KOHO is not a bank and is not owned by a bank; it is a Canadian financial technology company that partners with Peoples Trust Company to provide banking services, including issuing prepaid credit cards. Funds in KOHO accounts are held by Peoples Trust, which is a member of the CDIC.
KOHO is not a bank as it does not have a license, but it has partnered with Canadian bank the Peoples Trust Company in a white-label deal, along with Visa Inc.
Whilst you can use your KOHO card in the USA, a KOHO USD account isn't available. If you receive money from the USA to your KOHO account, this must be converted to CAD, which may involve fees and currency exchange rate markups.
We're backed by established investors like Drive Capital, Portag3, TTV Capital, HOOPP, Round13, and BDC.
Fueled by its recent raise and its proven track record, KOHO is on its way to realize its mission of making banking accessible to all Canadians and improving the lives of millions through affordable and accessible financial products. Daniel Eberhard is the founder and CEO of KOHO.
Founded in 2014, KOHO is one of Canada's leading financial technology companies, transforming the way Canadians spend and save. Through koho.ca and the KOHO app, users can access a spending and savings account with no hidden fees, along with tools like Cover (overdraft protection), Credit Building, and RoundUps.
We work hard to make sure your money is always safe and available, that's why we've partnered with Peoples Trust, a federally regulated bank, to safeguard your funds. And once you opt-in to Earn Interest, up to $100K of your funds are eligible for CDIC protection.
Other apps like KOHO in Canada include Wise, Neo Financial®, Tangerine®, EQ Bank®, and PC Financial®.
Be ready for the unexpected with a $1,000-$15,0001 KOHO Line of Credit provided by Fora, a convenient alternative when traditional banks aren't an option. Join KOHO today to start your application.
KOHO isn't a bank—We are a financial service company that offers a spending and savings account with a prepaid Mastercard®.
You are able to withdraw cash from an ATM using your physical KOHO card. Look for ATMs on the "Cirrus" network as they'll support withdrawals using a Mastercard. Important: You may be charged a $2-3 out-of-network fee to use an ATM (KOHO doesn't own any ATMs for free withdrawals).
Its credit card partner is Mastercard and prominent investors like Drive Capital, Portag3, TTV Capital, HOOPP, Round13, and the BDC have partnered with KOHO. You can also access KOHO's customer service team seven days a week through the mobile app and website, or call 1-855-564-6999 to speak with an agent.
Noun. koho. (anatomy) fingernail; toenail. claw (of an animal)
The Tangerine No-Fee Daily Chequing Account is our pick for the best digital banking option for daily use in Canada because it comes with a $0 monthly fee and unlimited free transactions and Interac e-Transfers.
(NYSE: ITT) today announced that its Svanehøj business, a leading designer and manufacturer of specialized cryogenic pumps and aftermarket services for the marine sector, has acquired Köhler & Hörter GmbH (KOHO).
KOHO gives you everything Cash App does, plus features that actually matter for Canadian life. Ready to take control of your money? Sign up for a KOHO account today and start loading funds.
KOHO Line of Credit
Apply online for about $1,000–$15,000 in available credit. Get interest rates as low as 19.9% Only pay interest on what you actually use, not on your full limit.
The 2/3/4 rule is a guideline, primarily used by Bank of America, that limits how many new credit cards you can get: no more than 2 in 30 days, 3 in 12 months, and 4 in 24 months, helping to prevent over-application and manage hard inquiries on your credit report. While not universal, it's a useful benchmark for responsible card application, though other banks have different rules (like Chase's 5/24 rule).
Koho was founded in 2014 in Vancouver. In January 2015, the platform was launched, offering its services through its beta mobile app.
From the KOHO app: