One of the most important aspects of saving with Cowrywise is knowing how to withdraw your funds when you need them.
In this post, we will provide a step-by-step guide on how to withdraw from Cowrywise, including when you can withdraw, how to withdraw, and how long it takes to process the withdrawal.
Whether you are saving for a short-term goal or a long-term dream, this guide will help you understand the withdrawal process and ensure that your hard-earned savings are easily accessible when you need them.
Withdrawing your savings from Cowrywise is a simple process that can be done online. Here is a step-by-step guide on how to withdraw from Cowrywise.
Ways To Withdraw From Cowrywise
When Can I Withdraw My Money
Withdrawals from locked savings plans on Cowrywise can be done on or after the maturity date chosen for the plan.
This is done to ensure committed savings and effective investments of your saved funds. However, the longer your plan is locked on Cowrywise, the more returns you will earn as your savings earn returns daily.
How to Withdraw Money From Cowrywise?
Withdrawing your money is easy, simply follow these steps:
Click on “Save” (Select either regular or circles).
Click on the plan you want to withdraw from and select “Proceed”.
Under “Stop Saving”, click on “Transfer to Stash” (Note: To withdraw to your bank account, you need to send the funds to Stash first).
Select “Withdraw to Stash”.
Select “Proceed” and enter the amount you want to withdraw.
Set a new maturity date for subsequent savings.
Choose if you want Cowrywise to save for you automatically subsequently or if you would prefer to save manually.
Click on “Make Withdrawal”.
Your funds will move from your matured plan to your Stash, you can then send the funds to your bank account from there at any time.
Withdrawing from Stash
To withdraw from your Stash, follow these steps:
Go to the Stash page
Click on “Transfer” and select the “Transfer to bank account” option
Type in the amount you want to withdraw taking note of the withdrawal fee.
Use your Cowrywise PIN to verify
You will get the funds in your bank account almost immediately.
How To Withdraw From Cowrywise Before Due Date?
You can withdraw from Cowrywise before the due date If you have created an emergency plan. The emergency plan allows you to withdraw funds anytime when you need them.
But if you have created a savings plan only, then you can not withdraw before the due date or maturity date because the policy of Cowrywise does not saving account users to withdraw before the maturity date..
Final Thoughts
No doubt that cowrywise is one of the top apps to make money online in Nigeria and withdrawing from Cowrywise is a simple and straightforward process.
By following the above steps, you can easily withdraw your savings from Cowrywise and have them transferred to your bank account in no time.
