If you don’t have enough money in your KOHO account for your monthly Cover fee:
We’ll make one attempt to collect the fee.
If that attempt fails, we’ll keep trying to collect the fee over the next 3 days whenever funds are available.
If the fee still isn’t collected after this period, your Cover subscription will move into NSF (non-sufficient funds) and be cancelled.
If your subscription is cancelled, you’ll need to repay the full cash advances. Once your Cover balance is repaid, your Cover subscription will automatically renew unless auto-renewal is turned off.
There are no late fees or penalties, but not repaying your balance may affect your ability to use Cover in the future.