Covercy is not your standard investment management platform. It is an end-to-end system that manages all your operations from fundraising to distributions. Powered with AI (Artificial Intelligence), you can make everything accurate and streamlined.
Written by the business, not verified by us.
Is Covercy legit?
Covercy (covercy.com) has a 4.4 out of 5 rating on OK.one, based on 101 user reviews collected here. It is listed under Money & Insurance and its reputation is good. 84% of reviews are 4 stars or higher and 12% are 1 star; The business has replied to 23% of negative reviews; 6 of them were added in the last 12 months. Last updated 2026-08-28.
Overall the service is great. It is very competitive on small transfers, but large transactions might still be cheaper at a bank.
Reply from Covercy2019-01-22
Thank you! Our transfer fees stay the same, no matter the size of the transaction. While exchange rates may vary from day to day, you can always know how much we charge for a transfer before you get started! Let us know if you have any questions.
It's always scary wiring your money to some random company, not knowing whether or not you'll see it again on the other end.
But I have to say, this experience went very smoothly and I would definitely use Covercy again.
Few times they hold the money with them for over 3-4 days before making the transfer. I had 2 deals that got cancelled due to their slow transfer and response.
I have missed up on investments as they did not respect the deadline
Will never use them again
Reply from Covercy2019-01-14
Hi Stephanie.
I am sorry to see that your experience was not a good one and would like to speak with you about the case if you'd like.
Feel free to email me at [email protected]
What a great way to transfer money abroad! cheap, fast and so so professional! almost too good to be true!
Will definitely use them again in the future. Highly recommend xx
Thank you so much for your feedback!
We'd love to learn from you where you feel that the process was complicated.
Please send us the feedback to [email protected].
I transferred some money to the UK. The rates were fantastic, but overall for something supposed to be automated they could use some more automation. I transferred money immediately and because Covercy and I happen to use the same bank that transfer is actually immediate. Yet they didn't acknowledge it for 2 days (I was told because my transfer was still being approved). Accurate information would have been easier on everyone!
Ultimately the transfer was approved (they called to clarify some information which was fine they were right), and the transfer was approved and everything was great. But had I been properly kept in the loop that would have let me feel better that I knew where my money was.
this is the second time I use Covercy to transfer from my Israeli account to my British account and the service is very efficient and quick. I would definitely recommend using it.