Cowrywise Deposits & Withdrawals — Step-by-Step Guide & Transcript

[00:01] withdraw your money on the Cowrywise app. Now, this is one video a lot of you long time, and that is why I'm making this video right now. And by the way, if about any investment app or any money-making app, please feel free to

[00:16] below. Let's go ahead and type it right there in the comment section below. deposit money to your Cowrywise account. Now, there are two ways you can deposit I'll be showing you the two ways. Now, the first way is to come here to where

[00:31] of the screen, is where you have Overview, Learn, and Stash. Just click on Stash right here. Now, your Stash is like your wallet on the Cowrywise app. blue, is where you can see your Stash account number or account details. Now,

[00:45] Stash wallet, all you just need to do is to copy the account details here, and money you want to deposit into that account, and then you'll be seeing the money right here in your Stash wallet. That is the first way you can deposit

[00:58] money into your Cowrywise account. Now, let's say for example, you deposited you want to save your money. Just come here to where you have Save My Money. you to your Savings Plan. Or maybe you want to create a new Savings Plan, you

[01:10] deposit your money from your Stash wallet to that new Savings Plan. It's as example, you want to invest your money, just come here to where you have Invest investment you want to put that money into, and then it goes right there. Or

[01:24] withdraw your money back to your bank account, just click on Withdraw to Bank. process in this video. I don't want to just say it with my mouth, I'll be doing first way you can deposit your money. Now, the second way you can deposit your

[01:38] here to the home page where you have Overview, and then come here to where way is that you go directly to the Savings Plan or to the Investment Plan, into that Savings Plan or that Investment Plan. So, you're not

[01:52] depositing the money into this Stash wallet. So, the money is not just idle So, to do that, just come here to where you have the series plan, click on save, series plans that you have. Or if you want to create a new one, you go ahead

[02:06] video already on how to create a series plan on CowryWise. If you want that video, I'll put it in the description below. In that video, too, I talked CowryWise. The link will be in the description below. That's by the way.

[02:19] money to your savings, just come here to where you have the series. This one of the series I have right here on CowryWise. Just click on it. And once you click on it, come to the bottom side of the screen and click on top up. And

[02:31] here. But if you're depositing anything that is not among these amounts, come and then enter it. So, let's say, for example, I want to deposit 50,000. I'll just come there, click on continue, and then it will show me the different

[02:45] deposit options I have right here. So, you have bank transfer, and you have the Naira Stash right here. This is the money I have in my stash wallet. And then this third option is from your account, directly from your account. So,

[02:57] your bank account to your CowryWise app, then they can directly remove that money connected one of my bank account to my with that being said, I'm going to go right now and deposit money into my

[03:10] stash wallet and also deposit money directly into my series plan or my investment plan. So, you can see how fast it is to deposit money. And I'll video so that you guys can see the whole process and how long it takes. So, let's

[03:24] wallet. Just come here, click on stash, and then I'll just copy the account details right here on the screen and go to my bank account and send the money. So, I'll go right now and deposit about, let's say, 50,000 Naira into this

[03:36] >> A few moments later. >> So, I've just deposited 50,000 Naira and see whether the 50,000 Naira is there already. So, I'll just click on this, open it. So, let me just uh refresh the page. Oh, you see you can

[03:50] see immediately I have 151,934 Naira. I had about 102,000 Naira there before, don't forget. So, with the 50,000 Naira, that's 151,934. Now, the reason it is not 152,000 Naira exactly is because they removed a fee.

[04:04] So, you can see right here, it is in charge of a 1.5% fee capped at 250 Naira. So, they will be removing a 1.5% fee of any amount you deposit, and the maximum they can remove is 250 Naira. So, please take note of that. Now, this

[04:17] is only if you are depositing into your stash wallet. So, I'm just explaining process. So, that's how you can deposit money into your stash wallet. So, after stash wallet, just scroll up again, like I said earlier, then come here to where

[04:31] to save money, or you come here to where you have invest my money if you want to example, I want to save my money. I'll just come here, click on save my money, will show you the different savings plans that you have on the Cowrywise

