Our TranserGo review is intended to explain the pros and cons of using it for our reader’s money transfer needs. We focus on the important aspects like fees and exchange rates, the quality of the online trading platform, and the level of service provided.
Logo | ![]() |
🏛️ Established | 2012 |
🌎 International Clients | ✓ Internationally, not including North America |
💱 Currencies Offered | 22 |
💷 Minimum Transfer | No set minimum |
📲 Trading via | Online platform and mobile |
🏢 Offices In | UK, Lithuania, Germany, Poland, Turkey |
⚖️ Regulation | ✓ Financial Conduct Authority (UK) |
🤯 Fees | No fee for regular transfers, £0.99 for next day delivery, a custom fee for expedited delivery + Exchange rate markups |
Promotional Code | None |
👨👩👧👦 Client Reviews | More than 10,000 reviews on Trustpilot.com |
⭐ Client Rating | 96% Positive |
Website | www.transfergo.com |
🏆 Awards | |
👍 Advantages | 6% client approval rating Same-day money transfers available Better rates than most remittances providers Low fixed fees Positive media attention |
👎 Disadvantages | Only trades in 22 currencies The USA is not available as a sending nation Free transfers take a while to process (three business days, and common delays) Margins not as tight as Transferwise’s |
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- From: UK, USA, AUS, SA, EU.
- To: Mexico, Thailand, Philippines and all Eastern, Middle East, and Central Europe.
- Min Transfer:: £/€ 100
- Automated Regular Payments Enabled
- Sign Up to Receive Rates.
- Online or by Phone
- Bank to Bank Only
- Top Quality:
Best Service

- From: UK, USA, Europe.
- To: India, Middle East, Parts of South America, and Eastern Europe.
- Min Transfer:: £/€ 50
- Automated Regular Payments Enabled
- Sign Up to Receive Rates.
- Online or by Phone
- Bank to Bank Only
- Top Quality:
Most Reliable

- From: UK, USA, Australia and Europe.
- To: India, Pakistan, and Eastern Europe.
- Min Transfer:: £/€ 1
- No Automated Transfers
- Clear Pricing Before Sign-Up.
- Online Platform Only
- Bank to Bank Only
- Top Quality:
Cheap & Transparent

- From: UK, Europe.
- To: Globally - Dealing with 198 Currencies.
- Min Transfer:: £/€ 1
- No Automated Transfers
- Clear Pricing Before Sign-Up.
- Online Platform Only
- Cash Pickup*
- Top Quality:
Widest Reach, Cash Pickup
Our Rating: 72%
Read More:
Company Information and Credibility
Company size:
Founded in 2012, Transfergo is an online money transfer service that offers transfers free of charge. They have approximately 42 employees between five offices in the United Kingdom and Europe. They have also attracted $41 million in venture funding, including $17.6 million in Series B funding in 2018.
They are still a startup, with estimated 2017 revenues of $1.8 million. However, they have gotten positive press from outlets like Techcrunch and Forbes. The latter publication lauded them for offering people “an easy way to send money across borders”, which bodes well for future growth.
Regulated By:
Financial Conduct Authority (UK)
Awards:
Conclusion:
While they have only been around for seven years, Transfergo has received glowing praise from clients and press outlets. The opening of offices in Germany, Turkey, and Poland last year makes it apparent Transfergo is a legit money transfer company.
Client Feedback
Research:
Transfergo has been reviewed over 10,000 times on Trustpilot, more reviews than industry veterans like Moneycorp, on a prominent independent review site. It has achieved a site rating of 5/5 (Excellent) and a trust score of 9.6/10. Client reviews are uniformly positive – a stunning 97% had a great or excellent experience with Transfergo. Only 3% had an average, poor, or bad experience.
Conclusion:
The vast majority of Transfergo clients rave about this service. Repeatedly, they praise this firm for being fast, cheap, and smooth. The rare complaint appears to stem from misunderstandings of Transfergo’s tiered business model. Next/same day transfers costs £0.99 and up, while free transfers take approximately three days to process. Most other issues were external or unforeseen in nature, for which Transfergo was not to blame.
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Exchange Rate & Fees
Fees:
Free for regular transfers (processed in 3-4 business days), £0.99 for next day transfers, and a custom fee for same-day transfers. The first two options offer massive savings versus the bank, but even same-day delivery charges are competitive with leading money transfer companies. Considering this, you can put TransferGo near the top rated companies like World First, Currencies Direct and TorFX.
Exchange Rates:
They offer the interbank rate on regular transfers (processed in 3-4 business days). Next and same-day transfers are charged up to 2.2% above the interbank rate, dependant on the amount.
Limits:
Transfergo has no minimum or maximum transfer limits. However, certain amounts require client verification – ID is requested if your first transaction exceeds £900, proof of address for £15,000 or more, and proof of funds when the transfer is £6,500 or more.
Conclusion:
If the receiver can wait 3-4 business days, Transfergo is one of the cheapest ways to send money internationally. Even the next day option is affordable – when sending a significant amount, a rate close to interbank is possible.
Global Reach & Service
Research:
- Dedicated Dealer: No.
- Offices: UK, Lithuania, Germany, Poland, Turkey
- Ways to approach: E-mail, telephone
- Translations: Polish, Lithuanian, Latvian, Russian, Romanian, Ukrainian, Turkish
- Accepts clients: In 47 countries
- Currencies Handled: 22
- Client reviews: 97% positive, 9.6/10 TrustScore per TrustPilot.com
Conclusion:
Despite only being in business for seven years, Transfergo now has offices in five countries. They also send/receive funds from 47 nations and speak eight languages, giving them excellent global reach. There is room for improvement, though – they only have 22 currencies, and they have yet to penetrate the American market.
Additional Functionalities
Remittances make up the bulk of Transfergo’s business, but they also offer B2B cash transfers. Costs are similar to their remittance rates, with no fees and interbank rates offered for regular transfers. Faster transfers cost no more than €3, with an exchange rate margin that doesn’t exceed 2.2%. The larger the transfer, the lower the fee and the better the exchange rate.
They also offer a referral program. It offers £10 for every person who signs up with Transfergo through a provided link. By placing it on their social feeds, customers can make side money promoting this service.
Conclusion:
With a business model that moves money between local banks instead of across borders, Transfergo has achieved unprecedented cost savings. Both consumers and businesses have saved considerable sums of money, explaining Transfergo’s high satisfaction ratings.
TransferGo Money Transfer Review
- Credibility Score - 79%79%
- Client Feedback - 93%93%
- Fees, Exchange Rates - 71%71%
- Global Reach, Availability, Service - 57%57%
- Added Values - 62%62%
Bottom Line
TransferGo has an interesting promise for a better future for remittances, but it does nothing specifically groundbreaking or ingenious. It has solid rates, like its competitors Azimo and WorldRemit, has an overall solid website, and in spite of having quite an opaque fee structure in comparison to its competitors is up there among the “good” remittances providers.