Nope. For better or worse, opening a KOHO account will not affect your credit score. However, as a financial services company, we are required to verify your identity and confirm that you have a Canadian credit file. This is what is called a soft check, and since we do not report to the Canadian credit bureaus, this will not affect your credit score or history. 

That being said, if you are looking to improve your credit score, we offer a Credit Building feature which you can read more about here!

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