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KOHO Referral Code 2023: “CASHBACK” For $20 Sign-Up Bonus

KOHO allows Canadians to budget, spend, and save smartly.

The KOHO app is not only FREE to use, but they are also offering a $20 cash bonus to readers of this blog when you use the KOHO referral code CASHBACK during sign-up.

Click here to download the app! This KOHO referral code has no limits!

After signing up, you receive a $20 bonus after making your first purchase with the KOHO card within 30 days. You also earn interest on your balance.

The referral code is applied automatically when you click on the referral link.


There are many reasons for using the KOHO app and reloadable Mastercard, including:

Zero monthly fees: They charge zero monthly fees on your account.

Earn cash back on debit purchases: Your bank does not pay you when you spend cash; however, KOHO rewards your good financial habit with up to 5% in cash back.

Earn Interest: You can earn 0.50% to 2.00% interest on your entire balance. This is one of the highest savings account rates in Canada for a spending account.

Real-time financial insights: Gain useful insights into your spending, budgeting, and savings. See where your money is going and if your budget is intact…all on one dashboard.

Increase your savings: The app has options for increasing how much you put away for savings and can help you save your spare change using its Roundups feature.

Earn referral cash bonuses: When you refer friends and family to sign up, you both receive a $20 bonus, and you can refer up to 50 friends (an easy $1,000 benefit).

Metal Card: Get a premium limited metal card if you so desire in the Gilded Cotton Candy format (no longer offered).

The KOHO Prepaid Visa Card was recently rebranded and is now issued under license by Mastercard.

KOHO referral code

KOHO Referral Code Welcome Bonus

KOHO helps Canadians save on banking fees and earn rewards when they pay with cash. You get up to 5% cash back on purchases paid for using your KOHO card.

Additionally, you get a $20 cash bonus when you sign up and enter the KOHO referral code CASHBACK.

KOHO also offers a premium service, “KOHO Premium,” with even more rewards. You earn up to 2% on everyday purchases and up to 5% cash back at select partners.

You can read our detailed KOHO Premium review for more details.

Is KOHO Safe?

Yes, KOHO is safe and legit. The company has been around since 2017 and has partnerships with some of the biggest financial institutions in Canada, including Power Group, Drive Capital, and Portag3.

The funds in your account are held at a Canada Deposit Insurance Corporation-member bank (Peoples Trust Company), and you are protected up to $100,000 if KOHO becomes insolvent.

KOHO Referral Code FAQs

What is the KOHO referral bonus?

When you sign up for a new KOHO account using a valid KOHO referral code (CASHBACK), you get a $20 cash bonus after purchasing with your card within 30 days.

How many KOHO referrals and bonuses can I get?

You can refer up to 50 friends to KOHO using your referral code and link and earn up to $1,000.

Is KOHO Legit?

Yes, KOHO is a legitimate company. It is one of the best cash back apps in Canada.

KOHO Cash Back Bonus Referral Code 2023
  • Ease of use
  • Cash back rate
  • Eligibility
  • Other perks


Use the KOHO referral code “CASHBACK” to get a $20 cash bonus when you sign up. The KOHO app and reloadable card are great for earning cash back on your debit purchases and saving your spare change.


  • Earn unlimited cash back
  • Best prepaid card in Canada
  • $20 welcome bonus
  • Access to a budget app


  • Credit building requires a paid subscription

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Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

4 thoughts on “KOHO Referral Code 2023: “CASHBACK” For $20 Sign-Up Bonus”

  1. Gravatar for KATie

    Use this code on sign up or download the app for a $60 bonus.

  2. Gravatar for Virginie

    Virginie has given you an extra 1% cashback to get started with KOHO, the smarter spending account.
    Download the app Or use this code on sign-up.

  3. Gravatar for Loretta

    How do I get access my account? Please and thank you.

    • Gravatar for Enoch Omololu

      @Loretta: If you are having difficulties accessing your account, please contact KOHO’s customer service directly for assistance.

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