Tax Deadline: April 30, 2026
Get your CRA refund 2-3 days faster — set up direct deposit to KOHO (free account, code BREMO2026 for $100 bonus).
Use promo code BREMO2026 when you open KOHO and receive $100 cash. Plus 3% interest on your full balance, unlimited free e-Transfers, and zero monthly fees — forever.
Click any orange button on this page — our referral link automatically applies the best current offer. Or manually enter promo code BREMO2026 during signup.
Enter your name, email, address, and SIN (for identity verification only — KOHO does not do a credit check). You'll need to upload a government-issued photo ID. Most Canadians are approved instantly.
During signup, look for the "Referral Code" or "Promo Code" field. Enter BREMO2026 exactly as shown. This code unlocks the $40 sign-up bonus — it cannot be added after you've already signed up.
KOHO typically requires you to make a qualifying direct deposit or spend a minimum amount within the first 30–60 days. Check the exact bonus terms shown during your signup — the requirement is usually a $200+ direct deposit or $50+ in purchases.
Once you meet the qualifying condition, the $100 is credited directly to your KOHO account — usually within a few business days. The money is yours to spend or save (where it starts earning 3% interest immediately).
All plans receive the $100 signup bonus with code BREMO2026. The free plan is the best starting point — you can upgrade anytime.
| Bank | Monthly Fee | Chequing Interest | Signup Bonus | Annual Cost |
|---|---|---|---|---|
| KOHO (free plan) | $0 | 3.0% on balance | $100 (code BREMO2026) | $0 + earn $300+ |
| TD Unlimited Chequing | $16.95 | 0% | Varies | $203.40 |
| RBC Signature No Limit | $16.95 | 0% | Varies | $203.40 |
| Scotiabank Ultimate | $30.95 | 0.01% | Varies | $371.40 |
| BMO Performance Chequing | $17.95 | 0.01% | Varies | $215.40 |
| CIBC Smart Account | $16.95 | 0% | Varies | $203.40 |
KOHO free plan saves $200–$370/year vs. standard big bank chequing — before counting the 3% interest advantage and $100 signup bonus.
Enter this code during KOHO signup to receive your $100 cash bonus. Cannot be applied after account creation.
Get KOHO + $100 Free →KOHO is ideal if you:
KOHO may not replace your main bank if you need in-person banking, mortgage services, or RRSP/TFSA investment accounts — but it's an excellent free addition that earns you more on your everyday balance.
The current KOHO promo code for a $100 signup bonus is BREMO2026. Enter this code in the "Referral Code" or "Promo Code" field during KOHO account registration. The code must be entered at sign-up — it cannot be applied after your account is already created. Use the link on this page to have the code applied automatically.
Yes — the $100 is real cash deposited to your KOHO account. It's not points, gift cards, or credits — it's $100 you can spend with your KOHO Visa card, send via e-Transfer, or leave to earn 3% annual interest. You receive it after meeting the qualifying activity (typically a direct deposit or minimum purchase amount within the first 30–60 days).
Bonus requirements vary by promotion period. When you sign up with code BREMO2026, KOHO will show you the current qualifying conditions. Common requirements include: a qualifying direct deposit of $200 or more, or $50+ in purchases within 30–60 days of account opening. Check the terms displayed during your specific sign-up session for the exact requirement.
KOHO is a Canadian financial technology company (not a chartered bank itself). Your deposits are held by Peoples Bank of Canada, a federally regulated Schedule I bank and CDIC member. This means your KOHO deposits are protected by CDIC deposit insurance up to $100,000 per eligible deposit category — the same protection as deposits at TD, RBC, or Scotiabank. KOHO is the front-end app; Peoples Bank is the regulated institution holding your money.
Yes — many Canadians use KOHO as their primary everyday banking account. It includes a Canadian bank account number and transit number (institution 006, Peoples Bank), a Visa debit card, unlimited Interac e-Transfers, direct deposit capability, and bill payment features. You can receive your paycheque, pay bills, and use your card everywhere Visa is accepted. The main limitation is no in-branch access and no mortgage/investment products.
No — KOHO does not perform a hard credit check during account opening. You will need to verify your identity (government ID and SIN), but this is for anti-money laundering compliance, not a creditworthiness assessment. Anyone with a valid Canadian ID can open KOHO regardless of credit score or history. This makes KOHO accessible to new Canadians, students, and anyone with past credit issues.
Absolutely — most KOHO users keep both. A common setup is: KOHO for everyday spending and savings (earning 3% interest with zero fees), plus a traditional bank account for mortgage payments, in-person services, or existing loan products. You can set up direct deposit to KOHO and transfer funds to your other bank as needed. There's no penalty for having multiple accounts.
Yes — "KOHO referral code", "KOHO promo code", "KOHO bonus code", and "KOHO invite code" all refer to the same thing. The code BREMO2026 works as both a referral and a promotional code. When you enter it during signup, you receive the $100 new member bonus. You can find this code on this page — it's the only code needed.
Open KOHO in 5 minutes, enter promo code BREMO2026, meet the simple qualifying condition, and receive $100 cash — plus 3% interest on your balance every single year, forever, with zero monthly fees.