KOHO: Mobile Banking Alternative

KOHO is a free spending and financial savings account that’s changing the greatest way Canadians do money.

Like all good things, KOHO comes in threes. First, it begins with this very app that’s designed to assist you budget like a pro. It’s linked to your account, the place you'll find a way to earn 1.2% interest on your complete stability. Finally, we now have our reloadable prepaid Visa card. It works like a Visa debit, besides you get to make no less than 0.5% cash again on every buy.

Make immediate cash back

Get 0.5% cash again on every purchase with our commonplace free account. Want somewhat more? Try KOHO Premium for $9/month or $84/year to earn 2% money again on eating and ingesting, groceries, and transportation.

Earn 1.2% interest on everything

Yes, we imply everything! From your Spendable to your financial savings, you can earn 1.2% curiosity (that’s 2x the nationwide average) on your entire account by setting up Direct Deposit.

No hidden fees

Traditional banks love to charge charges (the common Canadian spends $159 a year in bank fees!). We say, sufficient with this BS — bank stuff, that is. At KOHO, we’ll never charge you fees for overdrafts, e-Transfers, ATM withdrawals, or non-sufficient funds.

Spend smarter, save faster

Real-time steadiness notifications and spending insights degree up your budgeting sport. In truth, the average KOHO person saves 7% of the money they put into their account every month.

Grow your credit score

Whip your credit rating into shape with Credit Building. For only $7/month, this function will handle the nitty-gritty work of improving your credit score and your future monetary opportunities. Credit scores offered by TransUnion.

Get paid early

With our Early Payroll feature, you can access $100 of your subsequent Direct Deposit paycheque, 3 days early, free of charge. Or, entry $100 of your next paycheque any time for $5. No interest, no catch — just a bit assist when you would possibly need it most.

Start spending in minutes

Signing up is simple and fast — we’re speaking 5 minutes, zero credit score checks. Plus, you’ll get a virtual pay as you go Visa card instantly upon registration. That means you can begin online purchasing and incomes money again in minutes; no want to wait for your physical card to reach in the mail.

Do all of it with KOHO

While KOHO isn’t your average personal funds platform, it can fulfill all of your cash wants. Pay bills, send Interac e-Transfers, and even set up Direct Deposit along with your employer to have your paycheque (or part of it) automatically loaded to your account.

Keep your cash safe

KOHO is trusted by over 350,000 Canadians and backed by the country’s leading traders. Your money is held securely by our associate Peoples Trust, a federally regulated financial institution. You also can lock your card in-app anytime, and are also protected against unauthorized use under Visa’s Zero Liability coverage.

Take the driver’s seat

We’re building KOHO for our users, so our continuous growth is grounded within the feedback we get from you! Reach out to us in-app if you have ideas for enchancment. Love KOHO the means in which it is? Spread the word and refer a pal — we’ll reward you and your pal with $20 each time you refer.

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

KOHO is a Fintech firm, not a bank. KOHO companions with quite so much of banks and CDIC insured establishments to ship our product.