KOHO financial is a Canadian fintech company based in Toronto. While not a bank itself, the company provides banking services in partnership with Peoples Trust through a mobile app and prepaid Mastercard. KOHO Mastercard is a free pre-paid, reloadable card and integrated app that gives real-time insights into your daily spending.
Contact information
team@koho.ca- 67 Mowat Ave, Toronto, Ontario M6K, CA
Availability:
Everywhere in CanadaSupport Offered:
- Social Media
- Online App
Call Center:
7 days a weekProducts Offered
Below are all the products offered by this company.
KOHO Products
KOHO
KOHO Mastercard is a free pre-paid, reloadable card and integrated app that gives real-time insights into your daily spending.
Cost
This no-fee card functions like a chequing account but with the benefits of a credit card, even giving you cashback on all your purchases.
Summary
- No account fees
- RoundUps
- Extra cash back at select merchants
- 0.5% cashback on everything
KOHO Premium
KOHO Premium is a subscription service that earns you additional benefits.
Cost
Free for 30 days then $9 per month or $84 per year
Summary
- 2% Cash back on groceries, eating & drinking, and transportation
- No foreign transaction fees
- Free financial coaching
- Price matching
- New card design
KOHO Joint
You can open a joint account with KOHO so you and your partner or family members can earn rewards even faster and take advantage of all of the standard KOHO perks, including high-interest savings accounts and free Interac e-Transfers.
Summary
- Earn 0.5% cash back rewards with every eligible purchase
- Instant notifications when you and your partner spend
- Joint savings tools
Other Products
Rebuild your credit score. For only $7/month, you can grow your score and your opportunities.
Frequently Asked Questions About KOHO
What is KOHO?
How does KOHO work?
The card is a prepaid Mastercard, and you use it as such. It’s easy: just create an account and add money to your KOHO account via Interac e-Transfer from your regular bank account or by setting up automatic payroll deposits.
What is KOHO's goal?
KOHO wants Canadians to be able to travel more, retire sooner, and live more balanced lives. With an app and a reloadable card, KOHO is a totally new approach to spending and saving.
Where is KOHO available?
The KOHO card is available to everyone in Canada, including residents of Quebec.
How do I create an account with KOHO?
Sign up within the KOHO app for iOS or Android. Your KOHO card will come within 10 days. All you need is a Canadian bank account to send your first e-Transfer from.
What does KOHO do?
KOHO offers a no-fee spending account with instant cashback to simplify your personal finances. People use the KOHO reloadable prepaid Mastercard to budget and save. You can use it wherever Mastercard is accepted, and by using it, you’ll only spend money that you have available.
Is KOHO safe?
KOHO has partnered with Peoples Trust, a CDIC-insured and federally-regulated financial institution, to securely store users’ funds and provide innovative financial services. KOHO has raised 2 rounds of funding and won the NASDAQ award for Best FinTech Co. Additionally, with KOHO, you get a physical card that comes with a chip and PIN so your information stays secure.
Can I use the KOHO card with my partner?
Yes. You can have personal or joint accounts so the KOHO card could be good for couples who are just starting to merge their finances.
How much does KOHO cost?
There is no cost for the basic KOHO service, it’s completely free. If you decide to upgrade to the premium service, KOHO will cost you $9 per month or $84 for the year.
Can I use KOHO for online purchases?
Yes. KOHO works everywhere prepaid Mastercards are accepted. All you need to do is enter your card info — card number, your name, CVV, and expiration date.
KOHO Reviews
Avg. Rating: 5.0 (3 reviews)
Great app
February 17, 2021
“Really liking KOHO since I joined 2 months ago. The cash back on the premium plan paid for itself already. Loving my sick card, always get comments on it. ”
Great bank
February 17, 2021
“Great bank who seem to be about helping the people. Lots of great reasons to use KOHO , incentives, cash back on purchases ,just to name a couple. Check it out and you are skeptical like I was , you will soon feel at ease. Great app , great online banking. (via Google reviews)”
RoundUp
February 17, 2021
“Love the RoundUp feature!!!”
