Say hello to balance that is financial goodbye to bank card interest and astonishing bank charges.
Funds furpocalypse held firmly
A new period of banking
Funds held firmly
Your hard earned money, quicker and free. No credit checks, no interest, no fees.
Make whenever you invest and save, all within one destination. Earn money right back on every purchase and a competitive interest regarding the entire balance that is damn.
Save. Invest. Budget.
KOHO is really a free chequing account that makes it simple to feel good about saving and spending.
Your application and prepaid Visa card come together to create day-to-day banking smart and stress-free.
KOHO is a free account that is chequing makes it simple to feel good about saving and investing.
Your software and prepaid Visa card come together to help make day-to-day banking smart and stress-free.
Slice the bank charges.
Boost your cost cost savings.
Automate your cost savings with objectives and RoundUps. Rounding up every purchase enables you to stash some savings away, while objectives help you save yourself for whatever it really is which makes you delighted.
Get immediate 0.5% cash return on every purchase, or 2% on 3 categories that are major KOHO Premium. Plus, have more cash return with your Partner Partner Powerups.
Track your investing habits and policy for everything life tosses at you. Understand in which you’re at in realtime with instant notifications every right time you may spend.
Personalize your KOHO account
A merchant account simply for you.
Combined funds for just two.
A 16g card for any account.
The ultimate money back card
4.8 celebrity score
Pretty good for a economic item. Join over 175,000 Canadians making use of KOHO.
What is KOHO?
KOHO is a little such as a chequing account, utilizing the perks of a charge card.
The same as an account that is chequing you are able to place money in to your KOHO account after which invest that money however you notice fit. And like a charge card, you’ll get cashback along with other perks, plus you can use your card anywhere Visa is accepted.
The key huge difference is that unlike a charge card, it is currently your hard earned money, which can make you may spend more mindfully and conserve more. In reality, the KOHO that is average user 7% of whatever cash they load within their account.
So how exactly does KOHO work?
It is pretty easy: you add funds to your KOHO account either through e- moving from your own regular bank-account or by getting your work’s payroll deposit your paycheque straight (Direct Deposit).
Then, you utilize your KOHO card, either in person or online, to produce acquisitions, exactly like you would with debit or credit.
The card is really a prepaid Visa, and we also operate on the Visa community, therefore for merchants your card functions similar to a credit card transaction that is normal.
Okay, so how does KOHO put my cash?
We’ve partnered with Peoples Trust, a federally regulated and bank that is CDIC-insured hold hardly any money you load on your KOHO card. Which means that if such a thing had been to take place to us, your cash will be safe and you’d be able to get access to it through Peoples Trust.
Why is KOHO unique of a debit account that is regular?
The huge difference is that we’re digital first.
Our costs are low and then we prioritize making our users feel empowered about their monetary choices over such things as offline bank branches and street corner ATMs (though KOHO works at any ol’ ATM, and then we won’t ask you for for making use of one).
And, you receive cashback (PowerUps) on all of your acquisitions. With a regular koho account, you make 0.5% cashback on every purchase. With KOHO Premium, you get an additional 1.5per cent on 3 categories that are major.
Additionally, our application is pretty awesome.
Therefore, why is the software awesome?
We’ve put when you look at the research time for you to allow it to be dead easy to utilize, and there are several integrated approaches to take full advantage of your cash.
We tweak and enhance our application to be able to launch updates every three days. Which, become frank, is certainly not a plain thing many banking institutions can state. Many banking institutions often to produce version that is new of apps annually.
Do I nevertheless require a typical banking account if i’ve KOHO?
Seriously? Probably, yes – you could utilize KOHO for some of one’s day-to-day requirements and get other bank as straight straight back up.
You never need to write paper cheques, you can use KOHO for all your chequing account needs if you’re down to have your paycheque deposited directly and.
It’s super simple to cover your bills from your own KOHO account. You’ll be able to send limitless free e-Transfers, and, needless to say, utilize the card anywhere Visa is accepted. And you may deposit e-Transfers off their KOHO users immediately.
If you wish to write cheques, or accept e-Transfers from non-KOHO records, you’ll still desire a bank that is regular for everyone functions.
Just how do many people use KOHO?
A lot of people start off through the use of KOHO for the enjoyable variety of spending – loading their account with what’s left over after accounting for standard costs and cost savings. The guilt-free spendable, in the event that you will.
Some financial specialists suggest around 30percent of each and every paycheque is going toward guilt-free investing, however your budget that is specific might.
It is just like effortless as reaching for credit cards, however it won’t run you 20% to invest in your daily life and you know you’re staying within your means since it’s already your money.