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Understanding Koho: What Bank Is It Under and What Are Your Options?

Koho, a popular financial platform in Canada, offers a versatile way to manage your finances without the need for traditional banks. But many customers and potential users often ask: what bank is Koho under? This article endeavors to answer this question and explore the various options users have at their disposal: online banking, mobile app and customer service calls.

Koho – An Overview

Born out of a desire to revolutionize the banking sector, Koho is not under any traditional bank. It's a FinTech company, or financial technology firm, that provides a refreshing, new approach to banking that merges finance and tech seamlessly. For its financial operations, Koho collaborates with the People's Trust Company, a federally regulated trust company that holds funds on reserve for Koho users.

Option 1: Online Banking with Koho

One of the primary ways users can access and manage their Koho accounts is through their online banking portal. This web-based interface offers a slew of features that promote trouble-free banking. From viewing account balances and transactions to scheduling future transfers or payments, Koho's online banking platform offers an impressive level of convenience and control to its customers.

• Easy setup and user-friendly interface
• Funds transfer and bill payment options
• Round-the-clock access
• Secure encryption and fraud monitoring

Option 2: Navigating the Koho Mobile App

Koho has also extended its services to a handy mobile app, enhancing its users' ability to manage their finances on-the-go. Whether you're on a commute or enjoying a vacation, you can carry out transactions, check balances or even flag suspicious activities, all from the palm of your hand.

• Real-time notifications on transactions
• Easy budgeting and savings goals
• Instant card freezing for enhanced security
• Earning power with cash backs and referrals
• User-friendly interface and smart categorization

Option 3: Reaching out to Koho Customer Service

If online or mobile banking seems overwhelming or if you run into a roadblock, Koho's customer service team is available around the clock to assist you. They can be reached via a phone call or an in-app chat. Remember, you don't need to struggle alone when the help is just a call or click away.

• 24/7 availability
• Expert assistance on technical issues
• Help with account setup or queries
• Secure and confidential handling of your information

In conclusion, while Koho is not under any traditional bank, it provides a comprehensive suite of financial services through its collaboration with People's Trust Company. With the power of online banking, a sleek mobile app, and a responsive customer service team behind you, managing your money with Koho becomes a hassle-free experience.