Withdrawing from your savings (members)

You ask for a withdrawal in the app; officers decide it. Your balance only changes when the request is finally approved, and you can cancel it until then.

Before you startCopy Anchor Link

Only savings types that allow withdrawals can be withdrawn from. Share capital never can. Your cooperative may also set a monthly limit for a type, and savings held against a loan can't leave until the loan is repaid.

Request a withdrawalCopy Anchor Link

What happens nextCopy Anchor Link

By default a request goes through two stages: one officer reviews it (checks you are eligible and the balance is there), and a different officer approves and pays it. Each stage is shown on your request in words, for example Reviewed. Waiting for a second officer to approve and pay. If a cooperative has too few officers it may run a single stage instead.

You are told when it is decided. If it is not approved, the reason is shown. The balance, any savings held for a loan, and the monthly limit are checked again at the final approval, so a request can still be turned down if something changed meanwhile. You can have only one request waiting for each savings type at a time.