Just a heads up, your KOHO account will need to be fully verified first before you can send an e-Transfer from KOHO.
To send an e-Transfer
🎯 If you're sending money to an email address already associated with a KOHO account, the funds will default to their KOHO account unless you choose to "Send an e-Transfer instead" on the last confirmation page.
In the KOHO app, tap Send Money
Enter the name and email of the person you want to send money
Enter the amount you want to send
You will then be prompted to create a Security Question and Answer
If the person you're sending funds to is also on KOHO, you can send them a free, instant KOHO to KOHO (K2K) transfer
Carefully review all the details you entered, as you will not be able to change the name of a Recipient once created
Click Send
If you're on the Everything plan, the e-Transfer will be sent instantly! Otherwise, it can take 90 minutes to 3 hours for the recipient to receive your e-Transfer
🙋 Just a heads up that the e-Transfer will come from KOHO Financial Inc. In the message details, your name will be in parentheses.
If you are having trouble sending an e-Transfer, check that:
All fields entered, such as recipient's name, security question and security answer are between 3 - 40 characters.
Security answer can not be the same as the security question.
No special characters ($,%,?) allowed for the security answer or security question
If you have a question mark in your security question, you would have to remove itCheck that you have not exceeded the Account Velocity Limits
🕔 If the recipient is not receiving the e-Transfer 🕔
The Interac network may have flagged your transfer for review. This process is manual and can take anywhere from 5 min to a few hours.
If you are experiencing issues, here are some tips:
You can try to cancel and resubmit the e-transfer
If the recipient has an alternate email address, try cancelling your current transfer and sending it to that one instead
Let us know through our in-app chat if you have any questions 💫