About This App
KOHO offers a modern spending and savings account that helps users avoid fees. It provides instant cash back and interest on balances, streamlining financial management.
How to Install
Locate the download button or link on this page. Follow the on-screen instructions to download and install the app. Once installed, open the app and complete any initial setup steps.
Why Choose
Earn rewards on spending
Get rewarded for daily purchases with up to 2% cash back on groceries, food, and transportation, and 0.5% on all other spending.
Avoid banking fees
Manage your money without worrying about e-transfer, ATM withdrawal, or hidden charges, helping you save money.
Build credit history
The Credit Building program assists in improving your credit history through timely repayments and a secured line of credit.
Is It Right for You?
Choose It If
- You want no-fee banking
- You seek rewards on spending
- You want to build credit
Think Twice If
- You need traditional banking services
- You prefer a full bank
Good to Know First
- KOHO is a fintech company, not a bank.
- Interest rates are subject to change and are paid monthly.
- Referrals earn a $20 bonus for both parties.
The Bottom Line
KOHO is suitable for Canadians seeking a fee-free spending account with rewards. Users prioritizing traditional banking services might consider other options.
