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Lunar New Year is here and KOHO is celebrating by offering a new promotion to give you $20. 

Any new users who sign up for an account will be eligible for the $20 CAD credit. To receive the $20 in your KOHO account, new users must sign up using the Lunar New Year promo code: LUNAR (users will be instructed to type on the code). You’ll also need to use your KOHO card to make your first purchase within 30-days of signing up for the account. 

You’ll receive the $20 bonus in your KOHO account after you’ve met these conditions. This promotion ends Feb 13, 2022, so apply now to take advantage of the Lunar New Year promotion. 

What Is A KOHO Account?

The KOHO account is a reloadable prepaid visa card that functions as a full-service account. It acts as a hybrid between a debit and a credit card as it allows you to both earn interest on your balance and up to 5% cash back on eligible purchases. The prepaid visa paired with the KOHO mobile app helps you to spend, save, and budget smartly.

Simply fund your account after opening it and gain access to different financial features.  

KOHO Account Features

  • KOHO Save – Earn saving interests on the KOHO account balance with no monthly fee!
  • Instant Pay – Need some extra cash quickly, cash out up to 50% of your next paycheque without any fees.
  • Credit Building – You can subscribe to KOHO’s Credit Building Program for a small monthly fee. It can help you improve your credit in as little as 6 months.  
  • Premium Account – Get 2% cashback on transportation, groceries, and restaurants and get 0.5% cash back on everything else when you upgrade to the KOHO Premium account. If you shop with KOHO partners you earn earn up to 6% cash back.
  • Price Matching – The KOHO Premium account offers price matching, so that you get the best price. Send in your receipts and they’ll automatically scan for price drops. Any difference in prce will be credited to your KOHO account. 
  • No FX Fee – If you upgrade to the KOHO Premium account, it has zero FX fees.

About KOHO

KOHO is a Canadian financial technology company that is headquartered in Toronto. They were first founded in 2014. Their mission is to provide financial solutions that can help Canadians better save and spend their money.

Priyanka Correia, BComm avatar on Loans Canada
Priyanka Correia, BComm

Priyanka Correia is a Marketing Coordinator and personal finance expert at Loans Canada. Priyanka completed her Bachelor's degree in Marketing at Concordia University and has published work that has been mentioned in various news media. She is passionate about money management and educating Canadian consumers about how to take control of their financial lives.

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