Choose Everything if you like the sound of:
- 2% cash back on groceries, eating & drinking, and transportation
- 0.5% cash back on all other purchases
- 4% interest on your entire balance
- No FX fees
- Credit Building for just $5 / month
- Free Credit Score
- Instant e-Transfers
- Unlimited Transactions
- Up to 6.5% extra cash back at selected merchants
- Up to $100K of your money is eligible for CDIC protetion**
Don’t just take our word for it
“I am a new comer to Canada and I know how important credit score is, in just the short few months of using flexible credit building I have a good credit score to almost excellent.”
— Romesha
“I absolutely love it. Highly recommend. Easy & simple way to restore your credit score. With some time and discipline in months I’ve gained 57 points.”
— Patrick
“I’m saving for fertility treatments to be able to have a baby as a single woman. Using KOHO allows me to split up the different costs involved. I’m hoping to welcome my baby into the world in 2024!”
— Joanna
With every plan you can
- Shop securely online with a virtual card
- Build your credit history with Credit Building
- Save on the app with features like RoundUps, Savings Goals, and Vaults
Pick a plan and try it with no cost
All KOHO plans come with a free 30 day trial so you can see if it suits you.
FAQS
The Canada Deposit Insurance Corporation, or CDIC, is a Crown Corporation that provides deposit insurance for eligible deposits held at CDIC member institutions in case of a member institution’s failure. KOHO is not a CDIC member institution, but when you opt-in to Earn Interest, your KOHO balance is held in trust with one or more CDIC member institutions. CDIC insures eligible deposits held in trust up to $100,000 per beneficiary, per member institution, provided that KOHO meets certain disclosure requirements. For more information visit cdic.ca. Just a heads up: KOHO accounts not earning interest are not eligible for CDIC protection.
The Credit Building feature is available as an add-on across all plans. You simply take out a line of credit with KOHO and on time repayments build your credit history which can build your credit score.
Cash back on transportation includes things like your transit card top-up, train or bus ticket, gas purchases, Ubers or Lyfts, and more. It’s worth noting, a flight purchase doesn’t qualify as transportation as it’s typically categorized as travel.
You sure can. If you want to switch to another plan you can do it at the end of your next billing cycle in the app. You can find a bit more on this here.
Once you sign up for Everything you’ll need to opt in on the Interest page in-app to start earning on everything in your spending and savings account. 4% is an annual rate that’s calculated daily and paid out monthly to maximize your earnings. Once you choose to opt in, you’ll start earning right away.
**When you opt in to Earn Interest, your funds are placed in trust with one or more CDIC member institutions. Funds held in trust by CDIC member institutions are eligible for CDIC protection of up to $100,000 per beneficiary, per member institution, if the member institution were to fail. For more info on CDIC coverage please check out this link. KOHO Accounts not earning interest are not eligible for CDIC protection.