What is Early Payroll?

With KOHO Early Payroll, you can get $100 of your paycheque earlier. We understand life comes with unexpected surprises and we want to be there for you to pay off those expenses/bills.

How much is it?

It's free if you can wait a bit — we’ll give you $100 3 days before your next paycheque with Early Payroll Free. If you’re in a pickle and need money immediately, you can get access to $100 for $5 and our in-house financial coach with Early Payroll Instant*. For Early Payroll Instant, you first have to register for the bundle and then request the loan.

Will this affect my credit score?

Nope, this won’t impact your credit score. No credit applications either!

When can I use this?

With Early Payroll Free, you are able to access $100 up to 3 days before your next scheduled paycheque. With Early Payroll Instant, you can access the $100 any time for 15 days. As soon as your first direct deposit over $100 hits your KOHO account, you'll have the option to enrol in-app. You will need to have received a direct deposit of at least $100 to your KOHO account before to unlock this feature!

How do I repay?

We will subtract the $100 amount borrowed on your next scheduled pay date — you can take a peek in-app for the exact date. The $100 will also be paid back if you happen to receive a direct deposit anytime before the scheduled pay date. If we cannot collect the $100 on your next paycheque, we will attempt to collect the next time the money is available in your account. If you are using Instant, $5 will be debited from your account when you register. Or, you can manually repay in-app anytime.

How can I cancel?

Select "Cancel Early Payroll" from the Early Payroll section in your app, and hit "Cancel enrollment" to confirm. You can also try Early Payroll Instant for $5 and you can request a refund in-app if you don't use it!

*Early Payroll Instant is not available in Saskatchewan yet!

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