Koho Referral Code 2024: Get $20 Bonus & Up to $1,000 for Referrals

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If you’re looking to sign up for Koho and looking for a Koho referral code or link, this post is for you.

When you sign up with this Koho referral code “WALLETBLISS” or link, you get a $20 welcome bonus after completing at least one transaction using your physical Koho card or the virtual card. Also, earn cashback with Prepaid Visa account.

Koho is a Canadian fintech that is building a “better banking alternative” through its suite of financial products that are intuitive with no hidden fees.

In addition, you’ll learn how you can earn up to $1,000 for referring your friends to the service.

Let’s start…

Koho Referral Code

New Koho users can earn a welcome bonus of $20 when they sign up using a referral link or enter a Koho referral code (WALLETBLISS) when prompted for it.

The requirement to get a Koho referral sign-up bonus are:

  • Create an account with Koho with this referral link
  • Enter Koho referral code (WALLETBLISS) if not there
  • Complete at least one transaction using your physical Koho card or the virtual card.
  • Receive your $20 welcome bonus

That’s all. It’s that simple!

Koho also lets you earn free cash through their rewards program. Learn how it works below.

How the Koho Referral Program works

To earn extra cash with the Koho refer and earn program, simply follow the simple steps below.

  1. Get your unique Koho referral link or Koho referral code from the app*
  2. Share the code with your friends and have them open a new Koho account using your code
  3. Follow up with them to make their first transaction within 30 days of sign up
  4. The bonus of $20 is paid to both of you.

You’re allowed to refer up to 50 friends for a total bonus of $1,000.

*Click on the gift icon at top right side of the app to get your Koho referral code or link.

Alternatively, you can click on Perks on the bottom right side of the app to reveal your unique code.

Related: KOHO Review

Koho Products

The Koho app is a full-fledged platform that lets you manage many areas of your finances.

Whether you’re looking for a prepaid card, competitive interest or credit builder tool, Koho has you covered through one of the products below:

Spending & Savings account

Earn up to 5.00% savings interest on your deposits and up to 2% cash back on all purchases through the free Koho account.

There are no monthly fees or minimum balances. Plus you get free unlimited e-transfers from the accounts.

The Koho Card will be sent to you a few days after you sign up.

Koho Premium

For $9/month or $84/annum, you’ll earn 2% cash back on 3 spending categories: Groceries, eating & drinking, and Transportation.

A 0.5% cash back applies on all other categories.

You’ll also get the vertical premium Koho Visa card to save on FX fees and get one free international ATM withdrawal each month.

Update: KOHO now has four accounts highlighted in the following screenshots:

Related: KOHO Prepaid Card Review

Early Payroll

You can get access to $100 of your paycheque up to 3 days earlier. Or pay $5 if you want immediate access earlier in your pay cycle.

The amount will be automatically deducted from your paycheque when it arrives.


Koho has partnered with several partners including popular brands like Reebok, Pizza Pizza, Altitude Sports, Frank and Oak, Rakuten Kobo and many more.

By shopping at any of the participating partners, you’ll get extra cash back that is automatically added to your account in 1-2 business days.

Metal Card

Fancy yourself owning a metal card without high annual fees? Koho lets you get one for a one-time fee of just $159.

The fee drops to only $50 if you’ve referred at least 2 users to Koho. Note that the Koho metal card is available for a limited time only.

KOHO Credit Building

The Koho credit building product is an easy and quick way to start building or rebuilding your credit.

It costs $10 per month to use, and the monthly subscription is reported to one of the credit bureaus so your credit score will be positively impacted.

According to Koho, you should see an improvement in your credit score within 6 months.

Unfortunately, the service is currently unavailable to Saskatchewan residents.

Koho also has some other cool features like:

  • RoundUps: that rounds up your purchases to the nearest dollar and saves it for you. You can cash out the money anytime
  • Vault: to lock away any money you don’t want to spend while earning competitive interest on it.

Related: KOHO Credit Building Review

Benefits of Koho

According to Koho, the average user of the Koho prepaid Visa account spends 15% less and saves $500 in the process.

In addition, here are some of the other benefits of Koho:

Competitive Interest: Earn a savings rate of up to 5% on your deposits with Koho. And even better, your funds are insured through CDIC.

Zero monthly fees: There are no account maintenance fees for the basic account. No NSF or e-transfer fees too.

Transparent pricing: There are no hidden fees so you know exactly what you’re going to pay for any of their services.

Build your credit: Start building or rebuilding your credit for just $7 per month. Getting started is very simple.

Cash-back on purchases: Earn 0.5% cash back on all your purchases and up to 2% with Koho premium.

Financial Insights: Easily budget and track your spending, plus access to free financial coaching

Early access to paycheque: Get $100 3 days before your next payday for free. Simply set up direct deposit of direct deposit to get started.

Attractive rewards program: earn up to $1,000 by referring your friends to Koho. Both parties get $20.

Koho referral code for new users

Is Koho Safe?

Koho is a startup that is funded and backed by strong and credible investors including the National Bank of Canada, one of the big banks in Canada.

Your funds at Koho are held at a CDIC-member institution. That means your deposits are protected and covered through CDIC deposit insurance for up to $100,000.

Also, Koho has partnered with established financial institutions.

For example, the Koho Visa Prepaid is provided through Peoples Trust Company, a CDIC member institution, and Visa.

Read more: CDIC : Understanding How Deposit Insurance Works In Canada

FAQs – Koho Referral Bonus

How does the Koho $20 bonus work?

Sign up using a referral link and make at least one purchase within 30 days. The $20 bonus will be automatically added to your spending account on the app.

Is there a cap on how much I can earn with the Koho referral program?

You can invite your friends to earn up to a maximum of $1,000 in Koho referral bonuses.

Final Thoughts: Koho Referral Code

The Koho app is more than a cash back app. It offers a smart way to save, spend and budget your money without the high fees.

Get started by using this Koho referral code “WALLETBLISS” to get a Koho referral bonus of $20 and start earning cash back on your purchases.

If you like this post about Koho’s $20 bonus, also check out the other apps below for more bonuses.

Related Posts:

Koho Referral Code & Sign-up Bonus


Get Koho $20 sign-up bonus by using this referral code: WALLETBLISS. The Koho app lets you earn cash back on your purchases while earning competitive interest on your savings. 

Simon is a CPA by day and a Personal Finance Blogger by night. With over a decade experience in financial services, he's passionate about personal finance, investing and helping people take control of their financial life.

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