Find the latest KOHO promotions, bonus offers, and referral codes here.
With Canada being one of the most expensive places to bank in the world, their needed to be a change to how banking is done. KOHO is a free deposit account that allows you to send money transfers, pay bills, automate savings and access ATMs, providing you with everything you might need to manage your money. Continue reading below to learn more about KOHO!
Compare to other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, Bank of America, Wells Fargo, and more!
About KOHO
KOHO is a Fintech company rooted in the belief that a better banking alternative exists. We’ve set out to build it for all Canadians, from Tofino to Fogo Island. No hidden fees, no fine print, no catch — just the ultimate way to spend and save.
Download the KOHO app, register with KOHO, and immediately receive a new KOHO card by email, giving you instant access to your smart spending account.
KOHO Features
- Get access to $100 of your government payments early
- Set up your CRA payments to KOHO to be eligible (CERB)
- No fees or interest, just a little buffer for your bills
- Download the latest version of the app to see it in-app
- Get 0.5% cash back on all purchases, more with Premium
- Have the app RoundUp your spare change and stash it away
- Reach your goals faster with automated savings
- Earn up to an extra 5% cash back at select merchants
- Preload your spending money to make budgeting easy
- Get balance updates after each purchase
- Use spending insights to stay on track
- Get access to free financial coaching
Current KOHO Promotions
KOHO $20 Sign-Up Bonus
Earn a free sign up bonus worth $20 when you use this referral link to download the KOHO App and make your first purchase using the KOHO card within 30 days of sign-up to get the $20 bonus.
(Visit the link above to download the KOHO)
KOHO $20 Referral Offer
KOHO offers a sweet referral program that allows current users to invite their friends and family for a reward of $20 for every person that registers and makes a purchase with the KOHO card within 30 days. If you know anyone interested, take advantage of this so that both you and your friends can earn the bonus.
- What you’ll get: $20 Referral Offer
- Earn up to $1,000 in bonuses
- Who is eligible: KOHO
- Where it’s available: KOHO Referral
- How to earn it:
- Log in to the KOHO mobile app and share your unique referral link to your friends and family.
- After they join KOHO, have them make a purchase on their KOHO card within 30 days of account opening.
- Both of you will enjoy the $20 referral bonus!
(Visit the link above to download the KOHO)
KOHO App & Prepaid Cards
On top of being a great banking alternative, KOHO also has their own mobile app and reloadable Visa card that lets you spend, budget, and save with ease. The app provides insights into your spending patterns, lets you set spending limits and savings goals, and helps you reach them with automatic round ups.
You have the option of depositing funds with e-Transfer or by setting up some sort of direct load of all, or a portion of, your paycheck. We recommend the direct deposit option because you’ll earn 1.20% interest on your balance and access up to $100 of your paycheck up to three days before getting paid.
KOHO prepaid cards work like debit cards, but they also earn rewards – 0.5% on all purchases – like cashback credit cards. Purchases made with select KOHO partners earn extra cash back, up to 5%. The KOHO reloadable card can link to your digital wallet, like Apple Pay, Google Pay, or Samsung Pay.
KOHO Credit Builder
If you have problems accessing affordable credit because of your credit history, KOHO can help with their Credit Building feature. It a $7/month, 6-month subscription that automatically deducts the monthly fee from your account and reports these “payments” to a credit bureau. Members can track changes to their credit score every month and renew their Credit Building subscription as many times as they want.
Bottom Line
KOHO is a banking alternative that allows you to get cash back on every purchase, earn 1.2% interest on every penny, and avoid hidden fees.
If this interests you, take advantage of the offers listed above! You can also check out other referral offers here!