KOHO Cover is an interest-free cash advance of up to $250 inside a KOHO spending account. Cover starts at $2 a month, plus whatever KOHO account plan you use. Funds are instant in the app. Cover cannot be sent by Interac e-Transfer.
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KOHO Cover at a glance
KOHO Cover
Instant in the app- Amount
- Up to $250
- Cover fee
- From $2 a month
- Sends Interac
- No
KOHO is a prepaid Mastercard spending account, meaning a reloadable card and balance that is not a bank chequing account. Cover is an add-on you switch on in the app. It is not the same as KOHO’s overdraft feature. There is no credit check for the advance, and KOHO says Cover approval is guaranteed for subscribers. That does not mean every user gets $250. An automated system assigns the amount.
Cover cannot be sent by e-Transfer or KOHO-to-KOHO transfer, added to Goals or Vault, or used to earn interest. Use it for card purchases, bills and automatic payments.
Check KOHO Cover eligibilityPartner link
Is KOHO Cover legit?
Yes. KOHO is a Canadian financial technology company offering a prepaid Mastercard and spending account. Cover is a real cash-advance bundle advertised on koho.ca. KOHO says approval for Cover subscribers does not involve a credit check. Identity and KOHO-account checks still apply. “Guaranteed approval” is about getting some Cover amount, not about getting $250.
How KOHO Cover works
Open a KOHO account and subscribe to the Cover bundle. KOHO adds the eligible advance to your Spendable balance immediately. Use it for card purchases, bills and automatic payments. Repay any time. No interest or late fee is advertised, but unpaid Cover can block future access, and balances outstanding longer than three months may be reported to credit bureaus at KOHO’s discretion.
The Interac gap is the practical one. If you need to send the money to someone else’s account, or to a different bank of your own, Cover will not do that. Bree, Wagepay and Nyble can move money out of the app. See apps like KOHO for that comparison.
KOHO Cover fees and account plans
Cover pricing and KOHO account pricing are separate. Confirm the exact bundle fee in-app before you subscribe.
Cover bundle
- Fee
- Starts at $2 a month. Varies by advance amount and included benefits.
- Interest on Cover
- 0%
- Advance fee
- $0
Essential account
- Fee
- $0 a month with a recurring paycheque or government-benefit deposit, or $1,000 or more deposited a month
- How to get $0
- Recurring paycheque or government-benefit deposit, or $1,000 or more deposited a month
- Extras
- Free Equifax credit report, money coaching, priority support on Cover
Extra account
- Fee
- $12 a month
- On top of Cover?
- Yes. Cover is a separate bundle.
- Confirm
- In the KOHO app before you switch plans
Everything account
- Fee
- $14.75 a month
- On top of Cover?
- Yes. Cover is a separate bundle.
- Confirm
- In the KOHO app before you switch plans
How much can you borrow?
KOHO advertises advances up to $250. Your limit is generated from account history and may start lower. KOHO says regular spending, bill payments, on-time Cover payments, recurring memberships and a positive balance may improve eligibility for an increase. Support cannot raise it by hand.
Who is eligible?
KOHO markets Cover to Canadian KOHO users who subscribe to the bundle. It advertises no credit check and no proof-of-income requirement. You must still satisfy KOHO account identity and residency rules, and the automated system sets your advance amount. Canada, no province list published.
KOHO Cover vs Bree, Nyble and Wagepay
KOHO fits an existing KOHO user who wants instant spending inside the account. It is a poor fit if you need Interac, more than $250, or $0 with no monthly plan.
KOHO Cover
- Where it works
- Canada, no province list published
- Sends Interac e-Transfer
- No
- Builds credit
- No check to approve. Unpaid balances over three months may be reported.
- Ceiling
- $250
Bree
- Where it works
- Canada, no province list published
- Sends Interac e-Transfer
- Standard goes to your chequing account
- Builds credit
- No
- Ceiling
- $750
Nyble
- Where it works
- Canada, no province list published
- Sends Interac e-Transfer
- Yes, on the funded line
- Builds credit
- Yes. Reports on-time payments to Equifax.
- Ceiling
- $250
Wagepay
- Where it works
- Licensed payday lender: British Columbia #86410, Ontario #4741466, Alberta #359836
- Sends Interac e-Transfer
- Yes, usually minutes
- Builds credit
- No. Licensed payday lender, BC 86410, Ontario 4741466, Alberta 359836. Employer is never contacted.
- Ceiling
- $1,500 for returning customers
Bree: up to $750, $0 standard delivery in about 3 business days. Nyble: $30 to $250, free base, $11.99 a month optional for instant transfers. Wagepay: $100 to $1,500, establishment fee up to 14% ($14 on $100). Full methodology: Canada fee matrix.
Best amount path
KOHO fits $100 to $250 once your limit allows, and only if spending inside KOHO is enough. Amounts above $250 belong on Bree, Wagepay or a personal loan, not on a second KOHO Cover draw.
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Frequently asked questions
Does KOHO Cover check credit?
KOHO says no credit check is used for Cover approval. Identity and KOHO-account checks still apply.
Can I get $250 immediately?
Not necessarily. $250 is the published ceiling. KOHO’s automated system sets your eligible amount.
Can I e-Transfer KOHO Cover?
No. KOHO’s current FAQ says Cover cannot be sent by e-Transfer or KOHO-to-KOHO transfer.
Does KOHO Cover affect credit?
No credit check is advertised for approval, but KOHO says balances outstanding longer than three months may be reported to credit bureaus at its discretion.
Is KOHO better than Bree?
KOHO is better for an existing KOHO user who wants instant spending inside the account. Bree offers a higher published limit ($750) and $0 standard delivery, but free delivery takes about 3 business days. Read the Bree review.
KOHO Cover fees and limits are as published in our KOHO Cover review. Bree figures are from Bree’s Google Play listing, checked 19 August 2026. Wagepay licence numbers are from Wagepay’s help centre. How we compare apps · Last checked