Name: TransgerGo
Brand: TransferGo
SKU: transfergo

Last Updated on October, 2024

Are you looking to send money overseas quickly, affordably, and securely? Look no further than TransferGo.

With its user-friendly platform and transparent fees, TransferGo makes international money transfers super easy.

Whether you need to support family abroad, pay international invoices, or send money to friends, TransferGo consistently offers flexible transfer options to suit your needs.

In this guide, I’ll explain how TransferGo works, its fees and exchange rates, available countries, customer reviews, and safety measures. Read fully to understand why TransferGo is a trusted choice for millions worldwide seeking a stress-free way to send money across borders.

About TransferGo

TransferGo is a company that allows you to send money to other countries quickly and affordably. It’s known for its fast service, low cost transfers, and competitive rates.

Many people including business customers use TransferGo because it makes international transfers simple and reliable. It’s available in numerous countries, making it a convenient option for those who need to send money to family, friends, or businesses abroad.

GO TO TRANSFERGO

TransferGo Review: How Does TransferGo Work?

You can send money with TransferGo using a local bank transfer or a credit/debit card. The card must be in EUR, GBP, DKK, SEK, NOK, or PLN.

The money goes to the recipient’s bank account and usually arrives in one business day. Your recipient doesn’t need a TransferGo account to get the money.

TransferGo offers flexible transfer speed. Processing times vary depending on the sender’s and recipient’s countries.

If you need the money to arrive within 30 minutes, you can pay more, but there will be a currency conversion fee.

Step-By-Step Guide to Sending Money Internationally With TransferGo

Remember something: some steps should always be followed when making an online transaction with TransferGo.

Step 01: Sign up for a TransferGo account. It’s simple, and you can quickly connect using your Facebook or Google account.
Step 02: TransferGo requires the user to complete the identity verification process. If your first transfer is GBP 900 or more (or the equivalent in another currency), this is mandatory. You’ll need to upload a copy of your ID and a selfie. Additional documents might be required depending on your country.
Step 03: Enter transfer details such as the country you are transferring money from, the amount you’re transferring or the equivalent amount your recipient should receive, and the transfer speed (usually one business day, with an option for a 30-minute express transfer)
Step 04: Select your preferred payment method and send money. You can use a bank transfer in all currencies involved. If you’re using a credit or debit card, it must be in EUR, GBP, DKK, SEK, NOK, or PLN.
Step 05: Review and confirm all the details. TransferGo will then process the transfer.

TransferGo Transfer Time for International Money Transfers

TransferGo stands out in the international money transfer business because you can choose how fast your money gets to the recipient.

Here are the TransferGo options for international money transfer services:

Free: If you want to save money and your recipient doesn’t need the money right away, choose the FREE option. This takes three business days from when TransferGo receives your funds.
Standard: For most main destination countries, the standard delivery time is one business day. This is counted from when TransferGo receives your deposit.
Express: If your recipient needs money quickly, choose the express transfer. The funds will arrive in less than 30 minutes. However, check the details of the specific country before starting the transfer.

Note: For the up-to-date fees incurred, check their website.

Some countries have limited service, which means the international transfer may take one business day longer. These countries are Australia, Bulgaria, Canada, the Czech Republic, Hong Kong, Israel, Mexico, South Africa, Switzerland, and the United States.

Plus, delivery might be delayed and take more than one working day in some countries. These countries include Australia, Bangladesh, Bulgaria, Canada, Czech Republic, Hong Kong, Hungary, Indonesia, Israel, Kenya, Mexico, Nepal, Thailand, Russia, USA, South Africa, Sri Lanka, and Switzerland.

TransferGo will not cover any extra fees the recipient might face, but they will compensate you if an intermediary bank charges an additional fee.

Choose the right option based on how quickly your recipient needs the money and how much you are willing to spend.

TransferGo Fees and Exchange Rates

screenshot of the transferGo send money page

TransferGo asserts that its exchange rate is fixed, meaning the amount you see when creating the transfer is what will arrive. It also states that there are no additional fees. It’s advisable to verify these claims.

Fixed TransferGo Fees:

Sender’s Country	Fee Range
Denmark	9.99 – 24.99 DKK
Hungary	500.00 – 1,100 HUF
Eurozone	0.99 – 2.99 EUR
Norway	10.99 – 29.99 NOK
Poland	4.99 – 14.99 PLN
Romania	4.99 – 15.99 RON
Sweden	9.99 – 29.99 SEK

Commission: TransferGo charges a margin of about 0.5% to 3.3% on the exchange rate, which is locked in upon initiating the transfer, ensuring transparency for the recipient.

Quote Inclusion: TransferGo’s quote covers all fees, eliminating the need for additional payments. Ensure that you pay the exact amount specified in your transfer order.

Important Considerations: Your bank may apply intermediary bank fees for your transfer, complicating cost assessment. TransferGo is not liable for bank fees; therefore, it’s wise to inquire with your bank in advance.

Ways to Lower Fees: A slower transfer option can reduce fees. TransferGo offers three transfer speeds: Express Transfers, Standard Transfers, and Free Transfers.

Express Transfers: These fast transfers take less than 30 minutes to complete. A flat fee is charged based on the amount sent.
Standard Transfers: The default option is delivering money the next business day.
Free Transfers: There is no commission on the transfer. Delivery takes three business days, and there is no flat fee, but card fees may apply for credit or debit card transfers.

Other Fees: Your bank might impose fees for credit card transfers, often categorized as cash transaction charges, for which TransferGo does not assume responsibility.

Note: Payment method availability may vary depending on the sender and recipient countries.

