We now support pre-authorized debits (PADs) from your KOHO account

How to set up automatic withdrawals 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 an institution and branch number) in your KOHO app under the $ icon > Pay Bills > Get Account Info

  • 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 10 PADs issued to your account 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: At the moment, you can't pay a credit card account through a PAD from your KOHO account. However, you can do bill payments through the app. We also are not set up to support a PAD from gambling or payday loan companies. If you have questions about the payments you can make from your KOHO account, contact us.

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

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