Revolut vs TransferGo Comparison

Revolut, a fintech giant, has revolutionized digital banking with its comprehensive suite of financial services, including international money transfers, multi-currency accounts, and access to cryptocurrencies. With a strong focus on providing a seamless banking experience, Revolut caters to both personal and business clients across various countries.

On the other hand, TransferGo specializes in providing fast, affordable, and user-friendly international money transfer services. Primarily focused on the European market, TransferGo has made a name for itself with its straightforward approach to sending money abroad, appealing to individuals and businesses alike.

Both companies have garnered positive customer feedback for their reliability and innovative services, making them noteworthy options for anyone looking to manage international transactions efficiently.

Customers

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Revolut ReviewTransferGo Review
Customer rating4.4/5 (TrustPilot)4.8/5 (TrustPilot)
# Rating Customers109,000 (TrustPilot)22,500 (TrustPilot)
Top 3 Pros
  • Great Currency Exchange Rates
  • Good App
  • Easy Sign Up
  • 96% client approval rating
  • Low fixed fees
  • Positive media attention
Top 3 Cons
  • Involved in Scandals Over AML Policy
  • Only PARTLY Regulated by FCA
  • Customer Response Could be Delayed
  • Can only send from 8 currencies
  • Free transfers take a while
  • Margins not as tight as competitors

Availability

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Office locationsGlobalUK, Lithuania, Germany, Poland, Turkey
# Currencies29 via Bank Transfer, 140 with Currency Card60+

Security

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Regulated byFCA, European Central BankFCA, Bank of Lithuania
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Min transferΒ£/€/$ 1Β£/€/$ 1
Max transferNo limitNo limit
Fixed feesVariable, depends on account typeYes, varies by transfer speed
See rates before you log in?YesYes

Customer Support

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatYesNo
24/7YesNo

Ways to Transfer

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoNo
Card Top-UpYesNo

Additional Functions

Company NameRevolutTransferGo
Logo
revolut new logo
transfergo new logo
HedgingNoNo
Mass paymentsNoYes
Cash chequesNoNo
Multi-Currency Debit CardYesNo

Conclusion

On MoneyTransferComparison, Revolut has received a higher editorial score. The advantages of Revolut over TransferGo are these:

  • Revolut offers a broader range of personal features, including unique multi-currency accounts, budgeting tools, and access to cryptocurrencies, making it more versatile for personal use.
  • Revolut provides more comprehensive business benefits, such as automated accounting integration, business debit cards, and integration with Zapier and Slack, catering to a wider range of business needs.
  • Revolut has a more extensive global presence, with services available in more countries and support for more currencies, enhancing its utility for users with international needs.

Revolut is better for individuals and businesses looking for a wide array of banking and financial services beyond just money transfers, such as budgeting tools, cryptocurrency access, and multi-currency accounts. It’s also more suitable for those who require a robust business account with advanced features like automated accounting and business debit cards.

TransferGo is better for users prioritizing straightforward international money transfers, especially within Europe, and those who value fast and low-cost transfers. It’s particularly advantageous for individuals who need to send money quickly and affordably, without the need for additional banking services.