| CURRENCY | FIXED 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 Franc | Fr5.00 CHF |
| Romanian New Leu | lei21.00 RON |
| Czech Koruna | Kč129.00 CZK |
| Danish Krone | kr35.00 DKK |
| Hong Kong Dollar | $40.00 HKD |
| Hungarian Forint | Ft1,420.00 HUF |
| Japanese Yen | ¥616.00 JPY |
| Norwegian Krone | kr39.00 NOK |
| New Zealand Dollar | $7.00 NZD |
| Polish Zloty | zł38.00 PLN |
| Swedish Krona | kr44.00 SEK |
| Singaporean Dollar | $7.00 SGD |
| Thai Baht | ฿530.00 THB |
| Turkish Lira | TL14.00 TRY |
| South African Rand | R61.00 ZAR |
| Chinese Yuan Renminbi | ¥100.00 CNY |
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.
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.
Banking provided by Choice Financial Group: Member FDIC.
*Actual formula for calculating APY: If your balance is between $120,000 and $1 million (Fed
Funds Rate – 0.2%) * 48%. If your balance is between $1million and $15 million, you would earn
(Fed Funds Rate – 0.2%) * 65%. The above APYs represent a Fed Fund Rate of 4.0% and are true as
of Nov 2, 2022.
