Direct Deposit 💳
- In-app go to the Move Money tab > Direct Deposit and download the Direct Deposit information form. Then ask your payroll department to have all or a portion of your pay cheque go directly to your KOHO account.
- Make sure your employer is using the exact information that is on your Direct Deposit form
- Since KOHO is a financial service and not a bank, we unfortunately do not have a swift code or IBAN number, nor can we accept international wire transfers
Setting up direct deposit of your paycheque into KOHO will allow you to receive an additional 0.5% in PowerUps for 90 days. See this article for details.
Please note that when you set up a new direct deposit to your KOHO account, we’ll need to review it before loading. This should be done by 11AM EST. As you continue getting direct deposits from the same source to your KOHO account, they’ll be loaded earlier in the day. If you haven't received a direct deposit by 11AM EST on your expected payday, reach out to us in-app to assist!
🙋 FYI - Direct Deposit can also be referred to as Pre-Authorized Credit (PAC) or Direct Load
Reach out to us in-app if you have any questions 🤔
tags: payroll, direct, load, deposit