Koho Review After 3 Years | Is Koho Right For You?

[@MoneyWithMark69]

👇Get an EXTRA 1% cash back 💰 when you signup for Koho using my referral link: 👇 www.moneywithmark.ca/go/koho-1

[@MoneyWithMark69]

@Omar Reign nice!! Congrats 🎊

[@chanceystanley8427]

@Omar Reign vvnn

[@chanceystanley8427]

Reign

[@chanceystanley8427]

Bunching

[@chanceystanley8427]

@Omar Reign GB b

[@danieleberhard5242]

Hey Mark, CEO of KOHO here. We appreciate the review! That HISA is coming. Stay tuned....

[@MoneyWithMark69]

Hey Dan! No problem give me that early beta access and I'll get another video out for it! 😉

[@danieleberhard5242]

​@@MoneyWithMark69 Can you DM me on twitter and I'll get you in touch with team ?

[@MoneyWithMark69]

Gotcha!

[@InfinityChris]

@@danieleberhard5242 Hello. I am going to be using KOHO as my first card. I’m 19 :).

[@MoneyWithMark69]

That's amazing to hear! You'll love it, they're much better than the big banks

[@michaellarkin5235]

I have the premium card as well - Love the KOHO card - Been using it for about 2.5 years now - I have passed it off to family and friends - they as well love the card! Rock on KOHO!!

[@MoneyWithMark69]

Yay!!! I've gotten so many compliments on my metal card 😎 it catches the eye 👀

[@user-ut8pl8ub7n]

Ahh yess. A fellow Canadian and with such an exquisite stash. Happy to see someone else with TD doing a review and reassuring me about this card and its features before I commit to signing up for one. Great video, subbed for more easy tips n tricks 🤘 *Edit* And shared with a friend (:

[@MoneyWithMark69]

That's so kind of you! 🧔 Welcome to Money With Mark 😉

[@user-ut8pl8ub7n]

@@MoneyWithMark69 We love to learn 🤖❤🇨🇦

[@mohamadalalwan700]

I just open account with KOHO and the next day the account is closed so I thing neo is the best app

[@MoneyWithMark69]

Good to know! Glad you like neo I do too

[@jayerunnaz1505]

Man well done sir, I have been irritated with td for so long and this looks like a winner

[@MoneyWithMark69]

All the big banks in Canada piss me off 🤬 ... Checkout my latest Tik Tok / IG 🤣

[@paigememaybe]

i literally just wrote out a paragraph (okay, maybe not that long, but i put some real heart and gratitude in to it lol!) and it somehow just randomly disappeared on me before clicking 'comment'... so there's that! before i have to run - just wanted to say thank you for the info you gave, it really helped me figure out that this was the type of account i was looking for without having to try out a number of them to trial and error. also, i used your reference code as a thank you! :)

[@MoneyWithMark69]

No problem at all! I'm glad the info was helpful! I love using it so I hope you do too 😊 let me know if I can help you with anything else

[@paigememaybe]

amazing, thanks so much, i'll keep you in mind! :)

[@CyrilBovell]

Great video about Koho. I was on the fence about using them but you clear up everything.

[@MoneyWithMark69]

Glad to hear it!!

[@pptx24]

Making a comparison between WeatlhSimple Cash and KOHO which one do you recommend to use like saving account?

[@vicmar4167]

is 2023, do they have the high interest savings account now?

[@MoneyWithMark69]

Yes they do! It's applied on all your money with them checkout my more recent review here www.moneywithmark.ca/reviews/koho-visa-card-review/

[@tixerr8373]

Great video. Why does 1.25x speed feel so right?

[@builtbyrhondy1111]

great video; hope you achieve whatever youtube goals you have set for yourself

[@MoneyWithMark69]

Thank you! Well my goal with this channel is to raise the average savings rate to 25% 😅

[@bellzii]

Hey Mark, have you tried it to check in a hotel as a replacement for credit card? Im not talking about paying the bill but during checkin the hotel withholds an amount.. Does the Koho card work in that case as a replacement for a credit card?

[@MoneyWithMark69]

I did it once and it did work! I would assume it might depend on the hotel eg random hotel in the Bahamas might not. But any in Canada you’re good

[@fredchartrand5195]

Super helpful video! I've been looking for a credit card but Koho sounds like a way better alternative

[@MoneyWithMark69]

Glad to hear! I absolutely love using my KOHO card and all their features 😊

[@vicmar4167]

Is it possible to transfer $100,000 to KOHO in one shot? (without the daily $3000 limit o interact e-transfers)?

