KOHO review

KOHO is a Canadian fintech offering a spending account with international money transfers powered by Wise. Competitive FX rates for Canadian users. Founded in 2014 and based in Vancouver, Canada, KOHO is a money transfer provider. KOHO is authorised and regulated by FINTRAC, which means customer money is safeguarded separately from company funds.

On the fee side, expect $1.50 per international transfer, but the bigger cost is usually the exchange-rate markup of 0% - 0.5% (wise rates), which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $10,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 1-3 business days, and the service reaches 50+ countries across 40+ currencies. You can fund a transfer by Bank Transfer (Interac), with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors KOHO handles best.

On the plus side: wise-powered exchange rates (near mid-market), integrated spending account and cashback on purchases. That makes it a sensible choice for everyday international transfers. Worth keeping in mind: canada only (send from cad) and transfer limits lower than dedicated services. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.