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*Limited time only – Get a $40 cash bonus with code: COMPAREWISE by opening an account and making a purchase with KOHO card within 30 days after registration (works for virtual and physical cards). Plus get 2 months of KOHO Everything FREE ($29.50 value)!

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 earning a fee-free experience with their Essential plan. If you link direct deposit to your account or deposit a minimum of $1,000/month then the $4 monthly fee won’t apply. With up to 6.5% cash back, 3.5% interest, and potentially 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 can also access up to $250 interest-free cash advances with KOHO Cover. 

The KOHO Essential plan costs just $4 per month (with the option to have your fee waived) and gets you 2% interest on your spending and savings balances.

The KOHO Extra plan is $12 a month and features 1.5% cash back on transport, groceries, and restaurants, 2.5% interest on your savings balance, access to financial coaching in-app, a free monthly international ATM withdrawal, and a price match feature.

The KOHO Everything plan costs $14.75 per month and provides the most perks including 3.5% interest on spending and savings balances, unlimited real-time e-transfers, and credit building benefits for just $5 per month.

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 50% cashback. Some partners include Baskin Robbins, Contiki, Vitamix, Attitude, Branch, Frank And Oak, and more. If you become a KOHO Extra or Everything member, you can receive additional cashback on groceries, transport, and restaurants.

Promo Offer: Get a $40 cash bonus with code: COMPAREWISE plus earn 3.5% interest.

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 3.5% interest. Through their app, you can access their RoundUp feature to save your spare change and achieve your financial goals faster.

If you’re looking to send money abroad or convert currencies, you can save money with KOHO International Money Transfer. You’ll get access to the best exchange rates, see any applicable fees in a transparent, up-front way, and your money will arrive at its destination in 30 minutes.

For the renters out there, you set up your rent payments in KOHO and they’ll get reported to Equifax to boost your score! Plus find deals on tenant insurance in the app.

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