[@MoneyWithMark69]

Yes you can add money via direct deposit or debit card. There are usually transfer limits from both your bank and on KOHOs side. Check with both

[@vicmar4167]

How does the metal card handle air port security and all the electromagnetics in there that can demagnetize the card?

[@MoneyWithMark69]

Nope! Same as all credit cards. They can all be demagnetized but airports don't use magnets 😀

[@haydnpreston6816]

Such a good vid man just subbed

[@MoneyWithMark69]

Welcome to the channel!

[@davemariash1700]

Hi, good info. On question can I transfer a email cash transfer into my koho account? I remember the sin cards used to be made in metal! I never used my koho to Yet

[@MoneyWithMark69]

Yes you can e-transfer into your KOHO account

[@tahaz8444]

Great video Mark ! you earned a sub. i have a question, so my credit limit is 500 with rbc cuz im a new cutomer, is it possible for example to transfer 3k to koho and use them all in 1 purchase online cuz i cant do that with rbc. thanks in advance mate

[@MoneyWithMark69]

Hi Taha, thanks for the sub ☺️ yes you can do that with Koho! Koho operates like a pre paid credit card so whatever you put on it you can spend 💳

[@tiffanymacphee1418]

Super helpful! Thankyou for sharing! Does koho help increase credit at all?

[@MoneyWithMark69]

The regular card does not, but they do offer a credit building feature for$7/m ☺️

[@oben3750]

Hi Mark Great video.. Can I use koho account to deposit money in trading platform ? such as Binance, etoro ?

[@MoneyWithMark69]

Excellent question! I should have addressed this. Yes you can transfer money from KOHO into trading platforms. It just depends on what forms of deposit your trading platform accepts.

[@oben3750]

@@MoneyWithMark69 It doesnt work... all transactions are declined when I want to add funds to the broker account from Koho... just wasted my time applying for Koho credit card :-(

[@thepowers6035]

@@oben3750 Depends on where you invest and people even purchase crypto currency too. You have to look around and view the numerous choices out there.

[@liltrooper29]

So you mentioned how koho is similar to a prepaid Visa card which you load funds on and then spend. But you also said that it can be used as a regular bank account. So basically koho can be my debit and Visa card??

[@MoneyWithMark69]

Exactly! That’s what I do 😊

[@sounds0fmeows]

no, these prepaid credit cards only work on the The credit exchange, if you need to use a service or store that only excepts debit cards- you're pretty much screwed if don't have an actual debit card

[@hossain-in-motion]

Great video. You got a new subscriber 🤘

[@MoneyWithMark69]

Thank you!!

[@sharonelainestephens3619]

Its another clever way to call it. Koho Interact payment for any of your account. Online Bank and others started before Koho. Great job Koho, what Business accounts?

[@MoneyWithMark69]

YESSS As an entrepreneur myself I also want KOHO to do business accounts!! I’ll shoot their team a message for you 🤓

[@sgolong]

thank you for this! i subscribed! :)

[@MoneyWithMark69]

No problem ☺️ welcome to Money With Mark!!!

[@kandylavish]

@moneywithmark are you able to make international withdrawals as well?

[@MoneyWithMark69]

I’m 90% sure you can. It is a pre paid Visa card so anywhere that accepts visa should be able to withdraw cash

[@kandylavish]

@@MoneyWithMark69 Thank You! 🙏🏽😊

[@gameplaymen7131]

hello I have a question how long does it take for the card to be delivered from the order of the card until delivery how long does it take

[@JesusOurKing]

3-5 days.

[@thepowers6035]

Not very long 3 to 5 business days .

[@goldenlegend4018]

Does KOHO have TOTP 2 Factor authentification?

[@MoneyWithMark69]

I’m not sure what TOTP 2 is.

[@goldenlegend4018]

@@MoneyWithMark69 Temporary one time password, basically timed codes on your phone you have to enter. This secures your account, no Canadian bank has it

[@unformed-deshevel-mentUDM]

Quick question can u transfer money from your paypal into your koho account

[@Sokathis]

This is looking pretty good to me actually, but is there any transaction limitations? I.e like 25 transactions per month, or is it unlimited? Or a weekly spending limit of say $500? These are important factors and information to know before considering opening up an account.

[@JackitChan]

Its not worth it, been using for around 2 years and just got rid of it today. As the support has never been capable let alone effective at their job. Lost a small some of money but thats what these scams are about. Koho is a new age scam is all.

[@salwashami7388]

Very interesting. Thank you! I think I'll sign up. Frankly, I'm done with my credit card (PC financial). They're ripping us off with their very high interests.. I hope Koho will stay simple and good or get better, with no catch on any future offers. 🤞🤞

[@MoneyWithMark69]

Ughhhh I feel you! When I review my finances every month and add up the bank fees I'm like "REALLY?! FOR WHAT!?" I hope you enjoy using Koho

[@shelleymcinroy6208]

Is this still the case? Have they changed?