[04:45] have is my regular savings, which is called Cowrywise savings. That's what I named it. And then the second one is my emergency plan, and then the third one you can save into any of these three different plans. So, let's take for

[04:58] say, emergency plan for example. Just come here, click on it, and then you can to deposit. If it's not among these amounts, like I said earlier, just come and then enter the amount right here. Now, let's take for example, I want to

[05:12] save maybe 50,000 Naira. I'll just go right there and enter 50,000 Naira, and right here on the screen, you can see the two different options. You have bank from your bank, but I'm not doing that. And then the second option is from your

[05:26] they are taking the money from your stash wallet. So, once you send that, 50,000 Naira. Now, once I click on transfer 50,000 Naira, 50,000 Naira will be taken from my stash wallet to my emergency savings. It is as simple as

[05:39] money into your stash wallet, and also take it into your savings plan. Now, let's take for example, I'm trying to invest. Just go back. Let me go back and money, just come here, click on invest my money, and then you can see the two

[05:53] Cowrywise. You have your Naira investment and your USD investment. So, let's say for example I want to do a Naira investment, I'll just click on it, Naira investment you have on the app. So, I have two Naira investment right

[06:07] now. I have the balance portfolio and the high yield investment. So, let's say these two, I'll just come right here, click on it. So, let's say this portfolio for example, just click on that, and then you come here, enter a

[06:20] there. So, I'll just enter, let's say 50,000 Naira, and then I click on here it is the same process. So, you can click on bank transfer if you want to directly, or if you want them to take the money from your stash wallet, just

[06:34] click on Naira stash, and click on transfer 50,000 Naira. So, once I click on transfer 50,000 Naira, immediately and instantly, the money is taken from my stash wallet and transferred into my balance portfolio investment. So, that

[06:46] through the stash wallet. Now, the directly into the investment without using your stash wallet, that one is would advise that you always use. Because for this stash wallet, they will

[06:59] be removing a 1.5% fee. Don't forget that. So, what you need to do is to come here to where you have overview, click on it, and then right here on the page, I'm on the savings page already, and then right here on this page, you come

[07:11] savings plans, and then pick the savings plan you want to put your money into. that I showed you earlier. So, just click on it if that's what you want to on this page, you come to the bottom

[07:23] So, I'll click on top up right there, and then you come here, click on different amount, and enter the amount you want to deposit into your savings plan. So, let's say for example 50,000 Naira again. It can be any amount. So,

[07:35] 50,000 Naira again, click on continue right there, and then you can see bank transfer and I come to the bottom side and click on transfer 50,000 where I need to send the money to. Now, if I send the money to that account,

[07:48] 50,000 will be showing directly in my serious plan. It's as simple as that. I have in my stash wallet and for this one they are not removing any fee from to deposit money to your serious plan. Now, let's take for example this is an

[08:02] investment plan too. Just go back to the home page and then come here to where right here on this page is all my different investment I have Indomie stocks, I invest in Nigerian stocks on the Cowrywise app. I have the I have

[08:14] right here. So, let's take for example I want to invest in the Naira mutual funds. I'll just come here, click on it and then right here on the screen this again and then you can see you have top

[08:26] on top up and then come here to where you have different amounts and right here you enter the amount you want to deposit. So, let's say 50,000 again. I'll just go with using 50,000. So, you come here and click on continue and then

[08:38] right here. So, once you send it and it's cleared you just come here and click on transfer 50,000. And then if I click on transfer 50,000, they will show me the account details to send the 50,000 to from my own bank account. So,

[08:50] once I send it I'll be seeing the 50,000 in my investment. Now, please note that for your investment there's always a 250 Naira processing fee for any money you are seeing my own as zero is because it is one of my benefits from my referral.

