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How to delete your savings plan
How to delete your savings plan
Vivian avatar
Written by Vivian
Updated over a week ago

Managing your savings plans effectively is essential for achieving your financial goals. If you find the need to delete a plan on Cowrywise, we have simplified the process to ensure a seamless experience. However, please note that certain conditions and restrictions apply to plan deletion.

To delete a plan on Cowrywise, please follow these steps:

  1. Go to save (the second button at the base of the screen)

  2. Click on Regular

  3. Tap on the said plan

  4. Click on the 3 dots at the top right corner of your screen

  5. Click on delete and follow through with the process.

Before proceeding with deleting a plan on Cowrywise, please consider the following points:

  1. You can only delete a plan that has a zero balance. Please ensure that there are no funds remaining in the plan you wish to delete. This limitation exists because Cowrywise does not have access to the invested funds, and they can only be accessed upon maturity.

  2. The first plan you created upon opening your Cowrywise account is considered your default plan and cannot be deleted. However, you have the option to edit preferences, continue saving in the plan, or pause the plan if it no longer aligns with your goals.

Streamlining your savings plans is a crucial aspect of effective financial management, and Cowrywise strives to provide you with the necessary tools and flexibility. Deleting a plan on Cowrywise is a simple process, but it is important to ensure that the plan has a zero balance and understand that account deletion is not possible when funds are present. We appreciate your understanding and hope this information proves helpful in optimizing your savings experience.

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