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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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.

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.

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.

Why Choose 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.