KOHO Review 2026
Canadian money app with a prepaid Mastercard, cashback, interest on balances and credit-building tools.
*Affiliate disclosure: We may earn a commission if you open an account via our link, at no extra cost to you.
Quick Facts
What is KOHO?
KOHO is a Toronto-based fintech founded in 2014 that offers Canadians an alternative to traditional bank accounts. Its app comes with a reloadable prepaid Mastercard, cashback on purchases, interest on balances, budgeting tools and optional credit-building and short-term cash-advance features. Funds are held with partner Canadian financial institutions. Plans range from a basic option to paid tiers with higher cashback and interest.
Key Features of KOHO
Prepaid Mastercard
Spend anywhere Mastercard is accepted.
Cashback
Earn cashback on everyday categories.
Interest on balance
Earn interest on money held in the app.
Credit building
Optional tool that reports to credit bureaus.
Cash advance
Short-term cover for eligible members.
Budgeting
Spending insights and savings goals.
KOHO Pros & Cons
Advantages
- Low-cost alternative to big-bank fees
- Cashback and interest
- Credit-building option
- Easy app sign-up
Disadvantages
- Canada only
- Prepaid card rather than a traditional chequing account
- Best features on paid plans
Who is KOHO Best For?
Ready to get started with KOHO?
Open your account today and take advantage of everything KOHO has to offer.
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Frequently Asked Questions About KOHO
Is KOHO safe?
KOHO is a regulated financial services provider. Digital Bank Networks only features regulated, vetted affiliates. Always review the provider's terms, fees, and regulatory status before transferring funds. CFD and forex trading carries risk — please read all risk disclosures before trading.
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Read reviewAffiliate Disclosure: Digital Bank Networks is a comparison and review platform. Some links on this page are affiliate links — if you open an account through them, we may earn a commission at no additional cost to you. Our editorial opinions are independent and not influenced by affiliate relationships. Reviews are based on publicly available information and user feedback.
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