We understand that you may have some questions about the withdrawal process on Cowrywise. We are more than happy to assist you with this.
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To begin with, you can find detailed information about the withdrawal process by clicking on this link here. However, in this article, we will focus on the destination account numbers that are acceptable for withdrawals on Cowrywise.
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In simple terms, all standard bank accounts in Nigeria are acceptable for withdrawals on Cowrywise. As we process payments in Naira, we currently only support transfers to Nigerian bank accounts. However, we are actively pursuing the implementation of dollar transactions in the near future. Keep an eye out for an update on this. 🤞
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It is important to note that we do not process payments to wallet or virtual account numbers.
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You may wonder why we have this restriction in place. The reason is simple - we prioritize the safety of our customers' funds. By only allowing transfers to regular bank accounts, we can ensure that your funds are secure. Additionally, these bank accounts are usually linked to your BVN, providing us with the necessary validation for your account.
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To add your standard bank account to your Cowrywise account, Simply follow these easy steps:
1. First, click on your profile picture on the homepage.
2. Next, select the Payment option.
3. Then, click on Banks.
4. From there, click on Add Bank.
5. Just follow the process and save any changes made.
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Please keep in mind that the bank must be linked to your BVN. We hope this helps! 🤗
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