This is a new program which has gone into effect July 16th, 2019
How does the new program work? There are 2 components of rewards:
- Referrals - refer pals to KOHO and earn extra PowerUps* 👯♀️
- You and the friend you refer each earn 1% extra PowerUps on every purchase for 90 days
- The 90 day window begins as soon as they make their first purchase
- They must make their first transaction within 30 days of signing up
- You can refer up to 10 friends to KOHO, which means you can earn up to 10% in PowerUps for referring friends
- Once a friend signs up, they will permanently hold one of your 10 referral slots. Don't be afraid to give them a nudge if you see they haven't finished activating their account!
2. Direct Deposit - get your paycheque deposited into your KOHO account 🏦
- Earn 0.5% extra PowerUps on every purchase for 90 days after you receive your first Direct Deposit from an employer
- Your deposit must be a minimum of $500 to qualify (the extra PowerUps are generated once you receive a deposit of over $500)
- This is for new Direct Deposit users only. You're only eligible if this is the first time you're had $500 deposited by an employer into your account, but you can be eligible if you've previously received a deposit smaller than $500 into your account
- If you do not receive another paycheque deposit within the 90 day window, your extra 0.5% PowerUps will be paused
- To sign-up for Direct Deposit, find the Direct Deposit form in your app and use it to set this up with your employer
*For more information about PowerUps see this article
This extra cash back will be added to your existing PowerUp percentage.
PowerUps are available in your app 2-3 business days after each transaction.
Remember, you can see the individual PowerUps you’re earning on each transaction within your activity feed!
Reach out to us via in-app chat if you have any questions 💬