KOHO: Award-winning Money App

KOHO Financial

About this app

Discover a smarter way to manage money with KOHO.

Join over 1 million Canadians who trust KOHO, the modern, full-service spending, and savings account with no hidden fees, instant cash back on your must-haves, and interest on your entire balance. Whatever your financial needs, the KOHO app is catered to you with a range of tailored plans. Say goodbye to the hassle of budgeting and enjoy a seamless, user-friendly experience with the reloadable prepaid Mastercard that helps you spend wisely and save effortlessly.

PERSONALIZED PLANS FOR EVERYONE
KOHO has curated three different plans to suit any sort of spending and saving, for ultimate flexibility and freedom with your money. Boost your cash back rewards, jumpstart your credit-building journey, or earn more interest with KOHO plans - Essential, Extra, and Everything.

EARN MORE, SPEND LESS
KOHO’s awesome cash-back benefits mean you’ll be rewarded for everyday spending. Get up to 2% back on groceries, food, drink, and transportation and 0.5% cash back on all purchases.

GOODBYE, UNNECESSARY FEES
With KOHO, you'll never have to worry about e-transfer, ATM withdrawal, or hidden charges. We’re here to save you money — no more worrying about hefty bank fees.

BUILD YOUR CREDIT HISTORY
KOHO's Credit Building program helps you improve your credit history with minimal effort. Simply secure a line of credit, make timely repayments, and watch your credit history flourish, and say hello to a brighter financial future.

EARN INTEREST ON EVERYTHING
Maximize your earnings with a 5% HISA. Watch your money grow and master your savings goals. Reliable, steady growth designed to meet savings goals.

START SPENDING IN MINUTES
Sign up quickly and receive a virtual card instantly. Use the app to pay bills, send Interac e-transfers, create savings goals, and chat with the KOHO team for support or suggestions. No time like the present, right?

REFER & EARN
Share the love and earn $20 for each friend you refer to KOHO – they'll also get a $20 bonus to kickstart their financial journey!

PEACE OF MIND GUARANTEED
Partnering with Mastercard means your money is held securely. Protect yourself further by locking your card in-app and enjoy our zero-liability policy for unauthorized use.

As featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto Life, Yahoo Finance, and Financial Post.

KOHO is a fintech company, not a bank. We partner with a variety of banks to deliver an outstanding financial product.

*Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice. Try KOHO today and unlock your full financial potential!

KOHO
601 West Broadway, Suite 400, Vancouver BC, V5Z 4C2

Ratings and reviews

I used to like this app, but I probably wouldn't recommend based on my recent experiences. Two of the features I liked were the savings goals and budgeting features which have now been modified to be essentially useless. For example, you can no longer label purchases with the correct budget category - they will always revert to whatever the app labelled them as, which is often incorrect or incomplete. The savings goals also malfunction so that you don't meet the goal using the auto contributions

The same Wealth Simple shiesters at it again. What started off as a great way to rebuild my credit, I used it for almost a year. I had stopped my credit building payments and asked for my account to be closed back in april due to losing my job, even had a non negative account balance. Get an email in May saying I owe, I say to myself I oopsed, got my account to $0.00 and requested my account be closed again. Now they say I owe them for CB, which was cancelled and doesnt show up. Scammers

I am unable to verify my identity. I have a status card. When i go to do it, it just brings me to a page explaining the process. I've tried the automated process when I first signed up but it kept having issues. I would like to do an etransfer to a friend, but can not without this verifications. I have already tried using my bank to verify and nothing came of that. Other wise it's a great app but like e support from the app would be awesome. Or at least txt msg.

What's new

Limited-time offer: get $50 for every friend you refer to KOHO, & your friend will get 4 months of Everything for free!