Important: Joint accounts are not yet available on all accounts. We’re gradually rolling them out and will notify you once they’re ready for you.
A KOHO joint account is a simple way to manage shared money with someone you trust, like a partner, roommate, or even your kid in college or university. It's great for avoiding end-of-month guesswork or keeping tabs on who paid what.
🔒 If one of you has the Everything Plan on your personal KOHO account, your Joint account becomes Joint+. That means you’ll both earn cash back on spending and interest on your shared balance, even if only one person has the plan.
Here are a few ways a Joint account can come in handy:
🏠 For roommates or partners
Split rent, groceries, takeout, or house supplies without mixing things up with your personal spending.
Each person can transfer their share at the start of the month.
Link bills like rent, utilities, or insurance directly to the Joint account.
Need to pay your landlord or a friend? Send an e-Transfer from the account.
Start with a 50/50 split, or adjust based on what feels fair for both of you.
🌍 For travel buddies
Planning a trip with a friend? Pool your travel budget into one place.
Use your KOHO cards to cover hotels, meals, and activities.
Skip the spreadsheets and IOUs.
KOHO offers low FX fees when you're abroad, which helps keep more money in your pocket.
👰 For wedding planning
Weddings involve a lot of spending, from deposits to dress fittings. A Joint account helps keep those costs separate from your everyday expenses.
Track your wedding budget together or set a Honeymoon Goal to save side by side.
🎓 For university
Have a child away at university? A Joint account can work like a monthly budget you manage together.
You add money each month, and they can spend directly from the Joint account.
If they want more privacy, they can move funds into their Personal KOHO account.
Children need to be the age of majority (18 or 19, depending on your province) to use any KOHO accounts at this time, including Joint accounts.
How to Open a Joint account
Open the KOHO app.
Go to Settings > Switch Account > Open a Joint account.
Enter your partner’s email. They’ll get an invite to join.