Banking is complex and robotic. We make it simple and human. Open a full-service account with no hidden fees for everyday spending and tomorrow's savings.
KOHO is the alternative to your traditional banking experience. KOHO works like a debit card, but is accepted everywhere Visa is. Meaning you can Preload your budget and say goodbye to overspending!
Instant 0.5% Cashback
Earn cash rewards on all purchases and never, ever pay interest.
Savings Designed For You
Automate your savings with customizable goals. The app will automate your goal contributions so that you can “set it and forget it.”
Save as you spend by rounding up purchases to the nearest $1, $2, $5, or $10.
You Can Do it All
Pay bills, send money through free e-Transfers and set up pre-authorized debits. You can even set up Payroll Direct with your employer and have all or a portion of your paycheque automatically loaded to your account.
It Pays to Refer
Earn up to $3000 when you refer friends and family to KOHO.
Trusted by over 100,000 Canadians and backed by the country’s leading investors. Funds are held securely by Peoples Trust and protected under Visa’s Zero Liability policy.
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.
Sign up for a free account in minutes and let the app categorize your spending and serve up data insights you can actually use.
*** Compatible with Apple Pay
*** Featured as Apple’s ‘Best New Updates’ April 2019
*** Featured in NASDAQ, Bloomberg, The Globe and Mail, CBC, Toronto
Life, Yahoo Finance, and Financial Post
*** KOHO users have been able to reduce monthly spending by 15% and
save an average of $550 in 3 weeks
Our coffee-fueled engineers have been hard at work improving the KOHO experience. Onboarding enhancements allow you to open a KOHO account in minutes, while adding money and referring friends is now a breeze. This all means less time toggling in your app, and more time enjoying the sunshine. You can also now see insights by tag (such as “business” or “reimbursement”) rather than category.
If you have any questions or comments for us, we’d love to hear from you. Reach out anytime via our in-app chat!
Ratings and Reviews
Still no Quebec support
They clearly don't care about that part of the country. Full transparency or not, other banks have done the right thing to include Quebec (like Alterna who opened very recently) but Koho only care about the English part of the country and they've put in the back Burner just like Mojo Bank before them. On twitter, all they do is talk about how great a Canadian business they are. If they were, they would include ALL Canadians
Developer Response ,
Bonjour! We launched in Quebec in June 2018. I hope you've had a chance to join us, and it would be helpful if you'd consider updating your 1 star review. We're thrilled to be able to serve the whole country now :) Thank you so much!
This is a great service. All the negative reviews are clearly from people who don’t understand what Koho is. The same people give SiriusXM a bad review because it has a paid subscription.
Developer Response ,
Thanks for your kind words, Travis :) Greatly appreciate your continued support!
Koho is a FANTASTIC AWESOME FINANCIAL SERVICE THAT PROVIDES FREE EVERYTHING INCLUDING E-TRANSFERS & HAS A OPTION FOR DIRECT DEPOSIT LOAD RIGHT FROM YOUR EMPLOYER. Once you sign up you’ll receive a FLASHY PLATINUM LOOKING BLACK VISA CARD that have EMBOSSED LETTERING. Makes it look like a real CREDIT CARD. THE ONLY THING THAT I’D LIKE FOR KOHO TO ADD IN THE FUTURE... IS A PRE-AUTHORIZED DEBIT/BILL FORM to make paying bills even more CONVENIENT. And Another idea, Would be if KOHO provided a 2nd KOHO VISA CARD OPTION
(maybe name it the KOHO PLATINUM ELITE) WHERE IT’S SECURED BY YOUR OWN FUNDS & KOHO THEN REPORTS TO THE CANADIAN CREDIT BUREAUS.... I’d even be open to a ANNUAL FEE FOR THAT CARD!!!!
ED @KOHO CALGARY
Developer Response ,
Hey there! Thanks so much for your awesome review of Koho. We're so stoked to hear that Koho's working out well for you! There are several features that are currently in the works, so more to come on that, but you're more than welcome to share your feature requests on our public roadmap: http://bit.ly/KohoRoadmap Thanks again!
Up to six family members will be able to use this app with Family Sharing enabled.