Pricing
We take pride in showcasing our fees and being as transparent as possible with you, our clients. By using Covercy, you could save up to 80% on your cross-border payments bank fees, compared to the bank. By saving money on international bank transfers, Covercy helps your business grow.
Fees for sending money with Covercy
Covercy’s pricing system consists of two elements. The first, a small fixed fee, regardless of the size of the transaction. The second being a small margin from the mid-rate. Together, the two enable Covercy to offer competitive pricing you see when creating a transaction.
Below you will find the fixed fees according to the currency you send us and not according to the beneficiary’s currency.
Currency
Transaction fee
Australian Dollar (AUD)
$ 6.00
Canadian Dollar (CAD)
$ 6.00
Czech Koruna (CZK)
Kč 129.00
Danish Krone (DKK)
kr 35.00
Euro (EUR)
€ 9.00
Hong Kong Dollar (HKD)
$ 40.00
Hungarian Forint (HUF)
Ft 1,420.00
Israeli New Shekel (ILS)
₪ 39.00
Japanese Yen (JPY)
¥ 616.00
New Zealand Dollar (NZD)
$ 7.00
Norwegian Krone (NOK)
kr 39.00
Polish Zloty (PLN)
zł 19.00
Romanian New Leu (RON)
lei 21.00
Singaporean Dollar (SGD)
$ 7.00
South African Rand (ZAR)
R 61.00
Swedish Krona (SEK)
kr 44.00
Swiss Franc (CHF)
Fr 5.00
Turkish Lira (TRY)
TL 14.00
United Kingdom Pound Sterling (GBP)
£ 5.00
United States Dollar (USD)
$ 15.00
Cancellations and refunds
Refund fee
If for some reason you would like to cancel a transfer and get refunded, a refund fee will be charged. The refund fee is exactly the amount of the fixed fee displayed in the table above. For example: say you transferred us 10,000 Euros and wanted to cancel the transaction, you will be refunded 9,991 Euros (10,000 – 9 = 9,991). This applies when the client notified Covercy before the transaction took place.
Cancellation fee
In case of a transaction failed due to incorrect beneficiary details provided by you, the client, extra fees might be charged as a result. As bank fees vary in such cases depending on the currency pairs and destination countries, each case will be dealt with on a per case basis. Based on our experience with these issues, in most cases the extra charges do not exceed $40 USD.
