Ria vs TransferGo Comparison

Ria, established in 1987, has grown to become one of the largest money transfer services worldwide, boasting an extensive network that spans over 190 countries. Known for its ease of use and a wide array of services, Ria caters primarily to remittance markets, offering both online and in-person transfer options.

On the other hand, TransferGo, founded in 2012, has quickly made a name for itself, especially in Europe, by providing fast, affordable, and convenient digital-only transfer services. With a focus on expediency, TransferGo enables same-day transfers across more than 60 countries, appealing to individuals and businesses alike who seek efficient cross-border transactions.

Both companies have carved their niches in the international money transfer industry, offering solutions that prioritize speed, cost-efficiency, and accessibility.

Customers

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Ria ReviewTransferGo Review
Customer rating4.2 / 54.8 / 5
# Rating Customers5800+ on TrustPilot22,500+ on TrustPilot
Top 3 Pros
  • Very wide global reach
  • Professional website and support
  • Fair rates for remittances
  • 96% client approval rating
  • Same-day money transfers available
  • Low fixed fees
Top 3 Cons
  • Low payment limits
  • Rates not great for large transfers
  • No dedicated dealers or hedging tools
  • Can only send from 8 currencies
  • Free transfers take a while
  • Margins not as tight as competitors

Availability

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Office locationsGlobal, 447,000+ agentsUK, Lithuania, Germany, Poland, Turkey
# Currencies100+60+

Security

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Regulated byFinCEN, FCA, FINTRAC, ASICFinancial Conduct Authority (UK), Bank of Lithuania (Europe)
HTTPS SecuredYesYes
Segregated Customer AccountsNoNo
2FANoNo

Limits and Fees

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Min transferNo minimumNo minimum
Max transfer$2,999 per transfer in US and CanadaNo max
Fixed fees$3 for transfers below $100, $5 aboveΒ£0 – Β£2.99 depending on speed
See rates before you log in?YesYes

Customer Support

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupYesNo
Card Top-UpNoNo

Additional Functions

Company NameRiaTransferGo
Logo
ria new logo
transfergo new logo
HedgingNoNo
Mass paymentsNoYes (for businesses)
Cash chequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

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

  • Higher customer approval rating.
  • Same-day money transfers available.
  • Lower fixed fees for transfers.

TransferGo is better for users who prioritize fast transfers within Europe and appreciate a user-friendly online platform with transparent fees. It’s also more suited for those who need to send money from the specific currencies that TransferGo supports, offering a high level of service for European migrants sending money back home.

Ria is better for users who need a wide global reach, including cash pickup options, and are sending remittances to countries where banking infrastructure may be limited. Ria’s extensive network of agents and locations makes it a strong option for those who prefer or require cash transactions.