How to transfer money using transfer go in 2021?

We value your money and therefore, here we are providing you with the unbiased review of Transfergo. This review is based on our research, customer reliability on the company and how authentic its services are. TransferGo is an alternative to banks which provides “international money transfers” with a major focus in the European countries. It offers the cheapest way to send money to India at the mid-market exchange rates and zero transfer fees.

Transfergo is an “online money remittance company” with headquarter in London. Customers can transfer funds from over 33 countries to over 45 countries. The company has processed more than £700 million in online transfer via web and app. TransferGo money remittance service works on the principle of local in-local out. This means, the customer makes a transaction with local currency in the account of TransferGo and then the company makes local payment to the bank account of the recipient. Some of the benefits of Transfergo are:

Low and Transparent Fee

Competitive Rates

No Transfer Limits

Fastest Delivery in 30 Minutes

Review of TransferGo :

Launched in the year 2012, TransferGo offers inexpensive money transfer services for the migrant workers. The company uses a digital transfer process on an account-to-account model, where money transfers do not leave the country as funds are paid in and out locally. A UK-based company, it offers its services in 22 currencies over 47 countries.

Transfergo offers both personal as well as business transfers in the local-in local-out model. Payments can be made through a bank account or debit and credit card. However, it only supports few currencies through cards and these are GBP, DKK, EUR, PLN, NOK, and SEK with a maximum transfer limit of 2,000 GBP. There is no maximum transfer limit on TransferGo when the amount is transferred through a bank account.

TransferGo customer support is available for a few hours in multiple languages, where users can ask the queries related to their transfers. Besides this, the company is also providing enough security to protect the customers from any cyber crimes.

Overall, we rate 8 out of 10 to TransferGo as its services are not fully available in the US, which can help it to grow more.

TransferGo Transfer Fee:

Transfergo fee differs from the way you transfer and the country you are transferring the funds to. Its transfer fee is fixed and has an additional conversion fee of 0.6% to 1.5% of the transfer amount, which depends on the country you are sending funds from. Some of its various transfers and their fee are:

Delivery in 3-5 working days: £ 0.00 (free)

Delivery in 1 business day: £ 0.99

Delivery in 30 minutes: £ 1.99 or more

Transfergo Exchange Rate:

TransferGo will convert the money from its customers at the prevailing mid-market prices by deducting 0.2% to 2.2% of the margin. The rate gets locked once you start the transaction, so you need not to worry about changing rates.

If speed is not an issue, then TransferGo offers cheap transfers and also the exchange rate margin will be zero. Therefore, experts of Exchange Rate IQ provide TransferGo 8 out of 10 under the pricing head.

Transfergo Hidden Fee: The company does not have any hidden fees. You will get all the details of the amount you need to paid and received by the recipient while performing the transaction. However, there should be some additional cost if you transfer the funds through debit and credit card, which will also be shown at the time of the transaction.

Transfergo Tracking Details: If you are transferring the funds through TransferGo, you can track it on your dashboard. It will provide the pending and complete transactions there, where you will get the details on how much time it will receive to the recipient.

You can also cancel the transfers from the website of TransferGo, but if you have once made the transfer, you need to contact TransferGo customer support and it will cancel the booking within 24 hours.

The company has no hidden fees and also providing enough tracking details, however, it does not have a cancellation on a click and you need to contact them. Therefore, we provide 7 out of 10 rating to it under transparency head

Transfer Speed: How long does it take to send money through TransferGo?

transfergo-reviews

We value your money and therefore, here we are providing you with the unbiased review of TransferGo. This review is based on our research, customer reliability on the company and how authentic its services are. TransferGo is an alternative to banks which provides “international money transfers” with a major focus in the European countries. It offers the cheapest way to send money to India at the mid-market exchange rates and zero transfer fees.

