Joint account. Make money progress, together.
KOHO Joint accounts makes sharing money and earning rewards together effortless. No friction. Just growth.
What is a Joint account?
A Joint account is a shared money hub that puts both account holders on the same financial page. Split bills, save for that new oven, build your future together. With a KOHO Joint account, each of you gets your own card connected to the same balance. Say goodbye to "Can you send me money for groceries?" and hello to seamless spending that earns you both rewards.
Why open a Joint account with KOHO?
Splitting bills with someone shouldn't feel like a part-time job. KOHO Joint accounts make it easy to share expenses and stay informed about spending.
| KOHO Joint account | Big Banks Joint account | |
|---|---|---|
| Monthly fees | $0 | $4-31/month |
| Interest rate | Up to 3.5% | Up to 0.75% |
| Cash back | Up to 2% | None |
| Setup process | In-app, under 5 minutes | Branch visit required |
| e-Transfer limits | Unlimited | Limited based on package |
| Minimum balance to avoid fees | None | $3000-$6000 |
| KOHO Joint account | Big Banks Joint account |
|---|---|
| Monthly fees | $0 |
| Interest rate | Up to 3.5% |
| Cash back | Up to 2% |
| Setup process | In-app, under 5 minutes |
| e-Transfer limits | Unlimited |
| Minimum balance to avoid fees | None |
How KOHO Joint account works
Think of it like a shared wallet. You both have complete access to put money in or take it out, plus you each get your own card. The app shows everything in real-time so there are no surprises.
Goals for shared savings.
RoundUps on every purchase
Easy ways to add money
Real-time insights for everyone
Get even more rewards
When either account holder has the Everything plan, your Joint account automatically gets 3.5% Interest and 2% Cash Back on the essentials at no extra cost. New to KOHO? If one of you is already a KOHO member, use their referral code when signing up to get 3 months of the Everything plan for free, which upgrades your Joint account instantly.
How to open a KOHO Joint account
Built for two. Ready in minutes. What you need: Be 18+ and live in Canada, government photo ID, and SIN (for high-interest features)
- Download the KOHO app and create your account
- Go to your profile page and tap "Open a Joint account"
- Verify your identity with photo ID
- Invite your partner by email or SMS
- Once they verify too, you're both ready to go
- Go to your profile page and tap "Open a Joint account"
- Invite your partner by email or SMS
- They verify their identity, and you're done
How to open a KOHO Joint account
Built for two. Ready in minutes. What you need: Be 18+ and live in Canada, government photo ID, and SIN (for high-interest features)
Step 1
Go to your profile page and tap "Open a Joint account"
Step 2
Invite your partner by email or SMS
Step 3
They verify their identity, and you're done
Want to earn 3.5% Interest and 2% Cash Back?
Only one account holder needs to upgrade to Everything plan for the best Joint account benefits.
Get one of Canada's top Joint accounts
See which one suits your team best.
*This is an estimate. Actual savings may vary depending on spending habits and service usage
Who should open a KOHO Joint account?
Easily split rent, utilities, and groceries while earning rewards on shared expenses. No more awkward money conversations.
Whether you're married or not, Joint ccounts help you save for shared goals while keeping some financial independence.
New couch? Kitchen appliances? Car repairs? Reach your goals faster with interest on joint savings and no hidden fees. Upgrade to Joint+ for the best benefits.
No credit history required. Open your account in minutes without branch visits or complex paperwork. Start building your financial future together from day one.
Anyone living together
Easily split rent, utilities, and groceries while earning rewards on shared expenses. No more awkward money conversations.
Partners combining finances
Whether you're married or not, Joint ccounts help you save for shared goals while keeping some financial independence.
People saving for something big
New couch? Kitchen appliances? Car repairs? Reach your goals faster with interest on joint savings and no hidden fees. Upgrade to Joint+ for the best benefits.
Newcomer families to Canada
No credit history required. Open your account in minutes without branch visits or complex paperwork. Start building your financial future together from day one.
Make it work: Tips for Joint account success
You're both responsible.
Both people can spend the money and are responsible for what happens. Talk about money habits first and keep some personal funds separate.
It affects your financial future
How you manage a Joint account can affect your chances of getting approved for mortgages and loans together down the road.
Set spending rules
Agree on what requires discussion before buying. Large purchases, subscriptions, or changes to savings goals should be joint decisions.
Set clear expectations
Either person can close the account anytime. Discuss what happens if circumstances change.
FAQs about Joint Accounts in Canada
Simply download the KOHO app, select "Joint account," complete the verification process, and invite your partner. The entire process can be completed in-app in just a few minutes.
KOHO offers one of the most competitive Joint accounts in Canada with up to 3.5% Interest, up to 2% unlimited Cash Back on essentials, no monthly fees, and no minimum balance requirements.
Yes! KOHO's Joint account functions as both a spending and savings account, earning up to 3.5% Interest on your entire balance, plus features like Goals and RoundUps to help you save automatically.
The KOHO Joint+ account offers the best value for couples with 3.5% Interest, 2% unlimited Cash Back on essentials, no foreign exchange fees, and comprehensive budgeting tools, all for the price of a single Everything plan subscription.
Both partners have equal access to deposit, withdraw, and spend funds. Each person gets their own cards, and all transactions are visible to both account holders in real-time through the KOHO app.
KOHO's Joint account with Everything plan offers 3.5% Interest (more than traditional banks) while also providing spending capabilities and 2% unlimited Cash Back.
If you separate, try to work together to close the account and split the money fairly. Either person can close the account on their own. In case of death, the other person usually keeps full control of the account, but talk to a lawyer about your specific situation.
Still have questions?
Can't find the answer you're looking for? Please chat to our friendly team.Visit our FAQs1Subject to one of the account holders having signed up for Earn Interest. Actual Interest may vary depending on your KOHO Account plan. Interest Rate is subject to change without prior notice. Interest is per annum calculated daily but paid monthly. Terms and conditions apply.
2Actual cash back may vary depending on your KOHO Account plan or merchant. Cash back rate and merchants subject to change. Terms and conditions apply. Kevin