TransferGo Review- A Fast and Cheap Way to Transfer Money 2019

5 stars based on 13242 reviews

TransferGo Review by Exchange Rate IQ

Overall rating
8 /10

We value your money and therefore, here we are providing you with the unbiased review of TransferGo. This review is based on our research, customer reliability on the company and how authentic its services are. TransferGo is an alternative to banks which provides “international money transfers” with a major focus in the European countries. It offers the cheapest way to send money to India at the mid-market exchange rates and zero transfer fees.

TransferGo is an “online money remittance company” with headquarter in London. Customers can transfer funds from over 33 countries to over 45 countries. The company has processed more than £700 million in online transfer via web and app. TransferGo money remittance service works on the principle of local in-local out. This means, the customer makes a transaction with local currency in the account of TransferGo and then the company makes local payment to the bank account of the recipient. Some of the benefits of TransferGo are:

  • Low and Transparent Fee
  • Competitive Rates
  • No Transfer Limits
  • Fastest Delivery in 30 Minutes

Review of TransferGo :

Launched in the year 2012, TransferGo offers inexpensive money transfer services for the migrant workers. The company uses a digital transfer process on an account-to-account model, where money transfers do not leave the country as funds are paid in and out locally. A UK-based company, it offers its services in 22 currencies over 47 countries.

TransferGo offers both personal as well as business transfers in the local-in local-out model. Payments can be made through a bank account or debit and credit card. However, it only supports few currencies through cards and these are GBP, DKK, EUR, PLN, NOK, and SEK with a maximum transfer limit of 2,000 GBP. There is no maximum transfer limit on TransferGo when the amount is transferred through a bank account.

TransferGo customer support is available for a few hours in multiple languages, where users can ask the queries related to their transfers. Besides this, the company is also providing enough security to protect the customers from any cyber crimes.

Overall, we rate 8 out of 10 to TransferGo as its services are not fully available in the US, which can help it to grow more.

Pricing : How much does TransferGo cost?

8 /10

TransferGo Transfer Fee:

TransferGo fee differs from the way you transfer and the country you are transferring the funds to. Its transfer fee is fixed and has an additional conversion fee of 0.6% to 1.5% of the transfer amount, which depends on the country you are sending funds from. Some of its various transfers and their fee are:

  • Delivery in 3-5 working days: £ 0.00 (free)
  • Delivery in 1 business day: £ 0.99
  • Delivery in 30 minutes: £ 1.99 or more

TransferGo Exchange Rate:

TransferGo will convert the money from its customers at the prevailing mid-market prices by deducting 0.2% to 2.2% of the margin. The rate gets locked once you start the transaction, so you need not to worry about changing rates.

If speed is not an issue, then TransferGo offers cheap transfers and also the exchange rate margin will be zero. Therefore, experts of Exchange Rate IQ provide TransferGo 8 out of 10 under the pricing head.

Transparency: Does TransferGo have any hidden fees?

7 /10

TransferGo Hidden Fee: The company does not have any hidden fees. You will get all the details of the amount you need to paid and received by the recipient while performing the transaction. However, there should be some additional cost if you transfer the funds through debit and credit card, which will also be shown at the time of the transaction.

TransferGo Tracking Details: If you are transferring the funds through TransferGo, you can track it on your dashboard. It will provide the pending and complete transactions there, where you will get the details on how much time it will receive to the recipient.

You can also cancel the transfers from the website of TransferGo, but if you have once made the transfer, you need to contact TransferGo customer support and it will cancel the booking within 24 hours.

The company has no hidden fees and also providing enough tracking details, however, it does not have a cancellation on a click and you need to contact them. Therefore, we provide 7 out of 10 rating to it under transparency head

Transfer Speed: How long does it take to send money through TransferGo?

8/10

The time taken by TransferGo varies from country to country and based on your needs. It has some main countries where the general delivery time is:

  • Standard delivery takes place on the next business day from the time the company receives your amount.
  • Cheap delivery takes up to 3 business days from the time the company receives your amount.
  • It is also providing faster delivery options, where the funds get delivered in 30 minutes, depending on the country from where you deposited the amount.
  • Recently, TransferGo has launched same-day international money transfers on weekends which offers guaranteed money delivery by 5.30 pm (GMT) on the same day when the booking is made, provided that the transfer is made by 12:30 pm.

