Money transfer provider review · 2025
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TransferGo Review 2025

Is TransferGo the right way to send money abroad for you?

Google: 4.40/5
Trustpilot: 4.60/5
Compare TransferGo rates
At a glance

Quick summary of TransferGo's strengths and specs.

Best For

Individuals in Europe needing the flexibility to choose between instant delivery for urgent needs or ultra-low costs for regular remittances.

Speed

Very Fast to Moderate. The "Now" option typically delivers within 30 minutes; standard options take 1 business day.

Fees

Variable. Fees depend heavily on the speed selected; slower options often have zero fees, while instant options cost more.

Safety

High. TransferGo is a licensed authorized payment institution regulated by the FCA (UK) and the Bank of Lithuania (EU).

Our verdict

RateBuddy take

A simple, honest summary of when TransferGo feels like the right fit.

TransferGo has carved a significant niche by focusing on the needs of migrant workers, particularly within Europe, offering a highly flexible service designed around choice. Their defining feature is a clear tiered delivery system, allowing users to decide whether they want to pay a premium for delivery within minutes or choose slower, often fee-free options for non-urgent transfers. While their "Now" service is widely praised for its blistering speed and their app for its simplicity, some user feedback notes that funding these instant transfers with a card can get expensive compared to using the slower bank transfer method.
Where TransferGo shines
  • Flexible Delivery Speeds: They offer distinct tiers ranging from ultra-fast delivery (often within 30 minutes) to slower, cheaper options, putting the user in control of the cost-versus-speed trade-off.
  • Transparent Pricing: Their fee structure is clear before you send. For many slower transfer options, they offer highly competitive exchange rates with little to no markup.
  • Excellent User Experience: The mobile app and website are consistently rated highly for being clean, intuitive, and easy for repeat users to navigate quickly.
Things to watch out for
  • Instant Costs More: While their standard options are very affordable, the popular instant delivery option carries higher fees, especially when funded by a debit or credit card.
  • Verification Holds: Like many regulated fintechs, they have strict security protocols, and some users report frustration with unexpected delays if a transfer is flagged for manual compliance review.
  • Euro-Centric Focus: While expanding globally to markets like Nigeria and India, their strongest routes and deepest banking integrations remain heavily focused on transfers originating from Europe and the UK.

How to send money with TransferGo

A quick walk-through of what it feels like to use TransferGo from sign-up to delivery.

1
Create your account

Step 1: Sign Up & Verify. Create an account via the app or website. You will typically need to verify your identity immediately by uploading a photo ID and taking a selfie.

2
Set up your transfer

Step 2: Choose Destination & Speed. Enter the amount you want to send and the destination country. Crucially, select your desired delivery speed—e.g., "Now" (fastest, higher fee) or "Standard" (next day, lower fee).

3
Track & receive

Step 3: Enter Details & Pay. Input your recipient's full name and bank details. Pay for the transfer using your debit/credit card for speed, or make a local manual bank transfer to TransferGo for lower costs.

Detailed ratings

How TransferGo performs on the things that matter.

Ease of use 5.0/5
Rates & fees 4.0/5
Speed 5.0/5
Customer support 4.0/5
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About This Provider

Frequently Asked About TransferGo

Understand how TransferGo is rated on RateBuddy, how often we update their rates, and what to check before you send your first transfer.

Ratings & reviews Fees & pricing Live data updates Support & safety
RateBuddy Insight

Our goal is to give you a clean, unbiased picture of how TransferGo performs for your route — including cost, speed, and customer experience.

Banks and old-school cash transfer brands are familiar, but they’re not always cheap or transparent. For this route, RateBuddy compares TransferGo against those options on:

  • Total cost: transfer fees plus exchange rate margin.
  • Speed: how quickly money normally arrives for this payout type.
  • Limits & flexibility: minimum/maximum amounts and supported methods.

When you see TransferGo near the top of the table, it usually means they beat typical bank/cash-brand pricing on at least one of these dimensions — often more.

The RateBuddy rating is a quick “at-a-glance” score that summarizes how this provider performs on this route, based on:

  • Cost: where their pricing sits vs. other providers we track.
  • Reliability: consistency of delivery times and payout success.
  • Customer feedback: a blend of external reviews and our own user insights.

It’s not financial advice, but a way to help you quickly spot strong all-round options before you dive into the detailed breakdowns on this page.

On this page, we may show selected external ratings (for example, from platforms like Google or Trustpilot) to give you a sense of real customer experience with TransferGo.

  • We don’t edit or cherry-pick those scores — they come from the original platforms.
  • Where possible, we link out so you can read full, unfiltered reviews.
  • Our own summaries sit on top of that data; they don’t replace it.

Think of RateBuddy as your comparison lens, and external review sites as your deep dive into day-to-day user experiences.

Some providers may choose to work with RateBuddy on sponsored placements or special offers. When that happens, we clearly label them as “Sponsored”.

  • Sponsored status never changes the math of what your recipient receives.
  • We still calculate total cost using the exact same methodology as for every other provider.
  • Sponsorship may affect how prominently a provider is displayed — not the underlying data.

Our promise: you always see the real fees and rates, whether a provider is sponsored or not. You stay in control.

For this corridor, we aim to keep TransferGo’s rates as fresh as possible using a mix of:

  • Automated checks: our systems regularly pull or validate quotes.
  • Routine refreshes: we re-run comparisons when markets move meaningfully.
  • Provider changes: if a provider adjusts fees or products, we update accordingly.

Exchange rates move all day, so minor differences can still happen. For large transfers, always confirm the final rate and fee on TransferGo’s own site/app before you confirm.

Small differences can appear for a few reasons:

  • Live rate changes: FX markets can move between viewing RateBuddy and confirming on the provider’s site.
  • Payment method: using a credit card vs. bank account can change fees or rates.
  • Rounding & tiers: some providers use tiered pricing or round differently.

If you see a large or unexpected difference, consider taking a screenshot and contacting both the provider’s support and RateBuddy so we can investigate.

A quick 1-minute checklist can make your first transfer much smoother:

  • Confirm the exact name of the recipient matches their ID/bank details.
  • Review the fee + rate + total received right before you click “Confirm”.
  • Check which documents or ID the provider may need for verification.
  • Start with a small test transfer, then increase once you’re comfortable.

Once you’ve done one successful transfer with TransferGo, you’ll know what to expect — and you can use RateBuddy to ensure they stay competitive over time.

What this page is for

A deeper look at TransferGo on your specific route — beyond the basic comparison table.

  • See how this provider is positioned vs. others for this corridor.
  • View ratings, reviews, fees and speed in one place — not across many tabs.
  • Learn what to watch for before sending your first larger transfer.
  • Use it as a side-by-side lens when comparing multiple providers you like.

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