KOHO Referral Code: Get a $40 Sign-Up Bonus
Use referral code KOHOBONUS40 to sign up for KOHO and get a $40 cash bonus after your first purchase over $20. No monthly fees, no minimum balance.
Sign up with code KOHOBONUS40 and make your first purchase with your KOHO card.
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How to Use the KOHO Referral Code
Getting your $40 bonus takes less than 10 minutes.
Click Get Started
Use the Get Started button on this page, or enter code KOHOBONUS40 manually during sign-up. The $40 referral bonus is applied to your account automatically.
Set up your account
Create your KOHO account in minutes with your email and basic personal information. No credit check, no branch visit, and no minimum deposit required.
Make your first purchase
Add your virtual KOHO Visa to Apple Pay or Google Pay and make any purchase. Your $40 bonus is credited to your account automatically.
KOHO Referral Code Terms and Requirements
What you need to do and what to check before you sign up
Bonus
$40
Referral code
KOHOBONUS40
What you need to do
Make a first purchase of $20 or more with your KOHO card
When it arrives
Credited automatically after your first qualifying purchase
- New Canadian residents who haven't previously held a KOHO account are eligible.
- Make your first purchase of $20 or more with your KOHO card and the $40 bonus is credited automatically.
- Your virtual KOHO card is available the moment your account is set up - no waiting for the physical card.
- The bonus is issued as KOHO cash, which spends just like real money anywhere Visa is accepted.
- The base KOHO plan is free forever - there's no monthly fee to worry about.
- Bonus amounts can change with new promotions, so it's worth signing up sooner rather than later.
KOHO Referral Code FAQ
Common questions about the KOHO referral code and bonus.
What is the KOHO referral code for 2026?
The current KOHO referral code is KOHOBONUS40. Enter it during sign-up or use the Get Started button to have it applied automatically. Make your first purchase over $20 with your KOHO card to receive the $40 cash bonus.
How do I get the $40 KOHO referral bonus?
Enter referral code KOHOBONUS40 during sign-up, or click the Get Started button on this page to have it applied automatically. Once your account is open and you make your first purchase with your KOHO card over $20, the $40 cash bonus will be credited to your account.
Is KOHO a bank account?
KOHO is a financial technology company, not a bank. Your KOHO balance is held in trust at Peoples Bank of Canada, a CDIC member institution. This means your funds are eligible for up to $100,000 in deposit protection per category.
Are there any monthly fees?
The base KOHO account has no monthly fees. KOHO offers optional paid plans (Essential, Extra, and Everything) that unlock higher cashback rates, credit building, and other perks for a monthly fee.
Does KOHO do a credit check?
No, opening a KOHO account does not require a credit check. The KOHO Prepaid Visa is a prepaid card, not a credit card, so it is available to anyone regardless of credit history.
How does KOHO Credit Building work?
KOHO's credit building feature charges a small monthly fee and reports positive payment history to Equifax on your behalf. Over time, this can help raise your credit score without a hard inquiry or the risk of carrying credit card debt.
Can I earn interest on my KOHO balance?
Yes, KOHO pays up to 3.5% interest on your entire balance depending on your plan. Interest is calculated daily and paid out monthly, with no minimum balance required.
How do I get a virtual card with KOHO?
Your virtual KOHO Visa card is available immediately after account setup in the app. You can add it to Apple Pay or Google Pay and start spending and earning cashback right away, before your physical card arrives.
What is KOHO Instant Pay?
Instant Pay lets you access up to $100 of your next paycheck early at no cost. If you need a larger advance, KOHO Cover provides up to $250 for a small monthly subscription fee, with no interest charged.
Does the KOHO referral bonus have an expiry?
Yes, you must make your first qualifying purchase after opening your account for the $40 bonus to be triggered. Sign up and use your virtual KOHO card promptly to make sure the reward is credited.
What if I forgot to enter the KOHO referral code when I signed up?
Contact KOHO support through the app as soon as you can. Depending on your account status, they may be able to apply the code manually, but the window is short, so don't wait.
Can I use KOHO as my main bank account?
Many people do. KOHO supports direct deposit, bill payments, e-Transfers and Apple Pay or Google Pay. The main gap compared to a bank is that it doesn't offer a credit card, line of credit or mortgage.
Is the KOHO Referral Code Worth It?
Last reviewed: October 2026 · Independent review of the offer
Overall Referral Offer Rating
The KOHO referral code KOHOBONUS40 pays $40 after a single purchase of $20 or more, which makes it one of the larger and easier bonuses in its category. The no-fee card, the cashback on groceries and transport, and the credit building tool give you reasons to keep it afterward.
Worth it if you want a no-fee everyday card with cashback.
Skip it if you need a savings or investing platform as your main account.
Our verdict: Use code KOHOBONUS40 to claim your $40 bonus.
How Claiming the KOHO Bonus Went
Our editor's first-hand experience with the offer and the product
I signed up with a referral code, and the bonus showed up quickly and without complications. That matches what readers have told me too.
I started using KOHO as a test - I wanted to see whether the cashback on a no-fee card was meaningful in real life or just marketing. After three months of using it for groceries, transit, and subscriptions, I was averaging around $15–20 per month in returns. That's consistent, and the card costs nothing to hold.
The Credit Building add-on is the feature I recommend most to people who need it. A family member used it for six months and saw a noticeable improvement in their Equifax score without taking on any real debt. For new Canadians or anyone rebuilding their credit profile, it's one of the most accessible tools available.
The honest limitation is that KOHO is a spending account, not a savings or investing platform. Once you have meaningful savings beyond your monthly float, you'll still need a TFSA and a brokerage. But as a primary everyday card with cashback, interest on your balance, and no monthly fee, nothing I've tested at zero cost comes close.
Want to know more about KOHO?
Our full KOHO review covers the products, key features, ratings and who the account suits best.
Read the KOHO reviewReady to claim your $40 bonus?
Sign up to KOHO today and use code KOHOBONUS40 to get your referral bonus.
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