What the Critics Are Saying...
- Enoch Omololu, SAVVY New CanadiansWhether you decide to sign up for a Free, Essential, or Premium KOHO account, you are likely going to save some money when you use KOHO. The data shows that an average KOHO user reduces their spending by 15% and saves close to $500 within 3 weeks of signing up. That makes sense to me, first, because...
- Claire Horwood, FinderThe KOHO Premium Prepaid Card is a hybrid debit and credit card that lets you spend money from your account. It offers 2% cash back on groceries, transport, eating and drinking, and 0.5% cash back on all other purchases, along with a number of other benefits like no foreign transaction fees, financi...
- Rewards CanadaThe Koho Premium Prepaid Mastercard is definitely a competitive player in the prepaid or even secured credit market albeit not being a true credit card. It's most direct competitor is the Stack Mastercard which doesn't have cash back rewards rather they offer discounts at various merchants. There in...
- Mohamed Konate, My Rate CompassThe Regular plan is free of charge. However, it takes around $2-$3 for foreign ATM withdrawals and another 1.5% for exchange rate. You have a daily transaction limit of 15 and an account balance limit of $20k. You can withdraw $600 per day from the ATM, but you get no price matching or free financia...
Details
| Overview | |
|---|---|
| Card Price |
$0.00 |
| Activation Fee | $0.00 |
| Card Maintenance Fee | $9.00 per month |
| Minimum Load Amount | $1.00 |
| Maximum Load Amount | $20,000.00 |
| Max Balance | $50,000.00 |
| Transaction Fees | |
| Add Money | |
|
Direct Deposit
|
$0.00 |
|
Cash Loads
|
$0.00 |
|
Card to card transfer
|
$0.00 |
| Spend Money | |
|
Purchase Fee
|
$0.00 |
|
Bill Payment
|
$0.00 |
|
Foreign Transaction Fee
|
$0.00 |
| Get Cash | |
|
ATM withdrawal fee (Domestic) - In Network
|
$0.00 Additional fees may be charged by the ATM operator |
|
ATM withdrawal fee (Domestic) - Out of Network
|
$0.00 Additional fees may be charged by the ATM operator |
|
ATM withdrawal fee (International)
|
$0.00 For Premium Cardholders, Koho will cover any international ATM fee for the first ATM withdrawal on a thirty (30) day rolling basis |
|
Over-the-counter cash withdrawal (Domestic)
|
Unknown |
|
Over-the-counter cash withdrawal (International)
|
Unknown |
| Other | |
|
Balance Inquiry (at ATM)
|
$0.00 |
|
Inactivity
|
$1.00 This monthly fee is applied to accounts that have been open for 13 months and inactive for 6 months. |
|
Card replacement
|
$0.00 |
|
Card Replacement and Express Delivery Fee
|
Unknown |
|
Monthly Paper Statements
|
Unknown |
|
Custom Card Fee OR Customization
|
Unknown |
| Promotions | |
| Sign up bonus | - |
| Rewards |
|
| Features & Benefits | |
| Additional Card Holders | No |
| Funds Don't Expire | Yes |
| Supported Currencies | CAD |
| Zero Liability | Yes |
| Fraud Protection | Yes |
| Custom Design | No |
| Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
| Virtual Cards | Yes |
| Additional Benefits |
|
| Eligibility | |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Temporary Residents | Yes |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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