KOHO: Award-winning Money App

66.1K 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 four 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 - Easy, Essential, Extra, and Everything.

KOHO’s awesome cash back benefits mean you’ll be rewarded for everyday spending. Our standard Easy account offers 1% cash back on groceries, and transportation, and up to 5% back with our cash back partners. Or why not level up to the Everything plan and get 0.5% cash back on all purchases plus 2% back on groceries, food, drink, and transportation.

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
Apr 5, 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

64.4K reviews
April 5, 2024
Exceptionally. I have been using KOHO for about 4 years. I have the highest level Pais account, but I have profited so much from cash back and interest. The credit builder has worked amazing. If you use your card correctly, it isn't a free banking, it's profitable! Thanks for the amazing products, and looking forward to you achieving the next step in banking!
10 people found this review helpful
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KOHO Financial
April 5, 2024
We're thrilled to hear about your positive experience with our app over the past 4 years, Devon! Thank you for sharing your feedback and for being a loyal member of our community. We look forward to continuing to provide you with great products and services in the future!
Tasha King
April 9, 2024
Literally everything about this bank is perfect. They offer so many ways to help you save money, your money literally earns you more money by you spending money, and just having money in your account. It's free, but you can choose one of 3 or 4 different levels of a plan, the higher the level, the better the savings, etc. Also, with them having 2 different ways to help you rebuild your credit I think is absolutely genius. 10/10, recommend to all my friends, would recommend to everyone.
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KOHO Financial
April 9, 2024
Thank you so much for your glowing review, Tasha! We're thrilled to hear that you're enjoying the various money-saving features and credit rebuilding options we offer. We appreciate your recommendation and are grateful for your support!
Rumer Baxter
March 15, 2024
I'm really impressed with Koho. It has all the features I have been looking for: round up saving options, credit building, high interest for just having your money with them, and rebates for shopping at certain businesses. I heard they are becoming an official bank. If this is true, I'm going to have to fully move over to them. I really love that there are no hidden fees, and I can do as many transactions without them charging me extra. I pay for one plan.
44 people found this review helpful
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KOHO Financial
March 15, 2024
Thank you so much for your kind words, Rumer! We're thrilled to hear that you're enjoying the features we offer, and we're excited for you to potentially become a part of our community once we become an official bank. We truly appreciate your support and are always here to provide you with a seamless banking experience with no hidden fees.

What's new

You can now use a non-KOHO debit or credit card to pay for your Essential, Extra, or Everything subscription. Never worry again about the unexpected derailing your KOHO plan payments!