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Updated March 2025  |  9 min read

KOHO vs Stack: Complete Comparison 2025

Important Update: Stack Financial has permanently shut down its prepaid card and banking services as of 2021. Existing Stack card holders were notified to withdraw funds. Stack is no longer accepting new customers or processing transactions. This article explains what Stack was, why people searched for it, and why KOHO is the recommended alternative.

Many Canadians still search for "KOHO vs Stack" because Stack was once a popular no-fee challenger bank. This guide covers what Stack offered, how it compared to KOHO when it was active, and what KOHO users get today that Stack never delivered on.

Table of Contents

  1. What Was Stack Financial?
  2. What Happened to Stack?
  3. KOHO vs Stack (Historical Comparison)
  4. KOHO in 2025
  5. Stack Alternatives in 2025
  6. Verdict

What Was Stack Financial?

Stack was a Canadian fintech startup that launched around 2016, offering a no-fee prepaid Mastercard with zero foreign transaction fees. It was primarily marketed to travellers and digital-savvy Canadians who wanted to avoid the 2.5%–3% foreign transaction fees charged by major banks.

Stack's key features included:

Stack attracted a following among frequent travellers and budget-conscious Canadians, but it never expanded into savings accounts, credit building, or a comprehensive financial platform.

What Happened to Stack?

Stack Financial shut down its consumer banking product in 2021. The company transitioned away from retail banking. The reasons cited by the company were strategic and financial — building a sustainable banking business in Canada is extremely competitive, requiring significant regulatory compliance costs and customer acquisition spend.

Stack customers were advised to withdraw their balances and close their accounts. Stack no longer exists as a consumer banking product. If you're looking for a Stack-like experience, KOHO is the closest and most developed alternative.

KOHO vs Stack — Historical Comparison

FeatureKOHO (2025)Stack (Discontinued)
StatusActive — 1M+ usersDiscontinued (2021)
Monthly fee$0 (free tier)$0
Foreign transaction fee0% (premium plans)0%
Cash back0.5%–5% (plan dependent)None
Interest on balance3%–5%None
Credit buildingYes ($10/mo add-on)No
TFSA/RRSPNoNo
Budgeting toolsYes (advanced)Basic
App rating4.7N/A (shut down)

KOHO in 2025 — What Stack Customers Get

KOHO has evolved far beyond what Stack offered at its peak. In 2025, KOHO includes:

For the travellers who loved Stack's zero FX fees, KOHO Extra ($9/mo) and KOHO Everything ($19/mo) both include 0% foreign transaction fees — plus you earn cash back on those purchases, which Stack never offered.

Best Stack Alternatives in 2025

If you were a Stack user looking for a replacement, here are the top options:

The Best Stack Alternative: KOHO

Over 1 million Canadians have already switched to KOHO. Earn up to 5% cash back, get 3%–5% interest on your balance, build credit, and never pay a bank fee. Use referral code 45ET55JSYA for a welcome bonus.

Get KOHO Free — Use Code 45ET55JSYA

No credit check. No minimum balance. Referral code 45ET55JSYA applied automatically.

Verdict: KOHO vs Stack

Stack no longer exists. For Canadians who loved Stack's zero-fee, zero-FX model, KOHO is the best replacement — it does everything Stack did and far more: cash back, interest on balance, credit building, RoundUp savings, and a premium tier with 0% FX fees for travellers.

If you had a Stack account and haven't found a replacement yet, open a free KOHO account today. The free tier alone surpasses everything Stack offered.

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