KOHO Financial Referral Code
Get $40 cash bonus when you sign up with KOHO and make your first purchase
Canada's smarter alternative to a bank account.
New KOHO customers only. Bonus credited after first qualifying purchase. Terms and conditions apply.
Why Choose KOHO Financial?
KOHO is a Canadian fintech company offering a prepaid Visa card and high-interest savings account with no traditional banking fees.
With over 1 million users, KOHO combines everyday spending, saving, and credit-building into one powerful app.
Plans range from free to premium tiers, with the free plan offering 1% cashback on groceries and transportation.
Premium plans unlock up to 2% cashback on all purchases, 5% interest on savings, and free credit building.
KOHO also offers earned wage access, no-fee bill payments, joint accounts, and real-time spending notifications to keep you in control of your money.
Up to 2% Cashback
Earn 1% on groceries and transit on the free plan, or up to 2% on everything with KOHO Extra or Premium
5% Interest on Savings
KOHO Premium members earn 5% annual interest on their savings balance — among the highest rates in Canada
Free Credit Building
Build or repair your credit score with KOHO's optional Credit Building feature, included at no extra charge on eligible plans
Real-Time Insights
Instant spending notifications, budget tracking, and smart categorization help you stay on top of your finances every day
How to Get Your $40 Bonus
Follow these simple steps to claim your referral bonus
Sign Up Online
Click the referral link or enter code KOHOBONUS40 at signup to register for your free KOHO account in minutes
Get Your Visa Card
Your KOHO Visa card is mailed to you or you can use a virtual card immediately for online purchases
Make a Purchase
Use your KOHO card to make your first purchase and receive your $40 welcome bonus automatically
1M+
Active Users
2%
Max Cashback
5%
Savings Interest
2017
Founded
Our Verdict
KOHO is one of the best alternatives to a traditional bank account in Canada. It is ideal for people who want cashback rewards, high savings interest, and credit building without the red tape of big banks. The free tier is genuinely useful for everyday spending, and Premium members get exceptional value with 5% savings interest and 2% cashback on all purchases. The $40 welcome bonus makes it easy to try with no risk.
Pros & Cons
What we like
No monthly fees on the free plan
Up to 5% interest on savings (Premium)
Built-in credit building feature
Instant virtual card for online use
Joint accounts available
No-fee international transfers via Wise partnership
Things to consider
Premium features require a paid plan ($9–$19/month)
Prepaid Visa — not a traditional credit card
No physical branches or in-person support
Limited to Canada residents only
Frequently Asked Questions
Everything you need to know about the KOHO Financial referral program
Start Spending Smarter with KOHO
Join over 1 million Canadians who have ditched the big banks
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