KOHO referral code and sign-up bonuses

KOHO is quickly establishing itself as a premier online banking option on the Canadian market. Whether you want to sign up for one of KOHO’s three banking plans or its crypto trading platform, it’s worth opting in for KOHO with a sign-up bonus or referral code to earn a few extra perks in the process.

KOHO sign-up bonuses available now

Does KOHO offer a referral bonus?

Yes, KOHO offers a standard ongoing referral code program where the referrer can get a cash reward of $20 (if you’re a non-member on the free version of the KOHO Core’s Plan) or up to $100 (if you’re a paying KOHO member with the Everything Plan) while your referred friend gets 3 months free of the Everything plan, which amounts to a $66 value for your friend.

KOHO’s referral program has a maximum cap of 50 referred friends or up to $1,000 in referral cash bonuses, whichever cap you hit first.

How to get the KOHO referral bonus

You can follow these steps to cash in KOHO’s referral bonus:

1. Share your unique link:
   Log in to your KOHO app, tap the Gift icon in the app and then select whether you want to share your referral code via text or email.
2. Your friend signs up:
   Your friend must then click your referral code link, download the KOHO app and sign up for a KOHO account using your KOHO referral code and verify their account.
3. Your friend makes a purchase:
   To finish qualifying for the referral bonus, your friend must then make a purchase (either online or in person) from their new KOHO Plan account of at least $20 within 30 days of opening the account.
4. Wait to receive your bonus:
   The $20 – $100 referral bonus will be deposited into your KOHO account, while your friend will automatically receive 3 months free of the Everything Plan.

Is it worth switching to KOHO for a sign-up bonus?

Yes, it can definitely be worth opening an account to get a KOHO sign-up bonus, as KOHO is a solid digital banking alternative in Canada.

It offers three account plan options for daily banking—the Core ($0/month), Extra ($18/month) and Everything ($22/month) plans—which come with perks you can’t find with most standard bank accounts.

For starters, KOHO plan members can get access to KOHO Cover, a cash advance of up to $500 that costs 0% + monthly fee from $2. It provides KOHO members with a low-cost alternative to payday loans for people needing a fast small loan, regardless of their credit score.

KOHO also provides the ability to buy and sell crypto directly on its platform (powered by Ndax), and a couple of different lines of credit options. Plus, all plans come with a prepaid card that pays up to 2% cash back on purchases and doesn’t charge foreign exchange fees with the Extra and Everything plans.

You can learn more about KOHO in our full review here and compare KOHO with other digital banking options in our full guide to the best digital banking platforms in Canada here.

Check out other Finder deals

How do KOHO sign-up bonuses compare to other promo offers?

Like KOHO, other banking and investment platforms in Canada also offer promotions when you open a new account. We’ve compiled some of the top promotional offers for banking and investment platforms below, so you can easily compare options and find the right bonus for you.

FAQs about KOHO sign-up bonuses