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Get a $20 cash bonus with code: COMPAREWISE plus earn up to 10% cashback - Claim this offer

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Get a $20 cash bonus with code: COMPAREWISE plus earn up to 10% cashback - Claim this offer

KOHO Overview

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*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by opening an account and making a purchase with KOHO card within 30 days after registration (this works with both virtual and physical cards).

KOHO is a Canadian based Fintech company that provides financial solutions with no hidden fees. They’re partnered with Mastercard and Peoples Trust to ensure KOHO’s products can be used worldwide.

KOHO Features

One of the benefits you can access from KOHO is their Easy plan, which has no monthly fees, no interest charges, no e-Transfer fees, and no NSF fees. With cash back and no fees, KOHO users can save more and pay down debt quicker.

Get balance updates after each purchase. With KOHO, you can see how you are tracking each day, week, or month with our spending insights. 

Users can also use their KOHO account for day-to-day finances including setting up automatic bill payments, setting up direct deposits, and sending free e-transfers. KOHO users may also access up to 50% of their daily paycheque if their employer is one of KOHO’s Instant Pay partners. 

koho instant cashback on every purchase

The Easy KOHO plan is $0 a month with no account fees and features 0.5% cashback on all purchases and extra cashback at specific merchants and an in-app card lock feature. Plus earn 3% interest on your savings with this free plan.

The KOHO Essential plan costs just $4 per month and gets you 5% interest on your spending and savings balances.

The KOHO Extra plan is $9 a month and features 2% cashback on transport, groceries, and restaurants; access to financial coaching in-app, a free monthly international ATM withdrawal, and a price match feature.

The KOHO Everything plan costs $19 per month and provides the most perks including 5% interest on spending and savings balances, unlimited real-time e-transfers, and credit building benefits for just $5 per month.

koho sign up bonus - comparewise

You can select the KOHO Joint account option for any of the KOHO plans. The features and benefits will match the KOHO plan you subscribe to.

The second benefit you can access from KOHO is you can earn cashback on all purchases. Whenever you make a purchase with your KOHO account you will instantly receive a minimum of 0.5% cashback within 1-2 business days.

You can even earn more with KOHO partnered merchants and earn up to 5% cashback. Some partners include Baskin Robbins, Contiki, Vitamix, Attitude, Branch, Frank And Oak, and more. If you become a KOHO Essential, Extra, and Everything member, you can receive an additional 2% cashback on groceries, transport, and restaurants.

koho 20 bonus promo banner mastercard- comparewise

Promo Offer: Get a $20 cash bonus with code: COMPAREWISE plus earn up to 10% cashback.

The third benefit you can access from KOHO is its Credit Building subscription feature. For $10 a month, you can borrow a line of credit and repay it when it’s due, which then helps build your credit history. Through their app, you can monitor your credit score in real-time and get support anytime.

The fourth benefit you can access from KOHO is their Earn Interest feature, which allows you to earn up to 5% interest. You can set up a direct deposit once with no minimum balance required and get the 3% earning interest rate at no cost and 5% interest on the paid plans. Through their app, you can access their RoundUp feature to save your spare change and achieve your financial goals faster.

Other top app offers…

Service Areas

Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Online, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon


  • App

Year in Business

Since 2014





FAQs about KOHO

What is KOHO?

KOHO is a Canadian based Fintech company that provides financial solutions with no hidden fees. They’re partnered with MasterCard and Peoples Trust to ensure KOHO’s products can be utilised all over the world.

Why should I use KOHO?

There are a lot of reasons why you should use KOHO. Some examples include:

  1. Access to their ‘Full-Service Account’, which has no hidden fees.
  2. Earn a minimum of 0.5% cashback on all purchases.
  3. Access to their ‘Credit Building’ subscription to build your credit score.
  4. Access to their ‘Earn Interest’ feature, which allows you to earn 1.2% interest on your account balance.
  5. Access to up to 50% of daily paycheque if your employer is one of KOHO’s Instant Pay partners.

How much does KOHO cost?

KOHO is completely free for everyone. Users can register and get their virtual card right away.

The KOHO premium membership costs $9 monthly or $82 annually with all the KOHO features in addition to earning 2% instant cashback on three specific categories and 0.5% cashback on everything else. KOHO Premium users also pay no fees on foreign transactions. They can also access financial coaches and price match services.

How do I get started with KOHO?

To get started with KOHO, you need to go to their website and sign up, which takes less than 5 minutes. Joining KOHO will not affect your credit score as they only perform a soft credit check to verify your credit file.

Is KOHO safe?

KOHO is partnered with People Trust Company which is a federally regulated financial institution to ensure your funds are safe. They are also partnered with MasterCard’s Zero Liability policy to ensure you are protected in case anyone accesses your card or account. Additionally, when you

KOHO Products

KOHO Prepaid
KOHO Prepaid
KOHO Joint
KOHO Joint
KOHO Premium
KOHO Premium
Credit Building
Credit Building

KOHO Offices

Phone Number
+1 855-564-6999
Office Hours
Monday - Friday 9am - 5pm EST
67 Mowat Ave, Ste 200 Toronto Ontario M6K 3E3 CA
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April 18, 2022

I’m loving it!! It’s so much easier to afford $7 bucks for the credit building program then it was to fork over $200 or $300 for the bigger company’s!! I use the prepaid card daily and signed up for the roundup and have already used the price matching feature and got back .12 cents!! It’s not a lot but every little bit helps!!! I literally have nothing bad to say about KOHO or any of its added programs!!

April 18, 2022

I had a great experience with Koho. I got my $20 welcome bonus and everything. It was super simple to sign up and fund my account. The e-transfers literally go through the second you make them.

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KOHO Details
  • mobile phone icon
    +1 855-564-6999
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    Monday - Friday 9am - 5pm EST
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    67 Mowat Ave, Ste 200 Toronto Ontario M6K 3E3 CA
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KOHO Social Media
KOHO Reviews
5.0 average based on 2 reviews
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