No fees. No minimum balance. 3.0% interest on every dollar. Canada's fastest-growing bank account — and right now they're paying you $100 to try it.
Use code 45ET55JSYA at signup · Takes 3 minutes · No credit check
It really is this easy. No catches, no hoops. KOHO pays the bonus directly into your account.
Use our exclusive referral link below. It pre-fills the bonus offer — don't sign up directly or you'll miss the $100.
Sign up for KOHO — takes 3 minutes. When prompted for a referral code, enter:
Meet the qualifying criteria (see FAQ), and KOHO deposits $100 directly into your account. Withdraw or spend anytime.
Beyond the $100 bonus, KOHO is genuinely one of the best accounts in Canada right now. Here's what you get for free.
Earn 3.0% per year on your everyday balance. Most big banks pay 0.01%. That's 300x more.
Zero account fees, forever. The average Canadian pays $180/year in bank fees. KOHO: $0.
No minimum deposit required to open or maintain your account. Bank like a human being.
Use your KOHO card anywhere Mastercard is accepted — in-store, online, internationally.
Send and receive Interac e-Transfers at no cost. TD charges up to $1.50 per transfer.
Instant spending notifications, savings goals, and credit building — all in one clean app.
KOHO is free, pays 3.0% interest, and gives you $100 just to sign up. That's a no-brainer.
Claim My $100 Bonus →Enter your current banking details to see exactly how much you're leaving on the table every year.
The numbers speak for themselves. We compared the most popular accounts at each major Canadian bank.
| Account | Monthly Fee | Savings Interest | Signup Bonus | Free e-Transfers | Our Verdict |
|---|---|---|---|---|---|
| ⭐ KOHO (Free) | $0 | 3.0% | $100 | Yes | Best Pick |
| RBC Advantage Banking | $11.95/mo | 0.01% | None | No ($1.00 each) | Expensive |
| TD Every Day Chequing | $10.95/mo | 0.01% | None | No ($1.50 each) | High Fees |
| Scotiabank Basic Banking | $3.95/mo | 0.01% | None | Limited | Limited |
| BMO Performance Chequing | $16.95/mo | 0.01% | None | Unlimited | Too Costly |
| CIBC Smart Account | $4.95–$16.95 | 0.01% | None | No | Overpriced |
Fees accurate as of March 2026. Big 5 savings rates shown for standard deposit accounts.
Everything you need to know before signing up.
Yes, KOHO Financial is a legitimate Canadian fintech company founded in 2014, headquartered in Toronto. It is regulated by FINTRAC and its partner institution, Peoples Trust Company, is a federally-regulated bank. Your deposits are held at Peoples Trust, which is CDIC-insured. KOHO has over 1 million Canadian customers.
Yes. Funds held in your KOHO account are deposited with Peoples Trust Company, a member of the Canada Deposit Insurance Corporation (CDIC). This means your deposits are insured up to $100,000 per depositor category — the same protection as a major bank.
The $100 bonus typically arrives within 30 days of meeting the qualifying criteria. KOHO's current offer requires you to sign up using referral code 45ET55JSYA and meet a minimum spending or deposit threshold (check the current offer terms at signup for the exact requirement). The bonus is deposited directly into your KOHO account and is yours to spend or withdraw.
Absolutely. Hundreds of thousands of Canadians use KOHO as their primary account. It supports direct deposit, Interac e-Transfers, bill payments, and Mastercard purchases anywhere in the world. You can also get a physical and virtual card. The one limitation: KOHO doesn't have physical branches or ATMs of its own, though you can use any ATM that accepts Mastercard.
Yes. KOHO provides a transit number and account number for direct deposit, just like any Canadian bank. You can give these to your employer to have your paycheque deposited directly into KOHO. Many employers already support KOHO, and it's a common reason people switch.
There's no hidden catch. KOHO earns revenue from interchange fees (a small percentage of every card purchase, paid by merchants — not you). They're investing part of that revenue into customer acquisition. The $100 bonus is KOHO's way of saying "try us, we're confident you'll stay." There's no lock-in period and you can close the account anytime.
Yes. KOHO is available across all of Canada, including Quebec. The KOHO app is fully available in both English and French. Customer support is available in French. All account terms and documents are provided in French for Quebec residents as required by law.
45ET55JSYA is bremo.io's exclusive KOHO referral code. When you sign up using this code (either through our link or by entering it manually at signup), you unlock the $100 bonus offer. This code is verified and active as of March 2026. We update this page whenever the offer changes, so you can trust that what you see here is current.
Takes 3 minutes. No credit check. No monthly fees. No minimum balance. Just $100 free.
GET $100 FREE NOW →Use code 45ET55JSYA at signup · Offer available while KOHO runs this promotion · Canadian residents only