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

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by Enoch Omololu


Advertiser Disclosure

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

This new feature on the innovative KOHO app makes $100 available 3 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 2% cash back on all your purchases.

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

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:

  • 0.50% cash back on all purchases; up to 2% cash back with KOHO premium
  • 1.20% interest rate on your entire balance when you set up a direct deposit
  • Automatic saving of your spare change
  • $0 monthly account fees, e-Transfer fees, or NSF fees
  • Early access to $100 from your paycheque
  • 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 175,000 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 0.50% on any purchases you make 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 Promotions & Deals in Jul 2022

Get a $20 welcome bonus with the KOHO app and up to 10% cash back

Free reloadable prepaid card (use CASHBACK referral code).

Earn 0.50% cash back on all purchases and up to 10% at select partners.

Save automatically and earn 1.20% interest on your balance.

Get 3-day early access to $100 of your paycheque for free.

Increase your credit score fast with Credit Building.

Best FREE chequing account offer in Canada with $350 cash bonus

$350 cash bonus when you deposit $100 for 3 months.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account fees or minimum balance required.

Earn high interest rates on a free savings account.

Earn up to 10% cash back for a limited time ($100 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories; 0.50% everything else.

Get 10% bonus cash back in the first 2 months ($100 value).

1.95% balance transfer offer for 6 months.

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Enoch Omololu

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 has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

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. 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.

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