If you’re looking for a unique, award-winning mobile account with built-in, stress-free credit, you should check out koto.
It was created to help people feel more confident in their financial decisions, with the app designed to be clear and fair — just like the service they provide. There are no hidden fees, asterixis or nonsense.
Just download the app, get an account and spend immediately using Apple Pay or Google Pay.
Before you do, however, make sure you take advantage of the fact we’re offering members £20 cashback* when opening a new credit account.
If you don’t qualify for credit, you can still use koto for everyday spending to improve your eligibility.
Fixed fees mean you always know how much it costs to borrow using koto and you’re always in control as you can switch your credit on and off as you need it.
They don’t charge you to use your own money, with no fees overseas or at ATMs. Your app also has the power of an account and a credit card, so you can always travel light with koto.
It’s fun too as you can use the shake-to-pay function to send money to family and friends in seconds.
Their founders created the highly successful monobank in their native Ukraine, with millions of customers enjoying the app and service.
They know what they’re doing and how to put their customers at the centre of everything they do.
So try koto now. Here are some more reasons to do just that.
Getting started
Your koto journey starts with a simple application on your mobile.
Just download their great app from your app store and scan your passport or driving license.
All you need to do then is answer a few easy questions. It only takes a few minutes and your credit score is protected if you’re not eligible for credit.
Basics covered
A koto account gives you everything you’d expect.
They don’t charge you to use your own money, so there are no fees for cash withdrawals, while you can spend overseas with the best Mastercard rates and no fees.
Take advantage of instant transfers with faster payments to and from UK bank accounts or set up Direct Debits and recurring payments.
App-based credit
Designed for your mobile, not only does koto give you a card at your fingertips, you also get various tools to help you manage your money.
There are simple charts to track your spend, instant notifications for your transactions and reminders for payments and upcoming Direct Debits.
You can add your card to Apple Pay or Google Pay, make quick transfers to koto contacts and shake-to-pay koto users nearby.
Extra and spread features
You can either load your own money to your koto account or use your Extra credit facility.
There’s a fixed fee of 20p per day, no matter how much you borrow, while you can easily turn Extra on and off in the app.
With Spread credit, you can spread the cost of purchases over £100 for a period which suits you.
You can use Spread anywhere you see the Mastercard logo for a fixed fee of £10 per month.
So, sign up now and take advantage of the fact we’re offering members £20 cashback* when opening a new credit account.
Representative 29.2% APR (variable). Credit subject to status. UK residents 18+. Koto Card Limited is authorised and regulated by the Financial Conduct Authority.
Koto Card Limited is a company registered in England and Wales (No. 11224081). Registered address: Nightingale House, 46-48 East Street, Epsom, Surrey, England KT17 1HQ.
* The cashback rate is what Plus members will receive. The Classic rate may vary.
