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What is Deposit via Bill Pay and how does it work?

Updated over 5 months ago

Deposit via Bill Pay lets you add funds to your KOHO account directly from your bank by using your KOHO account number, just like paying a bill. You can find this account number by going to Add Money > Deposit via Bill Pay in-app.

Step 1: Navigate to your banking app

You'll deposit money from another bank to your KOHO account.

Step 2: Find the bill pay feature

In your other bank's online portal. You'll use this feature to send money to your KOHO account.

Step 3: Search for the payee name

Make sure the name matches KOHO Financial.

Step 4: Enter your account number

Make sure you enter the 9-digit uniquely created number accurately.

Step 5: Enter your deposit amount

You can deposit up to $100,000 at once, depending on your financial institution.

Step 6: Your money will be deposited soon

Once you confirm the money to be sent, it will be in transit to your KOHO account and should be deposited within 1-3 days.

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