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4.9/5
Our Rating
Best for: Cashback
KOHO Essential Plan
The KOHO Essential Account turns your everyday spending into a wealth-building tool by combining high-interest savings with instant cash back, without paying premium fees.
KOHO Essential Plan
4.9/5
Our Rating
The KOHO Essential Account turns your everyday spending into a wealth-building tool by combining high-interest savings with instant cash back, without paying premium fees.
Account Details
Offer Headline
N/A
Monthly Fee
$4
$0 with recurring monthly deposit of $1,000, either direct or manual
Our Rating
4.9/5
Account Type
Chequing
Account Category
Personal
Institution
KOHO
Interest Rates
Any dollar amount
2%
Fees
Account Fees
Monthly Fee
$4
Fee Waiver: Minimum Deposit
Full waiver
$0 with recurring monthly deposit of $1,000, either direct or manual
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Canadian ATMs
$3
USA
$3
International
$3
International & Currency
Foreign Currency Conversion
1.5%
Highlights
With the KOHO Essential Account, members receive:
- A free 30-trial
- 2% interest earned on their balance
- 1% unlimited cash back on groceries, transportation, food & drinks
- Up to 6.5% extra cash back at selected merchants
- Unlimited transactions
- Free instant e-transfers
- International money transfers to 190+ countries
- Free credit score monitoring