TD charges up to $359/year in fees and earns 0.01% interest. KOHO charges $0 and earns 3.0%. Here's the full breakdown — and when TD is still worth it.
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.
| Feature | KOHO | TD Bank |
|---|---|---|
| Monthly fee | $0 forever | $10.95–$29.95 |
| Interest on balance | 3.0% | 0.01% |
| Annual fee (mid plan) | $0 | $203.40 |
| Debit cashback | 0.5–2% | None |
| Credit building | Yes | No |
| 0% FX fees | Yes (Extra plan) | 2.5% markup |
| Physical branches | None | 1,100+ Canada-wide |
| Canada's largest ATM network | No | Yes |
| Mortgages | No | Yes |
| TD Direct Investing | No | Yes |
| RRSP / TFSA | No | Yes |
| Business banking | No | Yes |
| NOMI spending insights | Better analytics | Basic |
| Sign-up bonus | $100 (code BREMO2026) | Occasional $200+ |
Daily spending account, 3.0% interest on your balance, cashback, building credit, travelling internationally — and saving $200+/year in bank fees vs TD.
Your mortgage, TD Direct Investing account, RRSP/TFSA investing, business banking, or when you genuinely need access to their 1,100+ branches.
Switch daily spending to KOHO (save $200+, earn 3.0%). Keep TD only for mortgage, investing, and products where they add real value. Pay zero daily fees.
$200/yr savings + 3.0% on $5K balance = ~$350/yr advantage. Over 10 years at 7% compound: ~$4,800 more in your pocket vs staying with TD for daily banking.
Open KOHO in minutes — $0 fees, 3.0% interest, and $40 sign-up bonus with code BREMO2026.
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