There are some countries where it has limited services and takes more than 1 business day to deliver the funds. These are:

  • USA
  • Australia
  • Bulgaria
  • Canada
  • Switzerland
  • Czech Republic
  • Hong Kong
  • Israel
  • Mexico
  • Africa

So, on the base of transferring speed of TransferGo, we would rate it 8 out of 10 because in many countries, it is offering 1 business day transfer and also allowing instant transfers in case of faster delivery option.

Coverage: How many Countries & Currencies does TransferGo support?

7/10

One can send the money to 47 countries through TransferGo from over 30 countries in 22 currencies. One can send the money through a bank account, debit and credit card to these countries. The company provides transparent exchange rates and the flat fee which will be shown during the transaction. Some of the top countries, where you can send money through TransferGo are:

Send Money to following counyties via TransferGo

Australia Greece Germany Malta Poland
UK USA India Italy France
Russia Canada South Africa Denmark Norway and more

As we see an overall coverage area of the company, we will provide 7 out of 10 to it. This is because the company is not providing its services to many countries and it still has a vast area to cover. So, if you are among the countries cover by TransferGo login here.

TransferGo Transfer Process

TransferGo: How it works?

  1. Go to TransferGo website.

  2. Select the country to which you have to send the money and click on “Get Started”.

  3. You need to sign up, either personal or business.

  4. Enter email and password or you can sign up with Facebook or Google account.

  5. Enter all the personal details including bank account, ID etc.

  6. Enter the recipient details.

  7. Enter money you want to send and re-check the details.

  8. Click on send.

  9. Your amount will be received by the recipient in the time shown during the transaction.

Send money with TransferGo

Send money with TransferGo in Romania

More than 2 million people from Romania live in the UK and other parts of Europe which look after the most trusted money transfer facility. So, TransferGo offers this facility to such people who want to send money back to their families in their native country. It delivers money within 3-5 working days if you transfer it through bank account on free delivery basis. If there is an emergency, the amount will be reached to the recipient within 24 hours on the fast delivery with higher fees or provide standard delivery in 3 days which also attracts a small fee. So, if you transfer 500 GBP to Romania, it will charge £0.99 on standard delivery and £1.99 on same day delivery, for express delivery, it charges a higher amount.

Send money with TransferGo in Germany

Transfer money internationally to your family is now a hassle-free task and you need not visit the company offices again and again like earlier. This has become easier with TransferGo, which offers you to low flat fees and high exchange rates where you send money using your bank account or debit card. The company offers the fastest delivery option within 30 minutes where it charges flat fees of £2.99 when you send amount up to 2000 GBP.

The transfer process of TransferGo is super-easy and it also offers great exchange rates. Besides, it has a great customer support service which helps you in the language you understand.

Send money to Australia with TransferGo

TransferGo allows Bank account, debit card as well as a credit card to transfer money from one country to another. It transfers money within 3-5 days when you make the normal transfer, while in standard and express transfers, it sends money faster compared to other competitors.

Besides, the company also caters to business customers and helps them to pay to their employees, suppliers, freelancers, etc. The transfer fee for individuals as well as businesses are the same and the rates margins also become lower as you increase the transfer amount.

User experience of TransferGo

8/10

TransferGo is a highly responsive website, which will provide all the details of fees and exchange rates when you select the country to transfer the funds. Its website is also available in multiple languages so that more and more people can connect to it. Besides this, it also offers cheap as well as fast transfers, depending on the option you select for sending the funds.

While it is only possible to send the money to the bank account of the recipient as the company does not offer any cash pick-up or courier services. Besides this, TransferGo also does not offer airtime top-up or mobile transfer. So, one can only send the funds through a bank account or debit and credit card. Some of the positive and negative points considered by the customers are:

Positive:

  • High speed and low transfer fee
  • Easy to use service
  • Good customer support
  • No minimum and maximum transfer limits

Negative:

  • Limited availability in the world
  • Bank deposit and debit/credit card transfer only

TransferGo Invite Code:

TransferGo does not have any promo code, besides this, the user can refer it to any friend to earn free transfers. It will provide a unique link which you can share with your friends and earn thousands of pounds if he/she will transfer more than £50 or more with no transfer fees.

