KOHO Promotions: $20 Welcome Bonus & Referrals (Canada) Promo 2022

KOHO ( is welcoming new customers with a $20 (CAD) cash bonus (referral required). Earn an additional $20 cash bonus for every person who claims their welcome reward using your unique referral link. More referral offers here.

Canada is one of the most expensive places to bank in the world, with monthly account fees, transaction fees, overdraft fees, and many other costs associated with banking. KOHO was created to change all that. It’s a free integrated app and prepaid Visa card that features savings and budgeting tools, as well as cashback rewards. According to the company, the average user reduces their spending by 15% and saves nearly $500 within the first three weeks of signing up.

For more on KOHO and their current offers, keep reading.

For more current offers, see our bank bonuses page. Popular offers can be had from banks like Chase Bank, HSBC Bank, Aspiration, Bank of America, BMO Harris and many more.

Chase Total Checking $200 Bonus 2022

KOHO $20 New Member Bonus

Enjoy a $20 (CAD) welcome bonus when you use a referral link or code to sign up for a new account, load your prepaid Visa card, and make your first purchase within 30 days. This offer is valid for new customers only.

Try one of the referral links/codes below. Keep in mind, these referrals are limited per link/code. Make sure you see the $20 offer upon clicking the link or applying the code to determine if it’s still valid.

KOHO Give $20, Get $20 Referral Program

Refer your friends to KOHO and earn an easy $20 (CAD) cash bonus. Each of your referrals will also receive a $20 bonus. To qualify, your friend must click on your unique referral link to open an account, fund their account, and make their first purchase within 30 days.

You can receive up to 50 referral bonuses, for a total of $1,000 in cash rewards. See referral program details here.

KOHO App & Prepaid Cards

koho offers

KOHO is a mobile app and reloadable Visa card that lets you spend, budget, and save effortlessly. The app provides insights into your spending patterns, lets you set spending limits and savings goals, and helps you reach them with automatic round ups.

You can deposit funds via e-Transfer or by setting up a direct load of all, or a portion of, your paycheck. We recommend the direct deposit option because you’ll earn 1.20% interest on your balance and access up to $100 of your paycheck up to three days before getting paid.

KOHO prepaid cards work like debit cards, but they also earn rewards – 0.5% on all purchases – like cashback credit cards. Purchases made with select KOHO partners earn extra cash back, up to 5%. The KOHO reloadable card can link to your digital wallet, like Apple Pay, Google Pay, or Samsung Pay.

KOHO Credit Builder

If you have problems accessing affordable credit because of your credit history, KOHO can help with their Credit Building feature. It a $7/month, 6-month subscription that automatically deducts the monthly fee from your account and reports these “payments” to a credit bureau. Members can track changes to their credit score every month and renew their Credit Building subscription as many times as they want.

Bottom Line

KOHO is a free integrated app and prepaid Visa card for those who have a hard time budgeting, saving, or securing a “regular” credit card. It comes with budgeting and tracking tools, automatic savings features, and cashback rewards.


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