KOHO allows Canadians to budget, spend, and save smartly.
The basic KOHO app is free to use and offers a $40 cash bonus to readers of this blog when you use the KOHO referral code GETCASH during sign-up.
After signing up, you receive a $40 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.
Why Use KOHO?
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 habits with up to 5% in cash back.
Earn Interest: You can earn interest on your entire balance. This is one of the highest savings account rates in Canada for a spending account (up to 4%).
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.
KOHO Referral Code Welcome Bonus
KOHO helps Canadians save on banking fees and earn rewards when they pay with cash. You get up to 1% cash back on gas and grocery purchases paid for using your KOHO card.
Additionally, you get a $40 cash bonus when you sign up and enter the KOHO referral code GETCASH.
KOHO also offers a premium service, “KOHO Extra,” with even more rewards (costs $12 monthly). You earn up to 1.5% on some everyday purchases and up to 5% cash back at select partners. You can read our detailed KOHO Extra 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 Alternatives
You can also consider the Neo Money card ($10 bonus after first purchase and $50 deposit). It pays up to 3% cash back on purchases.
Neo Everyday Account (formerly Neo Money)
Earn up to 3% cash back on purchases
No monthly fees
Unlimited free transactions
$10 welcome bonus after depositing $50+
Get a Mastercard for payments online and ATMs
KOHO Referral Code FAQs
The best prepaid credit card in Canada is the KOHO Mastercard. It pays up to 5% cash back on your purchases.
When you sign up for a new KOHO account using a valid KOHO referral code (GETCASH), you get a $40 cash bonus after purchasing with your card within 30 days.
You can refer up to 50 friends to KOHO using your referral code and link and earn up to $1,000.
Yes, KOHO is a legitimate company. It is one of the best cash back apps in Canada.
KOHO Cash Back Bonus Referral Code 2025
-
Ease of use
-
Cash back rate
-
Eligibility
-
Other perks
Overall
Summary
Use the KOHO referral code “GETCASH” to get a $40 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.
Pros
- Earn unlimited cash back
- Best prepaid card in Canada
- $40 welcome bonus
- Access to a budget app
Cons
- Credit building requires a paid subscription
How do I get access my account? Please and thank you.
@Loretta: If you are having difficulties accessing your account, please contact KOHO’s customer service directly for assistance.
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.
Use this code on sign up or download the app for a $60 bonus.