KOHO: Canada's Money App

KOHO Financial

About this app

Make money progress with KOHO.

Join over 2.5 million Canadians who trust KOHO as the ultimate way to spend and save—no hidden fees, no fine print, no catch. With a prepaid Mastercard and innovative tools, we provide our users with the ability to earn, spend, borrow, build credit, and budget—all in one convenient app. KOHO’s mission is to make managing money accessible, engaging, and user-friendly, ensuring that everyone has the resources they need to take control of their financial future.

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.

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 build your credit history. A strong history can raise your scores.

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.

EARN INTEREST ON EVERYTHING

Maximize your earnings with up to 3.5% high-interest savings. Watch your money grow and master your savings goals. Reliable, steady growth designed to meet savings goals.

SEND AN INTERNATIONAL MONEY TRANSFER

Send money abroad quickly and securely at competitive exchange rates. Whether you’re supporting family, paying for services, or making purchases overseas, you can transfer funds in just a few taps.

WE OFFER SOME OF CANADA'S LOWEST CRYPTO TRADING FEES

No hidden spreads, no unexplained markups. Just clear trading fees from 0.5% to 1.5% based on your plan.

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

Ultimately not a bad app I have been using KOHO for a few years now but I do have a couple of problems 1.This card does get rejected as a prepaid credit card which can be quite inconvenient and 2.I'd Like to be able to e-transfer the entirety of my balance including cover if necessary in situations where your card does get rejected Because it's prepaid that would be a very useful service I do pay $30 a month for my cover i should be able to transfer it if necessary. please make this a feature!

It is a good bank for someone with a low income or on odsp/disability income or other government fixed income. However it is impossible to find or get help resolving issues with your account. For a bank that has no physical branches you would think they would at least have a customer support team in the event of a lost or stolen card or illegal transactions that you didn't perhaps make. They need a Customer Support department and a place in the app or online where that information is available.

close account just opens a clanker. edit: it is not instant - you need to fill out a terrible survey that probably doesn't allow the actual reasons for your cancellation, and there is no feedback that the cancellation worked until you get an email later (with another survey).

What’s new

Improved platform stability and app performance.