Advertiser Disclosure

The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. Read our disclosure.

KOHO Early Payroll: Get $100 Before Payday and Save on Fees

If you find it challenging to cover your bills just before your next payday arrives, KOHO Early Payroll is here to help.

This feature on the innovative KOHO app makes $100 available three days before your paycheque is deposited into your account.

Early Payroll is free of charge, and the KOHO app and prepaid Mastercard also pay you up to 5% cash back on all your purchases.

Read on to learn about how the KOHO Early Payroll feature works.

**Note that KOHO Early Payroll has been replaced by “Instant Pay for Employees,” a service that gives employees on-demand access to their pay.**

What is KOHO?

KOHO is a free chequing account that offers a versatile mobile app and a prepaid card you can use from anywhere (online and in-store) where Mastercard is accepted.

Unlike a traditional chequing account, a KOHO account is free and can help you save on outrageous bank fees.

The KOHO app and prepaid Mastercard offer a ton of benefits, including:

  • 1% cash back on groceries and bill payments; up to 2% cash back with KOHO premium
  • Up to 5% cash back at participating retailers
  • Interest is paid on your entire balance
  • Automatic saving of your spare change
  • $0 monthly account fees, e-Transfer fees, or NSF fees
  • Expense tracking and budgeting capabilities
  • Security of your funds via CDIC
  • Free financial coaching
  • Payment options via Apple Pay and Google Pay

KOHO is available as a personal, joint, or premium account. It is not a credit card and does not affect your credit score.

Get more details about what KOHO offers in this KOHO Mastercard Prepaid Card review.

When you sign up here, you receive a $20 bonus (use our CASHBACK referral code).

KOHO Early Payroll Review

What is KOHO Early Payroll?

This new KOHO feature gives users access to $100 three days before their paycheque arrives. What this means is that if funds are tight before your payment date, you may no longer need to seek out a payday loan.

Early Payroll gives you access to $100 for free (no fees or interest), and when your paycheque arrives, the amount is deducted. Simple as that!

To use Early Payroll, simply get KOHO and set up a direct deposit. Once you have completed this step, you can opt into the Early Payroll program.

You also earn an extra 0.50% in cash back for 90 days when you select direct deposit and receive your first deposit of $500 or more.

With KOHO, there are just so many ways to earn cash back. And this service saves you the ridiculous interest rates charged by predatory payday loan services in Canada.

Sign up for KOHO Early Payroll.

Is KOHO Safe?

KOHO is legit. They have partnered with Peoples Trust, a federally regulated bank so that your money is insured by Canada Deposit Insurance Corporation for up to $100,000.

Over 500,000 Canadians use KOHO to save on fees and earn cash back. It’s no wonder the app is featured on our list of the best cash back apps in Canada.

KOHO Early Payroll

What Does KOHO Cost?

A regular KOHO account is free and has no monthly maintenance fee. You earn cash back when making purchases using the card.

Users can choose to upgrade their account to KOHO Premium and earn up to 2% cash back on transportation, groceries, and restaurant spending, plus pay no FX fees when they shop abroad.

KOHO Premium has a $9 monthly fee.


I have been a KOHO user for close to 2 years now and have enjoyed it so far.

$0 fees and a ton of cash back earned since joining make it a no-brainer, and I happily recommend it to others.

Best Freebies and Deals This Month

Get a $20 bonus and up to 5% cash back with this free prepaid card

Best free reloadable prepaid card (use CASHBACK referral code for $20 bonus).

Earn unlimited 1% cash back on groceries and gas & up to 5% at partners.

Enjoy automatic savings and earn up to 2% interest on your balance.

Increase your credit score fast with Credit Building.

Best FREE chequing account offer in Canada with $400 cash bonus

$400 cash bonus when you deposit $100 for three months.

Forget about monthly account fees or minimum balance requirements.

Unlimited free debits and Interac e-Transfer transactions.

Earn high-interest rates on a free savings account (6.00% promo).

Get the prepaid card that pays interest and unlimited cash back

One of the best no-fee prepaid debit cards in Canada.

Get 0.50% unlimited cash back on all purchases.

Earn 2.50% interest on your entire balance.

No ATM withdrawal fees and no FX fees when you spend abroad.

Retirement 101 eBook - 3D


Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in Forbes, The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

1 thought on “KOHO Early Payroll: Get $100 Before Payday and Save on Fees”

  1. Gravatar for Leslie Trotter

    I might suggest backing off promoting KOHO as an all around credit card.
    I got their card in June and it works fine domestically and in-person as a VISA card. I can say however it does NOT work for online purchases or where currency exchange is a factor – and that is the main reason I paid for the premium-0% FX fees.
    Additionally, nobody answers the 1-800 on the back of the VISA card – it rings for hours.
    And their “chat” has delays of several days which is completely useless.
    I think my next step is to connect with The People’s Trust Bank to inform them that if they are associated, they need to live up to their promises because currently they are failing badly.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • Best free chequing account offer in Canada!
  • Get a $400 cash bonus*
  • Unlimited free transactions and no monthly fees.
  • Unlimited free Interac e-Transfers® 
*Terms and conditions apply. Limited time offer.
Get a free chequing account and $400 cash bonus! Unlimited free transactions and no monthly fees!
*Terms and conditions apply. Limited time offer.