Features, Benefits and How it Works
Koho is a Canadian fintech company that offers a prepaid Visa card and mobile app designed to help users manage their finances with greater ease and transparency. Founded in 2014, Koho aims to simplify personal finance by providing tools and features typically associated with traditional banking, but with a modern, user-friendly twist.
Moreover, the Koho platform stands out for its emphasis on financial wellness and education. The app offers real-time transaction notifications, budgeting tools, and savings goals to help users track and manage their spending. One of its notable features is the round-up option, where transactions are rounded up to the nearest dollar, and the difference is automatically deposited into a savings account. This encourages users to save incrementally without having to make a conscious effort.
Additionally, Koho provides users with a free basic account that includes features such as no monthly fees, no foreign transaction fees, and no overdraft fees. For those seeking more advanced features, Koho offers a premium account called Koho Premium, which includes benefits like higher interest rates on savings, travel insurance, and exclusive offers.
Likewise, Koho’s approach also involves a commitment to customer support and community engagement. The company has built a reputation for responsive customer service and actively seeks user feedback to continuously improve its offerings. By focusing on financial education and providing a straightforward, accessible banking experience, Koho aims to empower users to make informed financial decisions and achieve their financial goals.
Go to Koho
Founded: 2014
Headquarters: Toronto, Ontario, Canada
Users: +1.5 million
Countries available: Canada
Account plans: 3 plan options for personal users
