KOHO: Award-winning Money App

66.8K reviews
Content rating
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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.

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.

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.

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.

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.

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

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?

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!

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!

601 West Broadway, Suite 400, Vancouver BC, V5Z 4C2
Updated on
Jul 12, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Device or other IDs
This app may collect these data types
Location, Personal info and 6 others
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

65.1K reviews
Leigha Haney
June 20, 2024
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
13 people found this review helpful
Josh pelletier
July 2, 2024
I've been with koho for 2 plus years now and I enjoy the convenience of banking with them there coming of with new features all the time and the secure credit building and credit building does work my score has inprove quite a bit since i started using. also the abilty to lock and unlock your card is nice im in total control of thr securty of my cards and if there an issue it quickly addressed. Now they havee come out with the pay later option I have have yet to try.
KOHO Financial
July 2, 2024
Thank you for sharing your positive experience with us, Josh! We're glad to hear that you're enjoying the convenience and security features of our app. Give the pay later option a try when you get a chance!
July 11, 2024
just installed it after receiving e-mails about attempted logins, CANT CLOSE an account without first giving lots of infos like government ids, mobile numbers, etc. sounds like phishing and you're not getting it. No option to cancel before first borrowing.... Enough of this now it wants photo id or selfie video, quite clear i never opened an account before, the process will end there. All they have my phone number. STAY AWAY from this app at all cost (and it can be costly)
KOHO Financial
July 11, 2024
Sorry to hear your frustration. We do not ask for ID to close an account and borrowing is not required with our system. We offer optional loans but not required to you to have an account or close an account. You can reach us at escalations@koho.ca if you need additional help.