{"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":"2026-11-02T14:38:54","modified_gmt":"2026-11-02T19:38:54","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 Canadian fintechs that offer a range of ways to save, spend and earn cashback. 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: An overview<\/h3>
<\/th>KOHO<\/th>Neo Financial<\/th><\/tr><\/thead>
Product Offerings<\/strong><\/td>
  • Hybrid chequing\/high-interest savings account<\/li>
  • Joint account<\/li>
  • Credit building tools<\/li>
  • Cash advance<\/li>
  • Line of credit<\/li>
  • Free credit score<\/li>
  • Pay Later plan<\/li>
  • Crypto trading<\/li>
  • International money transfers<\/li>
  • Travel insurance and eSIMs<\/li><\/ul><\/td>
  • Chequing account<\/li>
  • Joint account<\/li>
  • High-interest savings account<\/li>
  • Credit cards<\/li>
  • Credit building<\/li>
  • Investment portfolios<\/li>
  • Mortgages<\/li>
  • Cash advance<\/li><\/ul><\/td><\/tr>
Account interest rates<\/strong><\/td>
  • KOHO Core:<\/strong> 2%<\/li>
  • KOHO Extra:<\/strong> 2.50%<\/li>
  • KOHO Everything:<\/strong> 3.50%<\/li><\/ul><\/td>
  • Neo Chequing account:<\/strong> 0%<\/li>
  • Neo Savings account:<\/strong> 2.25% - 3.00%<\/li><\/ul><\/td><\/tr>
Purchase cards<\/strong><\/td>Prepaid card<\/td>Prepaid card<\/td><\/tr>
Branches<\/strong><\/td>N\/A (online only)<\/td>N\/A (online only)<\/td><\/tr>
CDIC insured?<\/strong><\/td>Yes, eligible interest-earning balances are CDIC-protected through partner institutions.<\/td>Yes, eligible deposits are CDIC-protected through partner institutions.<\/td><\/tr>
Apple App Store rating<\/strong><\/td>4.8\/5 based on 91K ratings<\/td>4.8\/5 based on 56K ratings<\/td><\/tr>
Google Play Store rating<\/strong><\/td>4.4\/5 based on 75.7K ratings<\/td>4.8\/5 based on 21.5K ratings<\/td><\/tr>
Notable differences<\/strong><\/td>
  • Combines a chequing and savings account in one<\/li>
  • International money transfers<\/li><\/ul><\/td>
  • Credit cards<\/li>
  • Mobile cheque deposits<\/li><\/ul><\/td><\/tr>
Get started<\/strong><\/td>

KOHO Extra Plan:<\/p>

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

KOHO Everything Plan:<\/p>

\r\n
\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>

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

Neo Savings Account:<\/p>