An app designed for everyday spending and tomorrow's savings
- KOHO is a full-service app and reloadable prepaid credit card with no hidden fees.
- Get $20 when you sign up for a free KOHO account with code HARDBACON and make your first purchase*.
Your money, managed your way
KOHO is a free chequing account that acts like a debit card but gives you all the spending power of a credit card without the interest or fees.
Your app and physical prepaid credit card work together to make day-to-day finances smart and stress-free. 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.
Instant cash back
KOHO is the only account with truly no monthly fees, no interest charges, no e-Transfer fees, and no NSF fees.
Get unlimited instant cash back. Plus, you can earn up to extra 6% cash back at select merchants.
Build your credit history
Want to build your credit history? Try Credit Building by KOHO. No deposits, no interest rates. On time repayments help to improve your credit history and a strong credit history can help to improve your credit score. But remember, a missed payment will have a negative impact on your score, so it's important to make on-time payments.
KOHO users see an average credit score increase of 22 points in their credit history after just 3 months of using Credit Building.***
Earn high interest
Boost your savings!
With your KOHO account, you can earn up to 5% interest* on both your spending and savings account.
Your funds are securely held with a variety of financial institutions, and all interest-bearing deposits are eligible for CDIC protection.
No minimum balance is required. No delays and no need to make a bank appointment.
Budgeting and planning
Automate your savings goals and bill payments whether it’s small expenses or your future savings. We’ve also made it easier to help you save as you spend by allowing you to choose to round up purchases to the nearest $1, $2, $5, or $10. You can also get balance updates after each purchase and spending insights to help you to stay on track.
Get all the beloved KOHO account features and receive more bang for your buck with Extra! Start getting 2% cash back on groceries, eating & drinking, and transportation. 0.5% for all other purchases. Plus, you can earn up to 5% interest on your entire balance.
Travel at ease with Extra. Enjoy 0 foreign exchange fees whenever you travel. Plus, 1 free international ATM withdrawal per month+.Get StartedOpen Account
Want to save on a loan or mortgage? You can get a 30% discount on Credit Building.
Whatever your financial goal and lifestyle, KOHO has the perfect plan for you