Getting Started on Cowrywise | Cowrywise Help Center

Saving/investing on Cowrywise is very easy. You just need to set up instructions and we will take charge based on those instructions.

You can choose to create either a Savings plan or a Mutual fund investment plan depending on your preferences.

So I don't confuse you, I'll briefly explain each of these terms;

Savings Plans: These plans allow you to commit to a long-term savings target on your terms and depending on your saving goals, we have several options to meet your needs. These plans require you to lock down your savings for a minimum duration of 3 months to ensure discipline and effective investments. You earn returns here based on the duration of the plan.
Mutual Fund Investments: These are more liquid options of investments, where the funds are not locked down and so can be accessed as cash after about 48 hours of the request. You can build emergency funds with the low-risk options of these funds.

Now that we have explained all that; how then do you set these plans up as a new customer? No worries, I've got you covered;

For Savings Plans, please follow these steps:

On your home page, please click on "Save"
Select "Create a new plan"
Select 'Regular savings plan'
Follow the on-screen instructions to customize your plan according to your financial goals. This may include setting the savings amount, selecting the duration, and specifying the frequency of deposits.
Once you have configured your plan preferences, take a moment to review the details you have entered. Ensure that all the information is accurate and aligns with your savings goals. If necessary, make any adjustments before proceeding.
After reviewing your plan, tap on the "Confirm" or "Create" button to finalize the process.

For Investment, it is equally easy. Simply follow the guide below:

If you need further help after going through this article, please send a mail to my team at support@cowrywise.com or call 09030000857.