TransferGo vs Wise Comparison

Wise, established in 2010 in the UK, has revolutionized the way we think about cross-border payments with its transparent fees and real-time exchange rates. It boasts a vast user base and operates in over 80 countries, providing services like multi-currency accounts and a debit card.

On the other hand, TransferGo, founded in 2012 and based in London, has quickly gained a reputation for its fast and reliable money transfer services. With a strong focus on European markets, TransferGo offers a variety of payment and delivery options to meet the needs of its users.

Both companies are highly regarded for their user-friendly platforms and commitment to reducing the cost and complexity of international money transfers.

Customers

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
TransferGo ReviewWise Review
Customer rating4.8/54.6/5
# Rating Customers22,500+ on Trustpilot195,000+ on Trustpilot
Top 3 Pros
  • Fast transfers
  • Low fees
  • Easy to use platform
  • Transparent fees
  • Mid-market exchange rates
  • Multi-currency account
Top 3 Cons
  • Limited currencies
  • Can only send from certain countries
  • Free transfers can be slow
  • Not optimal for large transfers
  • No dedicated dealer
  • Some account freezing issues

Availability

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
Office locationsUK, Lithuania, Germany, Poland, TurkeyGlobal, with headquarters in the UK
# Currencies60+50+

Security

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
Regulated byFCA, Bank of LithuaniaFCA, and other global regulators
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
Min transferΒ£1Β£1
Max transferNo max limit, verification required for large amountsNo max, varies by currency
Fixed feesFrom Β£0.99Variable, shown upfront
See rates before you log in?YesYes

Customer Support

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatYesYes
24/7NoNo

Ways to Transfer

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoYes
Cash PickupNoNo
Card Top-UpYesYes

Additional Functions

Company NameTransferGoWise
Logo
transfergo new logo
wise new logo
HedgingNoNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardNoYes

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

  • Transparent fees with mid-market exchange rates.
  • A multi-currency account that allows holding, receiving, and spending in multiple currencies.
  • A broader global reach with services available in more than 80 countries.

Wise is better for individuals and businesses looking for transparent pricing, those who need a multi-currency account for holding and managing money in different currencies, and for users who value a high degree of functionality and ease of use in their app and online platform.

TransferGo is better for users prioritizing fast and straightforward transfers, especially within Europe, and for those who prefer a simple fee structure for quick transactions. TransferGo’s service is particularly advantageous for users sending money from Europe to countries outside the EU, offering competitive rates and fast delivery options.