With KOHO, you can save and earn more just by using your account. Tools like Goals, RoundUps, Vault, Earn Interest, and Cash Back work together to help you grow your money and stay on track 💰
Here's how each one works and how they support your financial goals.
Your Balance: What’s Spendable and What’s Saved
Your Spendable = Total balance - Total savings
Total savings = Goals + RoundUps + Vault
Your Spendable is our suggested amount you have available for everyday spending, while your savings help you set money aside for your goals.
💡Important to Know: Goals and RoundUps are visual separations within your account. If you need to make a purchase and don't have enough in your Spendable balance, KOHO will automatically use money from your Goals and RoundUps balance to complete the transaction.
Your Savings and Rewards Tools
Tool | How it works | Can You Spend It Right Away? |
🎯 Goals | Set up automatic savings for specific targets like a vacation or emergency fund. Choose how much to save and how often, and KOHO will move money from your Spendable balance to your Goal savings automatically. | Yes, if needed for a purchase |
🪙 RoundUps | Save spare change automatically when you make purchases. We round up your purchase to the nearest $1, $2, $5, or $10 (you choose) and move the difference to your savings. | Yes, if needed for a purchase |
🔒 Vault | Your secure savings space where money cannot be accidentally spent. Perfect for emergency funds or money you want to keep completely separate until you're ready to use it. | No, you have to move the balance back to your Spendable balance first |
Earn rewards on eligible purchases. This is a bonus reward from KOHO that gets added to a separate Cash Back balance, which you can cash out at any time. | No, you have to cash out your available cash back to your Spendable balance first | |
Reach your savings goals faster by earning interest with KOHO. Take advantage of great rates and watch your money work harder for you, helping you make meaningful progress. | No, your interest is paid out monthly to your Spendable balance. |
RoundUps vs. Cash Back
These tools often get mixed up, but they work differently.
RoundUps – Using your own money to save
You buy coffee for $4.25
With RoundUps set to $5, we move $0.75 into savings
That $0.75 comes from your existing Spendable balance and helps you save automatically
Cash Back – Bonus reward from KOHO
You buy the same $4.25 coffee
Once the transaction settles, you earn 1% cash back — that’s $0.04
This is extra money from KOHO, not taken from your balance
Result: You saved with your own money and earned a little extra too 🎉