How To Withdraw My Money From Cowrywise Before Maturity Date
Cowrywise is a well-known app for savings which gives you high returns when you save using the app. You can also transfer money using the app to your bank account if you wish. However, if you use the SafeLock feature of the Cowrywise app and would like to get your funds out before the maturity date, this article is for you. You would be reading about how to withdraw money from Cowrywise before the maturity date. Let’s delve in!
How To Withdraw Money Money From Cowrywise Before Maturity Date
To withdraw money from Cowrywise before maturity date is not possible. When you lock your money on Cowrywise and have set a maturity date, it is never possible to withdraw your funds from Cowrywise. The only way you can get access to your funds on Cowrywise is to wait for the maturity date of your account that you have set to reach. Without you reaching the set time, you can not withdraw your money.
Having this information in mind, you may want to know the process involved in withdrawing your funds to your account when you have reached the set maturity date of your Cowrywise fund. The next subheading goes into detail on that.
How To Withdraw Money From Cowrywise At Maturity Date
To withdraw your money from Cowrywise when you have reached the maturity date is quite easy. Let’s consider the steps to take.
Step 1. Login To Your Cowrywise Account
To first step in accessing your funds on Cowrywise is to log in to your Cowrywise. First, locate the Cowrywise saving app, and tap on it. After that, proceed to log in to the app.
Step 2. Click On Save
After you have successfully gained entry to your account, the next thing to do is to click on the Save icon. This icon can be in circles or regular, regardless, they mean the same thing.
Step 3. Select Your Plan
On your Cowrywise account, select the plan you have your funds on and tap on it. When this is done, you will see an option labeled Proceed. The next screen will help you to terminate your savings plan and withdraw your funds.
Step 4. Click Transfer To Stash
Your funds would be displayed would be displayed to you on this screen. When you see it, the next thing to do is to click on Transfer To Stash. After that, proceed to tap Withdraw to Stash.
Step 5. Enter Amount
When you have tapped the Withdraw to Stash option, the next thing to do would be to enter the amount. If you wish to take only part of your money out, you can type the amount you wish to remove and click on Enter.
Step 6. Select A New Maturity Date
On the remaining funds, you can set a new maturity date. You should keep in mind that when you select a new maturity date, you will not be able to make withdrawals from the account until you reach the actual set date.
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Step 7. Make Withdrawal
On your Stash, you can make withdrawals from your Stash to your bank account. So, fill out your bank details and be ready to receive your money in minutes.
With these seven steps outlined, you can now make withdrawals on your Cowrywise when the maturity date has been reached. Now, that you have gotten the money into the Cowrywise Stash, you would need to take the money out of the Stash and transfer it to your bank account to be useful. How can that be done? The next subheading focuses on that.
How To Withdraw Money From Cowrywise Stash To Your Bank Account
Withdrawing your money from Cowrywise Stash is quite an easy and fast process. Here are the steps involved:
Step 1. Go To The Stash Page
On your Cowrywise account, locate and tap on the Cowrywise Stash Page. There you can find the money that you have transferred from your wallet to the Stash.
Step 2. Tap On Withdraw
On the three-dotted buttons at the top right of the page, you would see an option which is labeled Withdraw. When you find it, tap on the Withdraw option.
Step 3. Read The Instructions
Instructions containing how you can withdraw will be displayed to you. Tap on Got It when you are done reading this information.
Step 4. Select Bank
The next step would be to select the bank you use and input your account number. After you have selected your bank, proceed to make the transfer.
Step 5. Verify
Verify your identity by inputting your PIN to facilitate the transaction. In minutes, the money would be transferred to your account for utilization.
FAQ
How do I change my maturity date on Cowrywise?
On Cowrywise, it is not possible to change your maturity date. Once the date has been set, you cannot change it by taking it back or by moving it forward. However, you can chat with the customer care service of Cowrywise to change your date and follow the instructions.
How do I withdraw locked funds from Cowrywise?
To withdraw your locked funds on Cowrywise, you would have to wait until the set date has been reached. You cannot withdraw locked funds before the set date. It is possible.
How do I get my money back from Cowrywise?
To get your money from Cowrywise, you would have to wait for the set date to be reached before making a withdrawal request.
What is emergency withdrawal on Cowrywise?
Emergency Savings plans are plans on Cowrywise where you can withdraw anytime. It is opened so that in the case of an emergency, you can use it.
How do I withdraw locked funds from Cowrywise?
To withdraw locked funds from Cowrywise, log in to your account and click on Save. Click on the plan you have your funds in and select Transfer to Stash.
Conclusion
Cowrywise allows users to withdraw only when users reach the maturity date. You cannot withdraw before the set maturity date. This is not possible when you use the Cowrywise app to save your money. So, have it in mind that when you use Cowrywise, there’s no way that you can recover your funds except by being patient until you reach the maturity date.
