KOHO is a modern financial management app that offers Canadians a smarter way to handle their money. With over 1 million users, KOHO provides a full-service spending and savings account with no hidden fees. The app offers instant cash back on essential purchases and even pays interest on the entire account balance. KOHO aims to make budgeting hassle-free and provides a user-friendly experience with its reloadable prepaid Mastercard.

KOHO offers personalized plans to cater to different financial needs. Users can choose from four different plans - Easy, Essential, Extra, and Everything - to suit their spending and saving preferences. These plans offer various benefits such as boosted cash back rewards, credit building opportunities, and higher interest rates. Whether you want to earn more cash back or save more, KOHO has a plan for everyone.

One of the key advantages of using KOHO is the elimination of unnecessary fees. Users no longer have to worry about charges for e-Transfers, ATM withdrawals, or hidden fees. KOHO aims to save users money by providing a transparent and fee-free banking experience. Additionally, KOHO offers a Credit Building program that helps users improve their credit history with minimal effort. By securing a line of credit and making timely repayments, users can watch their credit history flourish.

KOHO stands out from traditional banks by offering competitive interest rates on both spending and savings accounts. Users can earn up to 4.25% interest on their entire account balance, without any fees, minimum balances, or promotional rates. This feature sets KOHO apart and provides users with the opportunity to grow their savings effortlessly. Signing up for KOHO is quick and easy, with users receiving a virtual card instantly. The app allows users to pay bills, send Interac e-Transfers, set savings goals, and receive support from the KOHO team. Additionally, users can refer friends to KOHO and earn $20 for each successful referral. With KOHO's partnership with Mastercard, users can have peace of mind knowing that their money is held securely, and they are protected by the Zero Liability policy for unauthorized use.