We know that sometimes it can get confusing when you see the Earn Interest option on your KOHO account. However, we want you to know that KOHO does offer Interest but on an opt-in basis.
What does this mean for you?
- When you first sign up, you are not enrolled to Earn Interest
- In order to Earn Interest, users have to opt-in and agree to the specific Earn Interest Terms and Conditions
- If you accidentally opt-in or want to opt-out of earning interest, you can reach out to the User Success team to be off-boarded. If you off-board before the next payout, you would agree to forfeit the amount or will have to wait until the next payout.
How to check if you have enrolled to Earn Interest?
- Under the Spend tab, you scroll down and look for the box that says Earn up to 4.5% interest
- If it says Unlock = you did not enrol yet