[@MoneyWithMark69]

Yes they have! Checkout my newer KOHO review videos. They've made a lot of upgrades!

[@calvindu8820]

Unfortunately the metal card is no longer I available I think. I wish I could still get it.

[@MoneyWithMark69]

I know! I’m so bummed they got rid of it 😩

[@shantomathew87]

Hello Mark, thank you for the KOHO review and usage info. Do you think this can be very viable in rural communities?

[@MoneyWithMark69]

Yes I believe so. Being from a rural community myself I don’t see any obstacles… unless you’re trying to use it for business / farming operations then the limits on KOHO would be exceeded and it wouldn’t work

[@oups4391]

Saw a video stating that koho would give me 6% cashback on evry purchase. Sign up to koho...it say 2%. How do i get 6% ?

[@oups4391]

Am getting 2% cashback with costco card already...am in with koho only for the 6% cashback...

[@MoneyWithMark69]

They use terminology- up to 6% (and that’s if you have a premium account)

[@nelach.2666]

Can I pay my credit cards with Koho?

[@nelach.2666]

I mean from the account as I can pay bills from my bank?

[@MoneyWithMark69]

Yes you can! Just pay your bills just like you would through your bank ☺️

[@fernaoverde]

Does the koho card build into your credit score?

[@MoneyWithMark69]

Yes and no.... KOHO is a pre paid credit card so that does not build credit. But they do have a credit builder product that locks a line of credit and costs $7/month to build your credit that way

[@fernaoverde]

@@MoneyWithMark69 oh, nice. Thanks man!

[@ARJIWNL]

Does Koho have transaction threshold? I use TD and i have like 20 something transaction free for a month and if i exceeded that they charge me a dollar something for every EXTRA transaction. 😢 I don’t like it.

[@MoneyWithMark69]

They have a value limit but I don’t think they have a transaction number limit… don’t quote me on that though

[@selormbruce1517]

For the prepaid Visa card does it work for security deposits for car rentals or hotels ?

[@samanthapicard-drouin5326]

always worked for me!

[@MoneyWithMark69]

Yes it does! Plus coho even has 6% cash back for some places like booking.com

[@Dass_sri]

Can someone go into negative balance with Kogo? Like let’s say you have like $100 in your acc and your about to buy something for $105. Would the transaction go through and your account be at negative $5.00? Or will the transaction be declined?

[@Marcryzk1]

Declined

[@airbornepotato]

Is Koho gonna help with credit score? Since this is a preloaded cash card pretty much?

[@MoneyWithMark69]

Yes and no...Just using Koho by itself will not but Coho has a credit building feature check out my other video on it

[@claudiaaudouin-cover4956]

I'm trying to reset my password but I'm not getting any mail from them. What do you think is the problem?

[@MoneyWithMark69]

You might need to wait for their customer support to get back to you. Or check your spam folder!

[@shinjinimondal4516]

I have two questions- when you withdraw money from Koho from ANY atm machine, let’s say Scotiabank - do we still pay the $3 transaction fee? Also, does this card help you increase your credit score?

[@MoneyWithMark69]

Some ATMs are free. I just don’t know which ones 😅 the regular KOHO account does not improve your credit score. BUT they have a credit building feature you can use which does: www.moneywithmark.ca/go/koho-credit/

[@hannafettis201]

Hey Mark - its important for me to build up my credit score right now. Can you speak on how Koho has (or hasn't?) helped you build yours? I'd like to make the plunge, but the thought that I wouldn't be building my credit score as fast with Koho as I do with my credit card is holding me back. Thanks!

[@MA-sn1oo]

This is a prepaid visa card, to build your credit you need to get a traditional credit card.

[@sounds0fmeows]

there's no such thing as a prepaid credit card that can build credit, anyone who makes such claims are lying to you

[@unformed-deshevel-mentUDM]

I only got a paypal my bmo bank shut my card down and in looking to join koho looks amazing

[@lukasbrenner800]

great video man

[@MoneyWithMark69]

Appreciate it!

