What are the KOHO plans and pricing?

KOHO uses a tiered pricing model, so the main difference between plans is how much you pay each month and how many perks you get in return. In most cases, you’ll see three core options: a free entry-level plan, a mid-tier paid plan, and a premium paid plan. The best choice depends on how often you use KOHO, how much you spend, and whether the rewards outweigh the monthly fee.

KOHO plans and pricing at a glance

KOHO’s pricing is generally straightforward:

Plan	Typical price	Best for	Main value
Essential	$0/month	People who want a no-fee option	Basic spending and money management tools
Extra	About $9/month	Regular users who want more rewards	Better cash-back and added perks
Everything	About $19/month	Heavy users who want maximum benefits	Highest reward tier and premium features

Note: KOHO pricing and included features can change over time. Always check KOHO’s website or app for the latest rates before signing up.

What each KOHO plan includes

Essential plan

The Essential plan is KOHO’s free option. It’s a good starting point if you want to try the platform without committing to a monthly subscription.

Typical benefits include:

• No monthly fee
• KOHO spending account access
• Spending and budgeting tools
• A prepaid KOHO Mastercard
• Basic savings features

This plan is usually the best fit if you want simple everyday spending tools and don’t need a lot of extras.

Extra plan

Extra is the mid-tier KOHO plan. It’s designed for people who use their card more often and want better rewards than the free plan provides.

Typical benefits include:

• Monthly subscription fee of about $9
• Higher cash-back potential than Essential
• Additional premium perks
• More value for frequent card use

If you make a lot of everyday purchases and can regularly earn rewards, Extra may be worth the cost.

Everything plan

Everything is KOHO’s premium tier. It costs more, but it usually offers the strongest rewards and the most benefits.

Typical benefits include:

• Monthly subscription fee of about $19
• Highest cash-back potential
• Premium account features
• Best option for people who use KOHO as a primary spending tool

This plan tends to make sense for users who spend enough each month to offset the higher fee through rewards and perks.

Which KOHO plan should you choose?

The right KOHO plan depends on your spending habits.

Choose Essential if:

• You want a free account
• You’re new to KOHO
• You only use the card occasionally
• You care more about budgeting tools than rewards

Choose Extra if:

• You use your card regularly
• You want more cash back and perks
• You think the monthly fee is manageable
• You want a middle ground between free and premium

Choose Everything if:

• KOHO is your main spending account
• You spend enough each month to justify the fee
• You want the most rewards available
• You’ll actively use the premium features

A good rule of thumb: if the extra rewards and features don’t save or earn you more than the monthly fee, the lower-tier plan is usually the smarter choice.

Other KOHO fees to keep in mind

Monthly plan fees are the biggest pricing difference, but they’re not the only costs you may see. Depending on how you use the account, there may also be:

• Transaction-related fees
• ATM or cash withdrawal fees
• Card replacement fees
• Optional service charges
• Foreign currency or cross-border fees, depending on the plan and transaction type

Before signing up, it’s a good idea to review KOHO’s full fee schedule so you know what could apply in real-world use.

Is KOHO worth the price?

KOHO can be worth it if you:

• Want a modern, app-based money management tool
• Like earning cash back on everyday purchases
• Want help budgeting and tracking spending
• Prefer a prepaid-style spending account over a traditional bank setup

It may be less appealing if:

• You rarely use your card
• You won’t use the rewards enough to cover the fee
• You only want a basic no-cost account and don’t need extra features

In other words, KOHO’s value depends on how actively you use it. The free plan is low risk, while the paid plans make the most sense for frequent users.

Quick answer

KOHO typically offers three main plans:

• Essential: free
• Extra: about $9/month
• Everything: about $19/month

The free plan is best for casual users, while the paid plans are better for people who want more rewards and premium features.

FAQ

Is KOHO free?

Yes, KOHO’s Essential plan is typically free. Paid plans cost extra each month.

Does KOHO charge monthly fees?

Only on the paid tiers. Essential is usually $0/month, while Extra and Everything have monthly subscription fees.

Can you switch KOHO plans later?

In most cases, yes. You can usually upgrade or downgrade based on your needs, but the exact process and timing depend on KOHO’s current policy.

Is the most expensive plan always the best?

Not necessarily. The best plan is the one that gives you more value than it costs. For many users, the free or mid-tier plan is enough.

If you want, I can also turn this into a comparison table with KOHO features side by side, or write a “KOHO vs Wealthsimple Cash” article next.