HomeKOHO: Award-winning Money App
KOHO: Award-winning Money App

KOHO: Award-winning Money App

Everyone
Rating
Unknown
Version
1M+
Installs
4.70
14 + Reviews
1
5%
2
0%
3
2%
4
7%
5
85%

Review By AppsWm

KOHO: Award-winning Money AppKOHO: Award-winning Money AppKOHO: Award-winning Money AppKOHO: Award-winning Money App

Efficiency Gains

The application offers several features designed to streamline personal finance management, resulting in noticeable efficiency gains for users.

  • Automated Savings: The app's round-up feature automates savings, making it effortless to save small amounts regularly.
  • Real-time Tracking: Users can track their spending in real-time, providing immediate insights into their financial habits.

Time-Saving Features

Several key features contribute to saving time and simplifying financial tasks.

Instant Notifications

Immediate notifications for transactions help users stay on top of their finances without constantly checking the app.

  1. Budgeting Tools: Customizable budgeting tools allow users to quickly set and monitor budgets.
  2. Direct Deposit: Option to direct deposit paychecks helps reduce manual transfers and potential delays.

Workflow Improvements

The app integrates multiple financial tools into a single platform, improving workflow.

Advantages
  • Consolidated financial view
  • Simplified budgeting process
Disadvantages
  • Potential learning curve for new users
  • Reliance on app availability

Productivity Tools

The app offers a range of productivity tools that enhance financial management.

Expense Categorization

Automated expense categorization simplifies tracking and analysis.

Goal Setting

Enables users to set financial goals and track progress towards them.

Process Optimization

The app optimizes various financial processes by automating tasks and providing clear insights.

Process Optimization
Budgeting Automated tracking and alerts
Savings Round-up feature for effortless savings
Overall Efficiency Value

The app provides substantial efficiency value by streamlining financial management, automating savings, and offering real-time insights. Users can expect to save time and improve their financial habits with consistent use.

Description

KOHO is a modern financial management app that offers Canadians a smarter way to handle their money. With over 1 million users, KOHO provides a full-service spending and savings account with no hidden fees. The app offers instant cash back on essential purchases and even pays interest on the entire account balance. KOHO aims to make budgeting hassle-free and provides a user-friendly experience with its reloadable prepaid Mastercard. KOHO offers personalized plans to cater to different financial needs. Users can choose from four different plans - Easy, Essential, Extra, and Everything - to suit their spending and saving preferences. These plans offer various benefits such as boosted cash back rewards, credit building opportunities, and higher interest rates. Whether you want to earn more cash back or save more, KOHO has a plan for everyone. One of the key advantages of using KOHO is the elimination of unnecessary fees. Users no longer have to worry about charges for e-Transfers, ATM withdrawals, or hidden fees. KOHO aims to save users money by providing a transparent and fee-free banking experience. Additionally, KOHO offers a Credit Building program that helps users improve their credit history with minimal effort. By securing a line of credit and making timely repayments, users can watch their credit history flourish. KOHO stands out from traditional banks by offering competitive interest rates on both spending and savings accounts. Users can earn up to 4.25% interest on their entire account balance, without any fees, minimum balances, or promotional rates. This feature sets KOHO apart and provides users with the opportunity to grow their savings effortlessly. Signing up for KOHO is quick and easy, with users receiving a virtual card instantly. The app allows users to pay bills, send Interac e-Transfers, set savings goals, and receive support from the KOHO team. Additionally, users can refer friends to KOHO and earn $20 for each successful referral. With KOHO's partnership with Mastercard, users can have peace of mind knowing that their money is held securely, and they are protected by the Zero Liability policy for unauthorized use.

Summary Of User Reviews

Alby LC
Alby LC
November 12, 2024
I have been using KOHO since 2017 and it never did me wrong. The app got easier and got more features as the years went by. Easy to spend money, control it and save it in the process. I reached out to the customer service a couple of years ago and the lady was super helpful. (Edit) However, they've recently cut some of the features that made koho so great, specifically the way you could save money basically pushing you towards the subscription standards, which is a real shame.
Emily “Emi Sara” Harrison
Emily “Emi Sara” Harrison
October 21, 2024
Easy to use app, fantastic customer support and super fast credit building! Not a fan of the new look.. Too bold and aggressive. As a long time client, witnessing all the changes over the years, I would prefer to have the freedom to choose the colour and style of my app, especially if the application will continue to see big alterations in regards to the layout. Will continue my business with Koho as they continue to provide excellent services.
Dana Gross
Dana Gross
February 28, 2026
it's genuinely the worst banking app I've ever used in my life. features simply don't work as their supposed to. the save up with wvery purchase can be adjusted to round your purchase up by one or 2 dollars, you can turn it on and it simply just won't do it. the goal save up feature changes the settings on a whim and hallucinates dates that it then forces you to try to stick to. the app doesn't show the left over balance after ever transaction, which is a little shady and not transparent at all