Double Your December Pay Contest

KOHO is a Fintech company rooted in the belief that better financial solutions for all Canadians exist. They offer an everyday spending and savings account currently loved by over 1.7 million Canadians. KOHO combines the functionalities and benefits of a traditional financial institution, with the goal of enhancing and simplifying personal finance management. No hidden fees, no fine print, no catch — just the ultimate way to spend and save.

KOHO gives you instant access to your payouts via the KOHO app and KOHO Mastercard. With KOHO, you now have enhanced money management tools and perks:
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Yes! Like AnyDay, KOHO offers both a personal app and a prepaid Mastercard. Once you sign up for your KOHO account, you can request to have your prepaid Mastercard delivered straight to your home. To make things even easier, you can use your KOHO instant virtual Mastercard as soon as you set up your account.

If you choose to receive instant payouts via KOHO, their support team will be able to assist you going forward. Please field all inquiries about your KOHO account and any questions about your card within their app.

No. Your AnyDay card and account will continue to work as usual, and you'll still receive payouts from your employer for now.

On your move date, Thursday, December 12th (for The Drake Hotel employees) and Saturday, December 14th (for Drake Devonshire employees), we will send you another alert and guide you through a simple process to transfer your payouts to your new KOHO account. No action is needed yet—just watch for an email with instructions on Thursday, December 12th (for The Drake Hotel employees) and Saturday, December 14th (for Drake Devonshire employees).

If you don’t receive the email (for example, if we don’t have your email on file), simply head to your AnyDay app and make sure it’s updated to the latest version. Once updated, a large KOHO banner will appear on your home screen. From there, you’ll be guided through the steps to move your payouts to your new KOHO account.

Yes. If you’re unable to open a KOHO account (if you are under the age of 18), don’t worry — you will have another option to receive payouts from your employer, which is the new Scheduled payouts option. Scheduled payouts are sent directly to a bank account of your choosing that you set up within your AnyDay app (a reminder to please update to the latest version of the AnyDay app on your move date). With Scheduled payouts, your payouts are visible in-app as they accumulate and are sent to your bank account of choice on the 1st and 15th of each month.If at any point you want to switch from Scheduled payouts to instant payouts with KOHO, you can switch at any time within your AnyDay app (in settings).

Yes, you must be 18 to open a KOHO account. If you are under the age of 18, you will need to sign up for Scheduled payouts via your AnyDay app. Once you turn 18, you can make the switch to KOHO and enjoy the benefits!

Your move date is scheduled for Thursday, December 12th (for The Drake Hotel employees) and Saturday, December 14th (for Drake Devonshire employees). This is the day that tip payouts will no longer be paid to your AnyDay app & card. You can continue to use their AnyDay app and card to spend down or transfer funds.

‍Important: On your move day, you will not be able to receive your payouts until you have made your new payout choice (instant payouts with KOHO or Scheduled payouts to your chosen bank account). Once you’ve made your choice and set up your account, you will start to receive payouts as normal.

We are providing you with as much information as possible ahead of time so that there are minimal-to-no disruptions to receiving your payouts.

On Thursday, December 12th (for The Drake Hotel employees) and Saturday, December 14th (for Drake Devonshire employees), you will be alerted by email that it’s time to move with additional details to guide you through the process. If you do not receive an email (not on file for us), you can head into your AnyDay app, update your app to the latest version and you will see a new KOHO banner prompting you to make your move to KOHO.

We are also very excited to announce that we will be joining your team on site for your move day to support you in person and answer any questions that you have.

Our friends at KOHO are welcoming you to the family by giving you a chance to win double your December Pay! This contest is exclusive to The Drake Hotel and Drake Devonshire employees - which means you have amazing odds of winning.

To enter, all you need to do is download the KOHO app by December 17th, 2024 and set up your Direct Deposit by December 31st, 2024 and you’ll be entered into a random draw to win. The winner will be randomly selected and announced on Friday, January 3rd, 2025.

Not to worry. On your move date, you will still follow the same in-app move process as someone who is new to KOHO. We’ve worked with KOHO to detect if you have an existing account and we’ll link up your payouts to it.

Your payouts are automatically accumulated and visible in your AnyDay app. You will easily see records of each payout made by your employer, when your current pay cycle started, when it ends and when a payment will be issued (either on the 1st or 15th of each month).

On the 1st and the 15th of each month, you can expect to receive your accumulated payouts directly to your chosen bank account that you’ve set up within your AnyDay app.

No, your account details are encrypted for security and saved in your AnyDay app. You will only have to enter your banking details once.

​​Yes.This is the new and improved AnyDay Payments program and is the go-forward offering across Canada. This is not available in the U.S.

We have worked hard to come up with payout options that benefit both you and your employer. If you do not want either option, please speak directly with your employer.

We are here to help you with this transition, every step of the way. If you have more questions, please submit them here and we will get back to you as soon as possible with additional details.