Funding your savings or investment plans on Cowrywise can be done with your debit card, direct bank transfers and using your virtual wallet on Cowrywise called Stash.
You can add your card either at the point of creating a plan or by following these steps;
Tap on Payment from the Profile options.
You will be charged ₦100 at the point of adding your card to verify the card. The amount charged will be credited to your savings plan.
Note: If you are a new user, it is advisable to add your card at the point of creating your plan.
What if I don't have a debit card or I'm having issues adding the one I have?
If you don't have a card or are having issues with your card, there are two alternatives to fund your plans:
Bank Transfer
The Bank Transfer option allows you to fund your plans with a virtual account number which is generated for you every time you need to add money to your plan. You can make a transfer to that account number and it will be directly credited into your savings or investment plans.
To use this option:
Go to the specific plan you want to fund
If it's an already created plan, input how much you want to save. For new plans, select the "just this once" option when asked how often you'd like to save
Select bank transfer as your preferred payment method
Copy the account number and transfer that exact amount to it
Please note that you after to complete the transfer to the account number within 1 hour. Any transfer made to it after 1 hour, would be credited to your Stash.
How to Fund a Plan from My Stash
The Stash is a virtual wallet on the Cowrywise app. The wallet icon on the bottom bar of the app will take you to the Stash page. You can receive funds from your savings and investment plans into your Stash. Funds in your Stash can also be transferred to a savings plan, investment plan, or your own bank account.
To fund a plan, first, make sure there's some money in your Stash. Once your Stash is funded, you can also go to the Stash page to do a transfer from Stash.
Transfer to an existing plan from Stash:
Select the plan type (i.e. savings, naira investment or dollar investment) you want to fund
Input the amount to transfer to the plan.
Stash will be pre-selected as the payment option for you.
Click on Pay to proceed with the payment.
P.S. If you're a new customer with no existing plan, simply select the plan type (i.e. savings, naira investment or dollar investment) you want and follow the process to fund it using the bank transfer option.