Get Your Money Faster with CRA Direct Deposit in KOHO

Setting up Direct Deposit with KOHO is quick, easy, and unlocks access to the Essential plan for $0. With us, your tax refund and government benefits land in your account faster¹.

Set up Direct Deposit

Still waiting for your government cheque?

Waiting on government benefits to arrive in the mail can cost you. Set up Direct Deposit with KOHO to avoid:

The risk of lost or stolen mail
The hassle of depositing paper cheques
The frustration of being late on bill payments while waiting for your cheque

Get your money a day early with KOHO

By setting up Direct Deposit in KOHO, your CRA payments arrive automatically—no waiting for mail and no trips to the branch. We process payments as soon as we get them¹. How fast is your bank?

Deposits arrive faster, usually the night before

You get the Essential plan for $0²

Get notified instantly when the money arrives

Access your money immediately with no holds

ADDED BONUS: GET ESSENTIAL FOR $0

Simply set up a recurring Direct Deposit for your paycheque or government benefits and you’ll unlock our Essential plan for $0², earning you:

2% interest on your entire balance—no minimums and no caps³
1% Cash Back on groceries, eating & drinking, and transportation⁴
International Money Transfer access
Over $100/year in value⁵

Pick the plan that’s right for you

The perfect plan for your needs	Essential $0/mo* Over $100/year in value** Get rewarded on everyday spending with Cash Back on the essentialsStart with Essential	Extra $12/mo Over $200/year in value** Get extra perks, extra cash back, and extra savingsSave now with Extra	Everything $14.75/mo Over $500/year in value** Get more than your money’s worth and earn the most rewards on KOHOEarn more with Everything
Benefits
Unlimited Cash Back on groceries, transportation, food & drinks	1%	1.5%	2%
Earn interest	2%	2.5%	3.5%
Free Credit Score
Crypto trading fees	0.5%	0.5%	0.5%
Instant e-Transfers
No Foreign Transaction Fees	-
Discount on Credit Building	-	30%	50%
Phone support

^{*Get Essential for free! Learn more
**This is an estimate. Actual savings may vary depending on individual spending habits and service usage}

Not sure which one speaks to you? Take our quiz to find the best plan for you.

Find a plan

How to set up Direct Deposit in KOHO

To set up Direct Deposit through our web portal, follow the steps found here or watch our How To video.

Step 1

Open the app

How to set up Direct Deposit in KOHO

To set up Direct Deposit through our web portal, follow the steps found here or watch our How To video.

Step 2

Tap the $ symbol

How to set up Direct Deposit in KOHO

To set up Direct Deposit through our web portal, follow the steps found here or watch our How To video.

Step 3

Tap ‘Direct deposit’

How to set up Direct Deposit in KOHO

To set up Direct Deposit through our web portal, follow the steps found here or watch our How To video.

Step 4

Download the Direct Deposit void cheque.

How to set up Direct Deposit in KOHO

To set up Direct Deposit through our web portal, follow the steps found here or watch our How To video.

Step 5

Ask your payroll department to have your paycheque go directly to your KOHO account, or submit it the void cheque to the CRA

Get your government benefits and tax refund faster

Open KOHO account

WHY OUR CUSTOMERS LOVE USING DIRECT DEPOSIT

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FAQS

It depends. Government issuers (CRA, Service Canada, ODSP, etc.) state that deposits can take up to 2 business days to fully process and appear in your bank account, even when everything is working normally.

If your payment is scheduled for today and isn’t showing yet, don’t worry, this timing is still normal. Your deposit may arrive later today, overnight, or within the next 1–2 business days. If it’s still missing after the 2 business days, reach out and we’ll start an investigation right away.

A delay of 1–2 business days is not considered a missing or failed payment.

It’s usually faster than having the CRA mail you a cheque. With Direct Deposit, your money goes straight into your KOHO account. There’s no waiting for the cheque to arrive in the mail, no risk of your mail getting lost or stolen, and no time spent having to deposit the paper cheque.

Most likely, yes! To be eligible for a Direct Deposit from the CRA, you must have filed at least one income tax return and have a SIN (Social Insurance Number) that doesn’t start with a 0.

Yes! You can have all or some of your paycheque or government benefits deposited to your Joint account. Simply follow the normal steps for setting up Direct Deposit in KOHO.

You can set up Direct Deposit with any KOHO plan or Joint account. Friendly reminder: setting it up gets you on our Essential plan for $0!²

You can receive these through Direct Deposit: Income tax refunds, Goods and services tax or harmonized sales tax (GST/HST), credit, Canada child benefit (CCB), Canada workers benefit (CWB),Canada Pension Plan (CPP), and Old Age Security, (OAS) Ontario trillium benefit, and (OTB) B.C. family benefit. For full details, visit the government website.

It means that once you set up Direct Deposit for that payment type (whether it’s your paycheque or government benefits), it will continue to be deposited to your account every time you are paid. In other words, set up Direct Deposit once to your KOHO account and you never have to worry about setting it up again. (And get the Essential plan for $0 while you’re at it.)

Still have questions?

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