The Difference Between Broke Versus Poor

“I’m so broke/poor”. Many of us, especially in our college years or in our 20s, have been guilty of jokingly saying this — especially when money was tight. In social situations, it can be easy to say you’re either “broke” or “poor” and use these terms interchangeably, but it is important to understand the difference between these terms to avoid …

How to Start an Emergency Fund 😷

Saving up for the future can be quite daunting for many of us who are on the road to repaying our debts. According to a new survey by the Canadian Payroll Association, “nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels” (Globe and Mail, 2017). The reality is, that it has become far …

Understanding Your Expenses with Koho Insights 💸

Here at Koho, it is our sincere mission to help more Canadians take control of their personal finances. Whether you’re looking to rebuild your credit score or save up for an upcoming goal, we wanted to make it easy for you to know exactly where your money is going. Unlike a traditional credit card where you see your specific transactions …

Koho Raises $8 Million From Portag3 Ventures

Since day one, our mission at Koho was to help Canadians take control of their personal finances and bring more transparency to the Canadian financial sector. Though the journey hasn’t been always been easy, it’s through the support of people who believe in our company and our team who make it all worth it. Last week, we were thrilled to …

How to Rebuild Your Credit Score with Koho 🚧

One of the most common questions we get from prospective members here at Koho (other than “What is Koho?”), is whether opening a Koho account will affect their credit score or not. For starters, no, opening a Koho account will not affect your credit score. However, as a financial services company, we are required to verify your identity and confirm …

Introducing Koho’s Chip & PIN Cards! 🎉

Since launching across Canada in March, we’ve received an overwhelming request from our Koho community for chip cards. Well friends, the wait is finally over… we’re excited to announce that we’ve just shipped the first batch of our brand new Koho Chip and PIN cards today! To all our existing members, keep an eye out for an email from us …

How to Refer Your Friends to Koho and Earn Referral Bonuses! 😎

You might’ve noticed that we recently introduced Koho’s first referral program. Now, you can refer up to a maximum of 10 friends and earn $500 in referral bonuses. It’s something many of you were doing anyway, now we just want to reward you for it! Oh, and there’s something in it for your friends as well… For each friend you …

Setting Up a Direct Load with Koho 💰

The easiest way to keep your Koho account funded is using our Direct Load option. Did you know you can have a percentage of your paycheque loaded automatically into your Koho account (and have it immediately available for use)? By setting up a Direct Load, you’ll never have to remember when to fund your Koho account. Here are a few …

How Secure is Koho? 🔒

At Koho, we take the safety and security of your funds on your Koho account very seriously. While Koho is not a traditional financial institution, we follow the same procedures required by the Canadian government to ensure that all our customers are protected against money laundering and terrorist financing. As transparency is one of our core values here at Koho, …

How to Use Your Koho Card

Now that you’ve added funds on your Koho account, your brand new Koho Visa card is on its way. But once you receive your card, what’s next? You can use your new Koho card for your daily coffee, buy something off of Amazon, or book a flight to Santorini – the possibilities are endless. After you’ve signed up and added funds to …