Editorial review of TransferGo

Overview

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

Pricing : How much does TransferGo cost?

Pricing Rating : 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?

Transparency Rating : 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?

Transfer Speed Rating : 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.

Security : Is TransferGo Safe?

Security Rating : 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.

User experience of TransferGo

User Experince Rating : 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 hello@transfergo.com

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.

Coverage: How many Countries & Currencies does TransferGo support?

Market Coverage Rating : 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 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.

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.

Is my money secure with TransferGo?

Sending money with TransferGo is a good idea because they are a legit company that has been offering international remittance services for a while. With over 2 million users across the globe, the security of your money should be the least of your concern. To confirm this, you can take some time to read the reviews on money transfer platforms online.

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.

Money has taken longer than what TransferGo Tracking service mentioned. What do I do?

Once in a while you may experience minor delays in your transaction. This is common with almost every online money transfer app. However, it is easy to solve such issues. All you need to do is, get in touch with the customer care support through their support page here where you will find their email and phone contacts.

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.

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. 

How can I get a TransferGo account?

You can sign up for a TransferGo account for free online through their website. It should only take a couple of minutes before your account is ready. When signing up, you will be required to enter your personal details including your card and bank details. Make sure that you provide each information accurately to avoid experiencing issues with the service.

Transfergo User Reviews and Ratings

Przestańcie robić ludzi w chuja!

Review published on 08-05-2024

Robicie ludzi w chuja że głowa boli. Kontakt z supportem to jakaś porażka jebana. Po wysłaniu przelewu lokalnego do odbiorcy ni stąd ni zowąd nagle bez żadnego powodu opcja przelewów natychmiastowych została wyłączona! Na supporcie lecą totalnie w chuja tłumacząc się jakąś awarią.. Dziwne bo moja żona jakimś cudem opcję przelewów natychmiastowych ma włączoną.. Jesteście pierdolonymi kłamcami notorycznie walicie w chuja. jebać was złodzieje jebane!

by Kazimierz

Допомогли в надісланні та отриманні…

Review published on 08-05-2024

Допомогли в надісланні та отриманні коштів, попри всі хвилювання кошти пришли швидко, окреме дякую консультанту Вірі ❤️

by Яна Войцехівська

Fast and safe

Review published on 08-05-2024

Fast and safe

by Kairi Ekure

Дякую

Review published on 08-05-2024

Дякую. Все чудово. Служба підтримки швидко виходить на заʼязок

by Oksana Savruk

Transfer Type And Modes

Pay In Options

  • Bank

Pay Out Options

  • Bank

Service Mode

  • Online

Transfergo Company & Contact Info

Type:- Money Transfer Company
Email:- hello@transfergo.com
Social Links
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