How do I withdraw money from Cowrywise?
- Go to your Stash balance in the Cowrywise app. Stash is Cowrywise's flexible wallet, the single point money passes through on its way to your bank.
- Enter the amount you want to withdraw.
- Confirm with your Cowrywise PIN.
- Wait up to 24 hours for the withdrawal to land in your bank account.
If the money you want to withdraw is sitting in a matured savings plan or invested in a mutual fund rather than already in Stash, you'll need an extra step first, covered below.
How much does it cost to withdraw from Cowrywise?
- Under ₦50,000: ₦25 withdrawal fee.
- ₦50,000 or more: ₦50 withdrawal fee.
This fee applies to withdrawals from Stash to your bank account. It's a flat fee based on the withdrawal amount, not a percentage.
How do I withdraw a matured savings plan?
When a regular (non-locked) savings plan matures, the funds move into your Stash balance. From there, follow the normal Stash-to-bank withdrawal steps above. There's no separate special process for matured plans beyond this two-step path: plan to Stash, then Stash to bank.
How do I withdraw mutual funds from Cowrywise?
- Sell your mutual fund units in the app.
- Wait approximately 6 working hours for the sale to process.
- The cash value credits to your Stash balance once the sale confirms.
- Withdraw from Stash to your bank account as usual, with the same ₦25/₦50 fee.
Can I withdraw from a locked savings plan early?
No. This is a genuine restriction, not just friction. Cowrywise states that once you lock funds in a savings plan, they are invested and cannot be withdrawn before the maturity date you selected when creating the plan.
If you think you'll need the money before a date you're considering, don't lock it. Use a flexible plan or keep the funds in Stash instead, where you retain access.
People also ask
Is the Cowrywise withdrawal fee the same for every product?
The ₦25/₦50 fee applies to the Stash-to-bank withdrawal step, which every withdrawal ultimately passes through. Getting funds into Stash from a matured plan is free; getting them there from a mutual fund involves selling units first, which has its own ~6-hour processing time but isn't described as a separate fee.
Can I speed up a Cowrywise withdrawal?
Not according to Cowrywise's published process. The 24-hour Stash-to-bank window and the ~6-hour mutual fund sale window are the stated processing times, not maximums you can pay to skip.
What if my locked plan matures and I don't withdraw it?
Cowrywise's help center separately addresses accidentally rolling over a mature plan; if this happens to you, check that specific guidance in the app or help center rather than assuming the funds are stuck.