THE HIDDEN NUMBER
A "zero fee" transfer is usually the expensive one.
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.
0.6%our FX margin, printed as its own line
4–7%what a "zero fee" transfer can quietly cost
Coynitt is our published launch pricing, not measured customer transactions. The others are typical all-in cost on a CAD 300 Canada-to-Africa send — our reading of publicly advertised pricing in August 2026, and the World Bank's reported average for Sub-Saharan African corridors.
2.92%Coynitt · all-in on CAD 300
4.1–5.3%Digital challengers
8.4–8.9%Legacy money-transfer operators
8.78%Sub-Saharan corridor average