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Getting Started on Cowrywise
Getting Started on Cowrywise

Need help on starting your Savings and Investment on Cowrywise?

Ope avatar
Written by Ope
Updated over a week ago

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. All our customers have a Stash account which is a virtual account within your Cowrywise account.

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

  1. 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 need. 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.

  2. 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.

  3. Stash: This is a virtual account, that allows you to move funds in and out of your Cowrywise account. You can make transfers to your bank account from your stash (the transfer fee is NGN25). Stash can also be used to fund your savings or investment plans on Cowrywise.

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:

  1. On your home page, please click on "Save"

  2. Select "Create a new plan"

  3. Select 'Regular savings plan'

  4. 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.

  5. 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.

  6. After reviewing your plan, tap on the "Confirm" or "Create" button to finalize the process.


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

  1. On your home page, please click on "Invest"

  2. Select invest in Naira/ USD mutual fund depending on your preference

  3. Take the risk assessment test if you are yet to

  4. Choose an investment fund of your choice and click on Invest now

  5. Input the amount you want to invest

  6. Choose your payment method and follow through with the process.

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

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