No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
We break down every feature of KOHO Premium, calculate exactly when the upgrade pays off, and compare it to the free plan. Honest assessment for Canadian consumers.
Our Rating
KOHO Premium is worth it for Canadians who spend $600+/month on groceries and transit. For lighter spenders, the free plan with the $40 sign-up bonus is the better choice.
| Feature | KOHO Free | KOHO Premium (~$9/mo) |
|---|---|---|
| Monthly Fee | $0 | ~$9/month |
| Interest on Balance | 3.0% | 3.0% |
| Grocery/Transit Cashback | 1% | 2%+ |
| Other Spending Cashback | 0.5% | 0.5%–2% |
| Partner Merchant Boosts | Limited | More offers (up to 5%) |
| Financial Coaching | No | Yes |
| Price Matching | No | Yes (select retailers) |
| Priority Customer Support | No | Yes |
| Credit Builder | Add-on fee | Included (some plans) |
| $100 Sign-up Bonus | Yes (code BREMO2026) | Yes (code BREMO2026) |
Premium increases grocery and transit cashback from 1% to 2%+ and unlocks higher cashback tiers on other spending categories. The key benefit for most users.
Premium unlocks more partner merchant offers where cashback can reach 5%+ at specific retailers. These change regularly — check the app weekly for new offers.
Access to personalized financial coaching sessions — useful for budgeting, debt reduction planning, and setting savings goals. A differentiating feature not common in free digital accounts.
KOHO Premium includes a price matching feature for select retailers — if you buy something and the price drops, KOHO can help you get the difference back. Availability varies by retailer.
Premium subscribers get faster customer support response times — useful if you have an issue that needs quick resolution. Standard support response times for free users can vary.