Simple. Smart. Secure.
Your money, earlier
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
Your money is safe with us
Lock your card anytime in app
Friendly support at your fingertips
A separate Virtual Card for your online shopping
A federally regulated financial institution holds your funds
Budget and track
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
Truly no hidden fees
Monthly account fees
Your funds are held by Peoples Trust Company, a federally regulated financial institution.
Learn more about what makes KOHO different here
KOHO offers a spending account with a reloadable prepaid Mastercard®. You need to put money into your account, making it more similar to a debit account than a traditional credit card. Yet unlike a debit card, you earn cash back on all your purchases and can use your card wherever Mastercard is accepted (such as online, or worldwide in-store).
You can get your paycheque deposited directly into your KOHO account, or periodically put money into your account. Since you can’t spend more than what’s in your account, KOHO helps you spend smarter, save more, and avoid credit card interest!
We’ve partnered with Peoples Trust, a federally regulated bank to hold any money you load onto your KOHO card. This means that if anything were to happen to us, your money would be safe and you’d be able to access it through Peoples Trust.
Your KOHO card is also covered under Mastercard’s Zero Liability policy. This means that you're fully protected from unauthorized use of your card or account information.
If you place your money in interest-bearing accounts, not only will you get a high interest rate, but your funds will also be eligible for CDIC insurance.
Did you know that Canadians pay an average of $750 in credit card interest per year? With a reloadable card like KOHO, you can’t spend more money than you have in your account. This means you’ll never, ever owe us interest.
The KOHO app helps you manage your money by giving you real-time insights into your spending. There are also savings features that help you to stash away savings without realizing it.
You can use KOHO to pay bills, send free e-Transfers, pay your credit card bill, shop online, get money from an ATM, fund your investment account, and more. There are very few features we don’t have, so why bother paying pesky account fees at another institution?