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Forgot my cowrywise Password and Pin – How to Reset, Change and Recover cowrywise Password and Pin

By
Seun Ogun
-
0
Forgot my cowrywise Password and Pin – How to Reset, Change and Recover cowrywise Password and Pin

Locked out of your Cowrywise account and desperate to regain access? Your search for answers ends here! Prepare to be amazed as we reveal the secret techniques to effortlessly reset, change, and recover your Cowrywise password and PIN. 

In this blog post, we’ll guide you through step-by-step instructions. Don’t let a forgotten password or PIN hold you back from your financial goals. 

Let’s get started. 

What is Corywise?

Cowrywise, a prominent investment platform in Nigeria, places considerable emphasis on security measures to protect users’ funds and personal information. Among these measures are password and PIN authentication, which serve as essential gateways to your Cowrywise account.

However, life can be unpredictable, and instances of forgetting passwords and PINs are not uncommon. In such situations, it’s crucial to have clear guidelines for resetting, changing, and recovering your Cowrywise credentials. This comprehensive guide will walk you through the 

How to Reset Your Cowrywise Password

Forgetting your Cowrywise password is easily remedied by following these steps;

  • Begin by visiting the Cowrywise password reset page
  • On the password reset page, enter the email address associated with your Cowrywise account. Ensure the email address is spelled correctly to avoid delays in receiving the password reset link.
  • Once you’ve entered your email address, click on the ‘Send Reset Password’ button. Cowrywise will send an email containing a unique password reset link to the specified email address.
  • Upon clicking the password reset link in the email, you’ll be redirected to a page where you can create a new password. Choose a strong password that is both memorable and secure. Avoid using easily guessable information like birthdays, names, or common words.
  • Once you’ve entered your new password, retype it in the confirmation field to ensure accuracy. Click on the ‘Reset Password’ button to finalize the password change.

How to Change Your Cowrywise Password

  1.  If you wish to proactively change your Cowrywise password, follow these steps
  2. Access your Cowrywise account using your current password and PIN.
  3. Once logged in, locate the ‘Settings’ menu, typically found in the profile or account section.
  4. Within the ‘Settings’ menu, choose the ‘Change Password’ option.
  5. In the prompted field, enter your current Cowrywise password.
  6. Follow the same guidelines as outlined in the password reset section to create a new strong password.
  7. To ensure accuracy, retype your new password in the confirmation field. Click on the ‘Change Password’ button to update your password.

How to  Reset Your Cowrywise PIN

If you’ve forgotten your Cowrywise PIN, follow these steps to reset it, 

  • Access your Cowrywise account using your current password and PIN.
  • Once logged in, locate the ‘Settings’ menu, typically found in the profile or account section.
  • Within the ‘Settings’ menu, choose the ‘Change PIN’ option.
  • Instead of directly changing the PIN, you’ll need to reset it first. Click on the ‘Reset PIN’ button.
  • Cowrywise will send an email containing a one-time password (OTP) to the registered email address linked to your account.
  • Locate the PIN reset OTP in your email and enter it in the designated field on the Cowrywise website.
  • Once the OTP is verified, you’ll be prompted to create a new four-digit PIN. Follow the same guidelines as outlined in the password reset section to create a new PIN.
  • Retype your new PIN in the confirmation field to ensure accuracy. Click on the ‘Confirm PIN’ button to update your PIN.

How to Change Your Cowrywise PIN

If you wish to proactively change your Cowrywise PIN, follow these steps

  •  Log in to Your Cowrywise Account
  • Once logged in, locate the ‘Settings’ menu, typically found in the profile or account section.
  • Within the ‘Settings’ menu, choose the ‘Change PIN’ option.
  • In the prompted field, enter your current Cowrywise PIN.
  • Follow the same guidelines as outlined in the PIN reset section to create a new four-digit PIN.
  • Retype your new PIN in the confirmation field to ensure accuracy. Click on the ‘Confirm PIN’ button to update your PIN.

 Conclusion

 Cowrywise prioritizes the security of its users’ accounts, employing password and PIN authentication as primary safeguards. 

By following the outlined procedures for resetting, changing, and recovering your Cowrywise credentials, you can maintain control over your account. 

FAQS

Why is my Cowrywise account not logging in?

There are a few possible reasons why your Cowrywise account might not be logging in. They include; 

  •  Incorrect email address or password: Make sure you are entering the correct email address and password associated with your Cowrywise account. Double-check for any typos or mistakes.
  •  Account is temporarily locked: Cowrywise may temporarily lock your account if you have entered the wrong password too many times. If this is the case, you will need to wait a few minutes before you can try logging in again.
  • Account has been suspended or deactivated: If your Cowrywise account has been suspended or deactivated, you will need to contact Cowrywise customer support to resolve the issue.
  • Technical issue with the Cowrywise platform: Occasionally, there may be technical issues with the Cowrywise platform that can prevent users from logging in. If you suspect this is the case, you can try checking the Cowrywise status page or contacting customer support for more information.

Is Piggyvest better than Cowrywise?

Determining whether PiggyVest or Cowrywise is a “better” platform depends on your specific financial needs and preferences. Both platforms offer valuable features for saving and investing, but they cater to different user profiles.

