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 interests).


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 instruction.

  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 transfer and select the transfer to bank account option

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

  4. Then use your Cowrywise PIN to verify.

You will get the funds in your bank account almost immediately.

Check out this video for the simple steps.

Did this answer your question?