# KOHO introduction of Cover cash advance feature

> Live situation record from CLSTR: https://clstr.news/situations/koho-introduction-of-cover-cash-advance-feature
> Updated: 2026-09-26T05:10:22.000Z. Sources: 4. Developments: 2.

Canadian fintech company KOHO has introduced a short-term liquidity feature called ‘Cover’ to assist eligible account holders with cash-flow gaps. Initially described as a service allowing users to access up to $250 to manage unexpected expenses, the feature is part of a paid subscription bundle and does not charge interest on the advances themselves.

Subsequent details indicate that the service functions as an interest-free cash advance available without credit checks or income verification. While the company has advertised a maximum potential limit of $500, actual amounts are determined by KOHO based on individual account activity, with approval not being guaranteed for all users.

## Timeline

### 2026-09-26: KOHO offers interest-free cash advances via Cover

KOHO provides Cover, an interest-free cash advance feature in its app that offers up to $500 without credit checks or income verification, subject to account activity and approval.

2 sources. https://clstr.news/cluster/koho-offers-interest-free-cash-advances-via-cover

### 2026-09-22: KOHO offers short-term cash advances via Cover feature

Canadian fintech KOHO offers Cover, a subscription-based feature providing eligible users with up to $250 in short-term cash advances to manage minor liquidity gaps.

2 sources. https://clstr.news/cluster/koho-offers-short-term-cash-advances-via-cover-feature

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Cite as: KOHO introduction of Cover cash advance feature. CLSTR, https://clstr.news/situations/koho-introduction-of-cover-cash-advance-feature