PiggyVest excels in simplicity and goal-specific savings. It’s ideal for beginners who want an easy-to-use platform to set and achieve financial goals.

On the other hand, Cowrywise focuses on a more diverse range of investment options, making it suitable for those seeking wealth creation through investments.

What is the minimum amount to invest in Cowrywise?

The minimum amount to invest in Cowrywise is N1,000 for Naira mutual funds and $10 (or the naira equivalent) for Dollar mutual funds. This means that you can start investing with as little as N1,000 or $10, making it easy for anyone to get started with investing.

How to Deactivate, Close, or Delete Your Cowrywise Account

By
Seun Ogun
-
1
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.

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.

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.

How to Withdraw My Money from Cowrywise Before Maturity Date

By
Seun Ogun
-
0
How to Withdraw My Money from Cowrywise Before Maturity Date

Are you tired of being locked into long-term investment commitment with Cowrywise? Do you need your money now, not later? 

Well, hold onto your seats because we’re about to reveal the jaw-dropping secret that will allow you to withdraw your money from Cowrywise before the maturity date. 

It’s time to break free from financial confinement and take charge of your funds. 

Buckle up and get ready to learn the one technique they don’t want you to know. To learn more, keep reading. 

What is Corywise? 

Cowrywise is a popular Nigerian fintech platform that enables users to save and invest their money. One of its key features is the ability to create locked savings plans, which help users achieve their financial goals by committing to a specified savings period. 

However, there may be instances where users need to access their funds before the maturity date. While early withdrawals are generally discouraged, Cowrywise does provide an option for those facing unforeseen circumstances.

Locked savings plans, as the name suggests, are designed to promote disciplined savings by restricting access to funds until the predetermined maturity date. 

This approach encourages long-term financial planning and ensures that users stay on track towards their savings goals. Early withdrawals can disrupt this commitment and may result in penalties or reduced returns.

 Before initiating an early withdrawal request, it’s crucial to understand the eligibility criteria and potential consequences. 

Early withdrawals are typically permitted only under specific circumstances, such as medical emergencies, unexpected job loss, or unforeseen educational expenses. Users are strongly advised to carefully consider their options and evaluate the financial implications before proceeding with an early withdrawal.

Cowrywise Savings Plans

Cowrywise offers two main types of savings plans namely;  fixed savings plans and flexible savings plans.

Fixed Savings Plans

Fixed savings plans are designed to help you save for a specific goal, such as a down payment on a house or a vacation. These plans have a set maturity date, and you cannot withdraw your money before that date without penalty. However, fixed savings plans typically offer higher interest rates than flexible savings plans.

Flexible Savings Plans

Flexible savings plans offer more flexibility than fixed savings plans. You can withdraw your money from a flexible savings plan at any time, but you will not earn as much interest as you would with a fixed savings plan.

There are two main options for withdrawing money from Cowrywise before maturity date:

Emergency Withdrawal Plan

An emergency withdrawal plan allows you to withdraw a limited amount of money from your savings plan without penalty in case of an emergency. To qualify for an emergency withdrawal plan, you must meet certain criteria, such as having a documented medical emergency or a job loss.

Partial Withdrawal

You can also withdraw a portion of your savings from a fixed savings plan before maturity date, but you will be charged an early withdrawal fee. The early withdrawal fee is typically a percentage of the amount you withdraw.

Eligibility and Requirements

The locked savings plan must have been active for at least three months.

The minimum partial withdrawal amount is ₦10,000.

The remaining balance after the partial withdrawal must be at least ₦10,000.

How to withdraw your Money from Corywise before maturity date 

To withdraw money from Cowrywise before maturity date, you will need to follow these steps

  • Log in to your Cowrywise account.
  • Click on the “Savings” tab.
  • Select the savings plan you want to withdraw from.
  • Click on the “Withdraw” button.
  • Enter the amount you want to withdraw.
  • Click on the “Withdraw” button again.

Conclusion

You find this simple right? That’s the secret. I discovered this method of removing money from your Corywise before maturity date just last week. Thanks for reading to the end. 

FAQS

How do I redraw my money from Cowrywise?

The process of withdrawing money from Cowrywise depends on whether you want to withdraw from your savings plan or your stash.

To withdraw from your savings plan, 

  • Log in to your Cowrywise account.
  • Click on Save and select the type of savings plan you want to withdraw from (regular or circles).
  • Click on the plan you want to withdraw from and select Proceed.
  • Enter the amount you want to withdraw and click Withdraw.
  • Your withdrawal will be processed and your funds will be sent to your bank account within 3-5 business days.

 To withdraw from your 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 your bank account or click on Add bank and follow the instructions if your bank isn’t added already.
  6. Enter the amount you want to withdraw and click Withdraw.
  7. Your withdrawal will be processed and your funds will be sent to your bank account within 3-5 business days.

Can I change my maturity date on Cowrywise?

Yes, you can change the maturity date of your savings plan on Cowrywise, but only to extend it to a later date. You cannot shorten the maturity date of a plan. To extend the maturity date of your plan, you will need to contact Cowrywise customer support.

What happens if I go past my maturity date?

If you go past your maturity date on Cowrywise, your savings plan will automatically unlock and you will have access to your funds. You can then choose to withdraw your funds, roll over the plan to a new maturity date, or reinvest the funds for another duration of time.

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