds securely held

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 financial institution holds your funds

Budget and Track Finances
Best Budget App

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

Budget and Track Finances
No Hidden Fees
No Account Fees

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 Peoples Trust Company, a federally regulated financial institution.

Learn more about what makes KOHO different here

KOHO offers a spending account with a reloadable prepaid Mastercard®. 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 Mastercard 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 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 Mastercard’s Zero Liability policy. This means that you're fully protected from unauthorized use of your card or account information.

If you place your money in interest-bearing accounts, not only will you get a high interest rate, but your funds will also be eligible for CDIC insurance.

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 spending. 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 account fees at another institution?

The ultimate way to spend and save

Get a KOHO account

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

Get StartedOpen Account




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.

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