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What exactly is KOHO?
Rounding it up
Think of KOHO as a way to help you reach your financial goals, equipped with a spending and savings account, a prepaid credit card, and a stellar app.
How does it work? First, you load funds to your no-fee KOHO account via e-Transfer or direct deposit.
Then, you make whatever purchases with your KOHO prepaid credit card—and earn cash back every single time.
Finally, you can use your KOHO app to look at your spending trends and cultivate healthy saving habits.
Silvi Woods
Silvi Woods is a financial planner at Wealthsimple and holds her CFA and CFP designations. Prior to Wealthsimple, she worked as an Investment Analyst for one of Canada’s largest equity mutual funds and as a Financial Planner at KOHO.
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