A bundle of value
With the Cover bundle, you get a lot more than cash. Here’s what’s included and how it helps you now and can help you down the road.
One monthly fee. Zero interest.
Get interest-free cash advances up to $250, your free Credit Report, fast lane support, and Financial Coaching. Plans start at just $2/month—subscribe today and access your cash advance immediately in-app
Cash Advance
Get instant access to up to $250 for unexpected bills, making it to your next paycheque, or anything else you didn’t see coming
Financial Coaching
Receive personalized guidance from our certified financial coaches at no added cost, valued at more than $80 per session. Getting help is as simple as asking a question in-app and adding #coach to your message. Whether it’s budgeting, managing debt, or learning how to save, they’re ready to help you make money progress
Credit Report*
We’ve partnered with Equifax to let you know where you stand with regular credit report monitoring through the Cover bundle. Once you’ve subscribed, simply find the Credit Report icon in the Discover page in-app. You’ll see your most recent credit score and credit report
Priority Support
Cover bundle subscribers get priority customer service 24/7. You’re guaranteed faster support. Something urgent? We’ll escalate your issue to get it resolved faster
FAQS
A cash advance gives you instant access to funds to cover emergency expenses, or unexpected purchases, like a car repair, or a pet emergency. Typically, you need to repay the funds by a set date. Most cash advances charge interest, but with Cover, you’ll never have to pay interest*.
*Access to the Cover cash advance is subject to a subscription to the paid Cover bundle
Everyone! All users who sign up for the Cover bundle will get instant access to funds! You also get a free credit report, financial coaching, and fast lane support. Over time, you can unlock a higher limit bundle. While our system automatically determines your eligibility, you can help your chances of an increase by regularly using your KOHO Spendable account and paying your monthly fees on time.
After you sign up for the Cover bundle, we’ll add the cash advance that you selected straight into your KOHO account to use right away. Your Cover balance is displayed separately from the other money in your account.
Our Financial Coach can help you with advice and guidance on a variety of topics. Here are some examples:
Financial Guidance
- Debt Management: Strategies and advice on managing and reducing debt
- Budgeting and Savings: Tips and plans for effective budgeting and saving money
- Understanding and Improving Credit Reports and Scores: Guidance on how to read credit reports and improve credit scores
- Planning for Future Purchases: Advice on financial planning for significant purchases, such as buying a home
Educational Support
- Building Credit History: Information on how to build and maintain good credit
- Types of Financial Accounts: Explanation of different financial accounts, including chequing, savings, and secured lines of credit
- KOHO vs. Traditional Financial Products: Understanding how KOHO's offerings differ from traditional financial products
- Credit Cards: Key aspects of credit cards, including annual fees, interest rates, and cash-back options
- Avoiding Credit Card Interest: Tips on how to avoid paying interest on credit card balances
- Credit System: How the credit system works and its impact on various applications, such as renting or applying for credit cards
- Credit Bureaus: Information on the two different credit bureaus in Canada and the types of accounts reported to them
Your Credit Report shows your borrowing and payment history, giving you a daily look at how you’re doing and what you could do to improve your score. Your credit report is updated monthly and reflects the most current information on your credit history.
With KOHO, you can access your credit report at no added cost by subscribing to the Cover bundle, Credit Building, or the Everything plan.
Signing up to the Cover bundle gets you fast lane support, and you chat with our friendly team in 2 ways. In the app: sign into KOHO, go to your profile section, then head to Support. On our website: sign into your account on web.koho.ca and then go to Get Help.
Our blog can help make money make sense
Discover news, stories, and thoughts on money management—written for us regular folks, not people in high finance.
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*The credit score and information provided is for educational purposes only. Lenders and other commercial users may use a different type of credit score and information when making credit decisions.