About KOHO

Name: KOHO
Price: KOHO
Version: 1.80.0
Author: KOHO Financial
Category: finance
Package: ca.koho


The latest version of the KOHO app was released on July 12, 2023. Here are some of the new features:

  • Introducing KOHO PowerUps: KOHO PowerUps are a new way to earn even more rewards with KOHO. PowerUps are small, incremental boosts to your earnings that can add up over time. For example, you can earn a 1% boost on all your purchases when you activate the Cash Back PowerUp.
  • Improved budgeting: The budgeting features in the KOHO app have been improved. You can now create custom budgets and track your spending in more detail.
  • New card design: The KOHO Mastercard® has a new, sleeker design. The card is now black with a gold stripe, and it features the KOHO logo in a new font.
  • Bug fixes and performance improvements: The app has also been updated with a number of bug fixes and performance improvements. These fixes and improvements should make the app more stable and reliable.

Introducing KOHO: A Smart Spending and Savings Account

Managing your finances just got easier with KOHO. This innovative app offers a smart spending and savings account for Canadians that’s changing the way they bank. KOHO gives users a free spending account that earns instant cash back on every purchase, helping them save money without the pesky interest that comes with regular credit cards.

Features of KOHO

The KOHO app offers a plethora of fantastic features that make it simple to manage your money:

  • A free spending account that earns instant cash back
  • Real-time balance notifications to keep you informed of your spending habits
  • The ability to set savings goals and track your progress
  • Free e-Transfers and bill payments
  • Access to a virtual Visa card with a unique number before receiving the physical card

Pros of using KOHO

One of the most significant benefits of KOHO is the flexibility it provides users without hidden fees or monthly service charges. It's also easy to sign up and start using right away, with a virtual Visa card available before the physical card arrives. Additionally, the app offers cash back on all purchases, helping users save money while making everyday purchases.

Cons of using KOHO

While KOHO offers many benefits, there are some cons users should take into account. Some users may find the lack of a physical location challenging, and KOHO's cash back rewards are small compared to some other options on the market. Additionally, some users may miss the benefits of a traditional credit card, including extended warranties and purchase protection.

How to Use KOHO

Sign up for your free KOHO account by downloading the app from the App Store or Google Play. You'll be able to create an account in under five minutes, receive a virtual Visa card, and start using the account immediately. To use the app, load funds into your account and start spending. The app allows you to track your spending habits and progress towards your savings goals.


Is KOHO Right for Me?

If you're looking for an account that offers no hidden fees, easy-to-understand features, and excellent cash-back rewards, KOHO is an excellent option. Additionally, if you're comfortable using online banking methods and prefer the convenience of a mobile app over a physical location, KOHO is a great choice.

How Safe is KOHO?

KOHO is a secure app for managing your finances, backed by the country's leading investors. Your funds are held securely by KOHO’s partner, People’s Trust, a federally regulated and CDIC-insured bank. Users are also protected from unauthorized use under Visa's Zero Liability policy.

What Are the Fees for KOHO?

One of the most significant benefits of KOHO is that there are no hidden fees or monthly service charges. Anytime you use your card, you earn cash back on your purchases. If you choose KOHO Premium, you'll earn even higher rewards for everyday purchases and receive additional savings features.

How Can I Reach Out to KOHO?

If you have questions or would like to provide feedback, you can reach out to KOHO within the app. The company is continually evolving and genuinely values the feedback of its users.


Overall, KOHO is a fantastic app for Canadians looking to manage their money. It offers excellent features, no hidden fees or monthly charges, and the ability to earn cash back on every purchase. Try KOHO today and see how easily it can help you manage your finances.