TransferGo review

Founded in 2012 and based in London, UK, TransferGo is a money transfer provider. TransferGo is authorised and regulated by FCA, Bank of Lithuania, which means customer money is safeguarded separately from company funds.

On the fee side, expect £0.99 - £2.99 per transfer, but the bigger cost is usually the exchange-rate markup of 0.3% - 1.5% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $50,000 per transaction. In our own rate collection, across the 9 corridors we track for TransferGo, its exchange rate has averaged 1.04% from the mid-market rate.

Delivery speed is quoted at 30 minutes to 3 days, and the service reaches 70+ countries across 50+ currencies. You can fund a transfer by Bank Transfer, Debit Card and Credit Card, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors TransferGo handles best.

On the plus side: very competitive european corridor rates, fast delivery (often same day) and simple, clean app experience. That makes it a sensible choice for everyday international transfers. Worth keeping in mind: fewer destination countries than wise/remitly and no cash pickup option.