The current KOHO referral code is KOHOBONUS40. Enter this code when you sign up and make your first purchase over $20 to receive a $40 cash bonus deposited directly into your KOHO account.
What is the KOHO Referral Code?
The KOHO referral code — also called a KOHO promo code, invite code, or sign-up code — is a short code that new users enter during registration to unlock a cash reward.
The active code for 2026 is KOHOBONUS40, and it gives you:
- $40 cash bonus credited to your KOHO account after your first purchase over $20
- Access to Canada's leading no-fee prepaid Visa card with cashback on everyday spending
- Up to 3.5% interest on your KOHO balance from day one — no lock-in, no minimum balance
How to Use the KOHO Referral Code
- Visit KOHO and click Get Started
- Create your free KOHO account — no credit check required
- When prompted, enter referral code KOHOBONUS40
- Add your virtual card to Apple Pay or Google Pay
- Make any purchase over $20 and your $40 bonus is credited automatically
The entire process takes under 10 minutes. Your virtual card is available immediately — no need to wait for your physical card to arrive. For a full overview, visit the KOHO referral code home page.
Already Signed Up? Here's What to Do
If you forgot to enter the KOHO promo code during sign-up, contact KOHO support through the app within the first few days of registration. Depending on your account status, they may be able to apply the code manually. Act quickly — this window is short.
What is KOHO?
KOHO is a Canadian financial technology company founded in 2014 in Toronto. It offers a no-fee prepaid Visa card, a high-interest savings account, and a suite of tools designed to help Canadians spend smarter and save more. KOHO has grown to serve over 1 million Canadians and is one of the most popular alternatives to traditional bank accounts in Canada.
Your KOHO balance is held in trust at Peoples Bank of Canada, a CDIC member institution, meaning your funds are protected up to $100,000 per eligible deposit category.
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 all Canadians regardless of credit history
Instant Virtual Card
Your virtual KOHO card is available the moment your account is set up. Add it to Apple Pay or Google Pay and start spending immediately — no need to wait for the physical card.
No Credit Check Required
Because KOHO is a prepaid card and not a credit card, there is no hard credit inquiry when you sign up. This makes it one of the most accessible financial products available to Canadians with no credit history, new immigrants, or anyone who has been declined elsewhere.
Earn Up to 3.5% Interest on Your KOHO Balance
KOHO pays up to 3.5% interest on your entire balance with no minimum deposit and no lock-in period. Interest is calculated daily and paid monthly — making KOHO one of the highest-interest everyday accounts available in Canada.
For context, most major Canadian bank savings accounts pay between 0.01% and 1%. On a $5,000 balance, the difference between 1% and 3.5% is $125 per year.
Build Your Credit Score with KOHO
KOHO's Credit Building feature lets you improve your credit score without a hard credit check. For a small monthly fee, KOHO reports positive payment history to Equifax — one of Canada's two major credit bureaus. Over time, this can meaningfully raise your score without the risks that come with a credit card.
This makes KOHO a strong option for:
- New Canadians with no credit history
- Students opening their first account
- Anyone rebuilding their credit after past financial difficulty
KOHO Plans Overview
| Plan | Monthly Fee | Cashback | Interest | FX Fees |
|---|---|---|---|---|
| Base | Free | 1% on select categories | Up to 2% | Standard |
| Essential | $4/mo | 1% everywhere | Up to 2.5% | Standard |
| Extra | $9/mo | 2% on select categories | Up to 3% | Standard |
| Everything | $19/mo | 2% everywhere + premium perks | Up to 3.5% | Zero |
The base plan is free forever and includes the $40 referral bonus. Paid plans unlock higher cashback and interest rates.
KOHO Products Overview
| Product | Benefit |
|---|---|
| KOHO Prepaid Visa | Cashback on groceries, dining & transit |
| KOHO Savings | Up to 3.5% 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 |
Is KOHO Safe?
Yes. KOHO is a federally regulated 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 is also registered with FINTRAC as a Money Services Business.
KOHO Referral Code Summary
| Detail | Info |
|---|---|
| Referral Code | KOHOBONUS40 |
| Also called | Promo code, invite code, sign-up code |
| Bonus Amount | $40 cash |
| Requirement | First purchase over $20 |
| Credit Check | None |
| Monthly Fee | None on base plan |
| Stackable | Yes — with any active KOHO promotions |
Frequently Asked Questions
What is the KOHO referral code for 2026? The current KOHO referral code is KOHOBONUS40. Enter it when you sign up and make your first purchase over $20 to receive a $40 cash bonus.
Is there a KOHO promo code or coupon code? KOHO calls it a referral code or invite code. The code KOHOBONUS40 works the same way — enter it during sign-up to unlock the $40 bonus.
How do I get the $40 KOHO sign-up bonus? Sign up at KOHO using 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 ever. Optional paid plans (Essential, Extra, and Everything) unlock higher cashback rates and interest for a monthly fee.
Is there a credit check to open a KOHO account? No — KOHO is a prepaid card, not a credit card. There is no hard credit inquiry when you apply. It's available to all Canadians regardless of credit history.
Can I earn interest on my KOHO balance? Yes — KOHO pays up to 3.5% interest on your full balance depending on your plan. Interest is calculated daily and paid monthly with no minimum balance required.
Is KOHO available across Canada? Yes — KOHO is available to residents of all Canadian provinces and territories. You must be the age of majority in your province to open an account.
Can I use KOHO as my main bank account? Many Canadians use KOHO as their primary spending account. It supports direct deposit, bill payments, e-Transfers, and Apple Pay / Google Pay. The main limitation vs a traditional bank is that KOHO does not offer a credit card, line of credit, or mortgage — though the Credit Building feature is a step toward credit access.
🎁 Sign up at KOHO with referral code KOHOBONUS40 to claim your $40 sign-up bonus today.