Your Money, Working Harder for You.
Earn cashback on every purchase, save at 3.5% interest, access up to $250 before payday at 0% interest, and build your credit — all in one free app. Open via our link and we'll send you $20 cash.
Traditional banks were built for bank profits.
KOHO was built for your progress.
NSF fees. Monthly account fees. Transaction fees. The big banks profit from your financial stress — by design. KOHO was built to end this.
Banks help your credit only when you open a credit card or loan — products designed to cost you money. KOHO builds your credit while you spend, save, and borrow smarter.
As an official KOHO partner, we've negotiated an exclusive bonus for our readers. When you open KOHO through our partner link, you get everything KOHO offers — plus we send you $20 CAD via e-Transfer once your account is funded. This is the biggest cash bonus available for KOHO anywhere in Canada. No other website, blog, or comparison site is offering $20. Our readers get the best deal — full stop.
The biggest KOHO cash offer available anywhere in Canada.
We searched every affiliate site, comparison platform, and deal aggregator in Canada. Nobody is offering $20 cash for KOHO signups. This is our exclusive partner offer — and it's the best deal you'll find.
We're sending you:
$20Cash via Interac e-Transfer — direct to your account
*$20 bonus is funded by our affiliate commission from KOHO. This does not affect your KOHO account, fees, or pricing in any way. Bonus paid after account funding is confirmed. One bonus per customer.
You must use our link below to qualify. Simply opening KOHO directly does not earn the bonus.
Six reasons 2 million Canadians switched to KOHO
KOHO isn't just a banking app. It's a complete financial operating system — and the only one that rewards you for using it, helps you build credit, and covers you when you're short.
Real cashback on every purchase
Earn 1%–2% cashback on groceries, transportation, food and drinks — on every swipe, automatically. No points. No redemption. Cash back directly to your balance.
Up to 3.5% savings interest
Earn 3.5% interest on your balance with the Everything plan — more than most GICs and savings accounts at Canada's big five banks. Your money works harder while it sits.
Credit building — two ways
KOHO reports payment history to Equifax, helping you build a real credit score. Users see an average 22-point improvement after just 3 months. No loans required.
KOHO Cover — zero-interest advance
Access up to $250 before payday with zero interest. Instant approval in-app. No credit check. Available from just $2/month on the Cover subscription. Funds land in your balance immediately.
Zero NSF fees — ever
KOHO will never charge you a non-sufficient funds fee. That's up to $45 per incident you keep in your pocket. Financial dignity built in as the default — not an expensive upgrade.
No foreign transaction fees
Shop online with US merchants or travel abroad without paying the 2.5% foreign transaction fee charged by traditional banks. Available on Extra and Everything plans.
Which KOHO plan is right for you?
KOHO offers three tiers and a free trial on every plan. Here is the complete breakdown — every feature, every fee, every benefit — so you can make the smartest choice.
| Plan | Monthly Fee | Cashback | Savings Interest | Cover Advance | Foreign Tx Fees | Credit Building Discount | 30-Day Free Trial |
|---|---|---|---|---|---|---|---|
| EssentialGet free with direct deposit ≥$1,000/mo | $0/mo² | 1% on essentials | 2% | From $2/mo add-on | 2.5% applies | No discount | ✓ Included |
| ExtraBest Value | $12/mo | 1.5% cashback | 2.5% | ✓ Included (Cover add-on) | No fee ✓ | 30% off ✓ | ✓ Included |
| EverythingMost Rewarding | $14.75/mo | 2% everything ✓ | 3.5% ✓ | ✓ Included (Cover add-on) | No fee ✓ | 50% off ✓ | ✓ Included |
All plans include a 30-day free trial · $20 sent via e-Transfer after funding · Exclusive to our partner link
Up to $250 before payday.
Zero interest. Open repayment. No credit check.
KOHO Cover is Canada's most accessible cash advance — and the centrepiece of why millions of Canadians finally stopped calling payday lenders. Access up to $250 the moment you need it, with absolutely no interest charged, no fixed repayment deadline, and no credit check required. Ever.
Payday lender: $28 in fees (365% APR) · Bank overdraft: $35–$45 NSF fee · KOHO Cover: ~$0 in interest + Cover subscription from $2/month. That's a saving of $26–$43 on a single advance. Over a year, that's hundreds of dollars back in your pocket.
✅ What KOHO Cover delivers
- ✅ Up to $250 advance — zero interest, every time
- ✅ No credit check — guaranteed once subscribed
- ✅ Instant funds in your KOHO balance
- ✅ Open repayment — no fixed deadline, no late fee
- ✅ Available in-app or via ATM withdrawal
- ✅ Cover subscription from just $2/month
- ✅ Zero NSF fees if balance runs low
ℹ️ Good to know before you start
- ℹ️ Cover starts at $50 and grows to $250 with usage
- ℹ️ Requires an active KOHO plan + Cover subscription
- ℹ️ Cover not available on brand-new accounts immediately
- ℹ️ Max $250 — for larger amounts up to $750, see Bree
- ℹ️ Cover is separate from your KOHO plan fee
Your savings deserve more than 0.01% — KOHO pays up to 3.5%
The big banks quietly pay you almost nothing on your savings. RBC, TD, Scotiabank — their standard savings rates are as low as 0.01%. KOHO pays up to 3.5% interest on every dollar in your account, calculated daily and paid monthly. On the same $8,000, that's the difference between earning $0.80 and earning $280 per year.
| Feature | KOHO Savings | Big Banks |
|---|---|---|
| Interest Rate | Up to 3.5% ⭐ | 0.01%–1.5% |
| Minimum Balance | None — ever | $1,000–$500,000 |
| Promotional Rates | Never — rate is always real | Limited 3-month offers |
| Transaction Fees | $0 | $5 per transaction |
| Interac e-Transfer | Free & unlimited | $1 per transfer |
| Account Inactivity Fee | $0 | $20–$40 |
| CDIC Insurance | Yes — up to $100,000 | Yes |
Build your credit score — without debt, without a credit card, without risk.
