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Master The New Features In Our Online Banking App

4 min read

koho new features in banking app

Written By

Nick Saraev
Nick Saraev

Did you know that over 65% of Canadians use mobile banking? It's easy to see why, as mobile banking opens up a world of opportunity when on the go, making digital banking features, online banking, and transactions available at your fingertips.

This shift towards digital platforms has absolutely transformed personal finances, offering unprecedented convenience and control over your financial life.

Here at KOHO, we're at the forefront of this revolution. As we dive into this guide, our mission is clear – to empower you to familiarize yourself with the latest features at your disposal, guaranteeing that your banking is as mobile as you are.

From account balances to managing savings at the swipe of a finger, we're here to walk you through the innovations that make money management easy and intuitive. Let’s take a look at some of the KOHO mobile app features.

Empowering Your Finances with KOHO's Digital Banking Features

Dive into the digital age with KOHO's mobile banking app, designed to transform how you manage your finances with a suite of innovative features. This section will explore the account management and mobile banking features at your fingertips, all aimed at enhancing your financial freedom and control.

Real-Time Account Balances and Transaction History: Experience the end of waiting for monthly statements. KOHO offers live updates on your account balances and transactions, providing a dynamic view of your finances that keeps you informed and in control every step of the way.

Pay Bills and International Money Transfers with Ease: KOHO simplifies paying bills and sending money across borders. The app streamlines these essential tasks, making global transactions as simple as a local e-transfer, all without leaving your home.

Paying Bills with Ease

KOHO's app simplifies the task of paying your bills, whether it's for your mobile phone, hydro, or even another credit card. With just a few taps on your phone, you can manage and pay these bills directly from the app.

This feature saves time and adds convenience to your financial routine, ensuring that staying on top of your monthly expenses is hassle-free and efficient.

Order and Activate a Physical Card

Through the app, ordering physical cards is just a few taps away. Receive your card, activate it, and start using it for your everyday transactions, bridging the gap between digital and physical spending.

Budget and Tracking

Monthly budgeting with an app. Preload your spending money, receive updates after purchases, and access insights to keep your spending on track. Plus, take advantage of free financial coaching to reach your goals faster.

24/7 KOHO Support

Help is always at hand with KOHO's in-app customer support and virtual assistant. Whether you have a query or need assistance, the KOHO team is ready to support you anytime, ensuring a seamless banking experience.

Tuck Money Away in Your Personal Vault

KOHO's Vault feature allows you to set aside money effortlessly. Without the need for a set amount or date, add funds at your convenience, secure in the knowledge they're saved for when you truly need it, untouched by daily spending.

Contactless Payments and Digital Wallet Integration

Everyday transactions using the KOHO app are effortlessly intuitive thanks to integration with payment platforms like Google Pay and Apple Pay.

Integrating KOHO's virtual card into your digital wallet transforms payments into a pinnacle of convenience, merging security with the simplicity of tap-and-go transactions. This marks a significant leap towards modern banking.

Mastering the integration of KOHO's virtual card with digital wallets like Apple Pay and Google Pay significantly elevates the convenience of contactless payments and financial management.

After setting up your KOHO account and exploring the benefits of a virtual credit card, adding it to your digital wallet is straightforward:

For Apple users, follow this guide to add your card to Apple Pay.

Android users can refer to this guide for Google Pay.

This seamless integration not only simplifies everyday banking but also enriches your digital banking experience, making it easier to manage your finances securely and efficiently.

Check Your Credit Score

Keep your financial health in check with the KOHO app, offering an effortless way to monitor your credit score. Unlike some credit score apps, a KOHO credit score check is free and included with your KOHO mobile app.

Simply download the app and follow these steps:

  1. Download the KOHO app and sign up for an account.

  2. Choose your plan—Essential, Extra, or Everything—for a 30-day free trial.

  3. Find your free credit score within the app, reported by Equifax.

  4. Receive monthly updates to stay informed about your credit history.

KOHO provides monthly updates to help you track changes over time, all without affecting your score. Dive deeper into managing your financial well-being with insights and tips, enhancing your mobile banking experience.

Start by checking your free credit score directly through the KOHO app for a comprehensive view of your credit health.

