How Long Does a Money Transfer Take?

The time required for an international money transfer can vary based on several factors. Understanding these factors helps you plan your transfers effectively and set appropriate expectations.

As a regulated financial institution, Covercy must meet certain regulatory requirements before processing transfers. Sometimes this means we need additional documentation before approving a transaction. Completing verification requirements promptly helps minimize delays.

Once your transfer has been approved and the funds arrive in Covercy's account, processing happens quickly. Transfers received during business hours are typically processed the same day. Funds received later in the day may be processed on the next business day.

From the moment a transfer is approved, you can generally expect funds to arrive in the recipient's account within 1-3 business days. The exact timing depends on the destination country, the receiving bank, and the currencies involved.

Some currency routes are faster than others. Transfers to major financial centers and widely-traded currencies often process more quickly. Transfers to regions with less developed banking infrastructure may take slightly longer.

Banking holidays can also affect timing. If either the sending or receiving country has a bank holiday, this may add a day to the processing time. We account for known holidays in our delivery estimates.

To track your transfer's progress, log into your Covercy account at any time. You'll see real-time status updates and receive email notifications at key stages of the transfer process.

For time-sensitive transfers, we recommend initiating the process well in advance. Starting your transfer early gives you buffer time for any documentation requirements or unexpected delays.

Ready to send money internationally? Create your free account and experience fast, reliable international transfers with Covercy.