The ultimate way to spend and save

Get cash back, earn interest, and grow your savings — all for free.

KOHO is a Fintech company, not a bank. KOHO partners with a variety of banks and CDIC insured institutions to deliver our product.

Funds held securely

Get instant cash back

Get 0.5% cash back on every purchase, and up to 10% when shopping with our brand partners.

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Earn 1.2% interest

From your Spendable to your savings, earn 1.2% interest on your entire account.

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All direct deposit cash balances from your KOHO account(s) are held in trust at a Canada Deposit Insurance Corporation (CDIC) member institution. CDIC is a Canadian federal Crown corporation that insures eligible deposits at CDIC member institutions (List of Members) to a maximum $100,000 per insured category-provided certain disclosure rules are met. Coverage is free and automatic. For more information on how CDIC trust protection works, click here.

Do it all for free

Access all these perks for free. No more surprising charges or hidden fees.

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Made for all things money

KOHO is a free spending and savings account that makes your personal finances simple, smart, and super rewarding.

It’s connected to our app that tracks your spending habits and automates your savings with features like RoundUps and Goals. You also get a prepaid Visa card that gets you 0.5% cash back on every purchase, or 2% on 3 major categories with KOHO Premium.

Our products

Early Payroll

Set up direct deposit and get 3-day early access to $100 of your paycheque in case of emergencies or unexpected bills. Time travel — it’s a thing with KOHO.

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Credit Building

The easiest way to build your credit score (we checked!). Subscribe for $7/month and we’ll handle the nitty-gritty work of improving your credit score in just six months.

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Premium: The no-brainer cash back account

It's time to step up your cash back game with KOHO Premium. Start getting 2% cash back for buying the daily essentials, like almond milk, your Thai takeout, and bus fare!

$9 monthly / $84 annual

Start 30 day free trial

Get that human touch

Our products are nothing without our people. Reach out to our wonderful support agents if you ever need a helping hand, and rest assured that hand will belong to a human.

4.8 star App Store rating

Not bad for a financial product. Join over 375,000 Canadians using, and loving, KOHO.

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KOHO is a bit like a chequing account, with the perks of a high-interest savings account and a really great credit card. Just like a chequing account, you can put money into your KOHO account and then spend that money however you see fit. Like a savings account, you can earn interest on your every dime and deposit. And like a credit card, you’ll get cash back and other perks, plus you can use your card anywhere Visa is accepted.

Unlike a credit card, however, the KOHO card draws from funds that are already your money. This key difference makes you spend more mindfully and effectively save more. In fact, the average KOHO user saves 7% of whatever money they load into their account.

It’s pretty simple. You add funds to your KOHO account in one of three ways: e-Transfer from your regular bank account, loading through an existing Visa debit, or by having your work’s payroll directly deposit your paycheque (we call this direct deposit).

Then, you use your KOHO card, either in person or online, to make purchases just like you would with any debit or credit.

Plus, KOHO runs on the Visa network, so merchants can treat your KOHO card just like a normal credit card transaction.

We’ve partnered with Peoples Trust, a federally regulated and CDIC-insured bank to hold any money you load onto your KOHO card. This means that if anything were to happen to us (and that’s a big if!), your money would be safe and you’d be able to access it through Peoples Trust.

The big difference is that we’re digital-first. We prioritize financially empowering our users over things like branded ATMs (though KOHO works at any ol’ ATM, and we won’t charge you for using one). Consequently, we can keep our costs low and aim to pass these savings to our users.

Plus, you get at least 0.5% cash back on all your purchases, and 2% on 3 major categories with a KOHO Premium account. You can make even more when you shop at our brand partners.

Also, our app is pretty awesome.

We’ve put in the research time to make it dead simple to use, and there are lots of built-in ways to make the most of your money.

We tweak and improve our app in order to release updates every three weeks. Which, to be frank, is not a thing most banks can say. Most banks usually release a new version of their apps once a year.

Honestly? Probably, yes – but you can use KOHO for most of your day-to-day needs and have your other bank as back-up.

If you’re down to have your paycheque deposited directly and never need to write paper cheques, you can use KOHO for all your personal finance needs.

It’s super simple to pay your bills from your KOHO account. You can also send unlimited free e-Transfers, and, of course, use the card anywhere Visa is accepted. Also, you can instantly deposit e-Transfers from other KOHO users.

However, if you need to write cheques or receive e-Transfers from non-KOHO accounts, you’ll still need a regular bank account for those functions.

Most people start out by using KOHO for the fun kind of spending – loading their account with what’s left over after accounting for standard expenses and savings. The guilt-free spendable, if you will.

Some financial experts recommend around 30% of each paycheque should go toward guilt-free spending, but your specific budget might vary.

It’s just as easy as reaching for a credit card, but it won’t cost you 20% to finance your life and since it’s already your money, you know you’re staying within your means.

Personal finances 101

Explore our blog, AKA a collection of money lessons you never got in school.

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Get started with KOHO

Sign up for a free Personal or Joint account (or both!). It’ll take 5 minutes — max.

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The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.