Best Venmo Alternative in Canada

Venmo is not available to Canadians.

Venmo requires users to be physically located in the United States and have a U.S. phone number. If you need a Canadian alternative for sending money to friends or family, KOHO lets you send and receive free Interac e-Transfers.

KOHO Prepaid Mastercard (Credit Card Alternative)

KOHO Prepaid Mastercard is a credit card alternative that lets you spend money you already have.

With KOHO Prepaid Mastercard, you can:

• Get instant approval with no credit check

• Spend only the money you load onto your account

• Pay no interest on your purchases

• Earn up to 2% cash back

• Use your card for in-store purchases, online shopping, and recurring payments

Why Doesn't Venmo Work in Canada?

Venmo is built for users in the United States. You need to be physically located in the U.S. to use it.

This means Canadians need another way to send money digitally.

Can You Send Money With KOHO?

Yes. KOHO lets you send Interac e-Transfers to anyone in Canada. Transfers are free.

You can send money through the KOHO app by choosing a recipient and entering the amount you want to send.

Can You Send Money Instantly Between KOHO Users?

Yes. KOHO offers K2K transfers between KOHO members.

The money is transferred instantly. There is no fee.

This can be useful for paying back a friend or splitting an expense.

Can You Use KOHO for Everyday Purchases?

Yes.

Your KOHO account also comes with a prepaid Mastercard. You load your own money onto the account before spending it.

You can use the card for everyday purchases. KOHO also offers a virtual card that can be used online or added to Apple Pay, Google Pay or Samsung Pay.

What Should You Look for in a Venmo Alternative?

Think about what you actually used Venmo for.

Look for features such as:

• Sending money to friends and family

• Requesting money

• Splitting expenses

• Free transfers

• Fast transfers

• A card for everyday spending

• Mobile payment support