Setting Up a Direct Load with Koho 💰

The easiest way to keep your Koho account funded is using our Direct Load option. Did you know you can have a percentage of your paycheque loaded automatically into your Koho account (and have it immediately available for use)?

By setting up a Direct Load, you’ll never have to remember when to fund your Koho account.

Here are a few other benefits you may not be aware of:

1. Split your paycheque

A common misconception about Direct Load is that you have to put your entire paycheque into your Koho account. Not at all! You can split the percentage (%) of how much you want going into your existing chequing account and how much you want to go into your Koho account.

So what’s the right amount to Direct Load into Koho? We recommend using the simple 50-30-20 rule for budgeting. Depending on what you’re using Koho for, we’d recommend putting in a Direct Load of anywhere from 30% (to track discretionary spending only) to 50% of your paycheque (to track discretionary spending + savings for Koho Goals).

2. Tons of options to Move Money

With more options than ever, the money you have in your Koho account can be moved into your other accounts with little effort. Whether it be ATM withdrawals, Bill Pay, e-Transfers… you’ll always have access to your funds when you need them.

To get started on Direct Load, follow these steps:

Step 1: Open up the Koho app

Step 2: Tap Move Money > Add Funds > Direct Load

Here you will see your unique Koho account information that’s needed to update your payroll information. We’ve also allowed you to download the info as a PDF so that you can simply forward it on to your payroll administrator.

Hope you take advantage of the most convenient way to fund your Koho account! As always, if you have any questions on how to set up your Direct Load with Koho, feel free to reach out to us on our in-app chat or!

About the Author

Lynn Shinto


Community Manager