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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.

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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.

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What is TransferGo?

Launched in 2012, TransferGo is an inexpensive money transfer service based out of London offering remittances between 33 countries with another eight countries for recipient transfers only. The service isn’t yet fully available for US residence, though you can use TransferGo to send money to the US.

Transfer fees are fixed with an additional conversion fee of 0% to 2.2% of the transfer, depending on the country you’re sending from. You’ll see the rate and total fees of your transfer before you send it.

  • Product name: TransferGo
  • Minimum transfer: None
  • Maximum transfer: None for bank account transfers; 2,500 GBP for card transfers
  • Transfer options: Bank to bank; debit/credit card to bank
  • Delivery speed: 1 business day
  • Transfer fees: Fixed fees by country of origination and 0%–2.2% conversion fee
  • Exchange rates: Competitive
  • Available currencies: Send from EUR, GBP, SEK, RON, PLN, NOK, HUF or DKK; receive from AUD, BDT, BGN, BHD, CAD, CHF, CZK, EUR, GBP, HKD, HUF, IDR, ILS, INR, JPY, KES, KWD, LKR, MXN, NGN, NOK, NPR, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, TBH, TRY, UAH, USD or ZAR
  • Automated Payments: No

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 2.1 GBP, 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 0.99-2.99 GBP
  • Eurozone 0.99-2.99 EUR
  • Poland 4.99-14.99 PLN
  • Norway 10.99-29.99 NOK
  • Denmark 9.99-24.99 DKK
  • Hungary 500.00-1.100 HUF
  • Sweden 9.99-29.99 SEK
  • Romania 4.99-15.99 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:

You can send to (but not receive from) an additional eight countries:

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 700 GBP 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.

Compare TransferGo to other transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1,000 1 - 2 days USD 0.00 0.837 EUR 4,186 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
$1 Same day USD 0.00 0.842 EUR 4,209 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$0 1 - 2 days USD 1.99 0.829 EUR 4,142 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 40.00 0.846 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
$1 Within an hour USD 3.99 0.842 EUR 4,207 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How safe is TransferGo?

TransferGo takes the safety of your personal and financial information seriously. The provider is a licensed authorized 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.

TransferGo reviews and complaints

Customers rate TransferGo’s services highly, citing fair pricing, speedy delivery and excellent customer service. This provider gets a five-star rating over 17,628 reviews on TrustPilot as of October 6, 2020.

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, 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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