KOHO's premium Everything plan promises 2% cash back on every purchase, 6% on groceries and dining, a 5% HISA, and full credit building included. Here's our honest breakdown.
At $19/month, KOHO Everything pays off if you spend $950+/month across all categories or have $600+/month in groceries/dining/transport. The 5% HISA, included credit building, and best-in-class cashback rates make this the most powerful everyday banking account in Canada. Use code 45ET55JSYA for $100 free at signup.
KOHO Everything is the top-tier plan from KOHO, Canada's leading fintech bank account. At $19/month (or $168/year if paid annually), it offers the highest cashback rates, the best savings interest, and includes credit building — no extra add-on fee required.
Like all KOHO plans, Everything is backed by Peoples Bank of Canada and deposits are CDIC insured. There are no branches and no minimum balance requirements.
6% cash back on all grocery, transit, and dining purchases — the best rate in Canada on a no-credit-check account.
2% cash back on every other purchase — gas, shopping, services, subscriptions.
Earn 5% interest on your savings balance — one of the best rates available in Canada.
Credit Building is included in the Everything plan at no extra charge — reports to Equifax monthly.
Best travel perks of any KOHO plan, including no foreign transaction fees and travel-related benefits.
Send and receive unlimited Interac e-Transfers for free, every month.
At 2% on all purchases plus 6% on groceries/dining/transport, here's how quickly Everything pays for itself:
| Scenario | Monthly Cashback | Net After $19 Fee |
|---|---|---|
| $500 groceries + $200 general | $30 + $4 = $34 | +$15 |
| $400 groceries + $400 general | $24 + $8 = $32 | +$13 |
| $300 dining/groceries + $300 general | $18 + $6 = $24 | +$5 |
| $950 total spending (all general) | $19 | $0 (breakeven) |
| $600 groceries + $500 general | $36 + $10 = $46 | +$27 |
Add the 5% HISA — keeping $5,000 in savings earns ~$250/year, paying for the plan more than twice over.
The 5% interest rate on the Everything plan applies to your entire KOHO balance. Here's what you can earn:
| Balance | Monthly Interest (5% p.a.) | Annual Interest |
|---|---|---|
| $1,000 | $4.17 | $50 |
| $5,000 | $20.83 | $250 |
| $100 | $41.67 | $500 |
| $20,000 | $83.33 | $1,000 |
| KOHO Everything is great for | Consider a different plan if |
|---|---|
| High spenders ($950+/month across all categories) | You spend less than $950/month total |
| Families with high grocery bills ($500+/month) | Most spending is not on groceries/dining |
| Anyone wanting the best HISA rate (5%) | You don't need savings interest |
| People wanting credit building without an add-on fee | You already have strong credit |
| Frequent travellers (no FX fees) | You rarely travel internationally |
| Account | Fee | Best Cashback | Savings Rate | Credit Building |
|---|---|---|---|---|
| KOHO Everything | $19/mo | 6% groceries/dining/transport | 5% | ✓ Included |
| KOHO Extra | $9/mo | 6% select merchants | 4% | Add-on extra |
| Wealthsimple Premium | $3/mo | 1% on all | ~4% | ✗ |
| Neo Everything | $9.99/mo | 5% at partners | 2.25% | ✗ |
| Scotiabank Ultimate | $30.95/mo | No cashback | 0.01% | ✗ |
Sign up today with our exclusive code and get $100 cash in your account. The $100 bonus more than covers your first 5 months.
New KOHO members only. Terms apply.
Yes. KOHO Everything gives you 2% cash back on all purchases, with no category restrictions for the base rate. On top of that, you earn an enhanced 6% on groceries, transport, and dining. This makes it one of the most generous everyday cashback programs in Canada for a prepaid/fintech account.
Everything plan users earn 5% annual interest on their KOHO balance. This applies to your full balance and is calculated daily, paid monthly. This rate is significantly higher than big bank savings accounts (0.01%–0.5%) and competitive with dedicated HISA accounts like EQ Bank. Note that rates are variable and can change.
Yes. Unlike the Extra plan where Credit Building is an add-on, the Everything plan includes Credit Building at no additional charge. KOHO reports your payment history to Equifax each month, helping you build a positive credit profile. This is especially valuable for newcomers to Canada or anyone rebuilding their credit.
Yes! Use code 45ET55JSYA when you sign up for any KOHO plan, including Everything. You'll receive $100 cash in your account after completing the qualifying activities. With Everything at $19/month, the $100 bonus covers more than five months of fees.
KOHO has offered a metal card option to selected Everything plan users. Availability may vary — check the KOHO app for the current metal card option. If available, you can request a metal card through your account settings. The metal card carries the same features as the standard card.
KOHO Everything at $19/month compares very favorably. Scotiabank's Ultimate Package costs $30.95/month and offers no cashback and no savings interest worth noting. RBC's premium accounts are similarly priced with fewer benefits. KOHO Everything offers higher cashback rates, a superior savings rate, and included credit building at a lower monthly fee.