Available Countries

TransferGo works in 63 countries worldwide. You can send an amount from several countries and receive it in many others.

Here are the countries you can send money from:

Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom.

Here are the countries in which you or your beneficiary can receive money:

Australia, Austria, Bahrain, Bangladesh, Belgium, Bulgaria, Canadia, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, Nepal, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Thailand, Turkey, United Kingdom, USA, and Ukraine.

Pros and Cons of TransferGo

Pros

TransferGo’s fees are transparent

Does not charge much different to mid-market exchange rate

Many flexible options for transfers

Can transfer money in as quick as 30 minutes

TransferGo reviews on Trustpilot are excellent

Cons

Payouts only possible to bank accounts

Only works well for transfers of small amounts

Transfers can take up to 3 days if you choose the cheaper option

Services are not available in Canada and the United States

Alternatives to TransferGo

Wise

Wise is one of the best money transfer providers that simplifies sending money abroad. It is fast, affordable, and user-friendly. Whether you’re sending funds to loved ones or paying international invoices, Wise offers real exchange rates and transparent fees, ensuring you save money.

To get started, sign up for a Wise account. Then, specify the transfer amount and destination of your transaction. Proceed to make your payment. Wise handles the currency conversion and transfers the funds directly to the recipient’s bank account.

You can conveniently track your transfer online or via the Wise app. Trusted by millions worldwide, Wise is the intelligent choice for stress-free international money transfers, providing peace of mind and financial efficiency.

With Wise, managing your global transactions has always been challenging.

Are you curious to learn more about Wise? Read it here.

GO TO WISE

Revolut

Revolut, a financial technology company, and International money transfer provider, offers various banking services via its mobile app for easy money management.

With Revolut, you can send and get money, exchange currencies, and obtain a prepaid debit card for shopping or ATM withdrawals. The app also includes budgeting tools, savings options, and cryptocurrency trading services.

User-friendly and available for both iOS and Android devices, Revolut aims to simplify banking and make it more accessible for everyone.

Whether you’re traveling abroad, budgeting for expenses, or exploring investment opportunities, Revolut provides convenient solutions to meet your financial needs.

Do you want to learn more about Revolut? Read it here.

GO TO REVOLUT

OFX

OFX is a company that helps people transfer money overseas. Its online platform allows users to sign up and make money transfers to over 190 countries.

You can use OFX to transfer funds to buy property abroad, pay bills in another country, or send money to family overseas. They offer real exchange rates and affordable transfer fees compared to bank transfers.

The transfer process is simple: you sign up, provide the details of where you want to send money, send money to OFX, and transfer it to the recipient’s bank account. OFX provides customer support to assist with any questions or issues you might have during the process.

They are regulated by authorities in various countries, ensuring security and reliability for your transactions.

Do you want to learn more about OFX? Read it here.

GO TO OFX

WorldRemit

WorldRemit is a service that helps people send money to friends and family in other countries. You can use it through their website or mobile app. First, you sign up for an account.

Then, you choose the country you want to send money to and how you want it to be received. You can transfer funds to bank accounts, mobile wallets, or for cash pickup. After that, you enter the transfer amount you want to send and pay for your transaction.

Finally, WorldRemit takes care of the rest, transferring the money quickly and securely. They offer competitive exchange rates and low fees. Plus, you can track your transfer every step of the way.

It’s convenient and transfer costs are affordable to send money internationally, whether you’re helping out a friend or supporting family back home.

Do you want to learn more about WorldRemit? Read it here.

GO TO WORLDREMIT

Remitly

Remitly is also a company that helps people send money abroad from the United States. Its website allows you to send money quickly and securely. To use Remitly, you need to sign up for an account online.

Once you have an account, you can enter the amount of money you want to send. Remitly offers different ways to send money, including bank deposits, cash pick ups, and mobile money.

You can choose the method that works best for you. They also have a mobile app so that you can send money on the go. Remitly provides a real exchange rate and affordable transfer fees for international money transfer services.

Sending money with Remitly is convenient and reliable, making it easier for people to support their loved ones.

Do you want to learn more about Remitly? Read it here.

GO TO REMITLY

Is TransferGo Safe?

TransferGo has been around for a while and has been featured in many news stories. It’s rated as excellent on Trustpilot, scoring 4.8 out of 5. Many TransferGo customers have left glowing reviews, showing they trust in TransferGo.

The company is licensed in the UK and regulated by the UK’s Financial Conduct Authority FCA, all money is kept in completely separate client accounts to prevent money laundering and scams, so your funds are safe even if the company has financial difficulties.

TransferGo is a big company with many employees. Its main office is in London, and about 150 people work in offices around the world, such as in Turkey, Lithuania, Poland, and Germany. Even the employees like working there, giving TransferGo a 4-star rating on Glassdoor and saying it’s a great place to work.

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Conclusion

TransferGo offers a convenient, fast, and secure way to send money internationally. With its transparent fees, flexible transfer options, and excellent customer reviews, it’s a reliable choice for anyone needing to make cross-border transfers.

Whether you need to support family abroad, pay international invoices, or send money to friends, TransferGo has a solution for you.

Click here to get started and see why millions trust TransferGo for their international money transfers.

FAQs

TransferGo offers competitive pricing with options to lower costs, especially if you’re willing to wait longer for the transfer.

TransferGo requires extra documents like ID, address proof, and proof of funds for large transfers to ensure safety and compliance. These can be easily uploaded on their site or app.

You can cancel a TransferGo transfer unless payment is received or your card is declined. Unfinished transfers expire automatically. Contact TransferGo for assistance if needed.