Most apps hide their FX margin inside a friendly-looking rate. We publish ours as a line item. The number you see at confirmation is the number that leaves your wallet, on every corridor, at every hour.
This is our published launch pricing. Coynitt is not yet open to the public and cannot accept customer funds until its FINTRAC MSB registration is approved.
Covers the cost of getting money on and off the rails. It does not grow with the amount you send.
Our margin on the transfer itself, charged on the amount you send, not on what arrives.
Applied to the converted amount and printed as its own line on the quote and the receipt.
Taken when a cycle pays out, capped at CAD 25. Creating and contributing are free.
Taken on funds released to the beneficiary. Contributors pay nothing.
A lower rate on funeral campaigns, applied automatically by category.
No monthly fee, no minimum balance, no inactivity charge on a Coynitt wallet.
The advertised price is rarely the price. Most of what a diaspora sender actually pays sits in the lines below — which is why we do not have them.
An exchange-rate margin is the difference between the mid-market rate and the rate you are given. It does not appear as a fee, so a transfer advertised at no charge can quietly cost 4–7% of the amount sent.
Ours is 0.6%, stated as a line item on the quote and the receipt, computed against the mid-market reference rate at the moment you lock.
No. Same price at 3am on a Sunday as at noon on a Tuesday — the rails do not keep banking hours.
The mid-market reference rate at the moment you lock the quote, with our 0.6% margin shown separately rather than baked into the rate.
No. What the quote says they receive is what they receive, including at mobile-money cash-out.
Minimum CAD 20. At launch, maximum CAD 5,000 per transfer and CAD 15,000 a month per verified sender, with higher tiers on request.
The percentage is flat, so the flat fee matters less as amounts grow. Sends above CAD 10,000 are priced individually.
If they do, we will publish the change here before it takes effect and email everyone with a wallet. We do not intend to discover new fees later.
Our FINTRAC MSB registration is Approval Pending, and we're running partner sandbox testing. Drop your email and we'll send you an early-access invite the day Coynitt opens — before we tell anyone else.
