Open your online account with KOHO–make your money grow

Choose a plan that helps you get ahead. Earn Cash Back, interest on your entire balance, and build your credit history for less.

Open account
Heart
Guaranteed, instant approval
Piggy bank
Earn interest for your saving goals
Dollar sign
Unlimited Cash Back on spending
Credit card
Metal cards to strengthen your wallet

The best online account for you

Get the tools to spend smarter, save faster, and feel good about managing your money.

Credit card

Your everyday prepaid Mastercard

The convenience of a credit card, with the control of a debit card. Use it anywhere Mastercard is accepted, earn Cash Back, and never worry about sneaky charges or falling into debt.

Piggy bank

Grow your money with high interest savings

Earn up to 3.5% on your entire balance with no minimum requirements. An easy way to reach your savings goals faster.

Airplane

More than a travel card

KOHO is your everyday Mastercard with all the travel perks and none of the fuss. Connect everywhere with an eSIM and up to 3GB of data, no foreign transaction fees, free international ATM withdrawals and Travel Insurance.

joint icon

Spend and save together

Share expenses and earn rewards together with a KOHO Joint account. Get up to 3.5% Interest and 2% Cash Back on shared spending.

Maple leaf

An instant account for newcomers

Just arrived in Canada? It can take time to open a bank account with the traditional banks. With KOHO, you can open one online, instantly–no credit history needed.

Globe

Send money to your people around the world

With KOHO, International Money Transfer is always fast and secure with some of the lowest exchange rates around. Send money to 190+ countries, like the Philippines, India, Pakistan and more.

An account that’s worth the price

Camping

Borrow money from us

Get a safety net when you need it, with a cash advance, Pay Later or Line of Credit.

Pregnant woman with a dog

Spend freely, breathe easy

Instant approval means you can start spending and earning up to 2% Cash Back once you sign up.

House on a lake

Go big with your savings goals

Up to 3.5% interest earned means more progress toward your goals.

KOHO user reading a book

Do the grown-up life stuff

eSIM, Travel Insurance and more. Manage your life in one place.

KOHO user on their phone

Boost your credit

Better credit history could mean more opportunities and less debt.

Pick an online account and try it for free

KOHO plans start at $0 each month and come with a free 30 day trial, so you can see if it’s the right fit.

The perfect plan for your needs
Essential

$0/mo¹

Over $100/year in value²
Get rewarded on everyday spending with Cash Back on the essentialsGet started
Extra

$12/mo

Over $200/year in value²
Get extra perks, extra cash back, and extra savingsGet started
Everything

$14.75/mo

Over $500/year in value²
Get more than your money’s worth and earn the most rewards on KOHOGet started

Everyday

Unlimited Cash Back on groceries, transportation, food & drinks1%1.5%2%
Earn interest2% 2.5% 3.5%
Unlimited Cash Back on everything else0%0.25%0.5%
Up to 6.5% extra Cash Back
Cash Back and interest rates applied to Joint account--
Metal Card--
Access to Virtual Card Library
Spending Insights
Withdraw or deposit cash at anytime
Unlimited transactions
Savings goals + Roundups
Phone Support
Crypto trading fees0.5%0.5%0.5%
Free real-time e-transfers

Credit Building

Discount on Credit Building-30%50%
Free Credit Report--
Free Credit Score

Renters

Tenant Insurance add on³

Travel

No Foreign Transaction Fees-
No International ATM fees-1st Free1st Free
Free eSIMAccess1GB free every month3GB free every month
Travel Insurance add on³

¹Get Essential for free! Learn more
²This is an estimate. Actual savings may vary depending on individual spending habits and service usage
³KOHO has partnered with Walnut Insurance as the official insurance provider. For more information visit: https://www.gowalnut.com/ca/koho

Not sure which one speaks to you? Take our quiz to find the best plan for you.

Find a plan

Signing up is simple

We’re talking five minutes, zero credit checks.

Open Account

Our members say it best

Testimonial image 1
My credit has been poor since I can remember. To my surprise my credit has improved from the 500's to the mid 600's in just 5 months! I finally feel like I'm on my way to a bright financial future. - Kristie
Testimonial image 2
After years of bad financial dealing along came KOHO…now I am finally rebuilding my credit. Thank you for doing what others can but have not. Giving individuals like myself a second chance. - Rewertou
Testimonial image 1
My credit has been poor since I can remember. To my surprise my credit has improved from the 500's to the mid 600's in just 5 months! I finally feel like I'm on my way to a bright financial future. - Kristie
Testimonial image 2
After years of bad financial dealing along came KOHO…now I am finally rebuilding my credit. Thank you for doing what others can but have not. Giving individuals like myself a second chance. - Rewertou
Testimonial image 1
My credit has been poor since I can remember. To my surprise my credit has improved from the 500's to the mid 600's in just 5 months! I finally feel like I'm on my way to a bright financial future. - Kristie
Testimonial image 2
After years of bad financial dealing along came KOHO…now I am finally rebuilding my credit. Thank you for doing what others can but have not. Giving individuals like myself a second chance. - Rewertou
Testimonial image 1
My credit has been poor since I can remember. To my surprise my credit has improved from the 500's to the mid 600's in just 5 months! I finally feel like I'm on my way to a bright financial future. - Kristie
Testimonial image 2
After years of bad financial dealing along came KOHO…now I am finally rebuilding my credit. Thank you for doing what others can but have not. Giving individuals like myself a second chance. - Rewertou

Got questions?

Absolutely. You can get the monthly Essential plan for free by depositing money into your KOHO account.
Either deposit your monthly paycheque or add at least $1,000 each month.
Here’s everything you get with an Essential plan–all for free!
  • 2% interest on your entire balance
  • 1% Cash Back on groceries, eating and drinking and transport
  • Up to 6.5% extra Cash Back at select merchants
  • Build credit history with KOHO Credit Building
  • Instant e-Transfers
  • Unlimited transactions
  • Up to $100K of your money is eligible for CDIC protection²
  • Free Credit Score
You start earning interest on your entire balance as soon as you sign up. Interest is calculated daily and paid out monthly, with no minimum balance. So your money works harder from day one.
Right now it’s only available to Canadian residents. But you can use your card worldwide, wherever Mastercard is accepted. With the Everything plan, you won’t get charged foreign transaction fees and get free ATM withdrawals. It’s a Mastercard with all the travel perks.
Of course. Your KOHO card works for all online purchases just like any Mastercard. Plus, you'll earn cash back on everything you buy.
Online security comes first. We keep your money safe from fraud and always protect your data. So you can set up payments, subscribe to services and shop online knowing your account is safe.

Still have questions?

Can't find the answer you're looking for? Please chat to our friendly team.Visit our FAQs

The latest from our blog

News, stories and thoughts on money management.

Explore our blog

5 min read

How To Open a Canadian Bank Account Online

Opening a Canadian bank account should be straightforward.

5 min read

No Monthly Fee Bank Account

A no fee monthly bank account skips the usual monthly maintenance charge.

7 min read

What do you need to open a bank account?

Opening a bank account in Canada isn’t a daunting feat or an insurmountable challenge. It is quite easy! Learn how right here.