KOHO: Mobile Banking Alternative

KOHO is a free, good chequing account that’s changing the method in which Canadians bank.

Like all good things, KOHO comes in threes. First, it begins with this very app that’s designed that will assist you price range like a pro. It’s connected to your chequing account, the place you can earn 1.2% curiosity in your whole balance by opting in to KOHO Save. Finally, we have our reloadable Visa credit card. It works like a Visa debit, except you get to make at least 0.5% money back on every buy. Pretty sweet, right?

Start Spending in Minutes

Signing up is easy and quick — we’re talking 5 minutes, zero credit checks. Plus, you’ll get a digital prepaid Visa Card immediately upon registration. That means you can begin on-line buying and incomes in minutes; no need to wait for your physical card to arrive in the mail.

No Hidden Fees

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

Make Instant Cashback

Get 0.5% cashback on every purchase with our standard free account. Want slightly more? Try KOHO Premium for $9/month or $84/year to earn 2% on eating and drinking, groceries, and transportation.

Earn 1.2% Interest on Everything

Yes, we mean everything! From your Spendables to financial savings, you probably can earn 1.2% interest (that’s 2x the national average) on your complete account balance by establishing Direct Deposit and opting in to KOHO Save.

Grow Your Credit Score

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

Get Paid Early

With our Early Payroll feature, you can entry $100 of your next Direct Deposit paycheque, 3 days early, for free. Or, entry $100 of your subsequent paycheque any time for $5. No curiosity, no catch — just a bit assist if you may want it most.

Spend Smarter, Save Faster

Real-time stability notifications and spending insights level up your budgeting sport. In truth, the common KOHO consumer saves 7% of the money they put into their account each month.

Do it all with KOHO

While KOHO isn’t your common banking service, it can fulfill all your banking needs. Pay payments, send Interac e-Transfers, and even arrange Direct Deposit with your employer to have your paycheque (or a part of it) routinely loaded to your account.

Keep your money safe

KOHO is trusted by over 350,000 Canadians and backed by the country’s leading buyers. Your cash is held securely by our companion Peoples Trust, a federally regulated and CDIC-insured financial institution. You can even lock your card in-app anytime, and are also protected from unauthorized use beneath Visa’s Zero Liability coverage.

Take the driver’s seat

We’re constructing KOHO for our customers ,so our steady development is grounded in the feedback we get from you! Reach out to us in-app if you have ideas for improvement.

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