KOHO is a smart spending account that’s changing the way Canadians bank.

You get a free spending account that earns instant cash back on every purchase, and an app that helps you save money. Since KOHO works like a debit account, you’ll avoid the pesky interest that comes with a regular credit card.

Signing up is easy and takes less than 5 minutes!

Here’s why Canadians love KOHO:

The savings rate for Canadians is below 2% of income. Using KOHO’s saving features, the average KOHO user saves 7% of the money they put into their account each month.

Canadians spend on average $159 a year in bank fees. The fees at KOHO are $0.

Canadians spend on average around $500 in credit card interest. But with KOHO, it’s your money, so you’ll never owe interest.

No hidden fees
No overdraft. No minimum balance. No e-Transfer fees. No hidden monthly service fees.

Earn instant cashback
Earn 0.5% on every purchase. Earn 2% on eating and drinking, groceries and transportation with KOHO Premium.

Start spending in minutes
A Virtual Visa Card with a unique number is available even before your physical card arrives in the mail, so you can sign-up, add funds and start spending in minutes.

Spend smarter, save better
Real-time balance notifications and spending insights have helped KOHO users save money easily. Our savings features will help you save up for big purchases or stash away your spare change.

Do it all with KOHO
Pay bills, send free e-Transfers and even set up Direct Deposit with your employer to have your paycheque (or part of it) automatically loaded to your account.

We keep your money safe
KOHO is trusted by over 170,000 Canadians and backed by the country’s leading investors. Your funds are held securely by our partner Peoples Trust, a federally regulated and CDIC insured bank. You’re also protected from unauthorized use under Visa’s Zero Liability policy. Stay secure by locking your card in-app anytime.

We’re building KOHO for our users
We are constantly evolving, and our growth is grounded in the feedback we get from our (beloved!) users. 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