Say hello to financial stability and goodbye to bank card interest and astonishing bank charges.
Funds held securely
A brand new age of banking
Funds held firmly
Early Payroll
Your hard earned money, quicker and free. No credit checks, no interest, no costs.
KOHO Save
Make whenever you invest and conserve, all in one single place. Make money right straight back on every purchase and a competitive interest regarding the entire damn stability.
Save. Invest. Budget.
KOHO is just a free chequing account that makes it simple to feel good about saving and investing.
Your software and prepaid Visa card come together to help make banking that is day-to-day and stress-free.
KOHO is just a free chequing account that makes it simple to feel good about saving and investing.
Your software and prepaid Visa card come together to help make banking that is day-to-day and stress-free. swinger couple
Slice the bank costs.
Boost your cost savings.
Invest
Spending Plan
Automate goals and RoundUps to your savings. Rounding up every purchase enables you to stash away some savings, while objectives help you conserve for whatever it really is that produces you pleased.
Get immediate 0.5% money back on every purchase, or 2% on 3 major categories with KOHO Premium. Plus, have more cash return with your Partner Partner Powerups.
Track your investing practices and policy for every thing life tosses at you. Know in which you’re at in realtime with instant notifications every time spent.
Personalize your KOHO account
Private
A merchant account only for you.
Joint
Combined finances for just two.
Steel
A card that is 16g any account.
Premium
The cash that is ultimate card
4.8 celebrity score
So good for a product that is financial. Join over 175,000 Canadians making use of KOHO.
Concerns?
What is KOHO?
KOHO is just a bit such as an account that is chequing because of the perks of a charge card.
Exactly like a chequing account, you are able to place cash in your KOHO account after which invest that money however the thing is that fit. And like a charge card, you’ll get cashback as well as other perks, plus you need to use your card anywhere Visa is accepted.
The important thing huge difference is that unlike credit cards, it is currently your hard earned money, which helps make you may spend more mindfully and conserve more. In reality, the KOHO that is average user 7% of whatever cash they load in their account.
How exactly does KOHO work?
It is pretty easy: you add funds to your KOHO account either through e- moving from your own regular banking account or by getting your work’s payroll deposit your paycheque straight (Direct Deposit).
Then, you utilize your KOHO card, in a choice of person or online, to create purchases, exactly like you would with debit or credit.
The card is really a prepaid Visa, therefore we operate on the Visa community, therefore for merchants your card functions the same as a normal bank card deal.
Okay, so how does KOHO put my cash?
We’ve partnered with Peoples Trust, a federally regulated and CDIC-insured bank to hold hardly any money you load on your KOHO card. Which means that if any such thing had been to happen to us, your cash could be safe and you’d manage to access it through Peoples Trust.
Why is KOHO diverse from a typical debit account?
The huge difference is that we’re digital first.
Our expenses are low so we prioritize making our users feel empowered about their economic decisions over such things as brick and mortar bank branches and street corner ATMs (though KOHO works at any ol’ ATM, so we won’t charge a fee for utilizing one).
And, you receive cashback (PowerUps) on all your valuable acquisitions. By having a regular koho account, you get 0.5% cashback on every purchase. With KOHO Premium, you get a supplementary 1.5per cent on 3 categories that are major.
Additionally, our application is pretty awesome.
Therefore, what makes the software awesome?
We’ve put into the research time and energy to ensure it is simple that is dead utilize, and there are numerous integrated methods to take full advantage of your hard earned money.
We tweak and improve our software so that you can launch updates every three months. Which, become frank, just isn’t thing many banking institutions can state. Many banks often to push out a version that is new of apps one per year.
Do we nevertheless desire an everyday banking account if We have KOHO?
Truthfully? Probably, yes – you could utilize KOHO for many of one’s needs that are day-to-day get other bank as straight back up.
If you’re right down to have your paycheque deposited straight and also you will never need to create paper cheques, you need to use KOHO for all you chequing account requirements.
It’s super simple to cover your bills from your own KOHO account. You may also deliver limitless free e-Transfers, and, needless to say, make use of the card anywhere Visa is accepted. And you may deposit e-Transfers off their KOHO users immediately.
If you wish to compose cheques, or enjoy e-Transfers from non-KOHO records, you’ll still require a bank that is regular for the people functions.
Just how do a lot of people use KOHO?
Many people begin making use of KOHO for the enjoyment form of spending – loading their account with what’s left over after accounting for standard costs and savings. The spendable that is guilt-free in the event that you will.
Some financial specialists suggest around 30percent of every paycheque is going toward guilt-free spending, however your budget that is specific might.
It is just like effortless as reaching for a charge card, nonetheless it won’t cost 20% to invest in your lifetime and you know you’re staying within your means since it’s already your money.
