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How to withdraw matured funds on Cowrywise
How to withdraw matured funds on Cowrywise

Guidelines on how to withdraw from a matured savings plan to Stash, then from Stash to your bank account.

Ope avatar
Written by Ope
Updated over a week ago

When can I withdraw my money?

Withdrawals from locked Savings Plans can be done on or after the maturity date chosen for a plan. This is a way to ensure committed savings and effective investments of your saved funds (if you decide to earn interest).

However, the longer your plan is locked on Cowrywise, the more returns you will earn as your hard-earned savings get returns daily.

How do I withdraw my money?

Withdrawing your money is as simple as giving online instructions.

  1. Login to your account

  2. Click on Save (Select either regular or circles)

  3. Click on the plan you want to withdraw from and select Proceed

  4. Under stop saving, click Transfer to Stash (to withdraw to your bank account, you need to send the funds to Stash first)

  5. Select Withdraw to Stash

  6. Select Proceed and enter the amount you want to withdraw

  7. Set a new maturity date for subsequent savings

  8. Choose if you want us to save for you automatically subsequently or if you would prefer to save manually

  9. 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 at all.

To withdraw from Stash:

  1. Go to the Stash page

  2. Click on the three-dotted icon at the top right of the page

  3. Select the withdraw option

  4. Click Got it on the information modal that comes up

  5. Select the bank to withdraw to

  6. Type in the amount you want to withdraw taking note of the withdrawal fee.

  7. Then use your Cowrywise PIN to verify.

Now, wait for your funds to be processed. Your withdrawal will be processed 24 hours after it is initiated.

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