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TransferGo Review: Cheap, Fast & Reliable Money Transfers from the UK
Provider: TransferGo
Verdict: If you're looking for a quick, low-cost way to send money overseas, TransferGo is one of the best services on the market. It's especially good for people making regular remittances from the UK. While not the cheapest in every scenario, it strikes a strong balance between speed, safety, and affordability.
What does TransferGo do and who is it for?
TransferGo is a UK-based money transfer company that helps people send money abroad quickly and cheaply. It’s regulated by the Financial Conduct Authority (FCA), offers same-day transfers to over 160 countries, and prides itself on low fees, transparent exchange rates, and multilingual support.
TransferGo enables low-cost, cross-border bank-to-bank money transfers. It’s popular with, migrant workers sending money home, freelancers and remote workers receiving income from abroad and families paying for overseas tuition or medical costs.
Transfers can be made online or via mobile app, with local support available in multiple languages including English, Polish, Romanian, and Turkish.
How much does TransferGo cost?
TransferGo offers three transfer speed tiers:
- Now (within 30 minutes) – higher fee but ultra-fast
- Today – cheaper, arrives in hours
- Standard (1-2 days) – often free or low-cost
Exchange rate margins are competitive and clearly displayed before confirming the transfer.
TransferGo Alternatives
If you’re considering other options alongside TransferGo, several reputable providers offer distinct advantages depending on your needs. Wise (formerly TransferWise) is ideal for those seeking mid-market exchange rates with consistently low fees, making it a favourite for bank-to-bank transfers.
Remitly stands out for fast transfers and cash pickup services, though its fees are typically medium to high.
Western Union remains a go-to for global cash collection, especially in regions with limited banking infrastructure, but tends to charge higher fees.
Meanwhile, Revolut offers low to no fees on currency transfers, especially for users already within its app ecosystem, and includes handy multi-currency account features.
Is TransferGo safe and legit?
Yes. TransferGo is fully licensed by the UK Financial Conduct Authority (FCA) and HMRC. It uses bank-grade encryption, adheres to GDPR, and has a strong Trustpilot rating (4.8/5 from over 30,000 reviews). TransferGo holds its own for speed and simplicity but might not suit users who need cash pickups or advanced FX features.
What is TransferGo?
A licensed UK money transfer provider for sending money abroad quickly and affordably.
Is TransferGo legit or a scam?
TransferGo is FCA-regulated and absolutely legitimate.
How long do TransferGo transfers take?
Transfers can be delivered in as little as 30 minutes, depending on the chosen speed.
Is TransferGo safe to use?
Yes — it uses secure encryption and complies with UK financial regulations.
Pros
- Fast delivery options (as little as 30 minutes)
- Excellent rates compared to high street banks
- No hidden fees
- Easy-to-use app with a modern interface
- Good customer service (live chat, email, and phone support)
Cons
- Limited cash pickup options (mostly bank transfers)
- Not always the absolute cheapest for large amounts
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Pricing
(4.5)
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Market Access
(5)
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App & Platform
(5)
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Customer Service
(4)
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Transparency
(4.5)
