How to Deactivate, Close, or Delete Your Cowrywise Account

Are you done with Cowrywise and want to move on? Are you tired of the cumbersome process involved in account deactivation, closure or deletion?

Well, get ready to say goodbye to the frustration. 

In this blog post, we’ll take you through the hassle-free steps you need to take to deactivate, close or delete your Cowrywise account. No more stress, no more delays, just quick and simple solutions. To learn more, keep reading!

What is Corywise?

Cowrywise is a Nigerian fintech platform that provides users with a convenient and secure way to save and invest their money. If you’re no longer interested in using Cowrywise, you can either deactivate, close, or delete your account. Each option has its own implications, and it’s important to understand the differences before making a decision.

 Deactivating your Cowrywise account temporarily suspends your account activity. This means you won’t be able to log in, make transactions, or view your account details. However, your account information and investment holdings will remain intact. You can reactivate your account at any time by logging in using your registered email address and password.

 Closing your Cowrywise account permanently terminates your account and removes all your personal information and investment holdings. This action is irreversible, and you won’t be able to reactivate your account or access any of your data.

Deleting your Cowrywise account is the most extreme option and involves erasing all traces of your account existence, including personal information, investment holdings, and transaction history. Once you delete your account, it cannot be recovered.

Benefits of using Cowrywise

  • Cowrywise makes investing accessible and easy to understand, even for beginners.
  • Set up regular savings plans to reach your financial goals effortlessly.
  • Choose from a variety of investment options, including mutual funds, ETFs, and stocks.
  • Cowrywise charges transparent fees for its services, ensuring you know exactly where your money is going.
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Reasons for deactivating, closing, or deleting your Cowrywise account

There are several reasons why you might consider deactivating, closing, or deleting your Cowrywise account. Some common reasons include

  1. You may decide to explore other investment platforms or strategies that better align with your risk tolerance and financial goals.
  2. Consolidating your investments across fewer platforms can streamline your financial management and make it easier to track your progress.
  3. If you have any concerns about the security of your Cowrywise account, you may choose to deactivate or close your account as a precautionary measure.

Deactivating or deleting your Cowrywise account can be done through the Cowrywise app or website. Here’s a step-by-step guide for both methods

How to Deactivating your Cowrywise account

  • Log in to your Cowrywise account.
  • Tap on your profile picture in the top right corner of the screen.
  • Select “Profile” from the drop-down menu.
  • Click on the “Security” option.
  • Scroll down until you find the “Temporarily disable my account” option.
  • Tap on the “Temporarily disable my account” option. Follow the prompts to complete the process.
  • Once your account is deactivated, you will not be able to access it or any of its features. However, you can reactivate your account at any time by logging in and following the prompts.

How to Delete your Cowrywise account

  • Log in to your Cowrywise account.
  • Tap on your profile picture in the top right corner of the screen.
  • Select “Profile” from the drop-down menu.
  • Click on the “Security” option.
  • Scroll down until you find the “Delete my account” option.
  • Tap on the “Delete my account” option.
  • Follow the prompts to complete the process.
  • Once your account is deleted, it will be permanently gone and you will not be able to access it or any of its data.
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Please note that before deleting your account, you will need to withdraw all of your funds. You can also choose to transfer your funds to another Cowrywise account.

Conclusion

In conclusion, that’s all on how to delete or deactivate your Corywise account easily. I hope you find this helpful, as well as educating. Thanks for reading to the very end. 

FAQs

Can I lose money on Cowrywise?

Yes, you can lose money on Cowrywise. This is because Cowrywise offers a variety of investment products, some of which are riskier than others. For example, if you invest in a mutual fund, you could lose money if the market value of the fund’s shares decreases. However, it is important to note that Cowrywise does not offer any products that are guaranteed to lose money

Can I trust Cowrywise?

Cowrywise is a duly registered fund manager with the Securities and Exchange Commission (SEC) of Nigeria. This means that they are subject to regulatory oversight and must adhere to certain standards in order to protect their customers’ investments.

 Cowrywise also partners with licensed custodians to hold their customers’ assets. This means that your money is held securely by a third-party financial institution that is regulated by the Central Bank of Nigeria (CBN).

Does CBN recognize Cowrywise?

The Central Bank of Nigeria (CBN) does not directly regulate investment platforms like Cowrywise. However, Cowrywise is duly registered and licensed by the Securities and Exchange Commission (SEC) of Nigeria, which is the regulatory body for investment platforms in Nigeria. This means that Cowrywise is a legitimate and regulated company that is authorized to operate in Nigeria.

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