{"id":1065829,"date":"2025-10-15T15:14:28","date_gmt":"2025-10-15T19:14:28","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1065829"},"modified":"2026-04-29T17:16:13","modified_gmt":"2026-04-29T21:16:13","slug":"koho-vs-neo","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/banking\/koho-vs-neo","title":{"rendered":"KOHO vs Neo Financial: Which one is right for you?"},"content":{"rendered":"

KOHO and Neo Financial are two popular fintechs that are shaking up the Canadian banking sector. If you\u2019re searching for competitive savings account interest rates, cards that pay cashback on your spending and user-friendly mobile apps that make it easy to manage your account, both KOHO and Neo are well worth checking out.<\/p>

But which one is better? Let\u2019s compare KOHO vs Neo Financial side-by-side to find out.<\/p>

KOHO vs Neo Financial: A quick comparison<\/h3>
<\/th>KOHO<\/th>Neo Financial<\/th><\/tr><\/thead>
Product Offerings<\/strong><\/td>
  • Hybrid chequing\/high-interest savings account<\/li>
  • Credit building<\/li>
  • Cash advances<\/li>
  • Lines of credit<\/li><\/ul><\/td>
  • Chequing account<\/li>
  • High-interest savings account<\/li>
  • Credit cards<\/li>
  • Credit building<\/li>
  • Investment portfolios<\/li>
  • Mortgages<\/li><\/ul><\/td><\/tr>
Account interest rates<\/strong><\/td>2.5% \u2013 4%<\/td>up to 3.00%<\/td><\/tr>
Monthly fees<\/strong><\/td>$0 \u2013 $14.75<\/td>$0<\/td><\/tr>
Purchase cards<\/strong><\/td>Prepaid card<\/td>Prepaid card<\/td><\/tr>
Cash access<\/strong><\/td>
No KOHO ATM fees, but the ATM operator may charge a withdrawal fee<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/td>
No Neo Financial ATM fees, but the ATM operator may charge a withdrawal fee<\/td><\/tr>
Branches<\/strong><\/td>N\/A (online only)<\/td>N\/A (online only)<\/td><\/tr>
CDIC insured?<\/strong><\/td>Yes (Earn Interest)<\/td>Yes (Everyday Account and Cash Account)<\/td><\/tr>
Apple App Store rating<\/strong><\/td>4.8\/5 based on 80,000+ ratings<\/td>4.8\/5 based on 51,000+ ratings<\/td><\/tr>
Google Play rating<\/strong><\/td>4.7\/5 based on 70,000+ ratings<\/td>4.5\/5 based on 14,000+ ratings<\/td><\/tr>
Notable differences<\/strong><\/td>
  • Combines a chequing and savings account in one<\/li>
  • International money transfers<\/li>
  • Multiple borrowing options<\/li><\/ul><\/td>
  • Separate chequing and savings accounts<\/li>
  • Credit cards<\/li>
  • Mobile cheque deposits<\/li><\/ul><\/td><\/tr>
Get started<\/strong><\/td>

KOHO Essential Plan:<\/p>

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KOHO Extra Plan:<\/p>

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KOHO Everything Plan:<\/p>

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\r\n \r\n Go to site\r\n <\/a>\r\n\r\n <\/div>\r\n <\/section>

\u00a0<\/p><\/td>

Neo Chequing Account:<\/p>

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\r\n \r\n Go to site\r\n <\/a>\r\n\r\n <\/div>\r\n <\/section>

Neo Savings Account:<\/p>