KOHO Mobile Banking Cybersecurity Features

In an era where digital finance is king, KOHO redefines mobile banking security, ensuring your peace of mind with cutting-edge cybersecurity features. Let's explore how KOHO keeps your finances safe and sound.

Customized Security and Spending Alerts

In the digital age, securing your personal finances is important. KOHO steps up with robust security features, including customizable push notifications and secure login credentials.

These tools are your financial watchdogs, guarding against unauthorized access while keeping you updated on account activities. We’ve created a secure environment for your bank account online, where you have control and peace of mind.

Managing a Lost Card with Ease

Losing a card can be a stressful experience, but with KOHO's mobile app, you can quickly cancel lost cards immediately. This advanced technology feature ensures that if your card ever goes missing, you can prevent unauthorized use with just a few taps, adding security and convenience.

Robust Encryption for Your Data

When using the KOHO app, strong encryption is used to keep your information safe. Think of it as a super-secure lock that only lets you and KOHO see your data when it's being sent or stored.

This way, all your personal details stay just between us, ensuring your privacy and security every step of the way.

Elevate Your Mobile Banking Experience with Exclusive KOHO App Features

KOHO's app brings an array of exclusive features that not only make banking transactions effortless but also add value to every interaction with your finances.

Cash Back Rewards and Savings

The Cash Back Rewards and Savings feature in the KOHO app is a fantastic way to make your spending more rewarding.

Whenever you use your KOHO card for purchases, you earn cash back, which is conveniently displayed in your Spend tab once the transaction is completed.

The app not only shows your earned cash back but also provides insights on the cashback rate. Additionally, it offers tips and strategies to maximize your rewards, making every purchase with KOHO more beneficial for your wallet.

Virtual Card

KOHO's virtual card is instantly accessible in the app, offering immediate spending power without waiting or credit checks. Use it for both in-store and online shopping, and add it to your digital wallet for contactless payments.

If you're curious about what a virtual card is and how it differs from its physical counterpart, think of it like this: a virtual card is the digital twin of a traditional debit card. It resides securely in your KOHO app, offering all the functionalities of a physical card but in a convenient digital format.

Perfect for online purchases or when you're without your physical card, it's your financial flexibility in the palm of your hand.

Credit Building

Credit Building is a vital feature of the KOHO app, designed to help users enhance their financial health. By accessing a line of credit through the app, you can effectively manage and build your credit score.

The app simplifies this journey, enabling you to build your credit with KOHO in a more streamlined and user-friendly manner. This tool is particularly useful for those looking to improve their credit history, offering a straightforward path to better financial standing.

High-Interest Savings Account

Managing a high-interest savings account through the KOHO app is a user-friendly and efficient process.

By opting into earning interest, users can significantly grow their savings. The app's intuitive features like Vault, Goals, and Roundups further enhance the savings potential, allowing for a personalized and strategic approach to saving money.

This feature is particularly beneficial for those looking to maximize their savings effortlessly, providing a straightforward solution for growing funds over time.

Overdraft Protection

The KOHO app offers a built-in feature for overdraft protection coverage, giving you an extra layer of financial security.

This tool is designed to help you avoid the stress of overdrawn accounts. With KOHO's overdraft protection, you can have peace of mind knowing that you're covered in those close-call situations.

Setting up and managing within the app is simple, ensuring you're always in control of your finances.

Getting Started with the KOHO App

Starting your journey with the KOHO app is a swift and intuitive process tailored to enhance your financial experience right from your phone.

As you sign up and explore the app's features, you'll appreciate how it's designed to save time and keep you connected with your finances. Whether you're looking to transfer money, manage your savings, or explore cash-back options, KOHO simplifies these tasks, all while providing the convenience of mobile access.

Embrace a banking experience that aligns with your lifestyle, offering both efficiency and connectivity.

Signing up for KOHO is quick and straightforward, with no credit checks, allowing you to optimize your financial management immediately.

With the KOHO app, you're unlocking a world of smart financial opportunities accessible right from your phone.

You can download the KOHO app from the Google Play Store or theApple App Store, and begin your journey towards smarter money management today.

Note: KOHO product information and/or features may have been updated since this blog post was published. Please refer to our KOHO Plans page for our most up to date account information!

Nick Saraev

Nick is a freelance writer and entrepreneur with a particular interest in business finance. He's been featured in publications like Popular Mechanics and Apple News

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