Cowrywise Meets Football: What Exactly Does This Entail?

It’s yet another football season and we want to help you build wealth with fellow football fans just like we did last season!

Want to join your favourite club? Click here!

Since its invention in England in the 12th century, football and money have been known to go hand-in-hand. But unfortunately, in many cases, these are lousy money decisions that have brought ruin to a lot of people.

 As with many sports, people put their money at stake on possibilities and speculated outcomes that are not assured during the football season. As a result, risky wagers, unsafe stakes and unhealthy gambles, which lead to possible extreme money crises, become the order of the day.

At Cowrywise, we aim at helping everyone make the best financial decision to build wealth. Thus, we created a circle all football fans can safely bet on. It’s a savings circle for you and your fellow fans to save together, challenge one another and build wealth, the same way you scream “Gooaall!” together. Basically, you rep your club and grow your money at the same time.

This is where the series of questions start. 

“How does it work?”
“Can I lose my money?”
“Is it a gamble?”
“When will I get my money?”

Hey, no worries at all. In this article, you will find robust answers to all the questions you may have.

How does the Football Savings Goals challenge work?

We already wrote an entire article on how the football goals challenge works. We created a savings circle for popular local and international teams, so you get to save together with other football fans. These teams are Chelsea, Liverpool, Arsenal, Manchester United and Manchester City in England, Barcelona and Real Madrid in Spain, Paris Saint Germain in France, AC Milan, Inter Milan, and Juventus in Italy, Bayern Munich in Germany, Enyimba, Kano Pillars, Remo Stars, Sunshine Stars, and Enugu Rangers in Nigeria.

Every week, you save a pre-set amount of money in your circle. This helps build a consistent saving culture for you during the season, which becomes a part of you henceforth. Also, for every goal your team scores, you save a pre-set amount of money.

For these plans, the odds are very sure. Why lose your money to betting when there’s a better way to grow it?

To put it in context, if you join the Chelsea circle as a fan, you can start saving any amount (minimum of #1,000) whenever Chelsea scores a goal.

The new football season hasn’t started yet. What happens till then?

It’s safer to join the circle now as we will start saving ₦1,000 for you every week till the season starts. That way, you are already prepared to start and you stand a chance of leading the leaderboard on the circle when you start.

Is the savings automatic, or do I have to save manually?

Yes, it is 100% automatic. We will debit the weekly savings from your account every week. Then, once a football game is over, you will be debited ₦1,000 per the number of goals scored by your team. So, if your team scores three goals, you’ll get to save ₦3,000.

However, you can still save manually. You can top up your savings with any amount at any time you wish to do so. 

What happens when there is no money in my account?

Nothing happens. We will only debit you when there is money in your account. There is no penalty for not having enough money in your account during the game. You can either top up your account manually or wait till the next game when there’s enough money. We will always advise that you top up manually as we don’t want you to get left behind by the other fans on the leaderboard.

Can I withdraw anytime I want?

While the goal is to help you build a better money culture, you can withdraw your money at any time you wish to.

How safe is my money?

Your money is safe with us. No one has access to your locked funds on Cowrywise, not even your fellow fans in the same circle as you. Simply focus on keeping your password and pin protected, let’s help you do the rest.

Will I earn any interest?

Any amount of money saved or invested in an active plan on Cowrywise earns interest. So, yes! Your money keeps growing at a rate of up to 21% per annum. Excited much?

Can I join more than one team?

Sure, you can. Joining more than one team is 100% possible, but be aware that this also means you will be debited for each team uniquely.

Will I get updates on what’s happening with other teams?

When it comes to information about money, you can be assured that we’ve got you covered. Weekly, we give updates on our Instagram, Twitter and other social media platforms.

How can I join?

It’s easy; you’re just a few clicks away. Click on your preferred team below, create an account or log in and start saving.

Save with fellow Liverpool fans.
Build wealth with fellow PSG fans
Grow your money with fellow Manchester United fans.
Save and earn interest with fellow Real Madrid fans.
Build wealth with fellow Manchester City fans. 
Save and earn interest with fellow Chelsea fans.
Grow your money with fellow Arsenal fans.
Save with fellow Barcelona fans.

For these plans, the odds are very sure. Why lose your money to betting when there’s a better way to grow your money? Start saving with fellow fans now while your team stays winning

Got more questions?

Drop a comment and we’ll attend to them right away.

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