[09:04] Cowrywise app, they remove the fee, they waive the fee for you for your money into your investment account. I hope you get it. So, that is the reason benefit from your referrals, you will have to pay the 250 Naira fee. Take note

[09:19] you how to withdraw your money on the Cowrywise app, if you come here to where another option for you to deposit money into the account. Now, that is because I've connected my Access Bank account to my Cowrywise account. So, what it means

[09:33] is that whenever I want to deposit money into my Cowrywise, I don't need to go to my bank app to do any transfer. I'll just come right here, click on Access 50,000 Naira, the 50,000 Naira is taken from my Access Bank account and

[09:46] deposited directly into this investment or any savings plan, whichever one. So, connect your bank account to your CowryWise account. So, this is the home come here to where you have your profile picture, just click on it on the top

[09:59] left, just click on it right there. And then once you get to this page, you come can see payments here, just click on it. Now, once you get to this page, you'll accounts you've connected, but if you have not connected anyone, just come to

[10:12] the top right corner and click on this plus icon. So, just click on it, and have Naira bank account or dollar bank account. So, you can use any of the video. Now, the next thing is how can you withdraw your money on the CowryWise

[10:26] app? Now, to withdraw your money, it is the same way. So, the first way is that So, if you want to withdraw from your stash wallet, just come here to where you have stash at the bottom, click on it. Now, on this stash page, you come

[10:38] here to where you have withdraw to bank. So, let me just click on it right there. I'll click on it, and then you can see it's up. Now, please take note of this. "We have improved our fraud detection and AML processes to enhance the

[10:52] security of your funds." This means withdrawals will now be processed after 24 hours, and then you can only initiate one withdrawal at a time. Now, what does this mean? Now, what this means is that if you initiate a withdrawal right now,

[11:04] you will get the money into your account 24 hours later. Take note of that, people don't know about the CowryWise app. And actually, this is for the money is not falling into scammers or the wrong hands. So, please take note of

[11:19] that. You only get the money after 24 hours. So, if I want to go ahead and here, click on continue, and then you can see right here, it says choose bank three different account details I've connected to my CowryWise account. So, I

[11:32] can choose any one of them and the money will be deposited into that account. account details, you can easily do that on this page. Just come here to where you have add bank, click on it and then you can enter all the bank details

[11:44] me I can just pick any of these three accounts. So, let's say I pick this one come here and enter the amount you want to withdraw. So, let's say for example I want to withdraw the 50,000 I just deposited, I'll just go right there and

[11:57] enter 50,000 Naira and then I'll click on continue. And you can see right here on the screen they'll be removing a 75 Naira fee for this withdrawal. So, once you've confirmed that, just click on make withdrawal request. So, I'll click

[12:09] on it. And once you see this again, just come here and click on okay. So, you can your withdrawal request is in review. So, I'll be getting my money in the next 24 hours. It's as simple as that. It's always exactly 24 hours from when you

[12:22] noticed, exactly 24 hours. So, that's withdraw your money on the CowryWise app. And by the way, if you want to investment, let me show you that before I forget. So, you just come here to your

[12:35] to withdraw from my savings plan, just come here to where you have save and withdraw your money from. So, let's say for example I want to withdraw from this CowryWise savings, I'll just click on it. Uh but right now I can't withdraw my

[12:47] locked until a particular date. But, if you want to withdraw your money, just right. Click on it and then you will see the withdraw option. So, the withdraw withdraw from this savings plan. Like I said, it is locked. So, if you want to

[13:02] withdraw your money, just click on the withdraw option that you see right here. your Stash wallet or directly to your bank account. And let's say for example investment too, it is the same thing. So, let's say for example I want to

[13:15] here to where I have invest right there. So, right here on this page whether you want to sell your stocks or you want to sell your I yield investment or you want to sell your Naira funds, whichever one, I can just us here to Naira funds, uh

[13:27] click on it and then on this page click on this three dots again. Once you click stash. So, if I click on it, I can enter the amount and then the money will be sent to my stash wallet. And then I can withdraw it from my stash wallet to my

[13:40] process. So, that's how you can withdraw your money whether from your service is everything I have for you in this video. I'll just show you how to deposit the different options you can use to deposit your money and also how to

[13:54] withdraw your money from the CarryWise app directly to your bank account. So, any questions for me, please drop them in the comment section below. And like I said earlier, if you want me to make any video about any investment app or any

[14:06] money making app, please let me know in the comment section below. And if you on the CarryWise app, click on the video showing right here. But if you need a video specifically on how to invest in stocks on the CarryWise app, click on

[14:19] for watching this video. I'll see you in the next one. Bye.