Learn about the KOHO App

Learn about KOHO

KOHO is a spending and savings account here to simplify your personal finances.

It's a bit like a spending account, with the perks of a credit card. Think of KOHO as a collection of features designed to help you reach your goals faster and spend your money on things you like, rather than things that you don't, like credit card interest or hidden fees.

The key difference is that unlike a traditional credit card, it's already your money—there's no interest to pay, and the funds on your card are, well... all yours. Plus, unlike pretty much everyone with just a bank-issued credit card.

The long and short of it is that KOHO makes it easier (dare we say even fun) to manage your spending and savings habits.

Who is KOHO for?

If you're a Canadian living paycheque to paycheque, KOHO gets it. We know you need an account that works harder for you.

One that puts high interest savings, cashback rewards, and even cash advances all in one simple app.

No jumping between different apps or accounts. Just everything you need, right at your fingertips.

Choose your plan

KOHO offers three plans to match your lifestyle:

Essential Plan

The plan that gets you more from your everyday spending, fee free¹.

At KOHO, we believe in rewarding you for making smart financial choices. That's why we've introduced a straightforward way for you to enjoy all the benefits of Essential for $0/month—delivering over $100/year in value.

Extra Plan

The plus account that makes your money go even further with cash back on every purchase and high interest savings.

Everything Plan

Canada’s most powerful all inclusive account.

The Everything plan includes the best of KOHO’s features, tools, and rewards.

Your cards, your way

Get a virtual card with its own unique number—separate from your physical card.

This means safer online shopping without worrying about your main card details being exposed.

You also get a physical card for everyday purchases. And if you go with the Everything Plan, you'll get our metal card for free.

Grow your money while you sleep

Depending on your plan, you can earn between 2% to 3.5% interest on your savings. That's way better than most traditional banks!

Your money works for you, even when you're binge-watching your favorite show.

Important to know: When you opt in to Earn Interest, your funds are placed in trust with one or more CDIC member institutions. Funds held in trust by CDIC member institutions are eligible for CDIC protection of up to $100,000 per beneficiary, per member institution, if the member institution were to fail.

Cashback that actually adds up

Who doesn't love getting money back just for spending? With KOHO, you can earn:

• Up to 2% cashback on everyday purchases

• Plus 6.5% cashback at partner merchants

It's like getting a little thank you every time you swipe your card.

When life happens

We all have those moments when payday feels too far away.

KOHO's got your back:

• Cash Advance: Access up to $250 when you need it

• Line of Credit: Get approved for anywhere between $1,000 to $15,000

• Pay Later: Pay off purchases up to $1,000 in monthly instalments

Think of these as your financial safety net—there when you need it, without the stress.

Build your credit (yes, really!)

KOHO helps you build your credit history:

• Free Credit Score & Report: Try our free trial and get access to your credit score and full credit report

• Credit Building: A secure, affordable way to build your credit history

• Rent Reporting Service: We report your rent payments to Equifax, which means your on-time rent actually helps build your credit.

Send money without the hassle

International Money Transfers: Need to send money abroad? Our new feature makes it simple.

Unlimited e-Transfers: Send money to friends, family, or split the bill—as many times as you want. No limits, no fees.

No Foreign Exchange Fees (on Extra and Everything Plans): Traveling or shopping internationally? You won't get dinged with those annoying FX fees that usually eat into your money.

Available on your phone

Download KOHO from the Google Play Store or Apple App Store.

Manage everything right from your phone—check your balance, track spending, move money around, all while standing in line for coffee.

Is KOHO a bank?

Nope! We're a financial technology company (or fintech, if you want to sound fancy).

We're focused on using smart technology to make your financial life easier and more transparent.

We're here to work alongside your financial goals, not weigh you down with complicated banking jargon and hidden fees.

Why Canadians love KOHO

KOHO is available exclusively in Canada and brings together everything you need to take control of your money:

✓ High-interest savings
✓ Cash back rewards
✓ Credit building
✓ Cash advances when you need them
✓ No hidden fees
✓ All in one simple app

Whether you're just starting to get serious about your finances or looking for a better way to manage your money, KOHO makes it simple, straightforward, and (dare we say it again?) actually fun.

Ready to take control of your money? Download KOHO today and see what easier finances feel like.