Transfer money abroad in just a few clicks.

The refreshingly low-cost, transparent, and secure way to transfer money for personal, investment, or business purposes.

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Move money
faster, safer, and cheaper
with Covercy.

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Regulated by the UK FCA and The Israeli Capital Markets Authority. Learn more >>

How Covercy Works Who Uses Covercy Fees & Rates Why Choose Covercy

How to Transfer Money
With Covercy

Covercy transfers money using a simple, four-step process designed to make international money transfers quick, efficient, and cost-effective for both individuals and businesses. Here’s a general overview of how it works:

Define Transfer Details: Users start by specifying the amount of money they wish to send and the currency it will be sent in. This initial step sets the foundation for the transfer, allowing Covercy to calculate and present the exchange rate and fees applicable to the transaction.

Tell Us About the Transfer: The next step involves providing personal and recipient information. This is a standard procedure for financial transactions, ensuring compliance with international regulations and enhancing the security of the transfer.

Initiate the Transfer: Once all the necessary details are provided, users can proceed to actually send the money by clicking the send button. This action triggers the processing of the transaction by Covercy.

Track the Payment: The final step allows users to track their payment until it is received by the recipient. This feature provides transparency and peace of mind, ensuring that users can monitor their funds throughout the entire transfer process.

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Covercy is for anyone!

Covercy users encompass a variety of people and businesses, but each has one thing in common: the need to move money across international borders in a fast, reliable, and cost-effective way.

International Investments: Covercy offers a streamlined platform for managing international investment payments, providing investors with fast, secure, and cost-effective transactions. Our services are particularly beneficial for diversifying portfolios across borders, with transparent fees and competitive exchange rates enhancing the investment process.

Real Estate Transactions: Tailored for real estate transactions, Covercy facilitates the rapid movement of large sums needed to close deals, make distribution payments, or accept capital contributions, offering services like electronic verification and real-time tracking. Our focus on the real estate sector ensures that funds are transferred swiftly and securely, crucial for timely deal closures.

Family & Friends: While Covercy’s primary focus is on large transactions for businesses and investors, our secure and efficient transfer system can be leveraged by individuals looking to send substantial amounts to family and friends abroad. The platform’s transparent pricing and fast transfer speeds ensure that users can support their loved ones without excessive fees.

Vendor & Supplier Payments: Businesses use Covercy for making vendor and supplier payments across borders, benefiting from our transparent fees and low exchange rate margins. This ensures that companies can manage their international supply chains more efficiently, reducing costs and enhancing payment speed.

Learn more about Covercy use cases

send money to family internationally - Covercy

Transfer Fees & Exchange Rates

Covercy supports transfers to various destinations including the United States, most European countries, and Israel, handling transactions in 22 different currencies. Unlike banks, Covercy charges a fixed money transfer fee regardless of transaction size. While exchange rates can vary, you will always know the transfer fee up front.

Here is a list of transfer fees for each currency supported by Covercy. Keep in mind that Covercy is continuously adding currencies and coverage areas, so contact us directly for the most up-to-date information on fees and rates.

Euro: 9 EUR
UK Pound Sterling: 5 GBP
United States Dollar: 15 USD
Australian Dollar: 6 AUD
Canadian Dollar: 6 CAD
Chinese Yuan Renminbi: 100 CNY
Israeli New Shekel: 39 ILS
Swiss Franc: 5 CHF
Romanian New Leulei: 21 RON
Czech Koruna: 129 CZK
Danish Krone: 35 DKK
Hong Kong Dollar: 40 HKD
Hungarian Forint: 1,420 HUF
Japanese Yen: 616 JPY
Norwegian Krone: 39 NOK
New Zealand Dollar: 7 NZD
Polish Zloty: 38 PLN
Swedish Krona: 44 SEK
Singaporean Dollar: 7 SGD
South African Rand: 61 ZAR
Thai Baht: 530 THB
Turkish Lira: 14 TRY

There may be additional fees charged for the cancellation or bank rejection of a transfer. For more information about cancellation fees, click here.

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transfer money exchange rates and fees - covercy

Covercy is committed to simplifying your international financial transactions, ensuring that your investments, real estate purchases, family support, and supplier payments are executed efficiently and securely.

Covercy is Secure and Compliant: We prioritize the security of your funds and ensure full compliance with regulatory requirements, so you can have peace of mind when making cross-border payments.

Covercy Offers Competitive Rates: Our platform offers competitive exchange rates, minimizing the impact of currency fluctuations on your transactions.

Covercy is User-Friendly: We have designed our platform with user-friendliness in mind, ensuring that you can initiate and track your transactions with ease.

Covercy Has Exceptional Customer Support: Our dedicated support team is ready to assist you with any questions or concerns you may have during your cross-border transactions.

Covercy Provides Transparent Pricing: We believe in transparent pricing, so you can easily calculate the cost of your transactions, with no hidden fees.

Learn More About Covercy

What Covercy
customers are saying

“Super fast and professional service. 10/10.”

Luciana Noelia
Cork, Ireland

Frequently Asked Questions

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Your financial world knows no borders, and neither do we.

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Banking services:

*Covercy is a financial technology company, and is not a bank. Banking services provided by Thread Bank, Member FDIC.
The Covercy Visa Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa is accepted.
**Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure and a list of program banks at https://thread.bank/program-banks. Please contact customerservice@thread.bank with questions on the sweep program.

Payment services:

The Currency Cloud Limited (Non MIFID related products). Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) Currencycloud Terms of Use All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

Covercy Europe Limited. Registered in England No. 675000. Registered Office: 5 Elstree Gate, Elstree Way, Borehamwood, Hertforshire, WD6 1JD, UK
Covercy Technological Trading Limited. Registered in Israel No. 57797. Registered Office: 3 Ha-Yetsira St, Ramat Gan 5252141.
For clients based in the European Economic Area, payment services for Covercy Europe Ltd. are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Covercy Europe Ltd. are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
For clients based in the United Kingdom and rest of the world, payment services (Non MIFID related products) for Covercy Europe Ltd. are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Transfer money abroad in just a few clicks.

Move money
faster, safer, and cheaper
with Covercy.

What Covercy
customers are saying

Frequently Asked Questions

Solutions

Resources

Legal

Company

Banking services:

Payment services:

Transfer money abroad in just a few clicks.

Move money faster, safer, and cheaper with Covercy.

What Covercy customers are saying

Frequently Asked Questions

Solutions

Resources

Legal

Company

Banking services:

Payment services:

Move money
faster, safer, and cheaper
with Covercy.

What Covercy
customers are saying