Payroll Direct  💳

If you know you want to track your spending and save regularly, then setting up direct deposit with KOHO is the move. 

  • In-app go to Home > Add Funds > Payroll Direct and download the Payroll Direct information form. Then ask your payroll department to have all or a portion of your paycheque go directly to your KOHO account.

Pre-Authorized Debit (PAD) 💵

We now support pre-authorized debits from your KOHO account!

You can schedule pre-authorized and recurring payments for things like your car insurance, Wealthsimple contributions, property tax, or your hydro bill.

  • You can find all the information you'll need (like institution and branch number) in your KOHO app under Home > Add Funds > Payroll Direct
  • Then update your payment information with your different service providers so that your next internet bill or RRSP contribution comes right from your Spendable
  • Want to fund your Wealthsimple account from KOHO? Check out this article for more
  • You can have a merchant pull funds from your account 3 times in a 30 day rolling period, full details here
  • If you don’t have enough funds in your account, the PAD will be rejected.

Note: We do not support payments to non-financial institution loans at the moment. If you're unsure about what payments we support, please reach out.

Any lingering questions? Contact our super friendly support team through the in-app chat function!

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