Koho Extra vs Everything 2026: Which Tier Is Worth It?
TL;DR
Extra makes sense if you'll spend ≥$400/month in cashback categories and route your direct deposit through Koho. Everything only makes sense if you'll also use Credit Building actively and the higher cashback ceiling. Otherwise stay on Essential or free.
Tier-by-tier
| Feature | Essential | Extra | Everything |
|---|---|---|---|
| Monthly fee | $4 (or free) | ~$9 | ~$19 |
| Cashback | Base 1% on 1 category | 2% on 3 categories | 2% on 3 + extras |
| Interest rate | Lower | Higher (with direct deposit) | Highest (with direct deposit) |
| Credit Building | $10/mo add-on | $10/mo add-on | Included |
| Price matching | No | No | Yes |
| Travel insurance | No | Limited | Yes |
Pricing approximations — Koho periodically tweaks tier pricing. Always check the current pricing page in-app.
The break-even math
For a paid tier to "pay for itself" on cashback alone, you need:
- Extra (~$9/mo): ~$450/month qualifying spend at 2% to recover the fee. Below that, the lower tier wins.
- Everything (~$19/mo): ~$950/month qualifying spend, OR you actively use Credit Building (~$10/mo value) and the price-match perk regularly.
Add ~$5–$15/month of extra interest on a $5,000–$15,000 savings balance to soften the math. Use our compound-interest calculator for the year-over-year impact.
When Extra is the sweet spot
- You spend $400–$1,000/month in 2% categories (groceries, transit, etc.)
- Your paycheque can land in Koho via direct deposit
- You hold $3K–$10K of cash you don't need immediately
- You don't need credit building yet
When Everything is the sweet spot
- You'd otherwise pay $10/month for Koho Credit Building separately
- You spend $1,000+/month in cashback categories
- You'd actually use price matching (online shopper)
- You travel and want the limited insurance perks
When neither is worth it
- You spend mostly on credit cards (Koho cashback only triggers on Koho purchases)
- Your cash balance is low (interest gain doesn't move the needle)
- Your direct deposit goes elsewhere and you can't reroute it
- You just want a cashback prepaid card → free or Essential is fine
Related guides
Sources: Koho official pricing page, Peoples Trust deposit-protection disclosures. Tier pricing and cashback categories change — always confirm in-app. We do not accept referrals from Koho. Last reviewed: April 22, 2026.
Editorial disclaimer
This article is published by LoonieLabs for general information only. It is not financial, tax, legal, accounting, or immigration advice and must not be relied on as such. Rules, dollar figures, interest rates, and program eligibility change — always verify with the Canada Revenue Agency, IRCC, or a qualified professional before acting. Spotted an error? See our corrections policy. Last reviewed: April 22, 2026.
Frequently Asked Questions
Written and reviewed by Shrey Patel — Founder & Editor-in-Chief
Winnipeg, MB · Figures cross-checked against official banking & credit sources · Last reviewed April 22, 2026 · LinkedIn
Founder of LoonieLabs · based in Winnipeg, MB · writes and reviews every page on the site I oversee every figure on this page personally — verified against primary sources (CRA, IRCC, Statistics Canada, the Bank of Canada, or the originating provincial ministry). LoonieLabs has no affiliate relationships with any bank, credit card, or immigration consultant featured on this site. Spotted a mistake? Tell us.
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