How to Deactivate, Close or Delete Cowrywise Account

Benefits of Using Cowrywise

Here are some of the major benefits of using Cowrywise for investing:

Higher returns – Up to 10% ROI on savings
Low risks – Funds invested securely in stable instruments only
Easy access – Withdrawals anytime with no penalties
Transparent – No hidden charges, clear terms
Convenient – Seamless online management of investments
Top service – Dedicated customer support team

How to Deactivate Your Cowrywise Account Temporarily

Follow these simple steps to temporarily deactivate your Cowrywise account:

Login to your Cowrywise dashboard using your credentials.
Click on your profile picture and select “Settings”.
Click on “Deactivate Account” under Account Settings.
Select a reason for deactivating the account.
Enter your account password when prompted.
Click “Deactivate” to confirm.

Your Cowrywise account will now be temporarily deactivated but your investments will continue to run.

How to Reactivate Your Cowrywise Account

To reactivate your deactivated Cowrywise account, simply:

Login to your Cowrywise account using your credentials.
A prompt will appear asking if you wish to reactivate account.
Click “Yes” to reactivate your deactivated Cowrywise account.
Your account will be instantly reactivated with all details intact.

Just logging back in is all it takes to reactivate your temporarily deactivated account.

How to Close or Delete Cowrywise Account Permanently

To permanently close your Cowrywise account, follow these steps:

Login to your Cowrywise dashboard.
Click on your profile picture and select “Settings”.
Click on “Close Account” under Account Settings.
Select reason for closing your Cowrywise account.
Enter your account password to confirm action.
Click “Close Account”.
Your Cowrywise account will be closed immediately.

Once you voluntarily close your Cowrywise account, all associated data is erased. You cannot reactivate closed accounts.

Reasons for Closing Cowrywise Account

Here are some common reasons why people close their Cowrywise accounts:

You want to create a new account with different credentials
You are relocating abroad with no further use of account
You faced unresolved issues with your account
You no longer need the account due to change in circumstances
You wish to consolidate accounts on another platform
You want to withdraw all funds and discontinue services

Cowrywise allows you to easily close your account when required and reopen a fresh one anytime.

What to Do Before Closing Cowrywise Account

Before closing your Cowrywise account, ensure you:

Withdraw all funds from the account to your bank
Download transaction statements for records
Save any tax documents like annual interest certificates
Cancel pending transactions like scheduled investments
Change login details on any linked external accounts
Delete saved beneficiary details for transfers and payments

Completing these actions will ensure a smooth account closure process.

What Happens to Your Data When You Close Account

Once you voluntarily close your Cowrywise account, here is what happens to your data:

Your Cowrywise account is permanently deactivated and removed
All personal information, documents, account data is erased
Transaction history and statements are deleted from systems
Your username is released and can be reused to open new account
Closed accounts cannot ever be reactivated or recovered

Cowrywise completely erases all your account data when the account is closed as per regulations.

FAQs On How to Withdraw Money from Piggyvest Safelock Before Due Date

How to Deactivate, Close or Delete Cowrywise Account

Here are answers to common questions about closing Cowrywise account:

1. Is there any fee for closing my Cowrywise account?

No, you can close your Cowrywise account free of cost at any time.

2. Can I reactivate my closed Cowrywise account?

No, closed accounts cannot be retrieved or used again.

3. What happens to my investments if I close account?

You must withdraw all funds before closing the account. No funds will be accessible after.

4. Will my transaction history be saved if I close account?

No, all your account information including transactions is erased after closure.

5. Can I open a new Cowrywise account after closing old one?

Yes, you can freely open a fresh new Cowrywise account even after closing the old one.

6. How can I permanently delete my Cowrywise account?

Go to Settings > Close Account and confirm to permanently and instantly delete your account.

7. Is there any cooling period before my account is closed?

No, your Cowrywise account will be closed permanently as soon as you confirm closure.

8. Can I recover my closed Cowrywise account?

No, closed Cowrywise accounts cannot be recovered or reactivated later.

9. Should I temporarily deactivate my account instead of closing?

Yes, if you may use the account again later, deactivating temporarily is better than permanent closure.

Conclusion

Cowrywise allows you to easily deactivate, close or delete your account as needed through simple processes. Evaluate your choices carefully before permanent closure. Contact Cowrywise support if you have any account closure-related queries.

After reading this blog you know about How to Withdraw Money from Piggyvest Safelock Before Due Date