KOHO Referral Code 2022: Get $20 Bonus & up to $1000 Referrals

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

Using the free KOHO prepaid Visa Card, you earn 0.50% cash back on all 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 a 1.20% high interest rate when they deposit their paycheque or other direct deposit (e.g. government benefits) in their account.

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 Visa Card.

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 Visa 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:

  • 0.50% cash back on all purchases.
  • 1.20% savings interest rate on your entire balance.
  • Access to Early Payroll – get $100 from your paycheque 3 days early
  • Up to 5% cash back at select stores
  • 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 Visa Cards are 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 2% 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 go bankrupt.


KOHO vs. Tangerine

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

Tangerine offers a large variety of 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 1.00%.


STACK is a financial technology company in Canada. It offers a prepaid Mastercard that waives foreign currency transaction fees and has no monthly fees.

You also earn a $5 sign up bonus when you load your new card with $300 or more. Learn more in this Stack Mastercard review.

KOHO vs. Mogo

Mogo is a fintech company based in Vancouver, Canada. It offers several financial products including Bitcoin trading, free credit scores, personal loans, identity fraud protection, and a prepaid card (MogoCard).

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.




Ways to Earn


Ease of Use


Customer support


Overall Value



  • 0.50%-2% cash back
  • High interest savings
  • Legit platform
  • Free budgeting app
  • $20 sign up bonus


  • Does not build credit

Enoch Omololu

Enoch Omololu is a personal finance expert who has a passion for helping others win with their finances. He has a master's degree in Finance and Investment Management from the University of Aberdeen Business School and has been writing about money management for over a decade. Enoch has been featured in several leading personal finance publications including MSN Money, The Globe and Mail, Wealthsimple, and the Financial Post.

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