Sign up for KOHO using our referral code and earn a $40 bonus when you make your first $20 purchase. Use the code below or click the button to sign up with the referral applied automatically.
Earn a $40 cash bonus when you sign up and make your first purchase over $20.
KOHOBONUS40Bonus subject to KOHO Financial's eligibility terms.
Getting your KOHO Financial bonus takes less than 10 minutes.
Sign up using our referral link
click our link and enter code KOHOBONUS40 when prompted during registration.
Open and fund your KOHO account
add money to your prepaid card by transferring from your bank via e-Transfer.
Make your first purchase over $20
use your KOHO card at any Mastercard-accepted merchant for an eligible transaction.
Receive your $40 bonus
the cash is credited directly to your KOHO balance after the qualifying purchase is confirmed.
KOHO is a Canadian fintech company offering a prepaid Mastercard with real cashback rewards, a free chequing account, and tools to help you save automatically. Whether you want credit score building, early payroll, or high-interest savings — KOHO has a plan for you.
KOHO Prepaid Mastercard
Spend and earn cashback with a Mastercard you load like a prepaid card. There are no credit checks and you spend only what you have — making it ideal for budgeting. Earn 1% base cashback, with higher rates on subscriptions and groceries depending on your plan.
KOHO Save — High-Interest Savings
KOHO Save pays a competitive daily interest rate on your balance with no minimum and no lock-in period. Interest is calculated daily and paid monthly, unlike most big banks that calculate it monthly.
Automated Round-Up Savings
Every time you make a purchase, KOHO can automatically round up to the nearest dollar and move the difference into your savings. Small amounts compound over time into a meaningful savings habit without any effort.
Credit Building
KOHO's optional credit building feature reports your on-time payments to Equifax, helping you build or improve your credit score over time. No hard inquiry is required to enrol, making it accessible regardless of your current credit history.
Early Payroll
Get your paycheque up to 3 days early when your employer uses direct deposit. KOHO spots you the money as soon as it detects your payroll deposit is incoming — at no extra cost.
KOHO Plans (Essential, Extra, Everything)
Choose a free plan or upgrade to Extra ($9/month) or Everything ($19/month) for higher cashback rates, free international ATM withdrawals, and a dedicated savings booster rate. Each plan can be cancelled anytime.
Here is what sets KOHO Financial apart from the competition for Canadians.
An independent editorial assessment based on our hands-on experience with the platform.
The smartest no-fee everyday account for budget-focused Canadians.
KOHO fills a real gap in the Canadian market: a prepaid Mastercard that earns cashback, pays savings interest, builds your credit score, and provides early payroll — all with no credit check and no monthly fee on the base plan. It's an especially strong choice for newcomers to Canada and anyone who wants to avoid NSF fees or overdraft charges entirely.
The Verdict
KOHO is the best starting point for Canadians who want to earn on their spending, build savings habits, and improve their credit — all without paying a cent in monthly fees.
Everything you need to know about the KOHO Financial referral code.
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Earn a $40 cash bonus when you sign up and make your first purchase over $20.
Sign Up to KOHO Financial