Cash App Alternatives in Canada

Cash App is not available to Canadian residents. Cash App currently requires account holders to be U.S. residents.

Canadians who want similar features can use KOHO to send and receive Interac e-Transfers. KOHO also provides a prepaid Mastercard for everyday spending.

KOHO Prepaid Mastercard

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 Isn't Cash App Available in Canada?

Cash App accounts currently require U.S. residency.

Cash App's terms state that users must be residents of the United States to register for its service. Cash App Pay also currently supports U.S. accounts only.

This means Canadians need another way to send and receive money digitally.

Can You Send Money With KOHO?

Yes.

KOHO lets you send and receive Interac e-Transfers anywhere in Canada. There are no fees for sending e-Transfers.

You can use e-Transfers for things such as:

• Paying back friends

• Splitting a restaurant bill

• Paying rent

• Sending money to family

• Receiving payments

Can You Send Money Instantly?

KOHO supports instant Interac e-Transfers on eligible plans.

You can also move money into your KOHO account through Interac e-Transfer. Once the money arrives, it is available to spend.

This can make KOHO useful for people who want to manage transfers and everyday spending from the same app.

Can You Use KOHO for Everyday Spending?

Yes.

KOHO gives you a prepaid Mastercard. It can be used anywhere prepaid Mastercard is accepted.

You can use it for:

• Groceries

• Restaurants

• Transportation

• Online shopping

• Bills

• Subscriptions

You load money into your account before spending it. You are not borrowing money from a credit limit.

Does KOHO Have a Virtual Card?

Yes.

Your KOHO virtual prepaid Mastercard is available after you open your account. You can use it for online purchases and subscriptions. You can also add it to a supported digital wallet.

This means you do not necessarily need to wait for your physical card before you start using your account.

How Can You Add Money to KOHO?

KOHO offers several ways to fund your account.

You can add money through:

• Interac e-Transfer

• Direct deposit

• A linked debit card

• Cash deposits at participating locations

KOHO does not currently accept cheques or wire transfers.

What Should You Look for in a Cash App Alternative?

Think about which Cash App features you actually need.

Look for:

• Free money transfers

• Fast transfers

• A card for everyday spending

• A virtual card

• Online shopping support

• Easy ways to add money

• Mobile account management