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.
Move moneyfaster, safer, and cheaperwith Covercy.
Regulated by the UK FCA and The Israeli Capital Markets Authority. Learn more >>
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.
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.
“Super fast and professional service. 10/10.”
Frequently Asked Questions
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Your financial world knows no borders, and neither do we.