KOHO is one of Canada's most popular no-fee spending and savings accounts, trusted by over 1 million Canadians. New users can earn a $40 cash bonus just for signing up and making their first purchase.
What is the KOHO Referral Code?
The current KOHO referral code is KOHOBONUS40.
Using this code gives you:
- $40 cash bonus after you sign up and make your first purchase over $20 with your KOHO card
How to Use the KOHO Referral Code
- Visit KOHO or click Get Started on this page
- Create your free KOHO account — no credit check required
- Enter referral code KOHOBONUS40 when prompted
- Add your virtual card to Apple Pay or Google Pay
- Make any purchase over $20 and your $40 bonus is credited automatically
KOHO Prepaid Visa: What You Need to Know
KOHO is built around its no-fee prepaid Visa card with cashback on everyday spending:
- 1–2% cashback on groceries, eating & drinking, and transportation
- No annual fee and no monthly fee on the base account
- No credit check — available to anyone
Instant Virtual Card
Your virtual KOHO card is ready the moment your account is set up. Add it to Apple Pay or Google Pay and start spending — no need to wait for your physical card.
No Credit Check Required
KOHO is a prepaid card, not a credit card, so there's no hard credit inquiry when you apply. It's available to all Canadians regardless of credit history.
Earn Up to 5% Interest on Your Balance
KOHO pays up to 5% interest on your entire balance — no minimum deposit, no lock-in period. Interest is calculated daily and paid monthly.
Build Your Credit with KOHO
KOHO's Credit Building feature lets you improve your credit score without a hard credit check. KOHO reports positive payment history to Equifax, making it one of the easiest ways to build credit in Canada.
Is KOHO Safe?
KOHO is a financial technology company. Your balance is held in trust at Peoples Bank of Canada, a CDIC member institution, providing up to $100,000 in deposit protection per eligible category.
KOHO Products Overview
| Product | Benefit |
|---|---|
| KOHO Prepaid Visa | Cashback on groceries, dining & transit |
| KOHO Savings | Up to 5% interest on your balance |
| KOHO Credit Building | Build credit with no hard credit check |
| KOHO Premium | Higher cashback + zero FX fees |
| RoundUps | Automatically save spare change |
| Instant Pay | Access up to $100 of your pay early |
KOHO Referral Code FAQ
How do I get the $40 KOHO bonus? Sign up with referral code KOHOBONUS40 and make your first purchase over $20 with your KOHO card. The $40 bonus is credited to your account automatically.
Does KOHO have monthly fees? The base KOHO account has no monthly fees. Optional paid plans (Essential, Extra, and Everything) unlock higher cashback rates and other perks for a monthly fee.
Is there a credit check to open a KOHO account? No — KOHO is a prepaid card, so no credit check is required at any point.
Can I earn interest on my KOHO balance? Yes — KOHO pays up to 5% interest on your full balance, calculated daily and paid monthly with no minimum balance.
Use code KOHOBONUS40 to claim your $40 KOHO sign-up bonus today.