We charge two things to move your money. We show you both, every time. Most remittance apps hide their FX margin. We don't.
$0.99 flat + 2% of what you send.
The $0.99 covers the fixed cost of every transfer — KYC verification, support, compliance, and infrastructure. The 2% covers the per-corridor cost — on-ramp from CAD, stablecoin settlement, and payout in local currency. Smaller transfers cost a bit more per dollar because the fixed cost is unavoidable.
0.6% of what you send — shown openly on every quote.
We retain a small margin on the currency conversion to cover liquidity, settlement spread, and volatility. We disclose this directly on every quote — as a separate line item, in dollars and as a percentage, with the mid-market reference rate alongside.
Most remittance apps charge an explicit fee plus an undisclosed FX markup. The FX markup is often larger than the visible fee. We don't hide ours. Our 0.6% is among the smallest in the market, and it appears as a line item on every quote you see — not buried in the exchange rate.
We quote against mid-market rates published by the Bank of Canada, Central Bank of Kenya, Central Bank of Nigeria, Bank of Ghana, South African Reserve Bank, and Reserve Bank of Zimbabwe. The reference rate appears on every quote, alongside our offered rate. You can verify our margin yourself.
Send $5 or $5,000. Smaller transfers cost more per dollar — that's honest math, because the fixed cost of moving money is unavoidable — but we never tell you "you cannot send that much." Send your dad's transit fare. Send your sister her birthday money. Send what you need to send.
Every transfer. Every corridor. Every time.
| Line item | Amount | What it is |
|---|---|---|
| You send | CAD $300.00 | Your transfer amount |
| Coynitt fee | $6.99 | $0.99 flat + 2% of send |
| Coynitt FX margin | $1.80 | 0.6% of send (disclosed) |
| Total cost | $8.79 | 2.93% of what you send |
| Exchange rate | 1 CAD = 94.5 KES | Our quote |
| Mid-market reference | 1 CAD = 95.07 KES | From the Bank of Canada — published daily |
| Recipient gets | KES 27,556 | Net of FX margin |
| Delivery target | ~5 minutes | To M-Pesa |
Smaller transfers cost more per dollar. Larger transfers cost less per dollar. The math is the same every time.
| You send | Coynitt fee | FX margin | Total cost | All-in % |
|---|---|---|---|---|
| $50 | $1.99 | $0.30 | $2.29 | 4.58% |
| $100 | $2.99 | $0.60 | $3.59 | 3.59% |
| $200 | $4.99 | $1.20 | $6.19 | 3.10% |
| $300 | $6.99 | $1.80 | $8.79 | 2.93% |
| $500 | $10.99 | $3.00 | $13.99 | 2.80% |
| $1,000 | $20.99 | $6.00 | $26.99 | 2.70% |
| $2,000 | $40.99 | $12.00 | $52.99 | 2.65% |
| On the quote screen | Wise | NALA / LemFi / Remitly | Coynitt |
|---|---|---|---|
| Send amount | Shown | Shown | Shown |
| Explicit fee | Shown | Shown | Shown ($0.99 + 2%) |
| FX margin (markup vs mid-market) | Hidden in "the real rate" | Hidden | Shown — $1.80 on a $300 send |
| Mid-market reference rate | Implied via "real rate" claim | Not shown | Shown (Bank of Canada cited) |
| Recipient currency amount | Shown | Shown | Shown |
| Delivery target | Shown | Shown | Shown |
| Total cost % of send | You calculate it | Not shown | Shown — 2.93% on a $300 send |
Wise has 15+ million customers and processes more volume in a week than we'll process in our first year. Their scale lets them spread the fixed cost of every transfer across more transactions. Our $0.99 flat fee reflects the actual fixed cost of moving money at our current stage. As we grow, this comes down. We won't pretend it's smaller than it is just because that would feel better.
Because hidden FX margins are the single biggest cost-trap in remittance, and the diaspora knows it. When you've sent money home enough times, you stop trusting "the best rate" claims. You want to see the math. So we show it.
Most retail money-transfer providers retain 1% to 3% on Africa corridors. Wise retains a smaller margin on major-currency pairs (EUR / USD) but a bigger one on African currencies. Western Union retains 2% to 5%. Our 0.6% is materially below the median.
Local mobile money networks (M-Pesa, MTN MoMo, Airtel Money) and recipient-side banks sometimes add a small fee on receipt — that's set by them, not by us. We don't collect it and we don't see it. If a fee will be applied at the recipient side, we'll surface what we can on the quote screen.
Possibly. Partner terms change, corridor liquidity changes, and our scale changes. If we change our published fee structure, we'll update this page and your in-app fee disclosure on the same day. We won't change a fee without telling you.
Alberta-incorporated. FINTRAC MSB registration in review. Designed so customer funds are not used for lending or operating expenses. Transfers may still be delayed or reviewed when required for fraud prevention, sanctions screening, or AML obligations.
