KOHO offers four plans from $0 to $19/month. Each upgrades your cashback rate. Use our calculator to find which plan earns you the most money based on your spending.
Enter your monthly spending to see which plan earns the most after accounting for plan fees.
| Feature | Free ($0) | Essential ($4) | Extra ($9) | Everything ($19) |
|---|---|---|---|---|
| Interest on Balance | 3% | 3% | 3% | 3% |
| Cashback — General | 0.5% | 1% | 1.5% | 2% |
| Cashback — Groceries/Food | 0.5% | 1% | 2% | 2% |
| Foreign Transaction Fee | 0% | 0% | 0% | 0% |
| Free e-Transfers | Yes | Yes | Yes | Yes |
| International ATM | Fees apply | 1 free/mo | 2 free/mo | Unlimited free |
| Priority Support | Standard | Priority | Priority | Priority |
| Price Matching | No | No | Select retailers | Yes |
| Price Protection | No | No | No | Yes |
| Financial Coaching | No | No | No | Yes |
| Vaults (savings) | Yes | Yes | Yes | Yes |
| Joint Accounts | Yes | Yes | Yes | Yes |
| Credit Building Add-on | +$10/mo | +$10/mo | +$10/mo | +$10/mo |
For most Canadians, the KOHO Free plan (0.5% cashback, $0/month) is the best starting point. It's completely free and still beats any big bank account. If you spend $2,000+/month, the Essential plan ($4/month, 1% cashback) typically pays for itself — you'd earn $20/month in cashback vs $10, a $10 gain for a $4 cost. The Extra plan ($9/month) makes sense for those spending $2,500+/month. The Everything plan ($19/month) is best for high spenders ($4,000+/month) or frequent international travellers.
The KOHO Everything plan ($19/month = $228/year) is worth it if: you spend $4,500+/month on your KOHO card (the 2% cashback pays $90/month vs 0.5% Free = $22.50/month, a $67.50 extra value that covers the $19 fee), OR you travel internationally frequently (unlimited free international ATM withdrawals save $3–5 per withdrawal), OR you use the price protection feature to save on purchases. Run the calculator above with your specific spending to see if it pays off.
Yes — you can upgrade or downgrade your KOHO plan at any time through the app. There's no commitment or penalty for switching. You're billed monthly, so switching takes effect at your next billing cycle. This makes it easy to temporarily upgrade for a high-spending month (holiday shopping, travel) and downgrade afterward.
No — all KOHO plans earn the same 3% interest on your balance. The interest rate is a base feature of all KOHO accounts, not tied to the plan level. What changes between plans is the cashback rate (0.5% → 1% → 1.5%/2% → 2%) and premium perks like international ATM withdrawals, price matching, and priority support.
The KOHO referral code is 45ET55JSYA. Enter this code when signing up for any KOHO plan (including the free plan) to receive a $100 cash bonus after making qualifying purchases. This applies to new KOHO accounts. The $100 bonus is available regardless of which plan you choose — start with the free plan and the bonus still applies.
All plans include 3% interest, 0% FX fees, and free e-Transfers. Start free and upgrade anytime.
Get KOHO Free — Use Code 45ET55JSYA for $100 →