The Advantages of Online Banking

Online banking has turned “going to the bank” into “tapping your phone.”

You can send money, pay bills, and track your spending anytime, anywhere, without standing in line or watching branch hours.

KOHO

KOHO is a mobile first alternative to traditional banking accounts:

• A free account that earns high interest and gets 1% Cash Back. No monthly fees. No trial. No commitment.
• Use a prepaid Mastercard® for groceries, bills, subscriptions, and travel.
• Grow your savings with a 2% interest savings rate on your entire balance.
• Earn 1% cash back on groceries, eating & drinking, and transportation.
• You can add Credit Building for $10/month, it's an affordable way to build your credit history
• Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again).

Key Advantages of Online Banking

1. 24/7 Access

You can:

• Check your balance
• Pay bills
• Send and receive e-transfers

…whenever you need, not just during branch hours.

2. Better Visibility Into Your Money

Online and app-based banking lets you:

• See transactions instantly
• Track spending by category
• Spot unusual activity quickly

3. Faster, Simpler Payments

You can:

• Pay bills with a few taps
• Send money to friends and family
• Set up recurring payments so you don’t miss due dates

Less paperwork, fewer trips, and fewer “I forgot to pay that” moments.

4. Lower Fees and More Perks

Many online accounts:

• Cut down on monthly fees
• Offer interest on everyday balances
• Add features like cash back or built in budgeting

Is Online Banking Right for You?

If you:

• Prefer using your phone over going to a branch
• Want real-time control over spending and saving
• Like clear insights instead of guessing where your money went

…online banking will almost always feel easier, faster, and more transparent than old school branch only banking.