Grow your savings with one of the highest interest rates in Canada.
Earn a premium cash back rate on groceries, eating, drinking, and transportation.
Every purchase you make with your KOHO account earns you money back—no credit card needed.
Stack up savings by earning up to 6.5% cash back on top of our existing rates at selected merchant partners.
There are no FX fees with the Everything plan, so you save on international purchases and travel.
4% interest on every dollar
Grow your savings with one of the highest interest rates in Canada.
2% cash back on everyday essentials
Earn a premium cash back rate on groceries, eating, drinking, and transportation.
0.5% cash back on everything else
Every purchase you make with your KOHO account earns you money back—no credit card needed.
Up to 6.5% extra cash back
Stack up savings by earning up to 6.5% cash back on top of our existing rates at selected merchant partners.
No foreign transaction fees
There are no FX fees with the Everything plan, so you save on international purchases and travel.
4% interest on every dollar
Grow your savings with one of the highest interest rates in Canada.
2% cash back on everyday essentials
Earn a premium cash back rate on groceries, eating, drinking, and transportation.
0.5% cash back on everything else
Every purchase you make with your KOHO account earns you money back—no credit card needed.
Up to 6.5% extra cash back
Stack up savings by earning up to 6.5% cash back on top of our existing rates at selected merchant partners.
No foreign transaction fees
There are no FX fees with the Everything plan, so you save on international purchases and travel.
More features for more savings
Credit Building
Get 50% Off Credit Building to get back on track
Unlimited transactions
Make as many transactions as you need with no limits
Free e-Transfers
Send money with zero fees
eSim
Free 3GB of eSim for staying connected abroad
Send money
Send cash to 190+ countries with International Money Transfer
Free Credit Score
Get Free Credit Score and Credit Report
Our all-inclusive account doesn't include a catch
Sometimes the best accounts come with balance minimums, hidden fees, and other requirements—not with the Everything plan. You get premium features and no surprises.
No minimum balance requirements
Fast lane customer support
Apply for Pay Later
Mobile-first banking experience
Get our exclusive metal card on the Everything annual plan
Access to Cover bundle with cash advance
Instant virtual card access
Earn cash back on rent payments
Access to KOHO Line of Credit provided by Fora
Don’t just take our word for it
Pick a plan and try it with no cost
All KOHO plans come with a free 30 day trial so you can see if it suits you.
The perfect plan for your needs | |||
|---|---|---|---|
Benefits | |||
| Unlimited cash back on groceries, transportation, food & drinks | 1% | 1.5% | 2% |
| Earn interest | 2.5% | 3% | 4% |
| Free Credit Score | |||
| Instant e-Transfers | |||
| No Foreign Transaction Fees | - | ||
| Discount on Credit Building | - | 30% | 50% |
| Advanced phone support | - | - |
¹ Get Essential for free! Learn more
² This is an estimate. Actual savings may vary depending on individual spending habits and service usage
How KOHO compares
See how much more you get from the Everything plan compared to spending accounts at traditional banks.
| KOHO Everything Plan | Traditional Banks | |
|---|---|---|
| Monthly Fee | $22 | Up to $30+ |
| Minimum Balance | $0 | Varies |
| Interest Rate | 4% | Varies |
| Cash Back | Up to 2% | None |
| FX Fees | $0 | Up to 2.5% |
| KOHO Everything Plan | Traditional Banks |
|---|---|
| Monthly Fee | $22 |
| Minimum Balance | $0 |
| Interest Rate | 4% |
| Cash Back | Up to 2% |
| FX Fees | $0 |
FAQS
The Everything plan gives you the best of, well, everything in the KOHO app. You get our highest interest and cash back rates, no foreign transaction fees, 50% off Credit Building, and access to unique features. If you want to grow your savings and earn more with every purchase, the Everything plan is right for you.
The main difference is that with the Essential plan, the interest and cash back rates are lower. Plus, you will get foreign transaction fees and you won’t get a discount on Credit Building. The Essential plan is still a great everyday spending account, and the perfect way to give KOHO a try. You can even get the Essential plan for $0/month by setting up direct deposit or adding $1,000 each month.
You can easily add money to your KOHO account through eTransfer, direct deposit, debit card load, or cash deposit. Get the details on each method here.
Unlimited! Spend, send, and save as much as you want.
Nope! You can keep as much or as little money as you like in your account. With the Everything plan, there is no minimum balance.
Scroll back up the page to see how each plan compares, or take a look at this detailed chart.
KOHO Credit Building is a feature that helps you build or rebuild your credit history through a secure line of credit that reports your payment activity to Equifax. A line of credit is a set amount of money you can borrow from and repay over time. In this case, it's a $225 credit that helps build your credit history. Learn more about Credit Building.
As quickly as you can open an account, opt in to Earn Interest, and deposit money. We hope you have fast tappin’ fingers. Interest is calculated daily and paid monthly, deposited directly into your KOHO account on the 1st of each month. Depending on your time zone, the interest may appear in your account either on the last day of the month or the first day of the following month. For example, your October interest might be deposited on either October 31st or November 1st.
Of course! KOHO is all about giving you options to find the plan that’s right for you. Here’s how you can switch:
From the KOHO app:
- In-app > click on My Plan > scroll down and select Change my plan.
- On the Manage Plan page, select Change and choose your preferred KOHO plan.
From the web portal:
- Login via web.koho.ca/login and select My Plan > Manage my plan.
- On the Manage my plan page, choose your preferred KOHO plan and select Change my plan.
You can get a Metal Card by signing up for the yearly Everything plan, or with a one-time purchase of $150. Once ordered, your card will be shipped via express delivery and should arrive within 3-5 business days.
*This is an estimate. Actual savings may vary depending on individual spending habits and service usage.