KOHO is a smart spending account that’s changing the way Canadians bank. Load money, spend mindfully, earn cashback, stash away savings, and repeat.
When you bank with KOHO, you get a spending account, plus a Prepaid Visa Card to use in-store or online. Signing up is easy and takes less than 5 minutes.
No hidden fees.
No overdraft. No minimum balance. No e-Transfer fees. No hidden monthly service fees.
Earn instant cashback
Earn 0.5% on every purchase. Earn 2% on eating & drinking, groceries and transportation with KOHO Premium.
Shop securely online
You’ll get a Virtual Visa Card with a different number than your physical card. Your Virtual Card is available even before your physical card arrives in the mail, so you can sign-up, add funds and start spending in minutes. Stay secure by locking your card in-app anytime.
We keep your money safe
KOHO is trusted by over 100,000 Canadians and backed by the country’s leading investors. Your funds are held securely by our partner Peoples Trust, a federally regulated and CDIC insured bank. You’re also protected from unauthorized use under Visa’s Zero Liability policy.
Your KOHO account is linked to an app that’s designed to help you spend smarter and save more. Real-time balance notifications and spending insights have helped KOHO users reduce spend by 15%! Our savings features will help you save up for big purchases or stash away your spare change.
You can do it all
Pay bills, send money through free e-Transfers and set up pre-authorized debits to pay bills. You can even set up Payroll Direct with your employer and have all or a portion of your paycheque automatically loaded to your account.
We’re building KOHO for our users
We are constantly evolving, and our growth is grounded in the feedback we get from our (beloved!) users.
*** Featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto Life, Yahoo Finance, and Financial Post
*** KOHO users have been able to reduce monthly spending by 15% and save an average of $550 in 3 weeks
This release includes an update on the Price Match page with the low-down on how to snap a valid photo of a receipt for a higher chance of finding a price match. And in other news, Premium users will now see a fancy new Premium themed header on their home screen to remind them of their perks.
Ratings and Reviews
This is a great service. All the negative reviews are clearly from people who don’t understand what Koho is. The same people give SiriusXM a bad review because it has a paid subscription.
Developer Response ,
Thanks for your kind words, Travis :) Greatly appreciate your continued support!
Still no Quebec support
They clearly don't care about that part of the country. Full transparency or not, other banks have done the right thing to include Quebec (like Alterna who opened very recently) but Koho only care about the English part of the country and they've put in the back Burner just like Mojo Bank before them. On twitter, all they do is talk about how great a Canadian business they are. If they were, they would include ALL Canadians
Developer Response ,
Bonjour! We launched in Quebec in June 2018. I hope you've had a chance to join us, and it would be helpful if you'd consider updating your 1 star review. We're thrilled to be able to serve the whole country now :) Thank you so much!
Koho is a FANTASTIC AWESOME FINANCIAL SERVICE THAT PROVIDES FREE EVERYTHING INCLUDING E-TRANSFERS & HAS A OPTION FOR DIRECT DEPOSIT LOAD RIGHT FROM YOUR EMPLOYER. Once you sign up you’ll receive a FLASHY PLATINUM LOOKING BLACK VISA CARD that have EMBOSSED LETTERING. Makes it look like a real CREDIT CARD. THE ONLY THING THAT I’D LIKE FOR KOHO TO ADD IN THE FUTURE... IS A PRE-AUTHORIZED DEBIT/BILL FORM to make paying bills even more CONVENIENT. And Another idea, Would be if KOHO provided a 2nd KOHO VISA CARD OPTION
(maybe name it the KOHO PLATINUM ELITE) WHERE IT’S SECURED BY YOUR OWN FUNDS & KOHO THEN REPORTS TO THE CANADIAN CREDIT BUREAUS.... I’d even be open to a ANNUAL FEE FOR THAT CARD!!!!
ED @KOHO CALGARY
Developer Response ,
Hey there! Thanks so much for your awesome review of Koho. We're so stoked to hear that Koho's working out well for you! There are several features that are currently in the works, so more to come on that, but you're more than welcome to share your feature requests on our public roadmap: http://bit.ly/KohoRoadmap Thanks again!
Up to six family members will be able to use this app with Family Sharing enabled.