Connecting you with KOHO...


KOHO offers a spending account with a reloadable prepaid Mastercard. You need to put money into your account, making it similar to a debit account verses 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).

The Perks

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! 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.

We recommend Koho Card because...

Pros & Cons

  • Get instant cash back up to 5%
  • Earn 0.5% to 2% interest on spending
  • Build your credit history with regular payments
  • Premium costs $9 monthly/$84 annually
  • Only the first international ATM withdrawal is free

FAQs about KOHO

What is KOHO?

KOHO is a Canadian based Fintech company that provides financial solutions with no hidden fees. They're partnered with MasterCard and Peoples Trust to ensure KOHO's products can be utilised all over the world.

Why should I use KOHO?

There are a lot of reasons why you should use KOHO. Some examples include:

  1. Access to their 'Full-Service Account', which has no hidden fees.
  2. Earn a minimum of 0.5% cashback on all purchases.
  3. Access to their 'Credit Building' subscription to build your credit score.
  4. Access to their 'Earn Interest' feature, which allows you to earn 1.2% interest on your account balance.
  5. Access to up to 50% of daily paycheque if your employer is one of KOHO's Instant Pay partners.

How much does KOHO cost?

KOHO is completely free for everyone. Users can register and get their virtual card right away. The KOHO premium membership costs $9 monthly or $82 annually with all the KOHO features in addition to earning 2% instant cashback on three specific categories and 0.5% cashback on everything else. KOHO Premium users also pay no fees on foreign transactions. They can also access financial coaches and price match services.

How do I get started with KOHO?

To get started with KOHO, you need to go to their website and sign up, which takes less than 5 minutes. Joining KOHO will not affect your credit score as they only perform a soft credit check to verify your credit file.

Is KOHO safe?

KOHO is partnered with People Trust Company which is a federally regulated financial institution to ensure your funds are safe. They are also partnered with MasterCard's Zero Liability policy to ensure you are protected in case anyone accesses your card or account. Additionally, when you

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