Looking for a quick, low-cost way to send money abroad? TransferGo combines clear pricing, competitive exchange rates, and a modern mobile platform to make international transfers painless. In this review, we’ll cover how TransferGo works, its fees, standout features, pros and cons, regulatory credentials, and customer support.
Why TransferGo Stands Out
- Low, Transparent Fees – Flat fees starting from £0.99 (or local equivalent), clearly displayed before you send.
- Mid-Market Exchange Rates – Always uses the true interbank rate with no hidden mark-ups.
- Rapid Delivery Options – Express (within minutes) or Standard (1–2 business days) delivery to over 170 countries.
- Mobile-First Experience – Intuitive app with real-time rate alerts, biometric login, and one-tap repeat transfers.
- Regulated & Reliable – Authorized by the UK’s FCA and other global regulators, serving over 2 million customers.
How TransferGo Works
- Sign Up & Verify
- Register in minutes via web or mobile app (iOS/Android).
- Complete identity verification by uploading ID and a selfie.
- Choose Delivery Speed
- Express: Funds delivered within minutes for a small premium.
- Standard: Funds delivered in 1–2 business days at lower cost.
- Enter Transfer Details
- Select source and destination currencies and enter recipient bank details.
- Pay & Track
- Fund your transfer via bank transfer or debit card.
- Lock in your rate instantly and track every step via in-app notifications.
Transfer Fees & Exchange Rates
- Express Fees: From £3.99 (or equivalent) for on-demand delivery.
- Standard Fees: From £0.99, depending on corridor.
- Mid-Market Rate: True interbank rate with no hidden margins.
- Fee Transparency: All costs and the exact recipient amount are shown before you confirm.
Key Features
- Multi-Currency Wallet: Hold balances in 20+ currencies and send from any of them.
- Rate Alerts: Get notified when your desired exchange rate is reached.
- Batch Payments: Upload CSVs to send up to 100 transfers at once (business users).
- API Integration: Automate payouts directly from your system.
- Referral Bonuses: Earn transfer credits when friends complete their first send.
Pros & Cons
| Pros | Cons |
|---|---|
| ✓ Low, Clear Fees – No surprises | ✗ Limited Cash Pickup – Bank transfers only |
| ✓ Fast Express Option – Minutes to deliver | ✗ Card Fees – Debit-card funding incurs extra cost |
| ✓ Mid-Market Rates – Best available rate | ✗ Coverage Gaps – Fewer corridors than giants |
| ✓ User-Friendly App – Intuitive and fast | ✗ Verification Delays – KYC can take 1–2 days |
Transparency & Trust
TransferGo operates under strict regulatory oversight:
- FCA-Authorized in the UK.
- Registered with FinCEN in the U.S. and licence-compliant in the EU, AUS, and SG.
- Data Security: SSL encryption, GDPR-compliant privacy, and multi-factor authentication.
Customer Service & User Reviews
- App Store Ratings: 4.8 ★ on iOS, 4.6 ★ on Android, praised for speed and simplicity.
- Support Channels: 24/5 in-app chat, email support, and an extensive online Help Center.
- Community Feedback: Users highlight the value of express delivery and transparent fees, with occasional notes on banking delays.
Conclusion
For senders who value speed, cost-effectiveness, and a seamless digital experience, TransferGo delivers. Whether you need funds in minutes or prefer the lowest standard-fee option, TransferGo’s clear pricing, true mid-market rates, and modern app make it an excellent choice for personal and business transfers alike.
Ready to send your next transfer? Try TransferGo today!
