Overview

TransferGo is an international money-transfer service with Android and iOS apps, plus a multi-currency account for holding GBP, EUR, PLN and RON. It suits people who send money across borders and want those balances in the same service, rather than a broad-currency account or a subscription plan.

Its strongest case is the combination of multiple payout methods, upfront fee display and a no-monthly-cost account; exchange markups and ATM limits are worth weighing before choosing it.

Key features

International delivery: Transfers reach over 160 countries, with options for bank accounts, cards, e-wallets and cash. Transfer speed is described as instant, while one bank-account option provides next-business-day delivery. That range helps accommodate different recipient needs, but the delivery choice matters more than a single headline speed.
Costs and tracking: TransferGo displays fees upfront and supports transfer tracking, making it easier to check a transaction’s cost and follow its progress. Bank transfers start from 0.2%; card transfers also start from 0.2% but may incur third-party fees.
Four-currency account: The account holds GBP, EUR, PLN and RON with no setup or monthly costs. Transfers to other TransferGo accounts are free. This is useful for people who regularly handle these currencies, but the four supported balances limit its appeal for anyone needing a wider range.
Currency exchange: Exchange uses a markup, starting at 0.5%, or 0.2% for exchanges within the account. The lower in-account rate rewards keeping and exchanging funds in TransferGo; the standard starting rate remains a cost to consider when converting money.
ATM withdrawals: UK and EEA withdrawals have a £500 free monthly limit across up to three withdrawals. Rest-of-world withdrawals have a £200 free monthly limit, also across up to three withdrawals. These allowances can suit occasional cash use, but frequent or larger withdrawals exceed the stated free limits.
Security and service: End-to-end encryption protects customer money and data, and safeguarding measures are used to return money if a transfer fails. TransferGo is regulated under EU and UK law and authorised by the FCA as an EMI. Customer Service operates in English and nine other languages.

Pricing

TransferGo uses a freemium model. The free multi-currency account has no setup or monthly charge, supports multiple balances among GBP, EUR, PLN and RON, and includes free transfers to TransferGo accounts. It is the natural fit for people who want to hold or move those currencies within the service without a recurring account cost.

International bank-account transfers start from 0.2%; a bank-transfer option offers next-business-day delivery. Card transfers start from 0.2%, depending on card and region, and may carry third-party fees. Currency exchange starts at 0.5%, falling to 0.2% for in-account exchanges. These are transaction costs rather than subscription tiers, so the cheaper account does not remove the cost of sending or converting money.

The Virtual GoCard is ready instantly in the app and is shown as free. Online registration is also possible from a computer, so an app is not required to register. TransferGo Business provides a multi-currency business account for global payments.

Platforms

TransferGo is available on Android and iOS. Users can register online with a computer as an alternative to starting in the app.

Who it's for

TransferGo is best suited to people sending money internationally who value a choice of bank, card, e-wallet and cash delivery, or who want to keep GBP, EUR, PLN and RON balances without a monthly account charge. The free internal transfers and reduced in-account exchange rate strengthen the case for keeping funds in the service.

It is less compelling for people who need balances in currencies beyond those four, make frequent ATM withdrawals beyond the monthly free limits, or want to avoid exchange markups and possible third-party card fees.

Pros and cons

Pro: Transfers cover more than 160 countries and multiple recipient methods, giving senders flexibility over how money arrives.
Pro: The account has no setup or monthly costs, and transfers to TransferGo accounts are free.
Pro: Upfront fee display and tracking help users assess and monitor transfers.
Pro: End-to-end encryption, safeguarding measures and FCA EMI authorisation provide concrete security and regulatory protections.
Con: Exchange starts at a 0.5% markup outside the lower in-account rate, so converting funds has a cost even with a free account.
Con: Card transfers may incur third-party fees, and free ATM use is capped by both monthly value and withdrawal count.
Con: The account supports only GBP, EUR, PLN and RON balances, which may not fit users managing other currencies.

Alternatives

For other money-transfer options, see the Money Transfer Apps directory.

Wise is worth comparing if web access matters alongside Android and iOS, or if you prefer paying for what you use rather than choosing a subscription.
Remitly is another mobile option for bank deposits and cash pickup; its stated US-to-France examples include a 0.00 USD bank-deposit price and a 2.99 USD cash-pickup price.
Xe Money Transfer adds web access to Android and iOS, with some transfers carrying fees that depend on currency, destination and payment method.
Paysera may suit someone seeking a free personal multi-currency IBAN account, with 30 free SEPA or SEPA Instant transfers monthly.
Panda Remit is another option for mobile and web users; its stated transfer fee is 6.99 USD per month for transfers from the United States to global destinations, with fees varying by amount and destination.
PhonePe is a free Android and iOS option with a standard plan described as having no setup or annual maintenance fee.
OFX offers a Global Business Account with free registration and no minimum account balance requirement.
CurrencyFair charges a flat 3.00 EUR transfer fee when sending money or transferring out after currency exchange.

Verdict

Choose TransferGo if you send money internationally and want flexible payout methods alongside a no-monthly-cost account for GBP, EUR, PLN and RON. Its upfront fees, tracking and free internal transfers are practical strengths. Look elsewhere if you need a wider range of account currencies, rely on frequent ATM withdrawals, or want to avoid exchange markups and potential card-transfer fees.

	TransferGo	Wave
Free plan	Yes
Paid from	Free
Platforms	Android, iOS	iOS, Android
Free plan	Yes
Paid from	$0.20one-time
Recipient methods	Bank accounts, cards, card-to-card payments, e-wallets and cash transfers
Transfer speed	instant	instant
Exchange-rate model	markup
Mobile platforms	both	both
Upfront fee display	Yes
Transfer tracking	Yes	Yes

TransferGo vs Wave

TransferGo

Wave