KOHO Referral Code 2024: Use CASHBACK for $20 Bonus

Gravatar for DollarFinancials Team
Updated on

Dollar Financials is reader-supported. This means we may earn a commission if you click to sign-up or make a purchase.  Read our disclosure.

KOHO is easily one of the best cash back sites in Canada.

Using the free KOHO prepaid Mastercard, you earn 1% cash back on grocery purchases or up to 2% cash back when you upgrade to a premium account.

There is also a $20 cash bonus when you sign up for a new account using our KOHO referral code CASHBACK or link.

That’s not all. KOHO users earn interest on their entire balance.

KOHO $20 Referral Code

Here’s how KOHO’s referral sign-up bonus works:

  1. Create a new account here (exclusive link).
  2. Enter the CASHBACK referral code if required.
  3. You can view your virtual KOHO Card using the app, and KOHO also sends you a physical card to use in-store and at ATMs.
  4. Make a purchase using your card within 30 days of joining.
  5. A $20 cash bonus is credited to your account balance.

As a KOHO member, you can share your KOHO referral code or link with others. When they join, you both get a $20 bonus. You can earn up to $1,000 in referral bonuses.

What is KOHO?

KOHO is a cash back platform founded in 2017. It includes a budgeting app and reloadable prepaid Mastercard.

The financial technology company has the backing of big financial investors, including Portag3, Drive Capital, and Power Group.

Its cash back card is also powered by Mastercard and Peoples Trust. Learn more in this KOHO review.

Visit KOHO + $20 bonus

How Does KOHO Work?

A regular free KOHO account offers several benefits including:

  • Up to 5% cash back on purchases.
  • 3.00% to 5.00% savings interest rate on your entire balance.
  • Automatic savings plan.
  • Unlimited free Interac e-Transfers, withdrawals, and bill payments.
  • No monthly account fees.
  • Joint savings accounts
  • Free budgeting app.

Earning cash back is easy. Simply use your KOHO Card when making purchases online or in the store.

The KOHO Card is accepted at millions of locations where Mastercard is accepted.


The standard KOHO account is free and offers all the benefits listed above.

You don’t pay monthly account fees, NSF fees, e-Transfer fees, or interest charges.

Power users can upgrade to a KOHO Premium account and earn up to 1.5% cash back when they spend on transportation, groceries, and restaurant purchases.

In addition, KOHO Premium offers:

  • Free financial coaching
  • No foreign currency transaction fees
  • Price matching
  • 1 free international ATM withdrawal per month

KOHO Premium costs $84 per year (or $9/month).

Is KOHO Legit?

Yes, KOHO is a legit company. It is also safe as they keep your deposits with a Canada Deposit Insurance Corporation (CDIC)-member financial institution.

This partner bank, Peoples Trust, has been around since 1985.

CDIC-membership means your deposits are protected by up to $100,000 if KOHO or Peoples Trust Company goes bankrupt.


KOHO vs. Tangerine

Tangerine Bank is a popular bank in Canada. It is a subsidiary of a much bigger bank, Scotiabank.

Tangerine offers various financial products, including savings, chequing, mortgages, loans, and a cash back credit card.

Like KOHO, Tangerine offers free and unlimited Interac e-Transfers and bill payments.

However, its savings interest rate is much lower at 0.70%.

KOHO Referral Code FAQs

When do I get my KOHO referral bonus?

The $20 bonus is credited to your account when you make your first purchase using the card within 30 days.

Does KOHO affect my credit rating?

No, KOHO is not a credit card, and it does not affect your credit score.

What is a $20 KOHO Referral Code?

When you sign up using any of the links above, a $20 KOHO referral code is automatically added to your new account. You can also enter the CASHBACK referral code manually.

Is KOHO safe?

Yes, KOHO is a safe company, and users’ funds are protected by the CDIC.



Get paid to answer surveys, shop online, surf the internet, play games, and watch videos. Get a $10 welcome bonus.

Get a $10 sign-up bonus when you join and complete your first online purchase of $20 or more. Get paid to shop and more. (US/Can only).

Work as a proofreader from home and earn up to $40/hour. Get all you need to start your online proofreading business with a top-rated course!

No current offers for this category.

Gravatar for DollarFinancials Team

DollarFinancials Team

The DollarFinancials Team is a group of personal finance enthusiasts who have reviewed and tested hundreds of financial products and services, so you don’t have to. With over 15 years of combined experience and expertise in online side hustles, cash back apps, banking, and investing, our goal is to provide you with useful resources to help you achieve financial freedom.

Leave a Comment

Get a sign-up bonus when you join and get paid to complete short surveys.