TransferGo Contact:

You can contact the company between Monday to Friday, from 7.00 a.m. to 16.00 p.m. BST, excluding bank holidays. Some of its contact numbers for different lingual people are provided under:

English:

+44 13 9269 4030

+49 30 2000 42053

Lithuanian:

+44 11 8310 0891

+370 521 40 4 50

+49 30 5683 8124

Polish:

+44 14 3830 5041

+48 58 881 05 00

+49 30 2000 42077

Romanian:

+44 115 824 3082

+40 31 630 1568

+49 30 5683 8134

Latvian:

+44 13 2980 1033

+371 678 59 665

+49 30 5683 8045

Russian:

+44 13 7535 2030

+49 30 5683 8115

+48 12 881 32 54

Ukrainian:

+48 58 881 03 54

+44 114 303 1667

+49 30 5683 7611

+380 893 240 520 (only for the calls from Ukraine)

Turkish:

+49 30 5884 9180

+44 203 856 4456

+908503907412

You can also mail your queries to the company at [email protected]

TransferGo Mobile Apps

The company has been providing the mobile apps, you can download TransferGo app here:

1. TransferGo Android App

2. TransferGo iOS App

On an overall user experience basis, we provide 8 out of 10 to TransferGo because the company does not offer online transfers or air-time top up. At the same time, one cannot use other cards except Visa and MasterCard. You can also not use your crypto currencies or money market securities to transact through TransferGo.

Security : Is TransferGo Safe?

9/10

TransferGo keeps the personal and financial information of its clients separately. The company has been following various regulations which help it to keep the high privacy for its users.

  • The company offers institutional grade security, which includes 256-bit SSL encryption with a 2048-bit signature.
  • The company has been regulated by the UK Financial Conduct Authority.
  • It is also registered with Her Majesty’s Revenue and Custom.

As we see that the TransferGo is fully licensed and fully secured, hence we provide 9 out of 10 to its security measures.

TransferGo Exchange Rate

Transfer Type And Modes

Pay In Options

Bank

Pay Out Options

Bank

Service Mode

 Online

Exchange Rate Type

Fixed

TransferGo FAQ's

How do I know if the recipient has received money or not?

TransferGo provides you with the details of money transfer at every step through email. You can also track the transfers just by logging in at your dashboard.

Discuss this question

TransferGo Vs TransferWise: Which money transfer company is better to send money to India?

Both the companies are best at their places. TransferGo offers mid-market exchange rates while TransferWise offers real time rates. However, TransferGo provide cheap transfers as it charges no fees, While TransferWise charges fees even in its low-cost transfer option. TransferGo provides faster delivery compared to TransferWise.

Discuss this question

Can I make payments using a credit card or debit card through TransferGo?

Yes, TransferGo accepts debit and credit card but that should be of MasterCard and Visa only. It does not accept any other company’s cards. So, those who want to transfer funds through any other card could not use its services. At the same time, it does not accept crypto currencies, Savings and Money Market accounts, American Express and Discovery card.

Discuss this question

Does TransferGo provide cancellation and refund services?

Yes. You can cancel the transfers within 24 hours after completing the transaction by contacting the support team. The amount will credit back to your account in the next 5-7 working days.

Discuss this question

What is minimum and maximum transfer limit of TransferGo?

TransferGo has no minimum transfer limit. You can send as much amount as you want through it with its maximum limit for the online transaction of £25,000. 

Discuss this question

Alternatives to TransferGo

TransferGo User Reviews and Ratings

reviews powered by trustpilot

Лучшее приложение для перевода денег! Для бесплатного перевода и начисления бонуса 15 фунтов, указывайте в период регистрации текущий базовый код приглашения: FREEGO

Review published ago

Super приложение! Просто и удобно пользоваться, быстрый перевод денег по всему миру, приемлимые цены оплаты за услуги перевода, хороший курс обмена! Оперативная служба поддержки. Рекомендую!

by Ольга

Лучшее приложение для перевода денег! Для бесплатного перевода и начисления бонуса 15 фунтов, указывайте в период регистрации текущий базовый код приглашения: FREEGO

Review published ago

Super приложение! Просто и удобно пользоваться, быстрый перевод денег по всему миру, приемлимые цены оплаты за услуги перевода, хороший курс обмена! Оперативная служба поддержки. Рекомендую!

by Ольга

I had problem with transfering money

Review published ago

I had problem with transfering money, caused by myself( i didnt fill a a swift code in bank name). Transfer.go support solved my problem and transfered my money again.

