KOHOChequing
KOHO · Chequing
No monthly fee, 2% interest.
Monthly feeNone
Transactions includedNot published
Interest rate2%
Deposit insuranceInsured
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- None
- How the waiver works
- Plan page states $0/mo with a deposit requirement of at least $1,000/month or a direct paycheque
What is included
- Interac e-Transfers
- Included with no separate fee
Interest
- Posted rate
- 2%
- What the rate depends on
- No minimum balance; interest earned on every dollar, but only when you opt in to Earn Interest
Who can open it
- US dollar account
- No
Deposit protection
- Insured by
- CDIC (funds placed in trust with one or more CDIC member institutions; up to $100,000 per beneficiary, per member institution). KOHO accounts not earning interest are NOT CDIC eligible.
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.koho.ca
- Fees and terms
- Published fee schedule
Notes
KOHO is a prepaid Mastercard product described as 'like a chequing account', not a licensed bank account; 1% cashback on groceries, transportation, food and drinks.
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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.