Institution profile · Fintech — not a bank
KOHO
ActiveKOHO Financial Inc.Via partner institutions
KOHO is a fintech registered with FINTRAC as a money services business. Customer funds are held with Peoples Trust; CDIC coverage applies to eligible funds only after opting in to Earn Interest, according to KOHO.
Profile facts checked October 30, 2026
KOHO filed notice in January 2024 that it intended to apply for a bank charter (“KOHO Bank”). No approval appeared in the Canada Gazette through October 24, 2026.
At a glance
- Legal name
- KOHO Financial Inc.
- Type
- Fintech — not a bank
- Head office
- Toronto, ON
- Regulator
- Registered with FINTRAC as a money services business; not a bank
- Best posted savings rate
- 0.5% on $10,000 (KOHO High Interest Savings (non-member))
- Website
- www.koho.ca
Deposit protection
KOHO is not a bank or CDIC member. It names Peoples Trust as the institution holding customer funds; KOHO says up to $100,000 of eligible funds can be CDIC-protected once a customer opts in to its Earn Interest feature.
KOHO savings accounts and posted rates
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| KOHO High Interest Savings (non-member) | 0.5% | No monthly fee |
Facts, with sources
- Regulated as a money services business by FINTRAC; the KOHO prepaid Mastercard is issued by KOHO Financial Inc.Source: koho.ca
- Customer funds are held with Peoples Trust.Source: koho.ca
- Published a Bank Act notice in January 2024 of its intent to apply for letters patent for “KOHO Bank”.Source: gazette.gc.ca
This company isn’t a bank. Before moving money, read its current disclosure on which institution holds your funds — and check that institution on the CDIC list.
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