[@danielarcand2624]

Can I etransfer money from my RBC into my koho account I wanna use it as a savings account that I won't touch

[@MoneyWithMark69]

Yes you can! Also Koho has a new high interest savings account! So you can also earn 1.5% interest on that emergency fund 💪

[@danielarcand2624]

@@MoneyWithMark69 awesome this was really helpful

[@MoneyWithMark69]

@@danielarcand2624 no problem 😊

[@MsMarianaLuna]

Hehe I loved the metal card, at first that's what got me but after knowing the prepaid credit card, it was definitely something I loved, to keep controlled my finances. What's your opinion and/or experience with the feature to increase your credit score paying 7 cad per month, do you recommend it or is better with a regular credit card. And could you advice me with platforms or apps to save money? Either save or invest. I want to reach my goal in 1 or 1.5 years.

[@JesusOurKing]

When I started credit building with koho my score was zero. 30 days later it's 630. From what I read now that I qualify for some credit cards, along with KOHO $7 a month we should be able to push our score further tho I'm just chilling using their service right now since I'm getting at least 0.5% cashback plus 1.2% interest holding money in their account.

[@dtowler5]

Do you enjoy terrible customer service and no recourse if money goes missing? Are hoping to deposit your hard earned money in a fintech company that has virtually no oversight from regulators? Koho could be right for you!

[@MoneyWithMark69]

Jeez your money went missing?? How? They are insured so check out your deposit insurance and make a claim

[@robdavidson1876]

When beginning to register for koho it asks for e mail and password?.I'm not going to give that away !Why?

[@MoneyWithMark69]

Because they are a financial institution and are required by law to have some identification to create an account... Checkout some malls or convenience stores if you are looking for truly anonymous pre paid credit cards

[@thepowers6035]

It's like a bank and takes less than 10 min to set up. I can do everything from this card and you can get joint accounts to share expenses as well.

[@trevormifflin3888]

Am I able to put cash in a bank And what bank machine could I use just a regular TV or CIBC bank Just so I can put cash or a check Works the same

[@trevormifflin3888]

I'm thinking of switching everything over to this Bank What do you think It's a little nerve-racking to be so used to the big Banks and been able to walk in take money out whenever you want to put money in that's the only that makes me nervous

[@MoneyWithMark69]

Hey Trevor welcome to Money with Mark 😊 currently you can not deposit cash into a KOHO account. So that's a definite downside. Personally I have a basic cheap account with TD that I use for my mortgage payments and cash. And use everything else with Koho. If you handle a lot of cash then Koho might not be right for you... But since it's free you can always test Koho out and stop using it, or increase your usage if you like it

[@katyakka]

About the fees, you'll have to pay 9$ a month for the Premium. But, you'll have good cash back retourn on purchases. :)

[@MoneyWithMark69]

Yes the premium is a great option! And still 50% cheaper than your average bank fees!!

[@maybememory1]

I’m considering this card for sure. I’m currently off work with head injury and am on quite a low income. That’s caused me problems with paying off my regular credit card, and as a result, my credit has sunk quite a bit. I want to build it up, but with the security of knowing I can’t accidentally rack up charges. I read that Koho has a credit building feature, so I could use it to help rebuild my credit

[@MoneyWithMark69]

Yes it does! KOHO is a great way to stop the debt accumulation cycle. It’s important to note though that the credit building can only go so far if you have unpaid / outstanding bills / credit cards. Those need to be paid regularly in full first 👊 you got this!

[@sounds0fmeows]

no, prepaid credit cards do not help build your credit- there's no such thing- no prepaid credit card has the ability to help with Credit building, so you're being misled with somebody who barely even used the service, let alone somebody who knows nothing about prepaid credit cards. anybody who claims that a prepaid credit card can build credit is lying to you.

[@brianbasil5041]

Can I expect the same protection against fraud that big banks like CIBC and TD offer?

[@thepowers6035]

They are protected up to 100,000 insured.

[@sounds0fmeows]

they legally have to

[@Susanlwl]

where did you get the wallet? My husband uses a rubber band lol

[@MoneyWithMark69]

Haha oh no! You’ve got to get him more than a rubber band! My wallet is from The Chive and has a beer opener on it 😎

[@fatimalove965]

Does koho build your credit

[@MoneyWithMark69]

Yes and no... You have the option to build credit with them though! For $7/m which is SUCH an amazing product. I highly recommend it called their " credit building feature"

[@neiljunio7281]

I was trying to use your code, but it said too many people used it already :(

[@galenklassen8634]

Great Video

[@MoneyWithMark69]

Thank you! I’ve got an updated KOHO review coming out this week!

[@lucynguyen6613]

Where did you get your wallet? Its spiffy

[@MoneyWithMark69]

Why thanks! I got it from The Chive I’m not sure if they have them available still but it’s worth to check it out!

[@lucynguyen6613]

@@MoneyWithMark69 thanks! It's still there!

[@fauztran]

I'm wondering what the transfer limits are. My current incoming and outgoing transfer limits are foolish.

