KOHO Spending and Savings Account: Get Cash Back, Free $20 on First Purchase

Koho mastercard

Tech-savvy consumers are always on the lookout for smart ways to manage their finances. Enter KOHO, a free spending and saving account that offers numerous benefits without the hassle of fees or minimum deposits.

With the KOHO prepaid Mastercard, users can enjoy $0 credit card surcharge fees, $0 ATM fees, $0 e-transfer fees, $0 monthly fees, and no minimum deposit requirements. After signing up, users receive a virtual credit card that can be added to mobile wallets such as Apple Pay, Google Pay or Samsung Pay for immediate use.

KOHO is more than just an account; it’s an integrated app that provides real-time insights into your spending, allowing you to monitor your finances effortlessly. With the KOHO app, you can easily track your transactions and spend with confidence.

Koho app cash back

Here’s what you need to know about KOHO:

  • KOHO is free to join and easy to set up. It takes less than 5 minutes to sign up after downloading the app from the App Store or Google Play. All you need is a Canadian bank account to send your first e-Transfer.
  • The KOHO app offers real-time insights on all your transactions, allowing you to use your KOHO account for free e-Transfers, direct deposits, bill payments, and setting savings goals.
  • To get started, simply sign up within the KOHO app for iOS or Android. Your KOHO card will arrive within 10 days. But you’ll also have a digital card to use with mobile wallets right away and for shopping online.

By using the exclusive code KOHOIPHONECA when signing up for a free KOHO account, users can take advantage of a free cash bonus, on top of other included benefits.

  • Upon making their first purchase within 30 days of registration, users receive a free $20 CAD bonus. Who doesn’t love free cash?

Additionally, the account offers 1% unlimited instant cash back on groceries, phone bills, utilities, bill payments and more. When shopping with KOHO-partnered merchants, users can enjoy up to 5% extra cash back.

The convenience doesn’t stop there – KOHO also includes scheduled bill payments, ensuring users never miss a due date. The integrated high-interest savings account provides monthly interest payments, further enhancing users’ financial growth. 

KOHO even offers a referral program, allowing users to earn up to $1,000 CAD by referring friends and family.

In addition to these benefits, KOHO grants access to free e-transfers, budgeting tools, and financial planning resources. With no monthly fees, no minimum deposits, and no credit checks, KOHO offers a hassle-free way to manage finances while reaping the rewards of cash back on billing, services, and groceries.

Ready to get started? Click here to sign up for KOHO and use code KOHOIPHONECA to get your free $20 after your first purchase.

Thanks to KOHO for supporting iPhone in Canada this week, allowing readers to help keep us independent.