You are using an outdated browser. Please upgrade your browser to improve your experience.
KOHO Financial: Mobile Banking

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

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

KOHO Financial: Mobile Banking

by Koho Financial
KOHO Financial: Mobile Banking
KOHO Financial: Mobile Banking

What is it about?

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

App Details

Last updated
March 25, 2021
Release date
January 23, 2017
More info

App Screenshots

KOHO Financial: Mobile Banking screenshot-0
KOHO Financial: Mobile Banking screenshot-1
KOHO Financial: Mobile Banking screenshot-2
KOHO Financial: Mobile Banking screenshot-3
KOHO Financial: Mobile Banking screenshot-4
KOHO Financial: Mobile Banking screenshot-5
KOHO Financial: Mobile Banking screenshot-6
KOHO Financial: Mobile Banking screenshot-7

App Store Description

KOHO is a smart spending and savings 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. And now with KOHO Save, users can earn 1.2% interest on their entire account balance once they’ve set up a direct deposit. Since KOHO works like a debit account, you’ll avoid the pesky interest that comes with a regular credit card.

Here’s why Canadians love KOHO:

Start spending in minutes
Signing up is easy and takes less than 5 minutes! Plus, a Virtual prepaid 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.

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

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

Earn 1.2% interest on your entire account balance
With KOHO Save you’ll be earning two ways: cash back every time you spend your money, and 1.2% interest on your entire account balance each month.

Grow your credit score
Let’s (re)build your credit score. For only $7/month, you can improve your credit score and your opportunities. Credit scores provided by TransUnion.

Get paid early
With our Early Payroll feature, you can access $100 of your next direct deposit paycheque, 3 days early, for free. Or access $100 of your next paycheque any time for $5. No interest, no hidden fees.

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. Using KOHO’s saving features, the average KOHO user saves 7% of the money they put into their account each month.

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.

The savings rate for Canadians is below 2% of income. 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.

*** Featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto Life, Yahoo Finance, and Financial Post

AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to [email protected] and your information will be removed.