# When will my cheque deposit be available? > Note Cheque deposit is new and is currently available to a small group of users It isnt available to everyone yet but this may change in the future Some Source: https://help.koho.ca/en_us/when-will-my-cheque-deposit-be-available-rk8wp7Nqfl Last updated: 2026-11-03T15:55:28.716Z **Note:** Cheque deposit is new and is currently available to a small group of users. It isn't available to everyone yet, but this may change in the future. Some or all of your cheque may be held while it's being processed. When your money becomes available depends on how long your KOHO account has been open. ### **If your account is more than 90 days old:** * **Cheques under $100:** The full amount is expected to be available by the next business day. * **Cheques of $100 or more:** The first $100 is expected to be available by the next business day. The rest becomes available at the end of the applicable hold period below. ### **If your account was opened in the last 90 days:**  * The full amount is held until the end of the applicable hold period below. Early access to the first $100 isn't available on newer accounts. These are the standard hold times for most cheque deposits: **Cheque amount** **Maximum hold** $1,500 or less Up to 5 business days after the day you deposit More than $1,500 Up to 8 business days after the day you deposit Your money may become available sooner. In some cases, a hold may last longer. If that happens, we'll reach out to let you know. Business days are Monday to Friday, excluding [banking holidays](https://help.koho.ca/en_us/canadian-banking-holidays-and-koho-HyCthsqUl). We need to receive your cheque by **6 p.m. ET** for that day to count as the deposit day. If you submit it after 6 p.m. ET, on a weekend, or on a banking holiday, we receive it on the next business day. For example: * **Friday at 2 p.m. ET:** We receive the cheque Friday, so Monday is the next business day. * **Friday at 8 p.m. ET:** We receive the cheque Monday, so Tuesday is the next business day. * **If Monday is a banking holiday:** We receive a cheque submitted over the weekend on Tuesday. * * * ## **Why is some of my cheque on hold?** Cheque deposits take time to process while the funds are confirmed with the financial institution that issued the cheque. A hold doesn't necessarily mean there's a problem with your cheque. It means some of the money isn't available to use yet. Keep in mind that funds becoming available doesn't mean the cheque has fully cleared. A cheque can still be returned after some or all of the money becomes available. * * * ## **Why do I see two cheque transactions?** When you deposit a cheque, you may see two lines in your transaction activity: * **Cheque deposit:** Shows the full amount of your cheque * **Cheque hold:** Shows the portion of your cheque that's still on hold The **Cheque deposit** shows the original amount you deposited, while the **Cheque hold** reflects how much is still unavailable to spend. As funds are released from the hold, the amount shown under **Cheque hold** may change. Any amount that's still on hold won't be included in your Spendable balance until it's released. The hold line stays in your transactions until the hold period ends. 💡 **Note:** Seeing the full amount under **Cheque deposit** doesn't mean the full amount is available to spend. Check your **Spendable balance** or **Deposit progress** to see how much is currently available. * * * ## **Do held funds earn interest?** No. Cheque deposits that are on hold do not earn interest. Interest starts once the funds are released and added to your Spendable balance. If only part of your cheque is available, only that available amount counts toward interest. * * * ## **Why is my hold taking longer than expected?** Sometimes a cheque needs additional processing or review before the funds can be released. If your hold takes longer than expected, we'll reach out to let you know. * * * ## **How do I check the status of my cheque?** Your cheque deposit will appear in your transaction list after you submit it. Tap your cheque deposit and check **Deposit progress** to see: * How much is available * How much is still on hold * When the rest is expected to become available Once the full amount is available, the cheque hold will disappear, and only the cheque deposit will remain in your transaction list. * * * ## **Will I get notified?** Yes. We'll send you a notification when: * Your cheque is deposited * A hold is placed on your deposit * Some or all of your held funds become available * Your cheque is returned You can also check **Deposit progress** in the KOHO app anytime. * * * ## **Where does my money go?** As your cheque funds become available, they're added to your Spendable balance. If you owe money to KOHO, some or all of the available funds may be collected automatically. For example, this could include: * Cover you've used * Overdue fees or subscription payments * Loan repayments or other amounts you owe KOHO Your Spendable balance can also change if other payments or charges are processed after your cheque funds become available. You can't deposit a cheque directly into your Goals or Vault. Any funds remaining in your Spendable balance can be moved to Savings or Vault whenever you'd like. * * * ## **What does it mean if my cheque was returned?** A returned cheque means your cheque was initially accepted for deposit, but the financial institution it came from later didn't pay it. This can happen if: * There wasn't enough money in the account * A stop payment was placed on the cheque * The account was closed * The cheque couldn't be processed for another reason If your cheque is returned, you’ll see a **Cheque Return** in your transaction activity feed, and the deposit will be reversed. If you’ve already spent some or all of the money, your Spendable balance may go negative. Keep in mind that a cheque can still be returned after some or all of the money has become available. KOHO can't reinstate a returned cheque. You'll need to contact the person or organization that gave you the cheque to arrange another payment. * * * ## **Can I cancel a cheque deposit?** Once your cheque has been sent for processing, it can't be cancelled. If you deposited a cheque by mistake or have concerns about a deposit you've submitted, contact our support team through the KOHO app or KOHO Web.