About Covercy

Covercy is an international bank transfer system that offers individuals and SMBs a simple and secure platform from which to manage commercial cross-border payments. Incorporating guaranteed rates and low fees as well as a user-friendly platform and tracking features, Covercy aims to provide users with a quicker, cheaper and simpler international bank transfer solution.

The Covercy process is straightforward, enabling users to create and track online financial transactions conveniently and easily. Users can input the amount of money they wish to send or define the amount of money they wish the recipient to receive, while determining the currency in each case. Covercy then applies their rates and presents users with a corresponding amount to transfer. Once users enter their details and the recipient’s details, Covercy can perform security checks and process the payment. From the Covercy user portal, individuals can view their past activity as well track the status of their current transfer payments.

Covercy employs the same 256-bit encryption used by banks to ensure that all user data and information is completely secure. Moreover, Covercy is fully regulated with all practices audited, monitored and verified by Howard Kennedy Law Firm, Barnea & Co. Law Firm and Ernst & Young to encourage enterprises and individuals to use Covercy with confidence.

Key benefits of Covercy

  • Covercy incorporates 256-bit encryption, protecting user information and funds thoroughly.

  • Covercy is authorized and regulated by the Financial Conduct Authority, complying with the correct procedures in order to deter and detect financial crime effectively.

  • Users have access to their own Covercy online account, enabling them to view previous activity and track current transfer processes easily.

  • Covercy transfers payments quickly, aiming to deliver funds within 24 hours in most currencies.

  • Covercy provides a user-friendly platform, allowing users to create payment transactions, enter sender and recipient details and track payment processes simply and effectively.

  • Devices

    Business size

    S M L

    Markets

    United States, Canada, United Kingdom, Australia, China, Japan, Germany

    Supported Languages

    English, Hebrew

    Images

    Define amount to be transferred and currencies from/to
    Add sender details
    Enter recipient details
    Complete payment transfer by uploading funds
    View current and previous transfer activity
    View 6 more
    Covercy video
    Covercy screenshot: Define amount to be transferred and currencies from/to Covercy screenshot: Add sender details Covercy screenshot: Enter recipient details Covercy screenshot: Complete payment transfer by uploading funds Covercy screenshot: View current and previous transfer activity

    Features

    Total features of Covercy: 19

    • Activity Dashboard
    • Activity Tracking
    • Authentication
    • Currency Conversion
    • Customer Accounts
    • Electronic Payments
    • Financial Management
    • Forms Management
    • Multi-Country
    • Multi-Currency
    • Multi-Location
    • Progress Tracking
    • Records Management
    • SSL Security
    • Secure Data Storage
    • Secure Login
    • Status Tracking
    • Transaction History
    • Transaction Monitoring

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    Reviews

    Overall rating

    4,3 /5
    (7)
    Value for Money
    4,3/5
    Features
    4,6/5
    Ease of Use
    3,9/5
    Customer Support
    3,7/5

    Already have Covercy?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 7
    Amit S.
    Overall rating
    • Used Other for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    It was really simple and easy like just the commercial promised

    Reviewed on 2018/05/15

    Simple and easy , did what promised and as promised - which is rare these days :)

    Simple and easy , did what promised and as promised - which is rare these days :)

    Pros

    It works - and delivered on time - with good conversation rates. overall had a great experience got notification emails throughout the process .

    Cons

    I think the process itself was a bit tricky to understand - sending money back and forth not directly from one place to another, but after a first successful run I'll use it again for sure

    Response from Covercy

    Thank you so much Amit for your kind review!

    Avraham G.
    Overall rating
    • Industry: Computer Software
    • Company size: 10 000+ Employees
    • Used Other for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    A very good experience and low commission (comparing to a bank and other service providers)

    Reviewed on 2018/05/15

    Pros

    I liked the phone call from the representative to let me know that there were several transactions like mine with booking.com that were a scam and he asked me if I'm sure I want do it. I felt my money security was his first choice and not the company commission. BIG LIKE!!!

    Cons

    I hated it that there was (or at least not visible enough) no list of documents I will need to fill\send in the first page of the software. I started filling the forms several times and stopped because in the next screen I needed a document I did not currently had.

    Response from Covercy

    Thank you Avraham for such a kind review.
    Your notes will be studied and considered.

    Jill M.
    Overall rating
    • Used Monthly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 0.0 /10

    Covercy has caused us to waste an unbelievable amount of time and money while we tried to...

    Reviewed on 2017/08/07

    For a short time, we were able to make international transfers at a discounted rate.

    For a short time, we were able to make international transfers at a discounted rate.

    Pros

    Covercy is pretty easy to use, as far as the transferring process is concerned. The steps and interface are pretty clear.

    Cons

    We were using Covercy for a few months and enjoying their service. We then switched office managers, so we contacted them, as we were supposed to, to update contact/user information. They then proceeded to start a process with us where they asked for documents saying it was required for legal purposes, even though we had already used their service for months. They never stated CLEARLY which documents were needed, but every time we would submit documents (confidential company information) they would take an unacceptably long time to review and then tell us it was the wrong document, and request something else. Finally, when I was sure we had sent in the right document, after disrupting shareholders, accountants, etc, THEY CLOSED OUR ACCOUNT OUT OF NOWHERE, SAYING BECAUSE OF A STRATEGIC DECISION ON THEIR PART THEY NO LONGER OFFER COMPANIES LIKE OURS SERVICE, AND WE ARE PERMANENTLY LOCKED OUT OF OUR ACCOUNT! Covercy has caused us to waste an unbelievable amount of time and money while we tried to cooperate with their requests and ultimately left us without this service in the middle of our payment cycle.

    Avigail G.
    Overall rating
    • Used Other for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support

    I transferred money to fund my own investment account. had a good overall experience

    Reviewed on 2018/05/16

    Pros

    I like the fact than the prices are well transparent, and before you start a transaction you're well aware of all the underling fees and you know exactly how much you'll send/receive .

    Cons

    Costumer service was fair, but could improve - when I been asked to reopen a transaction for technical reasons, I had to argue with them in order to get the promised convert rate.

    Response from Covercy

    Thank you Avigail for your feedback!

    Nisha D.
    Overall rating
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Superb Service!

    Reviewed on 2016/12/12

    Covercy's platform to transfer money was easy and efficient. I had no problems setting myself up...

    Covercy's platform to transfer money was easy and efficient. I had no problems setting myself up and there online support was able to answer any questions I had very quickly.

    Pros

    Fast

    Cons

    N/A

    Showing 5 reviews of 7 Read all reviews

    Covercy FAQs

    Below are some frequently asked questions for Covercy.

    Covercy offers the following pricing plans:

    • Pricing model: Free, Subscription
    • Free Trial: Available

    Covercy offers low spreads and basic fees per transfer. Transaction fees for sending money with Covercy. 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

    Covercy offers the following features:

    • Activity dashboard
    • Activity monitoring
    • Activity tracking
    • Authentication & security
    • Currency conversion
    • Electronic payments
    • Financial management
    • Forms management
    • Multi-country
    • Multi-currency
    • Multi-location
    • Progress tracking
    • Records management
    • Secure data storage
    • Secure login
    • Security & encryption
    • Status tracking
    • Tracking features
    • Transaction history
    • Transaction monitoring
    • Transfer management
    • User accounts

    Covercy has the following typical customers:

    Small Business, Mid Size Business

    Covercy supports the following languages:

    English, Hebrew

    We do not have any information about what devices Covercy supports

    We do not have any information about what integrations Covercy has

    Covercy offers the following support options:

    Online Support, Phone Support, FAQs, Knowledge Base

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