If you’re looking to sign up for Koho and looking for a Koho referral code or link, this post is for you.
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.
Read on to learn how to get a $20 sign-up bonus when you sign up using this Koho referral code “8U4R8EZM”.
In addition, you’ll learn how you can earn up to $1,000 for referring your friends to the service.
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 (8U4R8EZM) when prompted for it.
To qualify for the bonus, simply complete at least one transaction using your physical Koho card or the virtual card.
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.
- Get your unique Koho referral link or Koho referral code from the app*
- Share the code with your friends and have them open a new Koho account using your code
- Follow up with them to make their first transaction within 30 days of sign up
- 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.
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 1.2% savings interest on your deposits and 0.5% 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.
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.
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.
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.
The Koho credit building product is an easy and quick way to start building or rebuilding your credit.
It costs $7 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 a competitive interest on it.
Benefits of Koho
According to Koho, the average user of the Koho prepaid Visa account spends 15% less and save $500 in the process.
In addition, here are some of the other benefits of Koho:
Competitive Interest: Earn a savings rate of 1.2% 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 pay day 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.
Is Koho Safe?
Koho is a startup that is funded and backed by strong and credible investors including National Bank of Canada, one of the big banks in Canada.
Your funds at Koho are help 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.
FAQs – Koho Referral Bonus
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.
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 “8U4R8EZM” to get a Koho referral bonus of $20 and start earning cash back on your purchases.
If you like this post about Koho $20 bonus, also check out the other apps below for more bonuses.
Koho Referral Code & Sign-up Bonus
The Koho app lets you earn cash back on your purchases while earning a competitive interest on your savings. Get $20 sign-up bonus by using this Koho referral code: 8U4R8EZM