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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 Full-Service Account, 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. 

The regular KOHO account 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.

The KOHO Premium Account 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 Joint Account is $0 a month. It features 0.5% cashback on all purchases and extra cashback at specific merchants, sharing finances and savings goals easily, and a notification feature to let you and your partner know about each other’s spending.

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 merchant and earn up to 6% cashback. Some partners include Baskin Robbins, Contiki, Vitamix, Attitude, Branch, Frank And Oak, and more. If you become a KOHO Premium member, you can receive an additional 2% cashback on groceries, transport, and restaurants.

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 $7 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 1.2% interest. You can set up a direct deposit once with no minimum balance required and get the 1.2% earning interest rate at no cost. Through their app, you can access their RoundUp feature to save your spare change and achieve your financial goals faster.

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