KOHO Cash Advance

KOHO is a digital banking platform built for Canadians. It offers prepaid cards, cashback rewards, credit-building tools, and easy ways to manage your money - all through their app.

You can spend, save, earn cashback, build credit, track your credit score, and access a cash advance or line of credit. All of it is managed through your phone.

To qualify, you need to be a KOHO user and subscribe to the Cover bundle. There’s no formal application or credit check required.

KOHO offers a credit-building program that reports your payments to the credit bureau. This helps improve your credit score over time when payments are made on time.

You get a virtual card instantly when you open a KOHO account—no credit check needed. You can use it online or in-store with Apple Pay, Google Pay, or Samsung Pay. You can also request a physical or metal card if you prefer.

KOHO isn’t a bank, but it works with banking partners to provide services that feel like banking—without the hidden fees or long wait times.

If you subscribe to KOHO’s Cover bundle, you can access a cash advance of up to $250. It’s interest-free and doesn’t require a credit check. The bundle also includes a credit report, faster customer support, and access to financial coaching.

KOHO offers a line of credit through its partner Fora. You can apply for $1,000 to $15,000. Interest starts at 19.9%, and you only pay interest on the amount you use. It's a helpful option if you need more than the standard cash advance.

KOHO has a free plan and paid plans with added perks like higher cashback, more savings interest, and discounts on credit-building tools. All plans come with a 30-day trial so you can test them out.

Yes. KOHO uses bank-level encryption and is PCI compliant, which means your data and money are well protected.