Transfergo is an “online money remittance company” with headquarter in London. Customers can transfer funds from over 33 countries to over 45 countries. The company has processed more than £700 million in online transfer via web and app. TransferGo money remittance service works on the principle of local in-local out. This means, the customer makes a transaction with local currency in the account of TransferGo and then the company makes local payment to the bank account of the recipient. Some of the benefits of TransferGo are:

Low and Transparent Fee

Competitive Rates

No Transfer Limits

Fastest Delivery in 30 Minutes

Review of TransferGo :

Launched in the year 2012, TransferGo offers inexpensive money transfer services for the migrant workers. The company uses a digital transfer process on an account-to-account model, where money transfers do not leave the country as funds are paid in and out locally. A UK-based company, it offers its services in 22 currencies over 47 countries.

Transfergo offers both personal as well as business transfers in the local-in local-out model. Payments can be made through a bank account or debit and credit card. However, it only supports few currencies through cards and these are GBP, DKK, EUR, PLN, NOK, and SEK with a maximum transfer limit of 2,000 GBP. There is no maximum transfer limit on Transfergo when the amount is transferred through a bank account.

TransferGo customer support is available for a few hours in multiple languages, where users can ask the queries related to their transfers. Besides this, the company is also providing enough security to protect the customers from any cyber crimes.

Overall, we rate 8 out of 10 to TransferGo as its services are not fully available in the US, which can help it to grow more.

transfergo-reviews

Pricing : How much does TransferGo cost?

TransferGo Transfer Fee:

Transfergo fee differs from the way you transfer and the country you are transferring the funds to. Its transfer fee is fixed and has an additional conversion fee of 0.6% to 1.5% of the transfer amount, which depends on the country you are sending funds from. Some of its various transfers and their fee are:

Delivery in 3-5 working days: £ 0.00 (free)

Delivery in 1 business day: £ 0.99

Delivery in 30 minutes: £ 1.99 or more

TransferGo Exchange Rate:

Transfergo will convert the money from its customers at the prevailing mid-market prices by deducting 0.2% to 2.2% of the margin. The rate gets locked once you start the transaction, so you need not to worry about changing rates.

If speed is not an issue, then TransferGo offers cheap transfers and also the exchange rate margin will be zero. Therefore, experts of Exchange Rate IQ provide TransferGo 8 out of 10 under the pricing head.

Transparency: Does TransferGo have any hidden fees?

Transfergo Hidden Fee: The company does not have any hidden fees. You will get all the details of the amount you need to paid and received by the recipient while performing the transaction. However, there should be some additional cost if you transfer the funds through debit and credit card, which will also be shown at the time of the transaction.

TransferGo Tracking Details: If you are transferring the funds through TransferGo, you can track it on your dashboard. It will provide the pending and complete transactions there, where you will get the details on how much time it will receive to the recipient.

You can also cancel the transfers from the website of TransferGo, but if you have once made the transfer, you need to contact TransferGo customer support and it will cancel the booking within 24 hours.

The company has no hidden fees and also providing enough tracking details, however, it does not have a cancellation on a click and you need to contact them. Therefore, we provide 7 out of 10 rating to it under transparency head

Transfer Speed: How long does it take to send money through TransferGo?

The time taken by Transfergo varies from country to country and based on your needs. It has some main countries where the general delivery time is:

Standard delivery takes place on the next business day from the time the company receives your amount.

Cheap delivery takes up to 3 business days from the time the company receives your amount.

It is also providing faster delivery options, where the funds get delivered in 30 minutes, depending on the country from where you deposited the amount.

Recently, TransferGo has launched same-day international money transfers on weekends which offers guaranteed money delivery by 5.30 pm (GMT) on the same day when the booking is made, provided that the transfer is made by 12:30 pm.

There are some countries where it has limited services and takes more than 1 business day to deliver the funds. 

So, on the base of transferring speed of TransferGo, we would rate it 8 out of 10 because in many countries, it is offering 1 business day transfer and also allowing instant transfers in case of faster delivery option

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