by JD

I had problem with transfering money

Review published ago

I had problem with transfering money, caused by myself( i didnt fill a a swift code in bank name). Transfer.go support solved my problem and transfered my money again.

by JD

Супер приложение для отправки денег! Для бесплатного перевода и начисления бонуса 15 фунтов(465 грн), зарегистрируйтесь используя текущий базовый код приглашения - FREEGO

Review published ago

Это очень класный сервис, отправляю деньги с этим приложением в течение одного года, и у меня никогда не было проблем. Они работают очень хорошо. Быстро, эффективно и намного дешевле, чем в традиционных банках! Рекомендую всем❤️

by Анастасия Адаменко

Супер приложение для отправки денег! Для бесплатного перевода и начисления бонуса 15 фунтов(465 грн), зарегистрируйтесь используя текущий базовый код приглашения - FREEGO

Review published ago

Это очень класный сервис, отправляю деньги с этим приложением в течение одного года, и у меня никогда не было проблем. Они работают очень хорошо. Быстро, эффективно и намного дешевле, чем в традиционных банках! Рекомендую всем❤️

by Анастасия Адаменко

Great service! For a free transfers and a bonus of 15£(17€), use the base invite code - FREEGO

Review published ago

A useful, simple, easy and secure way to transfer money💸 online. Thanks so much for such an amazing service! Recommended everyone!!

by Rose Kowalski

Great service! For a free transfers and a bonus of 15£(17€), use the base invite code - FREEGO

Review published ago

A useful, simple, easy and secure way to transfer money💸 online. Thanks so much for such an amazing service! Recommended everyone!!

by Rose Kowalski

отличный сервис

Review published ago

отличный сервис, быстро и надежно!!

by agape

Super danke Top

Review published ago

Top super danke

by Sebastian Klisa

Excellent company I’m very very happy…

Review published ago

Excellent company I’m very very happy thank you very much

by lejewel_uk London

My opinion is that this is a very fast…

Review published ago

My opinion is that this is a very fast transfer way at lowest rate posible on the market. Love it.

by Maria Magdalena

Very poor service

Review published ago

Very poor service

by d r

Simplu si rapid

Review published ago

Simplu si rapid. O aplicatie usor de utilizat plus o echipa de oameni minunati gata sa te ajute

by Marian Visan

Лучший сервис и Операторы самые лучшие

Review published ago

Лучший сервис и Операторы самые лучшие

by Andrii Zainchkovskyi

Ătri un labi

Review published ago

Ătri , ērti , pieejami

by Solvita Jankuna

Всё ok

Review published ago

Ok, ok, ok, ok, ok.

by Meshchaninov Vadym

happy

Review published ago

Very quick sorting out my problem.

by Sintija Krusiete

Türkiyeye para göndermenin en mükemmel…

Review published ago

Türkiyeye para göndermenin en mükemmel yolu...

by Osman Aktas

Super !!!!

Review published ago

Super App, kann ich nur empfehlen.

by Kerstin

W momencie moich wątpliwości co do…

Review published ago

W momencie moich wątpliwości co do terminu wypłaty bonusu wystarczyła jedna wiadomość do obsługi Transfergo, a już rano następnego dnia miałam maila z odpowiedzią i rozwiązaniem mojego problemu. Parę dodatkowych pytań i wiedziałam już wszystko. Zdecydowanie polecam!

by Karolina

SUPER

Review published ago

SUPER SZYBKA SPRAWNA TRANSAKCJA

by Zenon

Советую

Review published ago

Советую. У меня возникла проблема с переводом, но со мной сразу связались и помогли решить её. Очень хорошая и оперативная команда. Я остался доволен, как всегда!!!!! Спасибо Вам Transfer GO

by Александр

В шоке от таких щедростей) Бонус почти в 500грн! Промокод - Bonus2020

Review published ago

Спасибо разработчикам за такой прекрасный способ перевести быстро и ВЫГОДНО денюжку. Первый раз только что перевел с Польши на Украину деньги использую этот ПромоКод - Bonus2020 - Пришёл мне на карту бонус к сумме которую переводил ещё почти +500грн О_о Буду и дальше пользоваться вашими услугами! Спасибо что Вы есть))

by Артём Малов
show more >>

Compare TransferGo With Other Money Transfer Companies

TransferGo Company & Contact Info

Address:- Canary Wharf in London, Great Britain
Email:- [email protected]
Phone:- +44 13 9269 4030
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