KOHO is the only financial app in Canada where you can build your credit history, check your Equifax score for free, and access a zero-interest advance — all under one roof. Over 400,000 Canadians have used KOHO's credit tools, with an average improvement of +93 points.
Two ways KOHO builds your credit — both powered by Equifax
Pay a monthly subscription fee ($5–$10/mo depending on plan). KOHO sets up structured payments and reports them to Equifax. These on-time payments build positive payment history — the most important factor in your credit score.
Deposit $30–$500 as security in your KOHO account. KOHO creates a secured line of credit from this balance and reports your monthly repayments to Equifax — turning your own savings into an active credit-building tool.
Pay rent through KOHO via e-Transfer, pre-authorised debit, or your KOHO card. KOHO reports these payments to credit bureaus. For most Canadians, rent is their largest monthly payment — finally it counts toward your score.
See your real Equifax credit score directly in the KOHO app — free, with no hard inquiry, and with no impact on your score. Get alerts when your score changes. Understand exactly what's affecting it and why.
When $250 isn't enough — borrow $1,000 to $15,000 through KOHO
For larger financial needs beyond what Cover provides, KOHO offers access to a personal Line of Credit from $1,000 to $15,000 — provided by Fora, a regulated Canadian lender. Apply entirely online, through the KOHO ecosystem you already trust.
Flexible access to meaningful amounts — for car repairs, home emergencies, consolidating high-interest debt, or any large unexpected cost.
Apply directly through KOHO — no branch visits, no fax, no waiting rooms. The application is simple, digital, and available to existing KOHO members.
A revolving line of credit means you borrow what you need, repay it, and the credit becomes available again — without reapplying. True financial flexibility.
How the KOHO Line of Credit fits into your financial toolkit
Get up to $250 before payday. Zero interest. Zero credit check.
KOHO Cover is the built-in cash advance that bridges the gap between paydays without the eye-watering cost of a payday loan. Add it to any KOHO plan from just $2/month.
✅ What KOHO Cover delivers
- ✅ Up to $250 advance — zero interest
- ✅ No credit check — guaranteed once subscribed
- ✅ Instant — funds appear in balance immediately
- ✅ Flexible repayment — no fixed deadline
- ✅ Available in-app or via ATM withdrawal
- ✅ From just $2/month subscription fee
- ✅ No NSF fees if balance runs low
ℹ️ Good to know before you start
- ℹ️ Starts at $50 — grows to $250 with use
- ℹ️ Requires an active KOHO plan + Cover subscription
- ℹ️ Subscription fee scales with advance amount
- ℹ️ Cover not available on brand-new accounts immediately
- ℹ️ Max $250 — for larger advances, see Bree ($750)
2 million Canadians who made the smart switch
KOHO pros and cons — nothing hidden
✅ What KOHO Excels At
- ✅ 4.8 stars on App Store — genuinely loved by users
- ✅ Real cashback — not points, not promises — cash
- ✅ 3.5% savings interest beats most Canadian banks
- ✅ Credit building without debt or credit cards
- ✅ KOHO Cover: 0% interest advances from $2/month
- ✅ Zero NSF fees — ever — a genuinely life-changing benefit
- ✅ No foreign transaction fees on Extra and Everything
- ✅ CDIC insured up to $100,000 via Peoples Bank
- ✅ 30-day free trial on every plan — zero risk
- ✅ Our exclusive $20 partner bonus — biggest available
ℹ️ Things to Know Going In
- ℹ️ Cover starts at $50, not $250 — grows with account history
- ℹ️ Cover subscription fee is separate from plan fee
- ℹ️ Max advance $250 — use Bree ($750) for larger needs
- ℹ️ Credit building is an add-on cost (but discounted on Extra/Everything)
- ℹ️ Some Trustpilot reviews mention customer service delays
- ℹ️ Not a full traditional bank — no paper cheques or branch access
Is KOHO worth it in 2026? Absolutely. Here's why.
Our verdict: KOHO is the single smartest financial decision most Canadians can make right now — and opening it through our partner link is even smarter.
The app genuinely works. 2 million Canadians don't stick around because of marketing — they stay because KOHO delivers: real cashback that adds up every month, savings interest that beats what the big banks quietly offer, credit building that actually moves the needle, and KOHO Cover as a quiet safety net that means you never need to panic about a tight paycheque week again.
The $20 bonus through our link changes the calculus entirely. You're not just getting a better banking experience — you're getting $20 cash deposited into your account just for making the switch. No other site in Canada is offering this. We've checked. This is the biggest KOHO bonus available anywhere, and it's only available through our official partner link on this page.
Our recommendation is unambiguous: Open KOHO today through our link. Start with the Extra plan ($12/month) for the best balance of features and value. Your $20 bonus arrives via e-Transfer within 72 hours of funding. It takes 2 minutes and there's a 30-day free trial on every plan — zero risk.
Every question answered about KOHO and your $20 bonus
Open KOHO.
Collect Your $20.
Start Living Better.
This is not a promotional rate. This is not a points system. This is $20 cash, sent via Interac e-Transfer, directly into your account — simply for opening KOHO through our exclusive partner link. No other website in Canada offers this. The only question is why you'd open KOHO any other way.
$20 Cash via e-Transfer · Biggest KOHO Bonus in Canada · Exclusive to our partner linkMust use our partner link to qualify for $20 bonus · $20 sent via e-Transfer after funding · One bonus per customer · 30-day free trial on all plans · CDIC insured · No credit check to open