KOHO Referral Bonus

KOHO is a Canadian fintech that combines a prepaid Mastercard with a spending and savings account. KOHO offers three plans — Essential, Extra, and Everything — and the rate you earn on cash back, interest, and crypto trading depends on which plan you’re on, not a single blended number.

Plan	Monthly fee	Cashback (groceries/transport/dining)	Cashback (everything else)	Interest	Crypto trading fee	eSIM
Essential	$0*	1%	—	2%	1%	—
Extra	$12	1.5%	0.25%	2.5%	1%	1GB/mo
Everything	~$14.75 (billed annually)	2%	0.5%	3.5%	0.5%	3GB/mo

Extra and Everything also include no foreign transaction fees and a Credit Building discount (30% on Extra, 50% on Everything). Everything is the plan promoted with this referral link and also includes advanced phone support.

Essential’s $0 fee requires direct deposit or at least $1,000 added to your account each month (cash deposits, e-Transfers, and account transfers all count). If you don’t meet either condition, KOHO charges a fee it does not publish as a dollar figure on its own website — its help centre directs you to check current pricing inside the KOHO app, so treat any specific number you see elsewhere as unconfirmed until you verify it in-app.

Through the referral program, new customers who meet KOHO’s requirements can try Everything at no plan cost for three months — a strong way to test the higher interest and cash back rates before paying ongoing plan fees. Separately, KOHO’s standing referral program lets any member invite up to 50 friends and earn up to $1,000 in total rewards once those friends sign up and qualify.

A few other details worth knowing before you sign up: deposits held in trust once you opt into Earn Interest are eligible for CDIC protection up to $100,000 per beneficiary, per member institution (KOHO itself is not a CDIC member institution, but its banking partners are). KOHO’s Credit Building feature reports payment activity to Equifax through a $225 secured line of credit, and the discount on its fee varies by plan (30% on Extra, 50% on Everything). The KOHO Mastercard® Prepaid card is issued by KOHO Financial Inc. under license from Mastercard.

KOHO referral bonus requirements

To qualify for the referral reward promoted with this link, you generally need to register as a new KOHO customer, verify your account, and make at least one purchase of $20 or more with your KOHO card within 30 days of signing up. KOHO’s in-app referral flow may present reward options (such as cash or a free plan trial); confirm the current choices and Everything eligibility in the app before you rely on a specific benefit. Existing KOHO customers are not eligible for the new-customer referral offer.

KOHO Everything plan overview

After any free trial period, Everything is billed at about $14.75 per month when paid annually (monthly billing may cost more—see KOHO’s plan page in the app). Ongoing perks include 3.5% interest on your balance, elevated cash back on everyday categories plus 0.5% on everything else, 0.5% crypto trading fees, partner offers at participating merchants, no foreign transaction fees, and a discounted Credit Building option. KOHO’s own pages cite different partner counts, so treat the exact number as approximate. Rates, partners, and plan features can change, so confirm the current numbers in the KOHO app before you rely on them.

If you want a traditional bank-alternative bundle with a credit card focus, compare the Neo Financial referral bonus. For bitcoin rewards and crypto spending, see the Shakepay referral bonus.