KOHO modernizes everyday banking for Canadians with a mobile-first spending account and prepaid Visa. The service combines fee-light basics, automatic cashback and intuitive savings tools, giving users clearer control over money without the friction of a traditional bank.
Why KOHO
Top reasons Canadians choose KOHO
The KOHO Card
KOHO issues a prepaid Visa you can use anywhere Visa is accepted. Activate a virtual card in-app instantly, then wait for the physical card by mail. The card supports contactless payments and ties directly to your KOHO account, so spending, cashback and balances update in real time—perfect for shoppers who want bank-like convenience without traditional bank fees.
App-first money control
The KOHO app is the command center: real-time transaction alerts, spending breakdowns, RoundUp micro-savings and Savings Pods for goals. Set budgets, track progress and see cashback post instantly. Premium members unlock enhanced rewards and perks inside the same app, keeping everything—from daily buys to long-term goals—under one elegant, mobile-driven roof.
Offerings
Our Take
What we like
- Low-cost, no-fee core account with quick sign-up
- Straightforward cashback and visible rewards
- Robust mobile app with automated savings features
- Instant virtual card for online purchases
Worth knowing
- Not a full-service bank—limited traditional banking services
- Canada-only availability
- Some advanced features require a paid premium plan