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TransferGo international money transfers review

Next-day remittances to 40+ countries with transparent fees and margins of no more than 1.5% on the mid-market rate.

Attention US customers

This provider does not offer money transfers to clients in the United States. To transfer money internationally, compare similar services to TransferGo.

What is TransferGo?

Launched in 2012, TransferGo is an inexpensive money transfer service based in London offering remittances between 33 countries, including the Netherlands, with another eight countries for recipient transfers only. The service isn’t yet fully available for US residents, though TransferGo can be used to send money to the US.

Transfer fees are fixed with an additional conversion fee of 0.6% to 1.5% of the transfer, depending on the country from which you’re sending. You’ll see the rate and total fees of your transfer before you send it.

Product nameTransferGo
Minimum transferNone
Maximum transferNone for bank account transfers; EUR2,285 for card transfers
Transfer optionsBank to bank; debit/credit card to bank
Delivery speed1 business day
Transfer feesFixed fees by country of origination and 0.6%–1.5% conversion fee
Exchange ratesCompetitive
Available currenciesSend to EUR, GBP, SEK, RON, PLN, NOK, HUF or DKK; receive from EUR, USD, GBP, UAH, TRY, CHF, SEK, ZAR, RON, PLN, PHP, NOK, MXN, ILS, INR, HUF, HKD, DKK, CZK, CAD, BGN or AUD
Automated PaymentsNo

How are Transfer Go’s exchange rates?

TransferGo’s exchange rates are typically lower than those offered by your local bank or other financial institutions. It uses the the mid-market exchange rate less a low margin of 0.4% to 1.5%. Fees are transparent and typically never more than EUR2.40, depending on the country and currency.

How much will I pay to send money with TransferGo?

TransferGo’s fees depend on the country and currency for your transfer. But all fees and rates are explained up front and are included in your cost before booking your transfer.

Sample fixed transfer fees include:

  • UK 0.99 GBP
  • Eurozone 0.99 EUR
  • Poland 9.00 PLN
  • Norway 20.00 NOK
  • Denmark 20.00 DKK
  • Hungary 500.00 HUF
  • Sweden 10.00 SEK
  • Romania 9.00 RON

You’ll typically pay an additional low margin of 0.4% to 1.5% on the mid-market rate, though you could see lower conversion fees for larger amounts.

What is the mid-market rate?

The market rate is the rate financial institutions and foreign exchange brokers use to trade large transactions. It’s a midway point between foreign currency buy and sell rates. This rate is fluid and changes every couple of seconds as currencies are traded on the global foreign exchange market.

Minimum transfer amounts and available countries

TransferGo enforces no minimums or maximums for transfers, but you could save more on exchange rates and fees for larger transfers.

Send and receive payments in 33 countries:

  • 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
  • United Kingdom
You can send to (but not receive from) an additional eight countries:
  • Canada
  • Hong Kong
  • India
  • Israel
  • Mexico
  • Philippines
  • South Africa
  • United States

How do I send money through TransferGo?

It’s easy to transfer your cash in four quick steps:
1. Create a TransferGo account. Provide the country in which you’re located, your email address and your banking details.
2. Set up a transfer. Specify how much you’d like to send and your recipient’s details.
3. Make a local bank transfer. Transfer funds from your bank account to your TransferGo account or pay instantly with your debit card.
4. Track your transfer. Sign in to your account to see your transfer’s progress from pending to complete.

If you’re sending more than EUR800 or a second transfer after signing up, you’ll need to verify your identity with government-issued ID, proof of your address and proof of your funds.

Recipients of your transfers must also register with TransferGo. Once they’ve signed up, sending money is as simple as providing their name, business name and email address along with the amount you’re sending.

How do I track my TransferGo transfer?

To see the status of your transfer, log in to your TransferGo account and click the Transfers tab. You can confirm whether TransferGo received your bank funds, is processing your transfer or has completed the deposit to your recipient’s account.

What to watch out for

TransferGo help you make payments quickly with competitive exchange rates but watch out for:

  • Limited delivery options. Recipients can receive your funds as a bank deposit only.
  • Limited availability. TransferGo is not available worldwide — or to US customers.


  • Low, transparent fees. You’ll see your total fees before booking your transfer.
  • Competitive rates. TransferGo adds a low margin to the mid-market rate that tops out at 1.5%, depending on the country and currency.
  • No limits. Send as little or as much as you need with TransferGo.
  • Solid user reviews. Customers give TransferGo high marks.


  • Limited availability. TransferGo is not available worldwide — or to US customers.
  • Bank deposits only. Your recipient must have a checking or savings account to get your funds.

How safe is TransferGo?

TransferGo takes the safety of your personal and financial information seriously. The provider is a licensed authorised payment institution in the UK, which means it’s held to such standards as keeping customer funds separately from its own accounts, among other safeguards.

It keeps your personal and financial information safe through modern security technology, including SSL encryption between its servers and your browser.

What’s the Internet got to say about TransferGo?

Customers rate TransferGo’s services highly, citing fair pricing, speedy delivery and excellent customer service. This provider gets a five-star rating over 1,875 reviews on TrustPilot.

Next steps

Once you’ve created a TransferGo account, future international payments can be set up more quickly. And you can easily track the progress of your transfer from send to receipt.

Bottom line

If you live in a country that TransferGo is licensed to do business in, like the Netherlands, it’s a safe and inexpensive way to send money to loved ones in more than 40 countries — with no minimum or maximum limits.

Frequently asked questions about TransferGo

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