This feature is part of a limited release, so it might not be available to everyone just yet.
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.