KOHO is a neobank that offers high cash back rates on your purchases and access to a high-interest savings account without monthly fees.
When you sign up for an account using our KOHO referral code CASHBACK or link, you get a $20 sign-up bonus.
Not only that, but you can share your KOHO invite code with friends, and when they join, you could earn up to $1,000 in referral rewards.
Read on to learn about how the KOHO app works and the best referral code for 2025.
KOHO Referral Code
KOHO’s referral program gives you a $20 bonus when you join using a valid referral code (CASHBACK) or link.
After joining with the promo code or link above, you will need to add funds to your account and make at least one purchase within 30 days.
A $20 cash bonus is credited to your account, and you can use the money to buy whatever you want.
How To Sign Up For KOHO with Referral Code
To take advantage of this offer, follow these steps:
1. Visit the KOHO website and click on the “Open Account” button.
2. Enter your email address and password and click on “Sign-up.”
3. Provide some details about yourself, including your name and date of birth.
4. Provide a phone number and address.
5. Provide your occupation and what you plan to use KOHO for.
6. Finalize your application by entering the “CASHBACK” KOHO referral code. If you clicked on the referral link provided above, the referral code might already be applied.
Add funds to your account using Interac e-Transfer (any amount works), and you will get a $20 welcome bonus.
What is KOHO?
KOHO is a free spending saving and spending account for Canadians.
Users get a mobile app that’s great for budgeting and a prepaid Mastercard that offers up to 5% cash back on purchases.
In addition to cash back, a KOHO account includes:
- Access to early payroll
- Savings interest on your balance
- Access to a credit-building program and more
Learn more about what the company offers in our KOHO review.
KOHO Refer-A-Friend Program
Through KOHO’s referral program, you can invite your friends and family to join and earn extra rewards.
Simply share your referral code or link with friends, and when they sign up and make their first purchase, you will both earn a $20 bonus.
You can receive up to $1,000 in referral bonuses (i.e. 50 friends) through the KOHO refer a friend promotion.
Is KOHO Free?
Is KOHO really free? Yes, a regular KOHO account is 100% free, and you don’t pay monthly fees to earn cash back or interest on your balance.
If you opt for a KOHO premium account, a $9 monthly fee applies, or you can pay an $84 annual fee and save a bit.
A premium account includes extra perks such as:
- At least 2% unlimited cash back on everyday essentials like groceries, eating and drinking, gas, and public transit
- No foreign currency conversion fees when you spend abroad
- Free financial coaching
- Priority support and more
KOHO Premium includes a 30-day free trial. And you can convert your account to a regular one at any time.
Lastly, if you subscribe to the credit building program, a $7 monthly fee applies.
Is KOHO Safe and Legit?
Yes, KOHO is a safe and legitimate financial technology company. It has a partnership with Peoples Trust Company and is backed by several established investors like Drive Capital, BDC, and TTV Capital.
On the App Store, the KOHO app has a 4.8/5 rating, while it is rated 4.6/5 on the Google Play Store.
Lastly, your money is safe with KOHO, and it is insured by the Canada Deposit Insurance Corporation (CDIC) for up to $100,000.
Learn more about how KOHO Referral Codes work.
FAQs
How do I get $20 from KOHO?
Sign up using the “CASHBACK” referral code and make at least one purchase within 30 days of joining.
Where do I enter the KOHO code?
You should enter a valid KOHO referral code “CASHBACK” during sign-up in the box that says “Add a Referral Code.”
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