Pricing & Transfer Fees Policies

CURRENCYFIXED TRANSFER FEE
Euro€9.00 EUR
United Kingdom Pound Sterling£5.00 GBP
United States Dollar$15.00 USD
Australian Dollar$6.00 AUD
Canadian Dollar$6.00 CAD
Israeli New Shekel₪39.00 ILS
Swiss FrancFr5.00 CHF
Romanian New Leulei21.00 RON
Czech KorunaKč129.00 CZK
Danish Kronekr35.00 DKK
Hong Kong Dollar$40.00 HKD
Hungarian ForintFt1,420.00 HUF
Japanese Yen¥616.00 JPY
Norwegian Kronekr39.00 NOK
New Zealand Dollar$7.00 NZD
Polish Zlotyzł38.00 PLN
Swedish Kronakr44.00 SEK
Singaporean Dollar$7.00 SGD
Thai Baht฿530.00 THB
Turkish LiraTL14.00 TRY
South African RandR61.00 ZAR
Chinese Yuan Renminbi¥100.00 CNY

Cancellation and refund policy

Each transaction through Covercy is made up of two services: currency exchange and currency transfer. If a transfer is canceled after the exchange has taken place, during the approval process, there are two refund options.

The funds will be re-converted to the original currency and refunded to your account, minus the currency conversion fee.
OR
The amount will be refunded to the account from which you sent the funds in the converted currency. Your bank may charge additional fees for this kind of refund.

If you need to cancel a transaction, please contact us at support@covercy.com.

Bank rejection policy

If a receiving bank rejects your transfer for any reason, we charge a handling fee of either 0.15% of the transfer amount or fixed transfer fee, depending on the transfer amount.

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Covercy is the first real estate syndication platform where banking meets investment management. Save time with our automated distribution & capital call payment processing, gain your LPs’ trust with our intuitive Investor Portal, and generate interest from capital funds held in your Covercy Wallet –  all in one platform.

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Banking services:

Covercy is not a bank. Banking provided by Choice Financial Group; Member FDIC. Deposits are insured up to at least $250,000 per depositor, per FDIC-insured bank, per ownership category. The APYs presented here are indicative as of July 26, 2023 and fluctuate as the interest rate changes

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)
  • 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.

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