wwwkohoca

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.

Founded2014

Price$

Main focusPrepaid Visa & spending app

AvailabilityCanada

Why KOHO

Top reasons Canadians choose KOHO

01Low-fee everyday accountA simple, no-fee basic spending account paired with a prepaid Visa—fast sign-up, virtual cards, contactless payments for daily convenience.

02Cashback & rewardsAutomatic cashback on everyday purchases, merchant offers and an optional premium tier to boost rewards and stretch routine spending further.

03Smart savings & budgetingBuilt-in tools—RoundUps, Savings Pods and categorized spending insights—make saving automatic and budgeting transparent without extra effort.

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

Prepaid Visa cardSpending accountSavings PodsCashback rewardsCredit-building toolsBudgeting & insightsPremium subscription

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

FAQ

Do you ship a physical card?

Yes. You get an instant virtual card in-app, and a physical KOHO card is mailed to Canadian addresses—typically arriving within several business days.

Can I close my account and get my money back?

You can close your KOHO account and withdraw remaining funds. Contact KOHO support through the app to process closure; ensure pending transactions are cleared first.

Are there discounts, promos or referral bonuses?

KOHO runs referral bonuses and occasional promotions. There’s also a paid Premium tier with enhanced rewards. Check the app or website for current offers and referral details.