KOHO Referral Code 2022 | Get a $20 Sign-Up Cash Bonus!

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by Enoch Omololu


Advertiser Disclosure

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 when you make your first purchase with the KOHO card within 30 days. You also earn a 1.20% interest rate on your entire balance if you set up a direct deposit.

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


There are many reasons for using the KOHO app and reloadable Visa card, 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 0.5% in cash back.

Earn Interest: You can earn a high interest rate of 1.20% on your entire balance when you set up a direct deposit to your KOHO account. This is one of the highest savings account rates in Canada.

Free Early Payroll: When you link your payroll deposits to your KOHO account, you can get $100 three days early before your paycheque hits your account. The service is free and has no interest or fee charges.

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 are putting away for savings, and can help you save your spare change using their Roundups feature.

Easy investing: You can easily transfer funds from KOHO to your Wealthsimple investing account.

Financial coaching: KOHO is working on giving you access to free financial advice via the app when you have a direct payroll deposit setup. Have a question about investing, debt, savings, or budgeting? The answers are now at your fingertips.

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 (easy $1,000 benefit).

Metal Card: Get a premium limited metal card if you so desire in the Gilded Cotton Candy format.

KOHO referral code

KOHO Referral Code Welcome Bonus

KOHO wants Canadians to not only save on banking fees but, also, to be rewarded for building frugal financial habits when they pay with cash. This is why they have offered a 0.5% cash back when you make purchases using your KOHO card.

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

KOHO now also offers a premium service “KOHO Premium” with even more rewards! You earn up to 2% on everyday purchases, as well as extra cashback at select partners.

You can read my detailed KOHO Premium review.

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 making a purchase 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 and it is ranked on our list of the best cash back apps in Canada.

KOHO Cash Back Bonus Referral Code 2022


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.

Best Promotions this month

Best FREE chequing account offer in Canada with $350 cash bonus

$350 cash bonus when you deposit $100 for 3 months.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account or transaction fees.

Earn a 2.20% high-interest rate on your savings.

No monthly or minimum balance is required.

Get a $20 welcome bonus with the KOHO app and up to 10% cash back

Free reloadable prepaid card (use CASHBACK referral code).

Earn 0.50% cash back on all purchases and up to 10% at select partners.

Save automatically and earn 1.20% interest on your balance.

Get 3-day early access to $100 of your paycheque for free.

Increase your credit score fast with Credit Building.

Get a $150 cash bonus and FREE stock and ETF trades

Only commission-free stock and ETF trading platform in Canada.

$0 trading commissions on thousands of products.

$150 cash bonus when you fund and trade $300 worth of stocks.

Free referral stock bonuses are available up to $4,500*.

Earn high interest rate on your savings account

1.50% interest rate on your savings account.

Up to 125x more earnings than other banks.

No monthly account fees; fast and easy online sign-up.

Free and unlimited bill payments and Interac e-Transfers.

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Enoch Omololu

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 has a passion for helping others win with their personal 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, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

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 2022 | Get a $20 Sign-Up Cash Bonus!”

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

  2. 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. 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.

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