[@MoneyWithMark69]

Great question premium accounts let you do a lot more but the regular account is 3k daily … I’m not exactly sure what limits you might hit because there’s a variety but here’s a link for more info on their limits help.koho.ca/en/articles/3063291-all-koho-account-velocity-limits

[@fauztran]

@@MoneyWithMark69, that's exactly what I'm looking for. Thanks.

[@galenklassen8634]

Great video

[@MoneyWithMark69]

Thanks!

[@doublebanabe]

check out wat her said at 2:52

[@janemarcus6084]

Wow!! I just got my bitcoin and working on cc’s from *carder111* on telegram, he is honest, reliable, and trustworthy. Thanks man

[@abdulissa4261]

How Do I accept an etransfer from someone wit my KOHO I got it on email and everything I just don’t know how to accept it

[@MoneyWithMark69]

It is the same as accepting an e-transfer from another bank account. If there's a password you'll have to put that in. Or you can setup automatic deposits so the email transfer will just go straight into your account :)

[@janemarcus6084]

Wow!! I just got my bitcoin and working on cc’s from *carder111* on telegram, he is honest, reliable, and trustworthy. Thanks man

[@jpdelete]

Can you use this credit card for online purchases? I'm mainly interested to use it for online security

[@MoneyWithMark69]

Yes you can! I just used mine a minute ago getting a new mic from Best Buy 😬

[@jeremyeade7827]

Great stache!

[@MoneyWithMark69]

Thanks Jeremy!

[@Daniela-2208]

Have you used the credit building feature? If so, how did it work for you?

[@MoneyWithMark69]

I haven't used that yet because I have a good credit score but I have friends who have! They said it's been incredible it's a super easy way to build your credit and not have to be conscious of it!

[@Daniela-2208]

@@MoneyWithMark69 awesome! Worth trying since I've paid off my debt and am looking to build up my credit even more. Thanks for the info :)

[@Red-sc8zw]

Dont forget atm withdrawal fees

[@DAlR-pl8qd]

Hey Mark

[@7ace7MM]

Why is the thumbnail like that?

[@MoneyWithMark69]

Hahah I had no clue what to do for the thumbnail so I just stuck my card to my forehead 😅

[@alfredino724]

"oh hey Mark"

[@MoneyWithMark69]

Ohhhhhh Hi Mark 🤪

[@alfredino724]

@@MoneyWithMark69 it was "hi"

[@HemiJB91]

Look at all the nsf fees. Goes to bonuses for the people that don't need it lol

[@SDMCanada]

Still hesitating between Koho and Tangerine

[@MoneyWithMark69]

What are you planning on using it for?

[@SDMCanada]

@@MoneyWithMark69 I guess, I still gonna stick to Scotiabank as my main bank. It's just that Tangerine offers higher cash back on either 2 or 3 categories. 🤔

[@MoneyWithMark69]

Hmmm very true. KOHO is launching a new savings account that'll give you 1.5% (roughly) earnings while you just hold money... New feature coming this year

[@thepowers6035]

You can do all your banking on this app and get away from the ripoff big six ones.

[@juliantollis2998]

What's your koho code

[@MoneyWithMark69]

You can use this link here: koho.onelink.me/Iw0N/mediocremoney

[@teammoist-eez7455]

Hi mark

[@MoneyWithMark69]

Hi 👋

[@teammoist-eez7455]

Love the stash 👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽

[@MoneyWithMark69]

Thank you!

[@Sky-kp8bi]

Please never install this app

[@MoneyWithMark69]

Too late 😅

[@cmpunkforlifecm8124]

16 dollars a month td

[@MoneyWithMark69]

Yeah! What a rip off!!

[@thepowers6035]

That's why I switched and I have saved more money in a month than several years with them.

[@sounds0fmeows]

17$ plus 5$ overdraft incase.

[@dr.anilrajani7352]

😇💖

[@teammoist-eez7455]

Hi Kermit

[@welsonlewis2257]

Thanks 🙏 to *cardman99* on telegram he is the most legit vendor on here , i never regretted dealing with him ✅

[@teammoist-eez7455]

What

[@welsonlewis2257]

@@teammoist-eez7455 cardman99 sells some really clean credit card at affordable prices ...you should hit him up on telegram

[@teammoist-eez7455]

I was saying hi to Kermit

[@teammoist-eez7455]

🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🥴🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸

[@ChrisCrond]

#ad

[@MoneyWithMark69]

I’m actually not sponsored by KOHO at all. But I do earn a referral fee for anyone who signs up with my link 😌

[@teammoist-eez7455]

🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