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How To Use Cowrywise Stash

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What is Cowrywise Stash?

Stash is a virtual wallet on the Cowrywise app that enables you to save and invest without the use of a debit card. It’s also where you receive withdrawals and payouts from your mature savings and investment plans.

The feature works like an e-wallet. Once set up, you can:

  • Transfer to a savings plan
  • Transfer to an investment plan
  • Withdraw to your bank account.

Please note that Stash is not a replacement for your bank accounts.

As an investment company, one of our major goals has always been, and still is, to help you build wealth. But, more importantly, we understand that the wealth you have worked so hard to build, should be preserved, sustained and protected. And an essential part of meeting this goal is building features that can adequately protect your funds, as well as elevate and simplify your experience on the app and Stash is one of those features.

How to use Stash

Stash can be used to fund a plan and it can also be used receive withdrawals and payouts from your mature savings and investment plans.

How to Fund a Plan from My Stash

To fund a plan, first, make sure there’s some money in your Stash. Once your Stash is funded, you can also go to the Stash page to do a transfer from Stash.

Transfer to an existing plan from Stash:

  • Select the plan type (i.e. savings, naira investment or dollar investment) you want to fund
  • Input the amount to transfer to the plan.
  • Stash will be pre-selected as the payment option for you.
  • Click on Pay to proceed with the payment.

P.S. If you’re a new customer with no existing plan, simply select the plan type (i.e. savings, naira investment or dollar investment) you want and follow the process to fund it using the bank transfer option.

How to withdraw from My Stash

  1. Go to the Stash page
  2. Click on the three-dotted icon at the top right of the page
  3. Select the withdraw option
  4. Click Got it on the information modal that comes up
  5. Select the bank to withdraw to
  6. Then type in the amount you want to withdraw taking note of the withdrawal fee.
  7. Then use your Cowrywise PIN to verify.

Now, wait for your funds to be processed. Your withdrawal will be processed 24 hours after it is initiated.

Transfers can only be made to accounts that are linked to your registered BVN.

Start exploring Stash – your digital wallet now. 🎉

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