Learn how to withdraw from Cowrywise in 2025 easily. Follow this step-by-step guide to transfer your savings or investment funds safely to your bank account.

Withdrawing money from your Cowrywise account has become simpler and faster in 2025, thanks to the app’s improved interface and upgraded transaction system. Whether you’re cashing out your investment, emergency savings, or fixed plan, this guide explains how to withdraw from Cowrywise safely and efficiently.

Understanding Cowrywise Withdrawals

Cowrywise is a trusted Nigerian digital savings and investment platform designed to help users grow their wealth with flexible saving options. However, since Cowrywise encourages long-term savings, withdrawals are regulated to promote financial discipline. You can only withdraw funds based on your plan type or maturity date.

Types of Withdrawals on Cowrywise

Flexible Savings Plan – Allows withdrawal anytime without penalties.
Locked Savings Plan – Withdrawal is only possible after the set maturity date.
Investment Plans – You can withdraw when your investment matures or is sold.

Steps on How to Withdraw from Cowrywise

Follow these simple steps to withdraw your funds directly to your bank account:

Step 1: Log into Your Cowrywise App

Download and open the Cowrywise app on your Android or iOS device. Ensure you are logged into your verified account.

Step 2: Tap on the Plan You Want to Withdraw From

On your dashboard, you’ll see a list of your savings or investment plans. Select the one you wish to withdraw from.

Step 3: Check Your Plan Status

If it’s a locked plan, confirm that the maturity date has been reached. If it’s flexible, you can proceed immediately.

Step 4: Click on “Withdraw”

Tap on the Withdraw button, then enter the amount you wish to withdraw.

Step 5: Confirm Withdrawal Details

Cowrywise will show your linked bank account. If it’s correct, proceed; if not, update your withdrawal account information under “Settings → Bank Account.”

Step 6: Complete Withdrawal

Once confirmed, Cowrywise will process your withdrawal. Funds are usually credited to your bank account within minutes to 24 hours, depending on bank network conditions.

How to Withdraw from Cowrywise Investment

If you’ve invested in mutual funds or portfolios, follow these steps:

Go to Investments on your dashboard.
Tap the investment you want to sell.
Click Redeem or Withdraw.
Choose how much to withdraw — full or partial.
Confirm the transaction.

Your funds will move to your Cowrywise Stash, and you can then transfer them to your bank account.

How to Withdraw to a Different Bank Account

Cowrywise only allows withdrawals to verified bank accounts linked to your profile for security reasons. To change your account:

Go to Settings → Bank Account.
Enter your new bank details.
Verify ownership before using it for withdrawal.

Common Withdrawal Issues and Solutions

If you face issues withdrawing from Cowrywise, check the following:

Incorrect Bank Details: Ensure your bank account name matches your Cowrywise profile.
Pending Verification: New users may need to complete KYC verification first.
Network Downtime: Sometimes delays occur due to banking network congestion.

If issues persist, contact Cowrywise Support or send an email via support@cowrywise.com.

Tips for Smooth Withdrawals

Always plan withdrawals ahead of your maturity date to avoid penalties.
Keep your bank account active and updated.
Use the latest version of the Cowrywise app for faster processing.
Check your Cowrywise Stash balance before withdrawing.

Why Some Users Can’t Withdraw Immediately

Cowrywise operates based on investment maturity. For example, if you invested in mutual funds or locked savings, your money is actively invested and cannot be withdrawn early unless it’s a flexible plan. This helps users stay committed to their savings goals.

Final Thoughts

Learning how to withdraw from Cowrywise ensures you access your funds without stress while maintaining a disciplined savings culture. Whether withdrawing from a flexible plan or cashing out matured investments, following the right steps guarantees smooth transactions.

If you haven’t yet started saving, download the Cowrywise app today and begin your financial growth journey. It’s safe, transparent, and regulated by the Securities and Exchange Commission (SEC).