A closer look at Indian banks in Canada
This guide informs you on Indian banks present in Canada, along with an international alternative for your financial needs
KOHO Financial is a Canadian fintech company based in Toronto. While it’s not a bank, they do provide banking services such as savings and chequing accounts. In this article, we will discuss how to close a KOHO account and we will also take a look at Wise which can be used both with or without a bank account.
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If you want to close your KOHO account you need to do the following steps¹:
If you’d like to cancel your KOHO Plan instead, there are a few easy steps to follow²:
Also, it’s essential to know that even if you cancel your KOHO plan the benefits stay in place until the next billing date. Once the billing cycle is done you can continue to use KOHO Easy, their free account.
If you prefer to ask for help with canceling your plan, you can contact support through the in-app chat.
There are no fees³ to open or close a KOHO account. You only spend what you load on the card, which means if you change your mind you can simply e-transfer your money back to your bank account.
Are you closing your bank account to switch up how you handle finances? KOHO may have been charging you a 1.5% markup⁴ on the exchange rate, but you don’t have to pay that anymore! Wise is a great way to manage your money at home and abroad. It offers
Wise is a money service business (MSB) which saves you money compared to other providers, each time you use it for international or domestic transfers.
With their assured transparency, resources and customer support, you definitely won’t miss out on managing your finances whether you sign up for another account or not.
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Sources verified on 22 September 2023
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
This guide informs you on Indian banks present in Canada, along with an international alternative for your financial needs
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