Starting October 9th, we’re updating how rewards work for Joint accounts. Your Joint account will now earn rewards based on whether it qualifies for Joint+, a new way to access even better perks together 🚀
Here’s how it works:
If at least one of you:
Has the Everything plan on your Personal KOHO account
Your Joint account qualifies for Joint+, and you’ll earn:
3.5% interest (if one of you has opted in to Earn Interest)
2% Cash Back on groceries, food and drink, and transportation
0.5% Cash Back on everything else
If your account doesn’t qualify, you’ll still earn 0.5% interest (so long as one of you has opted in to Earn Interest for your personal KOHO account), but Cash Back won’t apply.
To keep earning more together, make sure one of you is on the Everything plan and has interest turned on.
How do I switch my account to Joint+?
Starting October 9, if one of you has the Everything plan on your personal KOHO account, your Joint account will automatically upgrade to Joint+. That means both of you get access to Joint+ perks, even if only one of you has the plan.
To upgrade your account:
Open the KOHO app
Click on My Plan
Choose the Everything Plan
What happened to the 0.5% Cash Back on everything?
Before October 9th, 2025, all Joint accounts earned 0.5% Cash Back by default.
Now, Cash Back is part of Joint+. To keep earning it, at least one account holder needs the Everything plan and must opt in to Earn Interest.
If your account doesn’t qualify for Joint+, Cash Back no longer applies. You’ll still earn 0.5% interest on your balance.
Will my existing balance or rewards be affected?
Your current balance and anything you have already earned, like cash back, will stay in your account. The new rates only apply starting in October 9th 2025.
What if I do not opt in to Earn Interest?
You will not earn Interest on your Joint account unless at least one of you has opted into Earn Interest on their Personal account and links a verified SIN.
If no one opts in to Earn Interest, your Joint account will earn 0.5% Interest and no Cash Back after the change.
Will my Joint account number or card change?
No. Your account details, including your account number and card details, will stay the same.
¹ Subject to one of the account holders having signed up for Earn Interest. Actual Interest may vary depending on your KOHO account plan. Interest Rate is subject to change without prior notice. Interest is calculated per annum and is calculated daily but paid monthly. Terms and conditions apply.
²Actual Cash Back may vary depending on your KOHO Account plan or merchant. Cash Back rate and merchants are subject to change. Terms and conditions apply.